Waterstone
Homes for Sale in Palm Bay, FL
All 1,154 homes for sale in Palm Bay, FL · median $342,995 · 465 homes for sale in 32909 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-09-20, 13 recorded sales closed at a median of $310,000, $170 per square foot, a median 29 days on market, sellers accepting 96% of original asking (+7% versus the prior year). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $4,840 ($4,210 with the full homestead exemption).
Villages & sections of Waterstone
Waterstone in Palm Bay, FL is a master-planned community recorded as 9 named villages and sections in the MLS; 27 homes are for sale or pending across them today. Each village has its own page with its listings, sales history and HOA/CDD facts.
- Gardens at Waterstone · 13 for sale · 19 sold/12 mo
- Courtyard at Waterstone · 8 for sale
- Waterstone Plat 1 Pud · 6 for sale · 10 sold/12 mo
- Courtyards at Waterstone · 5 sold/12 mo
- Courtyards at Waterstone Ph I · 3 sold/12 mo
- Waterstone Plat 3 Pud Heron Bay Phase 2 · 3 sold/12 mo
- Gardens at Waterstone
- Heron Bay at Waterstone
- Waterstone
| Location | Palm Bay, Brevard County, FL · ZIP 32909 |
|---|---|
| Homes in the community | 439 (FL DOR 2025 assessment roll) |
| Years built | 2006–2024 (median 2012) |
| Typical living area | 2,687 sq ft (median) |
| Sale prices, last 12 months | $310,000 median across 13 closed sales · $170 per sq ft · +6.9% vs the prior 12 months |
| Days on market (closed sales) | 29 median |
| Owner-occupied (homestead) share | 73% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2008 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Waterstone key facts,” movewithmomentum.com/neighborhoods/waterstone--brevard, data as of September 20, 2026.
Waterstone sits in Palm Bay with a median around $315,000 and a median of roughly $172.50 per square foot. With no community amenities surfacing from current MLS listings, price here is driven by the house itself — square footage, condition, and finish level — rather than by shared facilities or lifestyle add-ons. That means the spread between a dated and an updated home can be wide, and the median tells you the middle, not what any specific listing will command.
The market posture is measured, not frantic. A median of 55 days on market and a heat score of 34 point to a market where buyers have time to think and sellers need to price with discipline. Values are up 5.3% year over year and 125% since 2012, so the long arc has been strong, but the current tempo rewards patience on both sides over urgency.
Waterstone right now
🟡 Still climbing. The trailing-12-month median ($310K) is up 6.9% from the prior 12 months ($290K) and up 144% since 2012. With about 19 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Medium (13 and 7 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 28, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Waterstone 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
Waterstone market snapshot (as of September 20, 2026): the median sale price is about $310K ($170 per sq ft over the trailing 12 months of closed sales), and a median 29 days on market for closed sales. The trailing-12-month median is up 7% from the prior 12 months and up 144% since 2012, computed from record-level Space Coast MLS closed sales (13 closings in the current window).
In ZIP 32909 (Palm Bay), 2,098 homes closed in the last 12 months at a median of $319K ($189/sq ft), down 1.5% year over year, with a median 51 days on market. Right now 55 active and 12 pending listings put supply at about 4.7 months — a balanced market. See the live ZIP 32909 housing market and the Brevard County market.
County records show 66 qualified sales in Waterstone across 2024–2025 (48 in 2024, 18 in 2025), median $380,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Waterstone is a community of 439 homes in Palm Bay, Brevard County, built between 2006 and 2024 (median 2012), with a median living area of about 2,687 square feet. 73% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Waterstone is a residential pocket of Palm Bay where the home you buy — its condition and size — does the heavy lifting on value, since current listings show no shared amenities to lean on. Expect a market that moves deliberately rather than at a sprint.
Who Waterstone is best for.
Best for
- Buyers around the mid-$300s who want maximum house rather than shared facilities
- Value-minded buyers willing to weigh condition against price per square foot
- Long-hold owners comfortable with a market that moves at a deliberate pace
Probably not for
- Buyers set on pools, clubhouses, or gated community amenities
- Anyone needing to close fast in a hot, low-inventory scramble
- Buyers who want to skip inspections and comparison of condition entirely
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($310K) IS the median in the snapshot above, and the move from 2025 ($290K) IS the +6.9% one-year change.
Windows contain 7 to 41 sales each (13 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period 2008 through 2026. Deemed reliable but not guaranteed.
21% of homes for sale in ZIP 32909 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
The Waterstone buying strategy.
If we were buying in Waterstone 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 Waterstone.
What sets the price in Waterstone
With amenities off the table as a value driver, pricing in Waterstone comes down to the fundamentals: how many square feet you get, how the home has been maintained, and how recently it has been updated. At a median near $172.50 per square foot, the difference between a turnkey home and a project shows up directly in the number, so comparing list prices without comparing condition will mislead you.
The pace backs this up. A 55-day median on market and a heat score of 34 describe a market with breathing room — not distressed, but not overheated either. That is a setting where well-prepared, correctly priced homes still transact, while overpriced or deferred-maintenance listings sit. Buyers can negotiate; sellers who prep and price honestly are the ones who close.
The location and the amenities are priced into every listing in Waterstone. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Waterstone buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (7.8). Basis: Long-Term Appreciation +144% since 2012; Recent Direction +6.9% year-over-year; Owner Commitment 73% owner-occupied; Pricing Power 96.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Because value in Waterstone is condition-driven rather than amenity-driven, the work is in the comps: matching square footage and finish level accurately so you are not paying updated-home money for a project, or leaving room on the table as a seller. We read this market off the actual closings and the 55-day pace, and we tell you when a listing is priced for a faster market than the one in front of you.
Waterstone 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 Waterstone 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 Waterstone sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waterstone, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waterstone home worth?
Get a no-obligation home value based on real comparable sales in Waterstone, 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 Palm Bay →
Frequently Asked Questions
What is the median home price in Waterstone?
How long do homes in Waterstone take to sell?
How many homes are in Waterstone?
What share of Waterstone is owner-occupied?
When were the homes in Waterstone built?
Have Waterstone home prices gone up?
Who is the best real estate agent for Waterstone?
How do I find a top Palm Bay real estate agent who knows Waterstone?
Can Momentum Realty connect me with an agent for Waterstone?
Where is Waterstone, and what county is it in?
Is Waterstone a good place to live?
Should you buy in Waterstone?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (9 streets, ZIP 32909)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2008 (276 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 Waterstone fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Waterstone with Momentum Realty’s local guides.