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For SaleCondominium
$220K
1480 Roosevelt Avenue #201, Melbourne, FL 32901
University Park neighborhood
Subdivision: River Oaks Condo
3
Bedrooms
2
Bathrooms
1,206
Sq Ft
1987
Year Built
$182 /sqft

About This Property

Description from listing agent

Beautifully situated End unit Riverfront condo with Screened Balcony in a private & tranquil gated community. On a raised level overlooking the river, This 3-bed, 2full-bath condo has the most magnificent views over an expansive section of the Indian River. With a New HVAC system & carpet installed, With some minor cosmetic updates of your choosing will make this an incredible home. The building is set in an incredible garden like setting overlooking the river & private sandy beach within a lovely residential neighborhood, but close to downtown Melbourne with all the amenities it has to offer. With the gorgeous community pool, you can easily cool off or enjoy the Florida sun. There's a designated launch area for kayaks and paddleboards, thus it easy to get out on the water. This pet-friendly community is conveniently close to local shops, dining,& entertainment. Plus, you can watch rocket launches right from your screened Balcony! Schedule your showing today. A Non Smoking Property!

Space Coast Context

🚀 Launch Viewing — Good Views

34.3 mi from SLC-40

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

Aerospace Commute Guide
L3Harris3.3 mi~7 min
Northrop4.6 mi~10 min
Blue Origin28.1 mi~1h 3m
SpaceX29.4 mi~1h 6m
Lockheed29.4 mi~1h 6m
Boeing/KSC31.5 mi~1h 10m
KSC32.1 mi~1h 12m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 1/7/26
    Listed
    $220K
    $182/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

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.06 acres (2,614 sqft)
Full Baths
2
Stories
4
HOA Fee
$605/mo
Waterfront
Indian River
Days on Market
155
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: River Oaks Condo
  • Fee: $605 / monthly

Schools

Elementary

University Park

Middle School

Stone

High School

Melbourne

Financial & Listing Details

Listed
Feb 1, 2026
Parcel #
28-37-11-01-000g1.0-0011.06
$220K

Listing Agent (for property info)

K
Ken Bennett
RE Florida Homes, LLC
240-899-0356
Call Listing Agent

Estimated Monthly Payment

$2,134/mo
Principal & interest
$1,159
Property taxes
$220
Insurance & HOA
$755

Based on a 6.90% rate, 30-year loan, and $220K price — down payment shown: $44,000.

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# 1065741

Interested in this property?

Equal Housing Opportunity

MLS# 1065741 · Listing Broker: RE Florida Homes, 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.