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Updated October 16, 2026 11:14AM EST

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Days on MarketDOM

43Days | -16%
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Active InventoryAI

4,481 Homes | -20%
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Median Sales PriceMSP

$656,000 | 7%
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New ListingsNL

1,453 Homes | -5%
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1,132 Homes | -3%
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Dollar VolumeDV

$1.5B | 25%
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Months of InventoryMOI

3.6 Months | -28%
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1,062 Homes | -14%
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University Estates Melbourne

A subdivision of Melbourne.

Total Homes : 99

Gated : No

Club Membership : No

No-Fee Community : No

University Estates Melbourne, Melbourne, FL Homes for Sale

LOCATION PRICE BEDS BATHS $/SQFT
LOCATION PRICE BEDS BATHS $/SQFT
3015 Marshall Dr | University Estates $260,000 3 2 $157 -

3015 Marshall Dr | University Estates

$260,000

3 beds, 2 baths, 1,848sqft, $157/sqft

University Estates Melbourne Map

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Discover the Lifestyle of University Estates Homes

University Estates is an established residential subdivision in central Melbourne, Florida, with approximately 99 homes. The neighborhood is conveniently positioned near Florida Institute of Technology, Downtown Melbourne, shopping, restaurants, parks, and major roads connecting residents with other parts of the Space Coast.

University Estates Homes for Sale primarily consist of established single-family residences on individual lots. The neighborhood’s streets include Tulane Avenue, Cornell Avenue, Auburn Avenue, Alabama Drive, Marshall Drive, and nearby connecting streets, giving the community an easy-to-recognize residential layout.

About University Estates

University Estates is a standalone subdivision rather than a neighborhood within a larger master-planned community. The homes have an established character, with properties dating primarily to the 1970s and later improvements and renovations contributing to the variety seen throughout the neighborhood.

The community is located in the 32901 area of Melbourne, west of the Indian River and close to several of the city’s established commercial and residential districts. Florida Avenue, Babcock Street, Dairy Road, U.S. 192, and other major routes provide access to Downtown Melbourne, shopping areas, restaurants, parks, and destinations throughout the city.

Homes vary in appearance and condition, with individual properties offering features such as screened outdoor areas, private pools, fenced yards, garages, and updated interiors. These features are specific to individual residences rather than shared community amenities.

History of University Estates

University Estates is an established Melbourne neighborhood with homes dating back to the 1970s. Property records show residences in the subdivision dating from the mid-to-late 1970s, with additional homes and renovations occurring over the years.

The neighborhood’s established streetscape and existing homes reflect an earlier period of Melbourne’s residential development. Many properties have since been updated, while retaining the overall layout and character of the original subdivision.

Amenities

University Estates does not have a large private amenity complex. Recreation and everyday conveniences are instead provided primarily by individual properties and the surrounding Melbourne area.

  • Established residential streets with approximately 99 homes
  • Non-gated community
  • No required private club membership
  • Individual homes may include private pools, screened patios, fenced yards, and other outdoor improvements
  • Nearby public parks and recreational facilities
  • Convenient access to Downtown Melbourne and surrounding shopping and dining
  • Nearby access to the Indian River waterfront and other Space Coast recreation

Key Details

  • Community type: Established residential subdivision
  • Property types: Single-family homes
  • Total homes: Approximately 99
  • Parent community: None
  • Gated: No
  • Club membership: No required private club membership
  • Location: Melbourne, Florida 32901
  • Association: Association information should be confirmed for the individual property
  • Major roads: Florida Avenue, Babcock Street, Dairy Road, U.S. 192, and surrounding Melbourne roadways

Nearby Communities

Wyndham Lake Estates is a small established Melbourne subdivision with approximately 22 homes. It offers another compact residential setting within the broader Melbourne market.

Woodshire Preserve is a larger established subdivision with approximately 165 homes. The neighborhood provides a different scale of residential development while remaining within the Melbourne area.

Woodland Oaks is a smaller Melbourne subdivision with approximately 24 homes. Its established residential setting provides another nearby option for comparing properties and neighborhood character.

Work with Echo Fine Properties

Explore available homes in University Estates and compare current listings, property features, and neighborhood details with Echo Fine Properties. For a specific property, reviewing the home’s condition, improvements, and applicable association information can help provide a clearer picture of the purchase.

University Estates Melbourne Homes for Sale FAQs

Where is University Estates located?

University Estates is located in central Melbourne, Florida, in the 32901 area. The subdivision is near Florida Avenue and Babcock Street, with convenient connections to U.S. 192, Dairy Road, Downtown Melbourne, and other parts of the city. Its location also places shopping, dining, parks, and recreation within the surrounding Melbourne area.

Is University Estates a gated community?

No. University Estates is not a gated community. The neighborhood consists of established residential streets with individual single-family properties.

Does University Estates have a homeowners association?

Association information should be verified for the specific property being considered. Public listing records for individual homes have not consistently identified a required HOA fee, so buyers should review the current property documents and listing information before making an offer.

What amenities are available in University Estates?

University Estates does not have a large shared amenity package. Instead, recreation and outdoor features are primarily found at individual homes, while public parks, waterfront areas, shopping, dining, and other recreational destinations are available throughout Melbourne.

What types of homes are available in University Estates?

University Estates is primarily made up of established single-family homes. Many residences date from the 1970s, although individual properties have been renovated or otherwise updated over the years. Features and architectural details vary from one home to another.

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