Sheridan Lakes
Homes for Sale in Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Price in Sheridan Lakes is driven by size and condition, not location gimmicks. These are larger homes — the median living area sits near 2,992 square feet — built in a tight window from 2003 to 2006, so what separates one closing from another is how well a given house has been maintained and updated since. The median sits at $389,000, and at roughly $173 per square foot you are paying for space more than for finishes. Expect a wide spread around that median depending purely on how much work a home does or does not need.
The current posture favors patient buyers. The median home is taking around 108 days to sell, price is down 7.4% year over year, and the heat score of 23 says this is a slow, negotiable market. Sellers should price to the median realistically and plan for time on market rather than a quick bidding contest. Buyers have room to negotiate and little reason to rush.
Sheridan Lakes right now
🟡 Off the recent peak. The trailing-12-month median ($389K) is down 7.4% from the prior 12 months ($420K) and up 152% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending July 15. Confidence: Low (3 and 5 sales in the two windows).
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Updated July 15, 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 Lakes market snapshot (as of July 15, 2026): the median sale price is about $389K ($173 per sq ft over the trailing 12 months of closed sales), and a median 108 days on market for closed sales. The trailing-12-month median is down 7% from the prior 12 months and up 152% since 2012, computed from record-level Space Coast MLS closed sales (3 closings in the current window).
Sheridan Lakes is a community of 166 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.
Who Sheridan Lakes is best for.
Best for
- Buyers prioritizing interior space around the median price who can be patient on timing
- Move-up buyers comfortable budgeting for roof and mechanical updates on a mid-2000s home
- Long-hold buyers who want a stable, owner-occupied street and are not counting on a quick exit
Probably not for
- Buyers who need pool, clubhouse, or other shared amenities on site
- Anyone needing to resell quickly, given a soft market and long days on market
- Buyers wanting new construction or a single small floor plan rather than larger homes
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($389K) IS the median in the snapshot above, and the move from 2025 ($420K) IS the -7.4% one-year change.
Windows contain 3 to 16 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period %s through %s. Deemed reliable but not guaranteed.
The Sheridan Lakes buying strategy.
If we were buying in Sheridan Lakes 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 Sheridan Lakes.
A size-first community in a slow market
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.
The location and the amenities are priced into every listing in Sheridan Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Sheridan Lakes buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.9). Basis: Long-Term Appreciation +152% since 2012; Recent Direction -7.4% year-over-year; Owner Commitment 69% owner-occupied; Pricing Power 96.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
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.
Sheridan Lakes in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 Lakes 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 Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Sheridan Lakes, 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 Lakes home worth?
Get a no-obligation home value based on real comparable sales in Sheridan Lakes, 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
What is the median home price in Sheridan Lakes?
How long do homes in Sheridan Lakes take to sell?
How many homes are in Sheridan Lakes?
What share of Sheridan Lakes is owner-occupied?
When were the homes in Sheridan Lakes built?
Have Sheridan Lakes home prices gone up?
Who is the best real estate agent for Sheridan Lakes?
How do I find a top Melbourne real estate agent who knows Sheridan Lakes?
Can Momentum Realty connect me with an agent for Sheridan Lakes?
Should you buy in Sheridan Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending July 15, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2004 (225 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.
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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 your area comps.
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