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Kingsmill, Melbourne FL 32934 Market Report

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

View Map

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 $164.00 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 two houses for sale in Kingsmill, a 3 bedroom, 2 bath, 2 car garage bank owned property with 1476 square feet of living listed at $154,900. The other property for sale is also a 3/2/2 with 1604 feet of living priced at $188,000. This home has a pool.

There are no houses currently under contract.

In 2014 there were 15 houses that sold in Kingsmill. Prices ranged from $105,200 to $195,000. Square footages were from 1484 feet under air to 2021 square feet of living. Two of the houses sold were short sales, 1 was a bank owned property and the other 12 were standard listings (considered non distressed sales). The average sales price for 2014 in Kingsmill was $168,800.

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.

Comments (12)

Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Sandy, this is an excellent overview of the Kingsmill Neighborhood and what the real estate market is doing there in Melbourne, Florida.  Love those ranch style homes on generous lots.  Two parks in the neighborhood and very low HOA fees are definitely a plus!!!  Hope you get some buyers and listings from this GREAT Kingsmill Community market report, Sandy!

Feb 03, 2015 06:59 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sandy

Kingsmill, is in an outstanding Melbourne Florida location.

Good luck and success.

Lou Ludwig

Feb 03, 2015 09:35 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Wow, a market report and great area piece; Sandy Shores Broker, Melbourne Real Estate is an area expert!

Feb 03, 2015 09:50 AM
John Pusa
Glendale, CA

Sandy - Thanks for the very helpful market report for Kingsmill, Melbourne.

Feb 03, 2015 10:12 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 information and the update for the Kingsmill community of Melbourne FL.

Feb 03, 2015 08:54 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Nice report and a fine post. Have a terrific day ahead.

Feb 03, 2015 10:17 PM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Thanks Bruce. I have lived in Kingsmill for the last 14 years. This is where we call home. We spoiled by wide streets, large lots, great neighbors and a prime location just minutes from shopping, dining and schools. We share this great place we many people who we know and love.

Feb 04, 2015 03:39 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Lou, you're right, Kingsmill really is an outstanding place! My sister and I built a house in Kingsmill in 1988. I left and came back. I just couldn't stay away.

Feb 04, 2015 03:40 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Paul, Kingsmill is a great community located in the Lake Washington area of Melbourne. I've been in this spot for 39 years, as it's my favorite place in Brevard.

Feb 04, 2015 04:05 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

John, and thank you for stopping by to check out Kingsmill.

 

Feb 04, 2015 04:06 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Gabe, We feel a bit spoiled being here in Kingsmill as we have everything we need right at our fingertips.

Feb 04, 2015 04:07 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

David, A wonderful day to you too! We're enjoying 70 degree weather here in our area right now. My heart goes out to those folks in the cold, Northern states.

Feb 04, 2015 04:08 AM