Madison Midtown Brings New Luxury Living to Melbourne, FL: What Buyers and Investors Should Know
A major transformation is on the horizon for Melbourne, Florida. Madison Capital Group is turning the former Sears site at 1034 South Babcock Street into Madison Midtown—a 240-unit, Class A luxury apartment community that promises to reshape the local real estate landscape.
As a top-performing real estate agent in Melbourne, Florida, I’m keeping close tabs on this development—and here’s why you should too if you’re a first-time homebuyer in Melbourne, real estate investor in Melbourne, or simply looking to relocate to the Space Coast.
A New Era of Development in Melbourne
Madison Midtown will replace the now-defunct Sears building with a 14-acre luxury community featuring one-, two-, and three-bedroom apartments. Each unit will offer high-end finishes like granite countertops, stainless steel appliances, high ceilings, full-sized washer/dryers, and chef-inspired kitchens.
Community amenities include:
* Resort-style pool with cabanas
* Clubhouse with a demo kitchen
* Bark park and dog wash station
* Cyber lounge with workspaces
* Outdoor kitchen and grilling areas
* 24-hour package lockers and secured parking
If you’re looking for new construction homes, a Melbourne agent with local insight can help you understand how this project compares to otherhomes for sale in Melbourne, Florida.
Prime Location Near Melbourne’s Key Employers
Located in the heart of the Melbourne, Florida real estate market, Madison Midtown is within walking distance of the Publix-anchored Melbourne Shopping Center, Melbourne High School, and only minutes from Melbourne Beach. Major employers like Northrop Grumman, L3Harris, Collins Aerospace, and Holmes Regional Medical Center are just around the corner. This project adds more inventory to a market that’s already seeing growth in waterfront homes in Melbourne, Florida, historic homes in Melbourne, and condos with luxury amenities.
A Market Watch: What It Means for Buyers and Sellers
The Space Coast rental market is thriving, with the average rent in Melbourne hitting \$1,560/month in late 2024. Madison Midtown’s premium amenities are expected to command even higher rents, making it an attractive target for Melbourne investment property realtors* and developers alike
For buyers, this project reinforces strong property value growth and continued demand. If you’re curious how this affects your own home’s value, I offer **property evaluations in Melbourne, Flori and full market analysis as a Melbourne Realtor.
Thinking of selling? This is a great time to get a head start—ask me how you can sell your home with a top Melbourne, Florida Realtor while demand is on the rise.
Looking to Buy, Sell, or Invest in Melbourne?
Whether you’re interested in buying a house in Melbourne, Florida, relocating to the area, or exploring luxury homes along the Melbourne waterfront, this new development highlights how fast the market is evolving.
As a trusted real estate agent in Melbourne, Florida, I specialize in:
Helping first-time homebuyers in Melbourne
Assisting investors find profitable rental and multifamily options
*Guiding relocation clients as a Melbourne real estate expert
*Representing sellers as a Melbourne home selling specialist
*Providing tailored real estate consultations in Melbourne
Ready to make your next move?
As a highly rated real estate professional in Melbourne with proven results and stellar client reviews, I’d be honored to help you navigate the market. Whether it’s new construction, waterfront properties, or a condo investment, I’m your go-to contact for everything real estate in Melbourne.
🔍 Let’s talk strategy. Let’s talk Space Coast.
Contact the best Realtor in Melbourne, Florida today for your personal consultation and property insights.