Sheridan Estates
Homes for Sale in Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of September 2026, Sheridan Estates in Melbourne, FL has 1 home for sale. As of September 2026, the MLS records 21 closed sales in Sheridan Estates in Melbourne, FL since 2005, the most recent in May 2026. Across Melbourne as a whole, 1,101 homes closed in the last 12 months at a median of $389,500, 45 median days on market, with 230 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,080 ($5,460 with the full homestead exemption).
Sheridan Estates is a small community in Melbourne where price is driven almost entirely by the home itself — condition, updates, lot, and layout — rather than any shared amenity package. There is nothing communal here to underwrite value, so what a home has done to its kitchen, roof, and systems does most of the pricing work.
With only a couple of closings in the recent window, this is a thin-data market: individual sales carry outsized weight, and a single renovated or dated home can skew the read. For sellers that means pricing to your specific condition, not a neighborhood average. For buyers it means slower comps and more room to underwrite each property on its own merits.
Sheridan Estates right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 12, 2026. Confidence: Low (1 active and pending listings, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Sheridan Estates is a compact residential pocket of Melbourne with no community amenities identified in current listings, so value tracks the individual home rather than any shared feature.
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 Sheridan Estates is best for.
Best for
- Buyers who want a Melbourne address and will judge each home on its updates and lot
- Value-minded buyers willing to take on a dated home and budget for improvements
- Long-hold owners who don't need shared amenities to justify the purchase
Probably not for
- Buyers who want a clubhouse, pool, or gated amenity package
- Anyone who needs a deep set of recent comps before they'll commit
- Buyers seeking a move-in-ready home with no appetite for condition variance
The market around Sheridan Estates
Sheridan Estates is too small for its own price trend, so here is the market around it.
In ZIP 32904, 233 homes are on the market and 28% are under contract — a steady corner of Melbourne.
Across Brevard County, 4,087 homes are active and 1,495 pending (27% under contract).
ZIP and county figures describe the wider market, not Sheridan Estates specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Sheridan Estates
Live MLS inventory for Sheridan Estates. 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 Sheridan Estates listings as of 2026-09-12, priced high to low. Based on information from the Space Coast MLS for the period 2005 through 2026. Tap any home to ask about it.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Roy Allen · Elementary
- Central · Middle
- Melbourne · High
Zoned schools reflect the assignments reported on recent Sheridan Estates listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Sheridan Estates address.
The Sheridan Estates buying strategy.
If we were buying in Sheridan Estates 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Sheridan Estates.
A condition-driven micro-market
Because no amenities were identified from current MLS listings, there is no clubhouse, pool, or gate to lean on when you set or defend a price. That puts the whole conversation back on the house: the state of the roof and mechanicals, whether the kitchen and baths have been touched, and how the lot lives. Expect a wide spread between updated and dated homes, and expect that spread to matter more here than in an amenity-heavy subdivision.
The thin recent activity — just a couple of closings in the window we track — means comps age quickly and a single sale can move the perceived market. Both sides should slow down and read each listing on its own terms rather than assuming a clean neighborhood pattern exists.
The location and the amenities are priced into every listing in Sheridan Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, thin-data pocket like Sheridan Estates, the analysis has to happen home by home. We underwrite each property on its condition and lot instead of leaning on a neighborhood average, and we will tell you plainly when a specific listing is priced ahead of what its updates support.
Sheridan Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
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 Sheridan Estates 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 Sheridan Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Sheridan Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Sheridan Estates home worth?
Get a no-obligation home value based on real comparable sales in Sheridan Estates, 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 all homes for sale in Melbourne →
28% of homes for sale in ZIP 32904 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-12).
Frequently Asked Questions
Is Sheridan Estates a buyer's or seller's market right now?
Who is the best real estate agent for Sheridan Estates?
How do I find a top Melbourne real estate agent who knows Sheridan Estates?
Can Momentum Realty connect me with an agent for Sheridan Estates?
Should you buy in Sheridan Estates?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Sheridan Estates with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 12, 2026) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2005 (21 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.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Sheridan Estates fits the bigger picture — live prices, inventory, and Momentum Scores: