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For SaleSingle Family Home
$625K
305 Pelican Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Melbourne Shores 2nd Addn
3
Bedrooms
2
Bathrooms
1,693
Sq Ft
2009
Year Built
$369 /sqft

About This Property

Description from listing agent

BRAND NEW ROOF 2026 on this custom-built Stanley home that features solid concrete block construction. Brand-new 2025 Trane A/C system has a 10-yr warranty. New hot water heater 2024. Inside and out, the home shines with ceramic tile floors throughout, including the pristine front and back screened porches. Cozy up beside the wood-burning fireplace, complete with a new stainless steel chimney cap. Abundant natural light streams through two Solatube skylights. Custom closets in bedrooms and kitchen pantry. New well 2021. Water treatment system and water softener provide excellent drinking water. The backyard is a private and quiet nature lover's dream, which blends in with the Maritime Hammock Sanctuary. Backyard has pergola and wood deck, plus a shed for extra storage. Enjoy sunrises and sunsets at the private, neighborhood parks. The oceanfront park has ample parking, plus an outdoor shower. The riverfront park boasts a fishing pier, boat ramp, and playground. Both parks have grills

Space Coast Context

🚀 Launch Viewing — Fair Views

41.8 mi from SLC-40

41.8 miles from SLC-40 — visible as a bright streak in good conditions.

Aerospace Commute Guide
L3Harris12.2 mi~27 min
Northrop13.5 mi~30 min
Blue Origin35.2 mi~1h 18m
Lockheed36.8 mi~1h 22m
SpaceX37 mi~1h 22m
Boeing/KSC39.5 mi~1h 28m
KSC40.3 mi~1h 30m

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High Risk

Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.

Estimated flood insurance: $2,000 – $6,000+ / 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
19.0% above median
Median comparable close: $525,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
95.6% of list price
At that rate, a competitive offer ≈ $597,678
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
0.22 acres (9,583 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$150/mo
Days on Market
161
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: MSPOA
  • Fee: $150 / annually

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Feb 6, 2026
Parcel #
29-38-15-Gy-00002.0-0029.00
$625K

Listing Agent (for property info)

L
Laura L Dowling Roy PA
Premier Properties Real Estate
321-223-4671
Call Listing Agent

Estimated Monthly Payment

$4,218/mo
Principal & interest
$3,293
Property taxes
$625
Insurance & HOA
$300

Based on a 6.90% rate, 30-year loan, and $625K price — down payment shown: $125,000.

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# 1068703

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Equal Housing Opportunity

MLS# 1068703 · Listing Broker: Premier Properties Real Estate · 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.