Sheridan Lakes
Homes for Sale in Melbourne, FL

Sheridan Lakes market snapshot (as of September 20, 2026): the median sale price is about $450K ($168 per sq ft over the trailing 12 months of closed sales), and a median 83 days on market for closed sales. The trailing-12-month median is up 7% from the prior 12 months and up 191% since 2012, computed from record-level Space Coast MLS closed sales (5 closings in the current window).

In ZIP 32904 (Melbourne), 2,187 homes closed in the last 12 months at a median of $319K ($189/sq ft), down 1.1% year over year, with a median 49 days on market. Right now 35 active and 10 pending listings put supply at about 5.1 months — a balanced market. See the live ZIP 32904 housing market and the Brevard County market.

County records show 10 qualified sales in Sheridan Lakes across 2024–2025 (7 in 2024, 3 in 2025), median $475,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Sheridan Lakes is a community of 165 homes in Melbourne, Brevard County, built between 2003 and 2006 (median 2004), with a median living area of about 2,992 square feet. 69% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Sheridan Lakes is a compact, single-vintage community of 166 homes in Melbourne, built in a three-year span in the mid-2000s and weighted toward larger floor plans. With no amenities identified from current listings, the draw here is square footage and a settled, owner-heavy street rather than shared facilities.

This is one of the more homogeneous communities you will find in Brevard: nearly every home was built between 2003 and 2006, with the median year at 2004, so structural systems, roofs, and mechanicals are broadly the same age across the neighborhood. That matters for both sides of a deal — inspection findings tend to rhyme, and the age of major components is worth a hard look. The median living area of almost 3,000 square feet means these are substantial houses, which is where the value story sits.

About 69% of homes are homesteaded, pointing to a stable, owner-occupied street rather than a rental-heavy one. Combine that with a soft market — 108 days to a typical sale and prices off 7.4% over the year — and you get a place where turnover is unhurried and negotiation is normal. The long arc has been strong; values are up 152% since 2012, though that is history, not a forecast of what comes next.

In a same-vintage community moving at 108 days on market, the deal is won on condition analysis and negotiation, not on beating a crowd. We know how to read the age-related risks these mid-2000s homes share, price a listing against the true median rather than wishful comps, and use a soft market to a buyer's advantage. When Sheridan Lakes is not the right fit for your budget or plans, we will say so.

Listings in this community report association dues of about $33 per month ($396 a year) — the median AssociationFee across 65 MLS records, normalised to a monthly figure; most are billed annually. 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, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.