Suntree Bay
Homes for Sale in Melbourne, FL
All 714 homes for sale in Melbourne, FL · median $399,000 · 278 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of September 2026, the MLS records 29 closed sales in Suntree Bay in Melbourne, FL since 2004, the most recent in March 2026. Across Melbourne as a whole, 1,127 homes closed in the last 12 months at a median of $385,000, 44 median days on market, with 229 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,010 ($5,380 with the full homestead exemption).
Part of the Suntree master-planned community in Melbourne, FL — see all Suntree homes for sale (50 listings across 55 villages and sections in the MLS).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 24 (FL DOR 2025 assessment roll) |
| Years built | 1994–2003 (median 1997.0) |
| Typical living area | 2,830 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 79% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Suntree Bay key facts,” movewithmomentum.com/neighborhoods/suntree-bay, data as of September 20, 2026.
Suntree Bay is a small pocket in Melbourne where the current listing picture is thin, so price here is set less by neighborhood-wide comps and more by the condition and specifics of whatever individual home happens to be trading. With the MLS showing no shared amenities to anchor value, buyers are paying for the house itself — its updates, its lot, its layout — not for a resort-style package.
For sellers, the posture is straightforward: in a market this quiet on data, a well-prepared home stands out, and pricing to the actual condition matters more than chasing a round number. For buyers, the lack of a deep comp set means you lean harder on the specifics of the property in front of you. Either way, this is a market read one home at a time, not one built on a broad trend line.
Nearby homes for sale
No active listings inside Suntree BayHomes for Sale in Melbourne, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Suntree Bay is a modest community within Melbourne's Brevard County market, and with no amenities identified from current MLS listings, its appeal rests on the homes and the location rather than on shared facilities.
Space Coast MLS sales records identify 15 homes in Suntree Bay that have changed hands since 2009, built between 1994 and 2003 (median 1998), with a median living area of about 1,974 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 3 qualified sales in Suntree Bay across 2024–2025 (1 in 2024, 2 in 2025), median $479,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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 Suntree Bay is best for.
Best for
- Buyers focused on the individual home and lot rather than shared amenities
- Those comfortable underwriting a purchase on condition and specifics, not a broad comp trend
- Budgets that prioritize the house over community facilities or dues-funded extras
Probably not for
- Buyers who want an amenity-rich community with a pool or clubhouse
- Those who need a deep set of recent comps to feel confident on price
- Anyone counting on community features to carry resale value
The market around Suntree Bay
Suntree Bay is too small for its own price trend, so here is the market around it.
In ZIP 32940, 418 homes are on the market and 34% are under contract — a fast-moving corner of Melbourne.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not Suntree Bay specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Suntree Bay, Melbourne
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The Suntree Bay buying strategy.
If we were buying in Suntree Bay 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 Suntree Bay.
A house-by-house market
There is no amenity story to tell here — no clubhouse, pool, or community feature surfaces in the current listings — so the value conversation stays where it belongs, on the individual property. That means condition drives price. Two homes on the same street can sit far apart in value depending on updates, finishes, and how the lot lives.
Because the trading data is limited, both sides of a deal should treat Suntree Bay as a place to underwrite the specific home, not the label on the community. Do the work on the property: what has been maintained, what has been deferred, and how it compares to nearby Melbourne inventory. That diligence is where the real answer lives.
The location and the amenities are priced into every listing in Suntree Bay. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a community has a thin data trail and no amenity package to lean on, generic pricing advice fails. We underwrite Suntree Bay the way it should be underwritten — one home at a time, against the broader Melbourne and Brevard picture — and we will tell you plainly when a specific property does not justify its ask or when your goals point you somewhere else.
Suntree Bay in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $20/month (about $240/yr) · median of 13 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $20 per month ($240 a year) — the median AssociationFee across 13 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.
Tools for a Suntree Bay 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 Suntree Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Suntree Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Suntree Bay home worth?
Get a no-obligation home value based on real comparable sales in Suntree Bay, 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
How many homes are in Suntree Bay?
What share of Suntree Bay is owner-occupied?
When were the homes in Suntree Bay built?
Who is the best real estate agent for Suntree Bay?
How do I find a top Melbourne real estate agent who knows Suntree Bay?
Can Momentum Realty connect me with an agent for Suntree Bay?
Where is Suntree Bay, and what county is it in?
Should you buy in Suntree Bay?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (29 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.
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See how Suntree Bay fits the bigger picture — live prices, inventory, and Momentum Scores:
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