The Gables Ii At Lake In The Woods
Homes for Sale in Melbourne, FL
All 738 homes for sale in Melbourne, FL · median $396,950 · 108 homes for sale in 32901 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 2026, the MLS records 19 closed sales in The Gables Ii At Lake In The Woods Ph Iii in Melbourne, FL since 2007, the most recent in February 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 Lake in the Woods master-planned community in Melbourne, FL — see all Lake in the Woods homes for sale (0 listings across 6 villages and sections in the MLS).
Part of the Gables at Lake in the Woods, Melbourne, FL — see all the Gables at Lake in the Woods homes for sale (0 listings across 6 sections in the MLS).
The number that anchors this pocket is a median around $190,000, with a median just over $160 per square foot. Read together, those tell you price here is driven more by size and condition than by any premium the address commands. There are no community amenities showing up in current MLS listings, so you are paying for the home itself, not a shared package.
The posture is slow. A median of 98 days on market is a long runway by Space Coast standards, and closings have been thin in the recent window. For a buyer, that means time to inspect, negotiate, and avoid overpaying. For a seller, it means condition and pricing discipline do the heavy lifting — the market is not going to bail out an ambitious ask.
Nearby homes for sale
No active listings inside The Gables Ii At Lake In The WoodsHomes 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
The Gables II at Lake in the Woods Ph III is a small, quiet pocket of Melbourne in Brevard County where pricing tracks the individual home rather than any shared amenity offering. Expect a patient market and a spread in values that comes down to condition.
Space Coast MLS sales records identify 83 homes in The Gables Ii At Lake In The Woods that have changed hands since 2004, built between 1986 and 2001 (median 1987), with a median living area of about 1,265 sq ft and a typical 2-bedroom, 2-bath layout; 99% 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.
Who The Gables Ii At Lake In The Woods is best for.
Best for
- Value-focused buyers around the $190,000 median who want to negotiate on a patient timeline
- Buyers comfortable taking on a home that needs work in exchange for a lower condition-driven price
- Long-hold owners who do not need amenities and want to control their monthly costs
Probably not for
- Sellers who need to move quickly given the near-100-day median on market
- Buyers who want pools, clubhouses, or other shared amenities on site
- Anyone counting on rapid resale or short-term price momentum
The market around The Gables Ii At Lake In The Woods
The Gables Ii 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 Ii At Lake In The Woods specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in The Gables Ii At Lake In The Woods Ph Iii, 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.
Recent Developments in The Gables Ii At Lake In The Woods Ph Iii
Development, infrastructure, retail, and school activity affecting The Gables Ii At Lake In The Woods Ph Iii, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Retail & 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 13 miles north of The Gables Ii At Lake In The Woods Ph Iii, elsewhere in Brevard County.
Source: Viera - June 2026Development
Proposed Brevard County USL soccer stadium would anchor new mixed-use development
Developers unveiled plans for an 8,000-seat professional soccer stadium along West NASA Boulevard by Melbourne Orlando International Airport as the home of the Space Coast Soccer Club. The complex would include restaurants and retail space, with a targeted opening in spring 2028 and about 20 to 25 professional matches per year.
What it may mean for the marketA new stadium and mixed-use complex would add restaurant, retail, and event space to this part of Melbourne and expand the local commercial and entertainment footprint. The site is about 2 miles northwest of The Gables Ii At Lake In The Woods Ph Iii.
Source: FOX 35 Orlando - June 2026Development
West Melbourne's Space Coast Town Center Expands
The 225-acre Space Coast Town Center on U.S. 192 and Interstate 95 in West Melbourne is advancing a new phase called The Landing, which will feature a grocery anchor, retail shops, restaurants, and roughly 300 apartments. When fully built, the overall development is planned to include more than 2,000 residential units, 300 hotel rooms, office space, and retail.
What it may mean for the marketA new phase adds grocery, retail, dining, and apartment capacity to this mixed-use center and expands the local commercial base at a major highway interchange. The site is about 3 miles west of The Gables Ii At Lake In The Woods Ph Iii.
Source: WFTV - June 2026Development
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 project is about 13 miles northwest of The Gables Ii At Lake In The Woods Ph Iii, elsewhere in Brevard County.
Source: ClickOrlando - May 2026Infrastructure
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 site is about 2 miles northwest of The Gables Ii At Lake In The Woods Ph Iii.
Source: CFL Roads (FDOT) - May 2026Builder Activity
Builder charts course for Cape Canaveral homes with rooftop terraces to watch launches
Miami-based EverHome Living plans 94 three-story townhouses off Astronaut Boulevard along the Banana River in Cape Canaveral, with prices starting around $650,000 and units of roughly 2,800 square feet. Groundbreaking is targeted for the end of 2026, with sales beginning in early 2027.
What it may mean for the marketA new townhouse community would add for-sale housing supply along the Banana River in Cape Canaveral. The project is about 22 miles north of The Gables Ii At Lake In The Woods Ph Iii, elsewhere in Brevard County.
Source: Homes.com News
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.
The The Gables Ii At Lake In The Woods buying strategy.
If we were buying in The Gables Ii At Lake In The Woods 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 The Gables Ii At Lake In The Woods.
A condition-driven pocket that rewards patience
With no amenities identified in current listings, the value story here is straightforward: what you buy is the house and the lot, and the median near $160 per square foot reflects that. Homes that show well and need little work sit at one end of the range; anything deferred or dated sits well below. Because the sample is small and closings have been limited lately, a single unusual sale can skew the appearance of the market, so treat any one comp with caution.
The 98-day median tells you sellers are not finding instant demand, which shifts leverage toward a prepared buyer. That extended timeline is an opening — room to walk the property twice, order the inspections you want, and structure an offer without the pressure of a bidding contest. Sellers, in turn, should price to the honest condition of the home from day one; the data does not support testing a high number and waiting.
The location and the amenities are priced into every listing in The Gables Ii At Lake In The Woods. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin recent closings and a wide condition-driven spread make this the kind of pocket where a single bad comp can mislead you in either direction. We read the individual homes, not just the median, and we price and negotiate to the actual condition in front of us — which matters most where the market moves slowly and there is no amenity premium to hide behind.
The Gables Ii At Lake In The Woods in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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 The Gables Ii At Lake In The Woods 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 The Gables Ii At Lake In The Woods sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Gables Ii At Lake In The Woods, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your The Gables Ii At Lake In The Woods home worth?
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Should you buy in The Gables Ii At Lake In The Woods?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2007 (19 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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Common questions about The Gables Ii At Lake In The Woods
Where is The Gables Ii At Lake In The Woods?
The Gables Ii At Lake In The Woods is a community in Melbourne, Brevard County, Florida, ZIP 32901.
Are there homes for sale in The Gables Ii At Lake In The Woods right now?
No active listings inside The Gables Ii At Lake In The Woods at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does The Gables Ii At Lake In The Woods have an HOA or CDD?
No HOA is on record for The Gables Ii At Lake In The Woods in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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