Riverwalk of Melbourne in Melbourne

Riverwalk
of Melbourne

Low-maintenance amenity community · near Eau Gallie · Melbourne, ZIP 32935

A newer low-maintenance amenity community near Eau Gallie in Melbourne, marketed as Riverwalk Club, with townhomes, villas, and single-family homes where the product type and the HOA coverage drive value.

Townhome to single-familyReported clubhouse & poolNear Eau Gallie
Live Market Pulse
41/100
Momentum
Buyer-Leaning Market
Resale here turns on the product type, the floor plan, and the HOA coverage; confirm the dues and what they cover for the specific home, and any CDD or district assessment, before anchoring on a number.
Free · No obligation
Unlock Off-Market Riverwalk of Melbourne

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Space Coast MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseSpace Coast MLS
$300K
Median Price
6.7mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
$184/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Riverwalk of Melbourne, marketed as Riverwalk Club, is a newer amenity community near the Eau Gallie area of Melbourne with a mix of townhomes, villas, and single-family homes around a reported clubhouse, pool, spa, fitness center, and sauna. The defining feature is that HOA coverage differs by product type: attached townhomes and villas typically bundle more lawn and exterior maintenance than detached single-family, which means the right read is matching the home and its fee to how you live. The appeal is newer construction, the insurance math of recent code, a low-maintenance lifestyle, and a location reported a few miles from the beach near the walkable Eau Gallie Arts District. The read is the product type, the HOA coverage, any CDD, and the total carrying cost: confirm exactly what the fee includes for the specific home, verify rental and pet rules, and comp within the same product type rather than across the whole community."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Riverwalk of Melbourne market snapshot (as of June 17, 2026): the median sale price is about $300K ($184 per sq ft), a buyer-leaning market. Based on 9 recent closings in live Space Coast MLS data.

Riverwalk of Melbourne, marketed as Riverwalk Club, is a newer amenity community near the Eau Gallie area of Melbourne, Brevard County (ZIP 32935). It includes a mix of townhomes, villas, and single-family homes, with third-party sources reporting a clubhouse, community pool, spa, fitness center, and sauna.

The defining feature is the product mix and the HOA. Coverage differs by product type, attached townhomes and villas typically bundle more lawn and exterior maintenance than detached single-family, so the right read is matching the home and its fee to how you live. The community is marketed as low-maintenance, with services often handled by the HOA, especially for attached product.

The location is a genuine draw. Riverwalk sits near the walkable Eau Gallie Arts District, with its galleries, restaurants, and events, and is reported a few miles from the Atlantic beaches, with US-1 and Melbourne shopping a short drive away. Eau Gallie has seen ongoing redevelopment interest, which supports the area over time.

The read is the product type, the HOA coverage, any CDD, and the total carrying cost. Confirm exactly what the fee includes for the specific home, verify rental and pet rules if those matter, and comp within the same product type. Confirm school assignment by address with Brevard Public Schools before you rely on it.

Best for

  • Buyers who want newer, low-maintenance living near Eau Gallie and the beach
  • Buyers who value a reported clubhouse, pool, spa, fitness, and sauna
  • Buyers who want a choice of townhome, villa, or single-family product
  • Buyers who will confirm the HOA coverage for their product type

Probably not for

  • Buyers who want a large detached lot with no HOA
  • Buyers who want waterfront or a private dock
  • Buyers unwilling to verify the HOA coverage, any CDD, and rental rules
  • Buyers who dislike attached-product rules and shared amenities

How Riverwalk of Melbourne is performing right now

41/100
momentum
Buyer-Leaning Market
Seller's marketBalancedBuyer's market
6.7Months of supplytight
72Median days on marketdays
1 : 5Under contract vs for salestrong demand
9Sold in last 12 monthsliquidity
+7%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from the Space Coast MLS, as of June 17, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Riverwalk of Melbourne listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Riverwalk of Melbourne buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Riverwalk of Melbourne

Live MLS inventory for Riverwalk of Melbourne. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Riverwalk of Melbourne listings as of 2026-06-17, priced high to low. Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.. Tap any home to ask about it.

Listing locations from Space Coast MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The Club & Membership

15-Second Take
  • Newer community with reported clubhouse and pool
  • Confirm the current amenity list with the listing
  • Product type ranges from townhome to single-family
  • HOA coverage differs by product type, confirm it
  • No golf course or golf-club cost here

Riverwalk of Melbourne, marketed as Riverwalk Club, is a newer amenity community near the Eau Gallie area of Melbourne, Brevard County (ZIP 32935), with a mix of townhomes, villas, and single-family homes. Third-party sources report a clubhouse, community pool, spa, fitness center, and sauna, and a location a few miles from the beach near the Eau Gallie Arts District. HOA coverage differs by product type. Confirm the current HOA dues and exactly what they cover for the specific home type, verify whether a CDD or district assessment applies on the parcel via the tax bill, confirm the rental and pet policies, check which amenities are complete and open, and verify the school assignment by address with Brevard Public Schools, since details change. Comp every home within its own product type.

The takeaway

The Eau Gallie location is the point: the arts district, the US-1 corridor, the airport, and the beaches are all a short drive.

Eau Gallie Arts District~5 to 8 min · walkable arts and dining
Atlantic beaches (reported)~10 to 15 min · reported a few miles
US-1 corridor~5 to 8 min · shopping and dining
Melbourne Orlando International Airport (MLB)~12 to 18 min · regional airport
Downtown Melbourne~12 to 18 min · historic downtown
Orlando International Airport~75 to 90 min · via I-95 north

Drive times are approximate and vary with traffic and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Riverwalkof Melbourne with Momentum Realty’s local guides.

Calico HeightsCalico HeightsMelbourne, FL · adjacentLongwoodLongwoodMelbourne, FL · adjacentHoneybrookPlantationHoneybrookPlantationMelbourne, FL · 0.2 miEmeraldPalmsEmeraldPalmsMelbourne, FL · 0.2 miJames LandingJames LandingMelbourne, FL · 0.3 miCedar RunCedar RunMelbourne, FL · 0.3 miQuail RidgeQuail RidgeMelbourne, FL · 0.4 miMisty WayMisty WayMelbourne, FL · 0.5 miWeston ParkWeston ParkMelbourne, FL · 0.5 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Riverwalk of Melbourne (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Brevard County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Riverwalk of Melbourne is served by Brevard County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Riverwalk of Melbourne address.

The takeaway

What is actually shaping value around Riverwalk of Melbourne and the Eau Gallie area, sourced and dated. We do not publish rumor.

Recent Developments in Riverwalk of Melbourne

Our read on what is being built around Riverwalk of Melbourne, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is newer low-maintenance living near a redeveloping Eau Gallie arts district and the beach, supported by Space Coast employment. For Riverwalk specifically, value turns on the product type, the HOA coverage, any CDD, and the total carrying cost, so confirm every layer for the specific home.

Eau Gallie Arts District redevelopment

BullishPlanned investment in the Eau Gallie area, including a reported new parking garage and hotel, strengthens the walkable district near Riverwalk and supports area values over time. impact
SignificanceRadius: Region

Eau Gallie Arts District redevelopment

HOA coverage differs by product type

NeutralAttached townhomes and villas typically bundle more maintenance than detached single-family, so the fee and what it covers vary by home. Confirm the exact coverage before you offer. impact
SignificanceRadius: Community

HOA coverage differs by product type

Space Coast employment supports Melbourne demand

BullishMelbourne anchors major Space Coast employers, which supports baseline housing demand including newer low-maintenance communities like Riverwalk. impact
SignificanceRadius: Region

Space Coast employment supports Melbourne demand

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Riverwalk of Melbourne, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. December 2025
    Development

    New parking garage and hotel coming to the Eau Gallie Arts District

    Reporting in December 2025 described a development project bringing a hotel and hundreds of new public parking spaces to Melbourne's Eau Gallie Arts District, near Riverwalk of Melbourne. Why it matters: Investment in the walkable Eau Gallie district strengthens the area around Riverwalk over time. For a specific home, the product type, HOA coverage, and any CDD still drive value, so confirm them before you offer. Source

  2. August 2025
    Economy

    Space industry booming across Brevard

    Local reporting describes the space industry booming in Brevard, with aerospace companies expanding around the Space Coast, a structural driver of housing demand including Melbourne. Why it matters: Aerospace-driven regional demand supports the broader Melbourne market. Riverwalk value still turns on the product type and HOA coverage, so comp each home within its type. Source

Development alerts for Riverwalk of MelbourneGet a short monthly email when something new is approved, funded, or opens near Riverwalk of Melbourne.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Riverwalk of Melbourne, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the HOA coverage for your product type. Townhomes, villas, and single-family bundle different services; get it in writing.

2

Verify whether a CDD applies. Pull the parcel tax bill so you see every non-ad-valorem line item.

3

Check the amenity roster. Confirm which reported amenities, clubhouse, pool, spa, fitness, sauna, are open.

4

Verify rental and pet rules. These vary by product type and matter if you plan to lease or have pets.

5

Comp within the same product type and cross-shop, Crystal Bay in Grant-Valkaria, on total carrying cost.

Best Buy
The product type that fits how you live, with the HOA coverage confirmed and the total carrying cost penciled out against comparable communities.
Biggest Risk
Comparing a townhome fee against a single-family fee, or missing a CDD or rental restriction.
Best Lot
For single-family, position and lot still matter; for attached product, the unit's interior position and exposure drive value.
Smart Timing
Newer amenity communities trade on lifestyle and fee value, prepared buyers who understand the total carrying cost have leverage.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

The Homes

Type

Townhome, villa & single-family

Style

Newer, low-maintenance

Marketed as

Riverwalk Club

Setting

Near Eau Gallie, Melbourne

Costs & Fees

HOA

Varies by product, confirm

Includes

Confirm coverage per type

CDD

Verify per parcel

Amenities

Clubhouse

Reported, verify

Pool & spa

Reported pool and spa

Fitness

Reported fitness & sauna

Maintenance

Low-maintenance living

Location

Setting

Near Eau Gallie, Melbourne

Beach

~4 miles (reported)

Arts

Eau Gallie Arts District nearby

The Homes: Townhome to Single-Family

Riverwalk offers attached townhomes, villas, and detached single-family homes. The attached product is the entry point and bundles the most maintenance, while single-family offers more space with a different coverage profile. Because the construction is newer, homes are built to recent Florida code, which shows up in insurance quotes that beat older area stock.

The key is matching the product to your life and confirming what the HOA covers for that type. We pull comps within the same product type and itemize the fee for any home you are serious about.

Want the real comps? We will send current Riverwalk listings with the HOA coverage by product type and honest notes on which homes fit your budget.
Get the numbers
What Living Here Is Actually Like

The rhythm of Riverwalk life, from the Eau Gallie-area setting:

A typical week
A morning at the clubhouse, pool, or fitness center, dinner or a gallery walk in the Eau Gallie Arts District, and an easy run to the beach or US-1 shopping. The low-maintenance lifestyle means less weekend yard work and more time on what you enjoy.
The low-maintenance factor
For attached product especially, the HOA often handles lawn and exterior items, which is the whole appeal for lock-and-leave owners and snowbirds. Confirm exactly what is covered for your home type so the budget is predictable.
What buyers should go in eyes-open about
HOA coverage and fees differ by product type, any CDD must be verified, and rental and pet rules vary. None of it is unusual, but all of it should be confirmed before you offer.
The Riverwalk Buyer Checklist
  • Confirm the HOA coverage for your product type, in writing.
  • Verify whether a CDD applies by pulling the parcel tax bill.
  • Check the amenity roster, which reported amenities are open.
  • Verify rental and pet rules if those matter to your plan.
  • Comp within the same product type, not across the community.
  • Quote insurance early, newer construction is an advantage, use it.
  • Drive your real routine, work, beach, Eau Gallie, at real times of day.
Jon Brooks · Co-Founder, Momentum Realty

Riverwalk is a smart pick for buyers who want newer construction and a low-maintenance lifestyle near Eau Gallie and the beach. The one thing I make sure buyers understand is that this is a mixed-product community, and the HOA covers different things for a townhome than for a single-family home. Comparing a single fee number across product types is the classic mistake.

Get the coverage in writing for the exact home, check whether a CDD applies, and pencil out the total carrying cost. When the product type fits your life and the numbers work, this is a genuinely easy community to live in.

Riverwalk vs. the Alternatives

The honest comparison set for a Riverwalk buyer in Brevard:

CommunityTypeFeesThe trade
Riverwalk of MelbourneNewer · mixed productConfirm HOA by product typeLow-maintenance living near Eau Gallie and the beach
Crystal BayD.R. Horton · amenityHOA; verify CDD per parcelDetached single-family, rural Grant-Valkaria
Banana River DriveEstablished · waterfrontConfirm HOA + flood/insuranceGenuine water access on Merritt Island

The pattern: Riverwalk wins on low-maintenance living near the coast and Eau Gallie; Crystal Bay wins on detached single-family and rural space; Banana River Drive wins on water access. There is no wrong answer, only a wrong match for your priorities and budget.

Comparing Brevard communities? We will build you an honest side-by-side across Melbourne, Grant-Valkaria, and Merritt Island.
Get the comparison
The Honest Pros & Cons

What Riverwalk gets right

  • Newer construction with the insurance math of recent code
  • Reported clubhouse, pool, spa, fitness center, and sauna
  • Low-maintenance living, often with lawn and exterior handled
  • Near Eau Gallie and reported a few miles from the beach
  • Multiple product types to fit your budget and lifestyle

What to go in eyes-open about

  • HOA coverage differs by product type, confirm exactly what is included
  • Attached product carries different rules than single-family
  • Confirm any CDD and the full carrying cost per parcel
  • Amenity-heavy fees mean comparing total monthly cost across communities
  • Verify rental and pet policies if those matter to your plan
The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: townhomes
$275K to $295K

Attached townhome product, typically the entry point, with low-maintenance living and amenity access. Confirm what the HOA covers for this type.

Lowest entry
Core: villas
$295K to $313K

Villa product bridging townhomes and single-family, often a strong lock-and-leave footprint with amenity access.

Most inventory
High: single-family homes
$313K to $350K

Detached single-family homes, the top of the local range, with more space and a different HOA coverage profile than the attached product.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$275K to $295K
Entry: townhomes
Attached townhome product, typically the entry point, with low-maintenance living and amenity access. Confirm what the HOA covers for this type.
$295K to $313K
Core: villas
Villa product bridging townhomes and single-family, often a strong lock-and-leave footprint with amenity access.
$313K to $350K
High: single-family homes
Detached single-family homes, the top of the local range, with more space and a different HOA coverage profile than the attached product.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Golf and lake lots resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Newer construction housing stockStrong
Central Eau Gallie locationStrong
Reported clubhouse and poolSolid
Confirm HOA coverage by product typeManage it
Confirm any CDD or district assessmentWatch it

Momentum analysis based on the no-CDD structure, central location, built-out lot scarcity, the funded club plan, and the all-resale 1990s housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated golf or lake home priced just under the next tier up. Buyers chasing the single biggest estate often pay estate prices for what is really a renovation project.

5 Mistakes Buyers Make in Riverwalk of Melbourne

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Ignoring the optional club cost
  • Skipping the roof, HVAC, and systems check

In an all-resale, seven-figure, renovation-driven market, the same five mistakes cost buyers the most. Every one is avoidable with the right preparation before you tour.

Riverwalk is an easy community to like for its low-maintenance lifestyle and easy to mis-compare. The deal is won or lost on the product type, the HOA coverage, any CDD, and the total carrying cost, not a single fee number.

Jon Brooks · Founder, Momentum Realty
7.8B+ · Buy Score
Resale Strength7.8/10
Renovation Risk8.2/10
Location Efficiency8.0/10
Long-Term Defensibility7.6/10
Carrying Cost Advantage7.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Riverwalk of Melbourne is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Space Coast MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Space Coast MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Space Coast MLS; for orientation, not an appraisal.

15-Second Take
  • Product type drives price and fee first
  • Single-family carries more space and a different fee
  • Townhomes and villas bundle more maintenance
  • Position and exposure matter within each type
  • Comp within the same product type, not across the community

In Riverwalk, the product type drives price and the HOA fee first, and position within the type second. Single-family homes carry more space and a different coverage profile than the attached townhomes and villas, which bundle more lawn and exterior maintenance. Within each type, interior position and exposure matter. Comp each home within its own product type rather than across the whole community, and pencil out the total carrying cost, dues plus any CDD, before you offer.

Riverwalk of Melbourne in 15 seconds.

Best forBuyers who want newer, low-maintenance living near Eau Gallie and the beach with real amenities.
Strong onA reported clubhouse, pool, spa, fitness, and sauna, recent construction, a walkable arts district nearby, and a choice of product types.
WatchThe HOA coverage by product type, any CDD, and rental and pet rules. Confirm every layer for the specific home.
Not forBuyers who want a large no-HOA lot, waterfront with a dock, or to avoid attached-product rules and shared amenities.
The edgeThe product type that fits your life, with the HOA coverage confirmed and the carrying cost penciled out, can be a durable low-maintenance value near the coast.

HOA, CDD & Fees

15-Second Take
  • HOA coverage differs by product type, confirm exactly
  • Attached product bundles more maintenance than single-family
  • Verify whether a CDD applies on the parcel
  • Reported clubhouse, pool, spa, fitness, sauna
  • Comp within the same product type, not across the community

Riverwalk's HOA coverage differs by product type: attached townhomes and villas typically bundle more lawn and exterior maintenance than detached single-family. Confirm the exact dues and what they cover for the specific home before you offer, since it varies. Separately, verify whether a non-ad-valorem CDD or district assessment applies on the parcel by pulling the tax bill.

The HOA is reported to fund the community amenities and, for attached product, often lawn care, exterior maintenance, and sometimes utilities. Coverage varies by product type, so do not assume; confirm the current budget and exactly what is included for the home type with the association before you offer.

The community is reported to include a clubhouse, pool, spa, fitness center, and sauna. Verify which amenities are complete and open, and confirm whether amenity access and maintenance are included in the dues for your product type.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Riverwalk of Melbourne, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Crystal Bay, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Riverwalk of Melbourne home worth?

Get a no-obligation home value based on real comparable sales in Riverwalk of Melbourne matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Riverwalk of Melbourne on the map →
Or get your Riverwalk of Melbourne home value & selling guide →

Real comps, not a Zestimate.

Riverwalk of Melbourne Market Scorecard

Buyer-Leaning Market (limited data)

Riverwalk of Melbourne is currently a buyer-leaning market (limited data). About 5.3 months of supply, a median asking price of $342,500.

5.3
Months supply
$342,500
Median list
$300,000
Median sold
$184
Per sqft
n/a
Days on mkt
4/1/9
Active/Pend/Sold

Typical home value in the 32935 ZIP is $270,319, about 14.9% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Based on information from the Space Coast MLS for the period 2026 through 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Riverwalk of Melbourne located?
Marketed as Riverwalk Club, a newer amenity community near the Eau Gallie area of Melbourne, Brevard County, FL (ZIP 32935), reported a few miles from the beach and close to the Eau Gallie Arts District.
What kind of homes are in Riverwalk?
A mix of townhomes, villas, and single-family homes. The product type drives both the price and the HOA coverage, so match the home to how you live and confirm what the fee includes.
What amenities does Riverwalk have?
Third-party sources report a clubhouse, community pool, spa, fitness center, and sauna. Verify which are complete and open and what the HOA covers before you offer.
How does the HOA work in Riverwalk?
HOA coverage differs by product type. Attached townhomes and villas typically bundle more exterior and lawn maintenance than detached single-family. Confirm the exact dues and coverage for the specific home before you offer.
Does Riverwalk have a CDD?
Verify per parcel. Some Brevard communities carry non-ad-valorem assessments and some do not. We pull the actual tax bill for any home so you see every line item.
Is Riverwalk low-maintenance?
Yes, it is marketed as low-maintenance living, often with lawn care and exterior items handled by the HOA, especially for attached product. Confirm exactly what is covered for your home type.
How far is the beach?
Reported to be a few miles, roughly 4 miles, to the Atlantic beaches, about 10 to 15 minutes by car. Verify the exact route for the specific home.
What is the Eau Gallie area like?
A walkable arts-and-dining district in Melbourne with galleries, restaurants, events, and ongoing redevelopment. Riverwalk sits near it, with US-1 and the beach a short drive away.
Are there rental or pet restrictions?
Amenity communities commonly restrict leasing and have pet rules, often with breed restrictions, that vary by product type. Get the current policies in writing before you buy with rental or pet plans.
What schools serve the area?
Brevard Public Schools, zoned by address. Assignment changes over time, so confirm the current schools for any specific home with the district.
Do I need my own agent to buy in Riverwalk?
Yes. The listing agents work for the seller. Your own agent confirms the HOA coverage by product type, checks any CDD, pulls true comps, and verifies rental and pet rules. Momentum Realty does exactly that.
What is the flood and insurance picture near Riverwalk of Melbourne?
The community sits in the Eau Gallie area near the Indian River Lagoon, so flood zone and wind-mitigation details vary by building and address and drive the insurance quote. Confirm the specific flood zone, roof age, and a real insurance quote for any home before you rely on a monthly number.
You want newer, low-maintenance living near Eau Gallie and the beachExcellent fit
You value a reported clubhouse, pool, spa, fitness, and saunaExcellent fit
You want a choice of townhome, villa, or single-family productExcellent fit
You want the insurance math of recent constructionExcellent fit
You will confirm the HOA coverage for your product type before offeringExcellent fit
You want a large detached lot with no HOAProbably not
You want waterfront or a private dockProbably not
You will not verify the HOA coverage, any CDD, and rental rulesProbably not
You dislike attached-product rules and shared amenitiesProbably not
You want a maintenance-free fee that is identical across all homesProbably not

Get the inside read on Riverwalk of Melbourne

Whether you are buying a renovation project, comparing the lots and views, weighing the optional club, or selling your Riverwalk of Melbourne home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

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Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.

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