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For SaleSingle Family Home
$285K
1501 Whitecap Way, Melbourne, FL 32935
Bowe Gardens neighborhood
Subdivision: Catalina
3
Bedrooms
2
Bathrooms
1,232
Sq Ft
1977
Year Built
$231 /sqft

About This Property

Description from listing agent

Move-in ready and available now! This beautifully updated 3-bedroom, 2-bath home is ideally located in the heart of Melbourne's desirable Eau Gallie district. Step through the front door and you'll immediately notice the beautiful, updated plank tile flooring that flows seamlessly from the spacious living room into the dining area and kitchen. The well-appointed kitchen features custom cabinetry, granite countertops, a stunning tiled backsplash, and a four-piece stainless steel appliance package. Relax and enjoy Florida living from the truss-covered, screened-in porch overlooking the fully fenced backyard--perfect for morning coffee, entertaining, or unwinding after a long day. Location doesn't get much better! Conveniently situated near major employers, popular restaurants, shopping, entertainment, and Florida's beautiful beaches, this home offers the ideal combination of comfort, style, and convenience. Roof replaced 2022.

Space Coast Context

🚀 Launch Viewing — Good Views

29.9 mi from SLC-40

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

Aerospace Commute Guide
Northrop1.1 mi~2 min
L3Harris2.4 mi~5 min
Blue Origin24.2 mi~54 min
SpaceX25.1 mi~56 min
Lockheed25.2 mi~56 min
Boeing/KSC26.7 mi~1h
KSC27.1 mi~1h

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.

Price History

Date
Event
Price
  • 8/16/26
    Listed
    $285K
    $231/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
6.0% below market
Median comparable close price: $303,000
Typical Offer Discount
99.8% of list price
At that rate, a competitive offer ≈ $284,277
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 3 comparable sales 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
0.17 acres (7,405 sqft)
Full Baths
2
Garage
1 car (attached)
Days on Market
60
MLS Area
323 - Eau Gallie

Schools

Elementary

Croton

Middle School

Johnson

Financial & Listing Details

Listed
Aug 16, 2026
Parcel #
27-37-17-78-0000b.0-0019.00
$285K

Listing Agent (for property info)

P
Peter Nezol
Waterman Real Estate, Inc.
321-557-4519
Call Listing Agent

Estimated Monthly Payment

$1,936/mo
Principal & interest
$1,501
Property taxes
$285
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $285K price — down payment shown: $56,980.

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# 1085164

What's Nearby

dog parks
Pieloch
0.2 mi away
schools
Eau Gallie High School
0.2 mi away
fire stations
Eau Gallie Fire / Rescue Station 66
0.3 mi away
schools
Dr WJ Creel Elementary
0.6 mi away
schools
Croton Elementary School
0.6 mi away
restaurants
Su Preferido
0.6 mi away
vets
Animal Emergency and Critical Care Center of Brevard
0.7 mi away
schools
Johnson Middle School
0.8 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1085164 · Listing Broker: Waterman Real Estate, Inc. · 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.