Sawgrass Key in Melbourne

Sawgrass Key

Gated Suntree enclave · North Melbourne · ZIP 32940

A gated, Key West-style enclave within the Suntree area of north Melbourne, where most homesites back to water or preserve. The read is the specific home and lot, and confirming the HOA and exactly what it covers.

Gated Suntree enclaveKey West-style homesWater and preserve lots
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
This is a small, gated enclave where a single sale can swing the averages; the specific lot, the water or preserve view, and condition decide where a home trades.
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Unlock Off-Market Sawgrass Key

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
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Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Sawgrass Key is a small, gated, Key West-style single-family enclave within the Suntree area of north Melbourne (ZIP 32940), Brevard County. Third-party profiles describe a gated, landscaped entry and homes with metal roofs, front porches, and cobblestone driveways, reported at roughly 2,000 to 4,000 square feet on lots about 65 to 130 feet wide, with most homesites backing to a water or preserve view. It is valued for its character and its established Suntree-corridor location near I-95, the Wickham Road shopping spine, and the broader Suntree and Viera amenity base. The read is the specific home, its lot and view, condition and year built, plus confirming the homeowners association dues and exactly what they cover, since sources differ on whether the enclave has its own clubhouse or pool. Treat reported amenities and dues as figures to verify before you offer."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Sawgrass Key is a small, gated, Key West-style single-family enclave within the Suntree area of north Melbourne (ZIP 32940), Brevard County. Third-party profiles describe a gated, landscaped entry and homes with metal roofs, front porches, and cobblestone driveways, with most homesites backing to a water or preserve view.

Reported home sizes run roughly 2,000 to 4,000 square feet on lots about 65 to 130 feet wide. The draw is the distinctive Key West character plus an established Suntree-corridor address near I-95, the Wickham Road shopping spine, and the broader Suntree and Viera amenity base, with the Space Coast's aerospace and tech employers a short drive away.

Because this is a small, established enclave, condition, the lot, and the view drive value. Sources differ on whether Sawgrass Key has its own clubhouse, pool, or tennis, so confirm the homeowners association dues, exactly what they cover, and any shared amenities in writing before you offer.

Confirm the year built, prior updates, roof and systems age, the flood designation for water-backing lots, and the school assignment by address with Brevard Public Schools if that matters to you.

Best for

  • Buyers who want a quiet, secluded single-family home inside the established Suntree corridor
  • Buyers who value privacy and a central north Melbourne location near I-95 and Wickham Road
  • Buyers who will confirm the HOA dues, scope, and any shared amenities
  • Buyers who will read condition, year built, and systems on an established home honestly

Probably not for

  • Buyers who want a large, amenity-dense, brand-new master plan
  • Buyers who want a no-HOA setting
  • Buyers who require golf or waterfront frontage at an enclave budget
  • Buyers unwilling to confirm the association scope before offering

How Sawgrass Key is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
72Median days on marketdays
1 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%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 Sawgrass Key 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 Sawgrass Key buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Sawgrass Key

Live MLS inventory for Sawgrass Key. 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 Sawgrass Key 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 takeaway

The Suntree-corridor location is the point: Wickham Road shopping, I-95, and the broader Suntree and Viera amenity base are all a short drive, with the beaches across the causeway.

Wickham Road shopping~5 to 12 min · main retail spine
I-95 interchange~5 to 12 min · main highway access
Suntree and Viera amenities~8 to 18 min · shopping and dining
Health First Viera Hospital area~10 to 18 min · medical campus
Orlando Melbourne Intl Airport~15 to 25 min · regional airport
Atlantic beaches (Satellite Beach area)~20 to 30 min · across the causeway

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 Sawgrass Key with Momentum Realty’s local guides.

BHBaytree Homes for Sale in Melbourne, FLMelbourne, FL · 0.2 miPineda CrossingSuntree AreaPineda CrossingSuntree AreaMelbourne, FL · 0.5 miWickhamLakesWickhamLakesMelbourne, FL · 0.5 miPangea Park Homes for Sale in Viera, FLPangea Park Homes for Sale in Viera, FLViera, FL · 0.7 miSuntreeSuntreeMelbourne, FL · 0.7 miFoxhallat SuntreeFoxhallat SuntreeMelbourne, FL · 0.8 miSan MarinoEstatesSan MarinoEstatesMelbourne, FL · 0.9 miTwin Lakes of SuntreeTwin Lakes of SuntreeMelbourne, FL · 0.9 miEagles Landingat SuntreeEagles Landingat SuntreeMelbourne, FL · 0.9 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
Sawgrass Key (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

Sawgrass Key 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 Sawgrass Key address.

The takeaway

What is actually shaping value around Sawgrass Key: a central Suntree-corridor location, the seclusion of the enclave, the broader Suntree and Viera amenity base, and the tightening countywide inventory picture in early 2026. The county market item is sourced and linked.

Recent Developments in Sawgrass Key

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

Net OutlookBullishThe enclave's seclusion and the established Suntree corridor point steady, supported by a tight countywide inventory picture. The near-term watch item is simply condition and confirming the HOA scope on the specific home you are considering.

Established Suntree-corridor location near I-95 and Wickham Road

Ongoing
BullishNotable impact
SignificanceRadius: Area

A central, well-known master-planned corridor with strong access supports steady demand for homes inside it.

Seclusion and privacy of the enclave

Ongoing
BullishNotable impact
SignificanceRadius: Community

A quiet, tucked-away pocket is scarce within a busy corridor, supporting value for well-positioned homes.

Broader Suntree and Viera amenity base nearby

Ongoing
BullishNotable impact
SignificanceRadius: Area

Proximity to the Suntree and Viera shopping, dining, and medical base adds to the corridor's appeal.

Established housing stock; condition drives value

Ongoing
NeutralNotable impact
SignificanceRadius: Community

An established enclave means condition is the main swing, so the read is the specific home rather than an average.

Brevard inventory tightened in early 2026

2026
BullishNotable impact
SignificanceRadius: County

Countywide single-family inventory fell and closings rose in early 2026, a supportive backdrop for Suntree-area pockets.

Space Coast employment base supports demand

Ongoing
BullishNotable impact
SignificanceRadius: Region

Aerospace and tech employment across the Space Coast underpins steady demand in the Suntree corridor.

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 Sawgrass Key, 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. April 2026
    Market

    Brevard single-family sales rise, inventory tightens in early 2026

    Space Coast Association of REALTORS data reported single-family closings up year over year in March 2026 with months of supply falling to roughly 3.7, while the median single-family sales price ticked up. Why it matters: Tighter inventory and steady closings are a supportive backdrop for established Suntree-corridor enclaves like this one. Source

Development alerts for Sawgrass KeyGet a short monthly email when something new is approved, funded, or opens near Sawgrass Key.

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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 Sawgrass Key, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the HOA first. Dues, exactly what they cover, and any shared amenities vary among Suntree enclaves, so verify in writing before you fall for a list price.

2

Read the lot and the seclusion. The privacy of the pocket is part of the appeal, so weigh the specific lot and what it backs to.

3

Budget condition honestly. This is an established enclave, so roof, HVAC, and prior updates are the biggest swing in value.

4

Use the Suntree-corridor location near I-95, Wickham Road, and the broader Suntree and Viera amenity base as part of the read.

5

Comp the specific home against recent Suntree-area sales, matched to lot and condition, not a single average.

Best Buy
An updated home on a private lot, matched to recent Suntree-area comps
Biggest Risk
Underbudgeting roof and systems on an established home
Best Lot
A private, well-positioned lot over a busier interior position
Smart Timing
Confirm the HOA dues, scope, and any shared amenities before offering
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

Sawgrass Key is a small, gated, Key West-style single-family enclave within the Suntree area of north Melbourne. Third-party profiles describe a gated, landscaped entry and homes with metal roofs, front porches, and cobblestone driveways, reported at roughly 2,000 to 4,000 square feet on lots about 65 to 130 feet wide, with most homesites backing to a water or preserve view. The Suntree area offers a central north Melbourne location near I-95, the Wickham Road shopping spine, and the broader Suntree and Viera amenity base, with the Space Coast's aerospace and tech employers a short drive away. Sources differ on whether the enclave has its own clubhouse, pool, or tennis, so confirm the homeowners association scope and any amenities before you offer. Because the enclave is small and established, condition, the lot, and the view drive value, so each home is best read on its own.

The takeaway

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

The Entry Home

Established homes needing updates, the attainable route into the enclave. Condition and prior maintenance set the number.

Lowest entry
The Updated Home

Renovated or well-kept homes on solid, private lots, the heart of the resale market here when one is available.

Most inventory
The Premium Lot

The most private, best-positioned homes in the enclave, where the lot and the seclusion drive value the most.

Strongest resale

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

The Entry Home
Established homes needing updates, the attainable route into the enclave. Condition and prior maintenance set the number.
The Updated Home
Renovated or well-kept homes on solid, private lots, the heart of the resale market here when one is available.
The Premium Lot
The most private, best-positioned homes in the enclave, where the lot and the seclusion drive value the most.

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
  • Better lots and views 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.

Gated, Key West-style characterStrong
Central Suntree-corridor locationStrong
Most lots back to water or preservePositive
On-site amenities differ by sourceVerify it
HOA scope to confirmVerify it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Sawgrass Key

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

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The Suntree location and the seclusion are priced into every home. The deal is won or lost on the specific lot, condition, and confirming the HOA.

Jon Brooks · Founder, Momentum Realty
7.6B+ · Buy Score
Resale Strength7.8/10
Renovation Risk5.4/10
Location Efficiency8.4/10
Long-Term Defensibility7.4/10
Carrying Cost Advantage7.2/10

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 Sawgrass Key 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
  • Privacy and seclusion are the scarce asset
  • A well-positioned lot holds value best
  • The lot cannot be renovated, the home can
  • Confirm what the lot backs to
  • Comp each home to recent Suntree-area sales

In a secluded enclave like Sawgrass Key, the lot and the privacy are the part of value the market gives back, because the home can always be updated but the position and the seclusion cannot. A private, well-positioned lot in a quiet pocket holds value best; read what the lot backs to and how private it feels first, then price the condition of the home against it.

Sawgrass Key in 15 seconds.

Best forBuyers who want a quiet, secluded single-family home inside the established Suntree corridor.
Biggest advantagePrivacy plus a central Suntree location near I-95, Wickham Road, and the broader Suntree and Viera amenity base.
Biggest riskCondition costs on an established home and confirming the HOA scope.
Sweet spotAn updated home on a private lot, matched honestly to recent Suntree-area comps.
Avoid ifYou want a brand-new, amenity-dense master plan or a no-HOA setting.

HOA, CDD & Fees

15-Second Take
  • Gated, Key West-style enclave
  • HOA reported; confirm dues and scope
  • Most lots back to water or preserve
  • On-site amenities differ by source; verify
  • Comp to recent Suntree-area sales

A homeowners association is reported for this enclave within Suntree; the current dues and exactly what they cover vary by neighborhood. Confirm the amount, billing, and inclusions for a specific home in writing before you offer.

Where an association applies, it typically covers common-area maintenance and may include access to shared Suntree-area amenities. Confirm exactly what is and is not covered, including any master-association tie-in.

Sources differ on whether Sawgrass Key has its own clubhouse, pool, or tennis. Confirm exactly which on-site amenities the association maintains before you offer.

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 Sawgrass Key, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Suntree, 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 Sawgrass Key home worth?

Get a no-obligation home value based on real comparable sales in Sawgrass Key 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 Sawgrass Key on the map →
Or get your Sawgrass Key home value & selling guide →

Real comps, not a Zestimate.

Sawgrass Key Market Scorecard

Buyer-Leaning Market (limited data)

Sawgrass Key is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
n/a
Median sold
n/a
Per sqft
n/a
Days on mkt
0/1/0
Active/Pend/Sold

Typical home value in the 32940 ZIP is $484,704, about 8.4% 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 Sawgrass Key in Melbourne?
Sawgrass Key is a small, secluded single-family enclave within the larger Suntree area of north Melbourne, ZIP 32940, near I-95 and the Wickham Road shopping corridor.
Is Sawgrass Key part of Suntree?
It sits within the broader Suntree area, among the other Sawgrass neighborhoods. It reads as a quiet, tucked-away pocket inside that well-known master-planned corridor rather than a large standalone subdivision.
Does Sawgrass Key have an HOA?
A homeowners association is reported for this enclave. The current dues and exactly what they cover vary by neighborhood within Suntree, so confirm the amount and inclusions for a specific home in writing before you offer.
What kind of homes are in Sawgrass Key?
Distinctive Key West-style single-family homes, reported at roughly 2,000 to 4,000 square feet on lots about 65 to 130 feet wide, with metal roofs, front porches, and cobblestone driveways, and most lots backing to water or preserve. Condition, the lot, and the view drive value.
What schools serve Sawgrass Key?
Homes here are served by Brevard Public Schools in the Suntree area. Assignment is by address and changes periodically, so confirm the exact zoning for a specific home with the district.
Is Sawgrass Key a quiet neighborhood?
Yes. Third-party profiles describe it as a secluded, low-traffic pocket bordered by the other Sawgrass neighborhoods, which is a large part of its appeal.
How far is Sawgrass Key from I-95 and shopping?
The Suntree corridor sits close to I-95 and the Wickham Road shopping spine, with the broader Suntree and Viera amenity base a short drive away. Confirm your real commute at your real departure time.
Are there community amenities at Sawgrass Key?
Sources differ: some describe a clubhouse, playground, and tennis courts, while others say there is no on-site clubhouse or pool. Because the picture is mixed, confirm exactly which amenities the association maintains before you offer.
What is the median home price in Sawgrass Key?
The enclave spans a range driven by home size, lot, and condition. The right read is the comparable-sales analysis on a specific home matched to recent Suntree-area sales, not a single average.
Is Sawgrass Key a good place to buy?
It can be, for buyers who want a quiet, secluded, established Suntree-corridor address and who will confirm the HOA and read condition honestly. As with any established pocket, the home and the lot drive the outcome; this is not a guarantee of future value.
Is Sawgrass Key gated?
Yes. Third-party profiles describe Sawgrass Key as a gated enclave with a landscaped entry. Confirm exactly what the association controls and maintains before you offer.
How close is Viera and the Space Coast employment base?
Viera and its shopping and medical campuses are a short drive north, and the Space Coast's aerospace and tech employers are within a reasonable commute from the Suntree corridor.
Should I use the listing agent to buy in Sawgrass Key?
No. The listing agent works for the seller. In an established enclave where condition and the lot swing value, having your own representation is the highest-leverage decision you make.
Buyers who want a quiet, secluded single-family home inside the established Suntree corridorExcellent fit
Buyers who value privacy and a central north Melbourne location near I-95 and Wickham RoadExcellent fit
Buyers who will confirm the HOA dues, scope, and any shared amenitiesExcellent fit
Buyers who will read condition, year built, and systems on an established home honestlyExcellent fit
Buyers who will comp the specific home to recent Suntree-area salesExcellent fit
Buyers who want a large, amenity-dense, brand-new master planProbably not
Buyers who want a no-HOA settingProbably not
Buyers who require golf or waterfront frontage at an enclave budgetProbably not
Buyers unwilling to confirm the association scope before offeringProbably not
Buyers unwilling to budget condition on an established homeProbably not

Get the inside read on Sawgrass Key

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Sawgrass Key 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.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Sawgrass Key specialist will reach out personally, usually the same day.

Space Coast MLS logo
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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