Sierra Cove in Melbourne
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Photo via Space Coast MLS

Built fromLive Space Coast MLS dataUpdated twice daily

As of November 2026, Sierra Cove in Melbourne, FL has 2 homes for sale. Homes listed or recently sold were built 2020 - 2023; 15 of 15 report an HOA (median $60/mo); 1 of the 14 geocoded homes sit in a FEMA special flood hazard zone (median elevation 23 ft).

Live · Sierra Cove Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
1.1mo
Supply
3 to 6 months is the balanced band
0%
Under contract
Brevard: 24% (1,281 of 5,370)
2 · 0
For sale · pending
live counts, refreshed twice daily

Homes For Sale Right Now in Sierra Cove

Live MLS inventory for Sierra Cove. 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 Sierra Cove listings as of 2026-11-12, priced high to low. Based on information from the Space Coast MLS. Tap any home to ask about it.

Sierra Cove Housing Pulse · Momentum Research · as of November 8, 2026

Sierra Cove right now

🔴 Seller-leaning market. 1.1 months of supply and 0% of the inventory already under contract give sellers the pressure advantage.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 November 8, 2026. Confidence: Low (2 active and pending listings, 0 closed sales in 12 months).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated November 12, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The market around Sierra Cove

Sierra Cove is too small for its own price trend, so here is the market around it.

Across Brevard County, 4,089 homes are active and 1,281 pending (24% under contract).

ZIP and county figures describe the wider market, not Sierra Cove specifically. Momentum Research analysis of MLS records.

Listing locations from Space Coast MLS. Map data © OpenStreetMap contributors.

Community amenities as reported across Space Coast MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.

Schools

In short
  • Brevard County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Viera · Elementary
  • Viera Middle School · Middle
  • Viera · High

Zoned schools reflect the assignments reported on recent Sierra Cove 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 Sierra Cove address.

Recent Developments in Sierra Cove

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

Dev Momentum72/100 · High
  1. October 2026
    Retail & Dining

    Margarita Island opens in the former El Chico building on Evans Road, Melbourne

    The Mexican restaurant chain opened at 1751 Evans Road in Melbourne, its fourth Brevard location and seventh in Florida. It offers a full menu and a full-service bar.

    What it may mean for the marketA new sit-down dining option adds to restaurant choices along the Evans Road area of Melbourne. The project is about 8 miles southeast of Sierra Cove, elsewhere in Brevard County.

    Source: Space Coast Daily
  2. October 2026
    Market

    Brevard September home sales: single-family slows while condos and townhomes gain

    Space Coast Association of Realtors data show the September single-family median price at $380,000, up 0.5%, with closed sales down 2.5% to 818 and 3.5 months of supply. Condo and townhouse median price rose 6.9% to $272,500, with 172 closed sales and 5.9 months of supply.

    What it may mean for the marketTighter single-family supply and a firmer condo and townhouse segment point to differing inventory conditions across Brevard housing types. The site is about 4 miles northeast of Sierra Cove.

    Source: Space Coast Daily
  3. October 2026
    Infrastructure

    Brevard County Brightline station fully funded with $57 million federal grant

    The planned Brightline station in Cocoa, near State Road 528, is now fully funded after a federal grant of about $57 million. Cocoa will own the station and Brightline will operate it, linking Cocoa and Port Canaveral to South Florida destinations. No construction start date has been set, and officials expect to release more details in early 2027.

    What it may mean for the marketA passenger rail stop near SR 528 would add a regional transit option for commuters and visitors traveling between the Space Coast and other Florida metros. The site is about 12 miles north of Sierra Cove.

    Source: FOX 35 Orlando
  4. July 2026
    Retail & Dining

    Lakeside Social at Viera Town Center to bring a new waterfront community gathering place to Viera

    The Viera Company, in partnership with Rogue Wave Hospitality Group, is opening Lakeside Social at Viera Town Center, a waterfront venue featuring a wave-shaped central bar, a boathouse-style bar, and a curated food vendor park. A soft opening was set for early June 2026, with a grand opening celebration over Fourth of July weekend 2026.

    What it may mean for the marketA new waterfront food, bar, and entertainment venue adds dining and gathering capacity to Viera Town Center and broadens the local commercial mix. The project is about 3 miles northeast of Sierra Cove, elsewhere in Brevard County.

    Source: Viera
  5. June 2026
    Development

    Orlando Health announces plans to open a new hospital in Viera

    Orlando Health announced a seven-story, 240-bed hospital along with a three-story, 60,000-square-foot medical office building on a 40-acre health and wellness campus in Viera, between Lake Andrew Drive and I-95 south of Viera Boulevard. Construction was expected to begin in June 2026, with opening targeted as early as fall 2027.

    What it may mean for the marketA new hospital and medical office campus would add major healthcare infrastructure and construction activity to the Viera area. The site is about 3 miles north of Sierra Cove.

    Source: ClickOrlando
  6. May 2026
    Infrastructure

    Ellis Road widening from John Rodes Boulevard to Wickham Road advances to construction

    FDOT's project to widen Ellis Road from two to four lanes over about 1.8 miles between John Rodes Boulevard and Wickham Road in the Melbourne area had a construction letting scheduled for May 20, 2026, at an estimated construction cost of $57 million. The work includes new sidewalks, buffered bicycle lanes, new traffic signals, and drainage improvements.

    What it may mean for the marketWidening this corridor would increase road capacity and add sidewalks and bike lanes across a key West Melbourne and Melbourne connection. The project is about 9 miles southeast of Sierra Cove, elsewhere in Brevard County.

    Source: CFL Roads (FDOT)

Development alerts for Sierra CoveGet a short monthly email when something new is approved, funded, or opens near Sierra Cove.

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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 Sierra Cove today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Come strong and clean. Homes here move, so lead with your best terms and financing ready rather than a low anchor.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Sierra Cove.

A closer look at the Sierra Cove market

Inventory runs at 1.1 months of supply, a seller-leaning market.

“

The location and the amenities are priced into every listing in Sierra Cove. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Sierra Cove sales matched to your home.

What is your Sierra Cove home worth?

Get a no-obligation home value based on real comparable sales in Sierra Cove, 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 →

Real comps, not an automated estimate.

Recently off market in Sierra Cove

Homes in Sierra Cove that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 7 on record.

Sierra Cove key facts
LocationMelbourne, Brevard County, FL
Home types (current listings and sales)single-family 100%
Amenities listed by sellersClubhouse, Pickleball, Tennis Court(s), Playground, Basketball Court, Jogging Path
For sale right now2 active, 0 pending · median asking $762,450 · 1.1 months of supply

Data as of November 8, 2026. Based on information from the Space Coast MLS. Market figures describe homes, not residents. Cite as: Momentum Realty, “Sierra Cove key facts,” movewithmomentum.com/neighborhoods/sierra-cove-melbourne, data as of November 8, 2026.

Just listed in Sierra Cove

The newest homes for sale in Sierra Cove right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.

Checked against the MLS nightly. All new listings in this market.

Every Home for Sale in Sierra Cove Melbourne Right Now (3)

All 3 active and pending Sierra Cove Melbourne listings with a detail page, newest first, refreshed twice a day from the MLS.

Streets in this community

Street-level pages: every home on record, what sold and what is for sale on each street.

What it really costs to own in Sierra Cove

The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.

Property taxCurrent owners' bills run a median of $6,240/yr across 12 listings here (MLS tax records, 2026-11-12).
HOA duesMedian $60/month across 12 MLS listings (most billed semi-annually; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study.
Home and flood insuranceThe average Citizens Property Insurance premium in Brevard County is $2,348/yr (6,986 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 13 listing addresses checked against the FEMA flood map, 92% sit outside the high-risk zone and 8% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes).
Roof and ageMedian build year 2022 across 12 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes.

Estimated carrying cost at the median asking price, before the mortgage: about $776/month (tax $520, HOA $60, insurance $196). An estimate from the sources above, not a quote.

Email me new listings in Sierra Cove

One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.

Equal Housing Opportunity. Every community is open to everyone; alerts are about homes, never about who lives here.

Ask an agent about Sierra Cove

Have a question about the homes, fees, rules or commute here? A Momentum agent who works Sierra Cove will answer, and the answer is published on this page for the next buyer.

Property facts only: homes, fees, rules, commute. Every community is open to everyone; agents do not answer questions about who lives here.

Sierra Cove Market Scorecard

Balanced Market (limited data)

Sierra Cove is currently a balanced market (limited data). About 1.7 months of supply, a median asking price of $845,000.

1.7
Months supply
$845,000
Median list
$729,500
Median sold
$296
Per sqft
n/a
Days on mkt
3/0/21
Active/Pend/Sold

Typical home value in the 32940 ZIP is $490,982, about 6.7% 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 2026-11-12. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Is Sierra Cove a buyer's or seller's market right now?
As of November 8, 2026, Sierra Cove leans toward sellers: 1.1 months of supply at the current sales pace (Space Coast MLS live counts).
Who is the best real estate agent for Sierra Cove?
The best agent for Sierra Cove is one who actively works Melbourne and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Sierra Cove.
How do I find a top Melbourne real estate agent who knows Sierra Cove?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Sierra Cove and the wider Melbourne area.
Can Momentum Realty connect me with an agent for Sierra Cove?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Sierra Cove purchase or sale - no call center and no pressure.
Where is Sierra Cove, and what county is it in?
Sierra Cove is in Melbourne, Brevard County, FL. The community's center is about 11 miles northwest of the center of Melbourne (straight-line).
Is Sierra Cove in a flood zone?
Partly. Of 13 homes we sampled in Sierra Cove, 92% sit outside a FEMA Special Flood Hazard Area (Zone X) and 8% are inside one (Zone A or AE), where a lender requires flood insurance. Flood zones are drawn parcel by parcel, so check the exact address on FEMA's flood map before you close; the flood section on this page shows the community's mix.

Data sources & freshness

Live listingsSpace Coast MLS, refreshed twice daily (last: November 12, 2026)
Under-contract sharesSpace Coast MLS records, as of 2026-11-08

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. A Momentum agent can 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.

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Nearby Communities

Explore more neighborhoods near Sierra Cove with Momentum Realty’s local guides.

SCSendero Cove Sierra Cove At Addison Village0.2 mi awaySendero Cove0.3 mi awayFFFarallon Fields Viera0.4 mi away · 1 for saleAvalonia0.6 mi away · 232 homes, built 2020–24, 1 for saleKerrington0.7 mi away · 2 for saleTrasona0.9 mi away · 2 for saleLoren Cove0.9 mi away · 159 homes, built 2017–20, 10 for sale

Browse all neighborhood guides →

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