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Market Report for Kingsmill in Melbourne FL

By
Real Estate Broker/Owner with M & M Realty of Brevard Inc. BK629999

Kingsmill, located just off of Lake Washington Road is a quiet, well maintained community of over 300 houses built between 1986 and 1988. It is situated between Parkway Drive and Aurora Road, just west of Wickham Road in Melbourne Florida.

Kingsmill is just minutes to shopping, dining, churches and schools. Publix grocery store is within walking distance. Access to I-95, US 1 and the causeways to the beach are within 5 minutes.

Kingsmill Melbourne FL Drive 10 minutes to Indian River

 The Indian River Lagoon and beaches are within 10 to 12 minutes driving distance.

Kingsmill Melbourne FL Drive minutes to beaches

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The west end of the community boasts custom built homes by Joyal and Tiffany Builders. Several of the homes are situated on half acre sites. The other homes in the neighborhood were built by Maronda Homes.

Kingsmill association fees are currently $142.00 per year, per house. This covers maintenance of the common grounds, the 2 parks, and the retention ponds that border the east and west side of the neighborhood.

 

Kingsmill Melbourne Florida by Sandy Shores

There is currently one house for sale in Kingsmill, listed at $179,900 at 1690 living square feet under air.

There is one house currently under contract for sale. The list price on it is $143,000.  We don't know what the agreed upon price that was negotiated between buyer and seller until the property gets to closing.

In 2013, there were fifteen houses that have sold at prices from $113,000 to $177,500.  Square footages range from 1576 under air to 2083 living square feet. Two of the houses sold were short sales, a 4 bedroom, 2 bath at $113,000 and a 3 bedroom, 2 bath at $134,000.  (A short sale is when a seller's mortgage company agrees to take today's market value for a home, and writes off the difference between the selling price and the owners mortgage balance.)  A 3 bedroom, 2 bath was a bank owned property that sold for $135,000.  The other twelve sales were traditional sales.  The average sales price for 2013 in Kingsmill was $143,560. 

There were 12 houses sold in Kingsmill in 2012. The sales prices ranged from $105,000 a short sale at 1554 square feet of living to $180,000, a standard listing (not a foreclosure or a short sale) that was completely remodeled, with a pool at 1868 sq. ft.  Eight of the 12 sales were traditional sellers, and 4 were short sales (where the owners owed more on the houses than they were worth in today's market.)  4 of the 12 were pool homes. The average sales price in 2012 was $140,880. 

Kingsmill Melbourne FL Ride your bike to Wickham Park

Ride your bicycle to Wickham Park. Take your dog to the dog park.  Go walking, jogging, biking or swimming. Play horseshoes, volleyball, disc golf.  Shoot archery. Go camping, have a picnic or a birthday party.  Ride your horse.

Kingsmill Melbourne FL Watch amazing sunsets at Lake Washingtion

Ride your bicycle to Lake Washington and launch your boat, go fishing,

have a picnic, play in the park and watch amazing sunsets.

 

Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sandy

Thanks for sharing the real estate report for Kingsmil, in Melbourne Florida.

Good luck and success.

Lou Ludwig

Jan 22, 2014 07:33 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sandy, thanks for the excellent Market Report for Kingsmill in Melbourne FL.

Jan 22, 2014 08:53 PM