Waterstone Homes for Sale
Modern master-planned community with multiple gated neighborhoods and resort-style amenities, with school assignments set by the local school district.
Homes for sale in Waterstone
Inside Waterstone
Waterstone is a master-planned community spanning multiple gated neighborhoods in Palm Bay, Brevard County. The development includes four distinct sub-communities-Heron Bay, The Lakes, Courtyards at Waterstone, and Gardens at Waterstone-each built by established developers including Pulte Homes, KB Home, Landsea Homes, and Adams Homes between 2022 and 2024. The community features 47 currently available homes priced from $295,000 to $515,000, with typical asking prices around $372,000.
The subdivision’s signature appeal lies in its layered amenities and modern design. Residents access a clubhouse, heated resort-style pool with cabana, state-of-the-art fitness center, and media room. Active recreation includes tennis courts, pickleball courts, basketball courts, and shuffleboard. Walking trails, playgrounds, and community parks anchor the lifestyle experience. Most homesites include preserve or lake views, and all homes are built to Energy Star standards for efficiency.
School zoning varies by sub-neighborhood but generally points to elementary, middle, and high school campuses inside the Brevard Public Schools district. Zoning is assigned by address rather than by subdivision, so check the specific property with the district. Proximity to I-95 provides quick access to Melbourne’s shopping and dining, with beaches 12 to 20 miles away and Orlando attractions within one hour.
HOA fees range from $55 to $340 monthly depending on the sub-community and property type, reflecting the extensive amenities and maintenance. Select phases carry no CDD (Community Development District) fees. While short-term rental policies vary by subdivision, buyers should verify restrictions with their specific phase. Waterstone’s recent activity shows homes selling within 125 days on average at 99% of asking price, signaling a stable market attractive to move-up and new-construction buyers.
The facts
Frequently asked
What is the price range for homes in Waterstone?
Homes in Waterstone currently range from $295,000 to $515,000, with an average asking price of around $372,000 based on recent market activity. Prices vary by sub-community and home size, from townhomes around 1,860 square feet to single-family homes exceeding 3,200 square feet. Contact a Market Connect Realty agent for current inventory and pricing in your preferred neighborhood.
Is Waterstone a gated community?
Yes, Waterstone comprises multiple gated sub-communities, including Heron Bay, The Lakes, Courtyards at Waterstone, and Gardens at Waterstone. Each enclave features controlled entry gates for security and privacy. Some sections emphasize this amenity more prominently in marketing; confirm gating specifics with your listing agent for your desired area within Waterstone.
What schools are zoned for Waterstone?
Homes in Waterstone are generally zoned within Brevard Public Schools for all three grade levels. Zoning may vary slightly by sub-community and address, so verify your specific school assignments with the district or your agent before making an offer to ensure they meet your family's needs.
What are the HOA fees in Waterstone?
HOA fees in Waterstone range from $55 to $340 monthly depending on the sub-community and property type. Single-family homes typically range from $86 to $340, while townhomes run around $326. Fees cover common area maintenance, landscaping, pool, fitness center, security, and amenities. Some sections carry no CDD fees, reducing total obligation. Confirm current rates with your builder or HOA.
What amenities does Waterstone offer?
Waterstone residents enjoy a clubhouse, heated resort-style pool with cabana, state-of-the-art fitness center, media room, and tot lot. Sports facilities include tennis courts, pickleball courts, basketball court, and shuffleball. Walking trails, playgrounds, community parks, and scenic gathering areas round out the lifestyle offerings. Some phases feature preserve or lake views and dog-friendly spaces.
How many homes are in Waterstone?
Waterstone is a substantial master-planned community with approximately 200 homes across four sub-neighborhoods. Currently, 47 homes are listed for sale, indicating an active market. The community continues to develop, particularly in newer phases like Courtyards and Gardens at Waterstone, built between 2022 and 2024. Check with local agents for current occupancy and available inventory.
Is short-term rental allowed in Waterstone?
Short-term rental policies vary by sub-community within Waterstone. Some sections may restrict rentals to longer terms or owner-occupancy only, while others may be more permissive. Review the specific HOA rules and deed restrictions for your chosen neighborhood. A Market Connect Realty agent can clarify rental policies before you purchase.
What year was Waterstone developed?
Waterstone's development began in 2022 and is ongoing through 2024. The master-planned community was built in phases by multiple developers: Pulte Homes (Heron Bay), KB Home and Landsea Homes (Gardens at Waterstone), and Adams Homes (Courtyards at Waterstone). This phased approach means some neighborhoods are fully built while newer sections continue releasing homesites.