1 / 7
For SaleLand / Lot
$244K
1502 Lavender Drive, Melbourne, FL 32940
Duran Golf Community neighborhood
Subdivision: Aripeka
0
Bathrooms

About This Property

Description from listing agent

A rare opportunity to own one of the last available homesites with this spectacular lake and preserve view in the prestigious, gated community of Aripeka at Viera. This expansive .31-acre lot offers exceptional privacy, breathtaking sunset views, and a tranquil natural backdrop, creating an ideal setting for a custom luxury residence. Buyers may purchase the lot now and choose to build immediately or wait up to three years to begin construction. Homes must be built with the approved luxury custom builder. Build the TBB on MLS #1067162, select from one of our thoughtfully designed floor plans, or custom build your dream home tailored to your vision. Aripeka is a golf cart-friendly community known for preserved trees, nature trails, and distinctive architecture, ideally located near shopping, dining, I-95, beaches, and A-rated schools.

Space Coast Context

🚀 Launch Viewing — Good Views

25.7 mi from SLC-40

25.7 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
Northrop8 mi~18 min
L3Harris9.2 mi~21 min
Blue Origin21.1 mi~47 min
SpaceX21.2 mi~47 min
Lockheed21.4 mi~48 min
KSC21.7 mi~48 min
Boeing/KSC21.7 mi~48 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
32.6% above median
Median comparable close: $184,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
92.5% of list price
At that rate, a competitive offer ≈ $225,608
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.31 acres (13,504 sqft)
HOA Fee
$750/mo
Days on Market
204
MLS Area
217 - Viera West of I 95

Community & HOA

HOA

Schools

Elementary

Viera

Middle School

DeLaura

High School

Viera

Financial & Listing Details

Listed
Feb 4, 2026
Parcel #
26-36-22-25-0000l.0-0004.00
$244K

Listing Agent (for property info)

K
Kelly Ann Riese
Avanti Way Realty LLC
321-986-7371
Call Listing Agent

Estimated Monthly Payment

$2,430/mo
Principal & interest
$1,286
Property taxes
$244
Insurance & HOA
$900

Based on a 6.90% rate, 30-year loan, and $244K price — down payment shown: $48,800.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1068508

What's Nearby

dog parks
Viera Dog Park
0.7 mi away
dog parks
Viera Dog Park
0.7 mi away
schools
Quest Elementary School
0.8 mi away
restaurants
Paws On Pizzeria
1.0 mi away
parks
Paws On Playground
1.0 mi away
grocery
Publix
1.1 mi away
pharmacies
Publix
1.1 mi away
restaurants
Dunkin'
1.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1068508 · Listing Broker: Avanti Way Realty LLC · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.