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Kingsmill Melbourne Florida 32934 Market Watch Report

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

Kingsmill in Melbourne Florida 32934 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 in Melbourne 32934 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 are currently four houses for sale in Kingsmill, listed between $99,900 and $199,900 between 1484 and 1834 living square feet under air.  Three of these homes are standard listings (not a bank foreclosure or short sale).  One is a foreclosure. Three of these homes have private pools. The listing on the house for $99,900 indicates that there is an apparent slab leak.

There are three house currently under contract for sale. The list prices are $174900, $185,000 and $190,000.  All three have private pools. Two of these are standard listings. One is a short sale.  Sizes range from 1868 to 1902 living square feet under air.  We don't know what the agreed upon price that was negotiated between buyer and seller until the property gets to closing.

There have been nine houses that have sold in Kingsmill this year.  Sold prices range from a short sale at $134,000 to $195,000.  Five of these were pool homes. Sizes range from 1568 square feet of living to 2021.   Seven of these were standard listings and 2 were short sales. 

In 2013, there were fifteen houses that 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.

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

What a great info piece and market watch Sandy. I have learned so much about your area from your blog posts..

Jul 01, 2014 03:38 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Thanks Paul. I love Kingsmill. It's a great place to live and it's centally located to all major conveniences. Houses that go up for sale in the neighborhood move off the market very quickly.

Jul 23, 2014 07:49 AM