Waterstone
Homes for Sale in Palm Bay, FL
All 1,176 homes for sale in Palm Bay, FL · median $340,000 · 462 homes for sale in 32909 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-11-08, 7 recorded sales closed at a median of $284,900, $172 per square foot, a median 29 days on market, sellers accepting 96% of original asking. At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $4,450 ($3,820 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; 28 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 · 5 sold/12 mo
- Waterstone Plat 1 Pud · 8 for sale · 10 sold/12 mo
- Courtyard at Waterstone · 7 for sale
- Courtyards at Waterstone · 3 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
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.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
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 November 8, 2026): the median sale price is about $285K ($172 per sq ft over the trailing 12 months of closed sales), and a median 29 days on market for closed sales.
In ZIP 32909 (Palm Bay), 705 homes closed in the last 12 months at a median of $320K ($193/sq ft), with a median 38 days on market. Right now 33 active and 13 pending listings. 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
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.
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.
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 →
| 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 | $284,900 median across 7 closed sales · $172 per sq ft |
| Days on market (closed sales) | 29 median |
| Owner-occupied (homestead) share | 73% |
Data as of November 8, 2026. Based on information from the Space Coast MLS for the period 2026 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 November 8, 2026.
More Palm Bay home searches
- All homes for sale in Palm Bay, FL
- Homes for sale in Brevard County, FL
- Palm Bay pool homes for sale
- Gated communities in Palm Bay
- Homes under $300K in Palm Bay
- Homes from $300K to $500K in Palm Bay
- Palm Bay home values: what is my house worth?
- ZIP 32909 housing scorecard
Palm Bay guides & data
- Market data
- Cost of living
- Best neighborhoods (ranked by data)
- Best neighborhoods
- Flood zones
- Property taxes (Brevard County)
- Homestead exemption (Brevard County)
- Home insurance cost
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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Recent Developments in Waterstone Brevard
Development, infrastructure, retail, and school activity affecting Waterstone Brevard, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Retail & Dining
Margarita Island opens in the former El Chico building on Evans Road, Melbourne
The Mexican restaurant chain opened at 1751 Evans Road in Melbourne, its fourth Brevard location and seventh in Florida. It offers a full menu and a full-service bar.
What it may mean for the marketA new sit-down dining option adds to restaurant choices along the Evans Road area of Melbourne. The project is about 6 miles north of Waterstone Brevard, elsewhere in Brevard County.
Source: Space Coast Daily - October 2026Market
Brevard September home sales: single-family slows while condos and townhomes gain
Space Coast Association of Realtors data show the September single-family median price at $380,000, up 0.5%, with closed sales down 2.5% to 818 and 3.5 months of supply. Condo and townhouse median price rose 6.9% to $272,500, with 172 closed sales and 5.9 months of supply.
What it may mean for the marketTighter single-family supply and a firmer condo and townhouse segment point to differing inventory conditions across Brevard housing types. The project is about 15 miles north of Waterstone Brevard, elsewhere in Brevard County.
Source: Space Coast Daily - October 2026Infrastructure
Melbourne starts a citywide road condition survey with a scanning van
City consultant Michael Baker International began driving every city-maintained road on Oct. 15 with LiDAR, 3D scanners and cameras. The survey should finish by the end of 2026, and the Pavement Management Plan will be updated by early 2027 to prioritize resurfacing.
What it may mean for the marketThe survey will set the resurfacing priority list that shapes road conditions and repair timing across Melbourne. The site is about 5 miles northeast of Waterstone Brevard.
Source: WFTV - 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 project is about 4 miles north of Waterstone Brevard, elsewhere in Brevard County.
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 project is about 3 miles northwest of Waterstone Brevard, elsewhere in Brevard County.
Source: WFTV - 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 project is about 5 miles north of Waterstone Brevard, elsewhere in Brevard County.
Source: CFL Roads (FDOT)
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.
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?
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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 November 8, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (9 streets, ZIP 32909)) |
| Under-contract shares | Space Coast MLS records, as of 2026-11-08 |
| Historical depth | Closed-sale records back to 2026 (7 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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