Portofino Bay
Homes for Sale in Melbourne, FL
All 731 homes for sale in Melbourne, FL · median $389,900 · 280 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of October 2026, the MLS records 23 closed sales in Portofino Bay in Melbourne, FL since 2005, the most recent in February 2026. Across Melbourne as a whole, 1,127 homes closed in the last 12 months at a median of $385,000, 44 median days on market, with 229 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,010 ($5,380 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 20 (FL DOR 2025 assessment roll) |
| Years built | 1999–2010 (median 2001.0) |
| Typical living area | 4,054 sq ft (median) |
| Amenities listed by sellers | Boat Dock, Boat Slip, Closed Circuit Camera(s), Gated, Maintenance Grounds, Security Gate |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 80% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2005 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Portofino Bay key facts,” movewithmomentum.com/neighborhoods/portofino-bay, data as of September 20, 2026.
Portofino Bay is a small pocket in Melbourne, and the current MLS snapshot is thin — a single closing in the window as of mid-July 2026. With no median price to anchor to and only one recent trade, this is a market you read house by house, not by the numbers. Condition, lot, and updates will set price here far more than any community-wide trend, because there simply isn't enough current volume to establish one.
For a buyer, that means patience and a willingness to move when the right listing surfaces rather than expecting steady inventory. For a seller, it means your comps are limited and your pricing case rests on the specifics of your home, not a deep bench of recent sales. Neither side should assume the last closing defines the next one.
Nearby homes for sale
No active listings inside Portofino BayHomes for Sale in Melbourne, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Portofino Bay is a low-turnover residential community in Melbourne, Brevard County, where listings surface intermittently rather than in a steady stream. Expect to track it actively rather than shop it on demand.
Space Coast MLS sales records identify 13 homes in Portofino Bay that have changed hands since 2009, built between 1999 and 2002 (median 2001), with a median living area of about 3,350 sq ft and a typical 4-bedroom, 3.5-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 3 qualified sales in Portofino Bay across 2024–2024, median $1.32M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Portofino Bay is best for.
Best for
- Buyers targeting Melbourne who can stay patient and act when a fitting listing appears
- Buyers comfortable underwriting a single home on its condition and lot rather than a market trend
- Buyers who don't require shared community amenities to justify the purchase
Probably not for
- Buyers who need a wide selection of listings available immediately
- Buyers who want the reassurance of deep, recent comparable sales
- Buyers seeking resort-style or shared amenities as part of the deal
The market around Portofino Bay
Portofino Bay is too small for its own price trend, so here is the market around it.
In ZIP 32940, 418 homes are on the market and 34% are under contract — a fast-moving corner of Melbourne.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not Portofino Bay specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Portofino Bay, Melbourne
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The Portofino Bay buying strategy.
If we were buying in Portofino Bay today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Portofino Bay.
A thin-data market
The defining feature of Portofino Bay right now is scarcity of data. One closing in the current window is not a trend — it's a data point. That cuts both ways: there's no runaway momentum to chase, but there's also no reliable pricing floor or ceiling to lean on. The honest posture is to underwrite each home on its own merits.
No community amenities were identified from current MLS listings, so the value proposition here is the homes and the Melbourne location itself, not shared facilities. If amenities matter to you, confirm what's actually offered before you fall for a floor plan — don't assume features that the listings don't document.
The location and the amenities are priced into every listing in Portofino Bay. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-turnover pocket like this, timing and comp analysis matter more than volume-driven strategy. We watch Portofino Bay closely, tell you plainly when a listing is priced against thin data, and build your offer or your pricing case around the specifics of the property rather than a trend that doesn't exist yet.
Portofino Bay in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $400/month (about $4,800/yr) · median of 18 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $400 per month ($4,800 a year) — the median AssociationFee across 18 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Portofino Bay buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Portofino Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Portofino Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Portofino Bay home worth?
Get a no-obligation home value based on real comparable sales in Portofino Bay, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
How many homes are in Portofino Bay?
What share of Portofino Bay is owner-occupied?
When were the homes in Portofino Bay built?
Who is the best real estate agent for Portofino Bay?
How do I find a top Melbourne real estate agent who knows Portofino Bay?
Can Momentum Realty connect me with an agent for Portofino Bay?
Where is Portofino Bay, and what county is it in?
Should you buy in Portofino Bay?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (23 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Portofino Bay fits the bigger picture — live prices, inventory, and Momentum Scores:
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