The Gables At Lake In The Woods
Homes for Sale in Melbourne, FL

A compact residential pocket within Melbourne's Lake In The Woods area, this is a defined single-community phase rather than a large master plan, and current MLS listings identify no shared amenities.

Space Coast MLS sales records identify 140 homes in The Gables At Lake In The Woods that have changed hands since 2004, built between 1986 and 1999 (median 1986), with a median living area of about 1,491 sq ft and a typical 3-bedroom, 2-bath layout; 98% are condominiums. 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.

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.

The Gables At Lake In The Woods is too small for its own price trend, so here is the market around it.

In ZIP 32901, 139 homes are on the market and 24% are under contract — a steady corner of Melbourne.

Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).

In ZIP 32901 (Melbourne), 194 homes closed in the last 12 months at a median of $290K ($202/sq ft), down 6.8% year over year, with a median 54 days on market. Right now 10 active and 5 pending listings put supply at about 3.4 months — a balanced market. See the live ZIP 32901 housing market and the Brevard County market.

ZIP and county figures describe the wider market, not The Gables At Lake In The Woods specifically. Momentum Research analysis of MLS records.

What you're buying here is the home and its Melbourne location, not a slate of community amenities — current MLS listings show none. That's not a knock; it typically means no amenity-driven HOA overhead, but it also means value lives entirely in the individual property. Walk the house, check the roof, HVAC, and any updates, and price your offer to those, because that's what actually sets value in a subdivision this size.

Because closings are sparse, expect a wide spread between a move-in-ready home and one that needs work, with condition doing most of the pricing. Do your own diligence on each listing rather than leaning on a neighborhood average that a handful of sales can't reliably support.

In a low-volume community like this, the edge is judgment, not a data dashboard. We read each home on its own condition, pull what limited local comparables exist, and tell you plainly when a price makes sense and when it doesn't — including when this isn't the right community for your goals.

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