Stillwater Preserve market snapshot (as of June 17, 2026): the median sale price is about $964K ($259 per sq ft), a buyer-leaning market (limited data). Based on 2 recent closings in live Space Coast MLS data.
Stillwater Preserve is a deed-restricted custom-estate subdivision in Malabar, in the 32950 ZIP, reported to comprise about 74 homesites ranging from roughly one to three acres. It is recorded in the Brevard County plat records and built around seven lakes and a conservation area that runs through the community.
This is an acreage-and-custom-home read rather than a production-tract one. Many homesites are reported to back to one of the lakes, to the central conservation area, or to state-owned land to the west and northwest, giving the community a private, rural feel. Homes are larger custom builds, with a reportedly modest monthly HOA; confirm the current amount, what it covers, and any build covenants for a specific parcel.
The lot is the story here. In an acreage-estate community, the size of the parcel and what it backs to, lake, preserve, or state land, are scarce and cannot be reproduced, and they are the part of the value the market gives back at resale far more than the floor plan.
Because homes are custom and the community is rural in feel, treat each property on its own terms. Confirm the lot acreage, the water or preserve backing, well and septic versus utilities, and the HOA and covenants with the listing.
