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For SaleSingle Family Home
$762K
8438 Gullen Drive, Melbourne, FL 32940
Viera neighborhood
Subdivision: Reeling Park
4
Bedrooms
3
Bathrooms
2,536
Sq Ft
2024
Year Built
$300 /sqft

About This Property

Description from listing agent

Priced to move and ready for its next chapter. Reeling Park isn't just a neighborhood, it's a pace of life. Bike to Viera Elementary. Golf cart to dinner. In a community of mostly two-story courtyard homes, this rare single-story is one of a kind. This 4-bedroom, 3-bath home was built for flexibility and connection, with flexible spaces for every stage of life. Tile throughout, quartz countertops, upgraded pantry cabinetry, and a generous kitchen island anchor the heart of the home. Plantation shutters, glass cabinet inserts, and screened front and back porches add the finishing touches that set this apart from base builds. A private paver courtyard with a dedicated golf cart garage creates an unforgettable arrival, and your golf cart is always ready for the ride. Step outside to a professionally landscaped, fully fenced backyard. Shopping, restaurants, grocery & Starbucks are all within two miles. The Addison Village Club delivers two resort-style pools, pickleball, tennis, and more.

Space Coast Context

🚀 Launch Viewing — Good Views

25.8 mi from SLC-40

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

Aerospace Commute Guide
Northrop8.6 mi~19 min
L3Harris9.8 mi~22 min
SpaceX21.4 mi~48 min
Blue Origin21.4 mi~48 min
Lockheed21.6 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 10 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
17.2% above median
Median comparable close: $650,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
98.3% of list price
At that rate, a competitive offer ≈ $748,852
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 10 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
0.18 acres (7,841 sqft)
Full Baths
3
Garage
3 car (attached)
HOA Fee
$150/mo
Days on Market
295
MLS Area
217 - Viera West of I 95

Community & HOA

HOA

Schools

Elementary

Viera

Middle School

Viera Middle School

High School

Viera

Financial & Listing Details

Listed
Nov 7, 2025
Parcel #
26-36-21-Yk-000bb.0-0003.00
$762K

Listing Agent (for property info)

E
Eileen Olejarski
One Sotheby's International
321-508-1911
Call Listing Agent

Estimated Monthly Payment

$5,077/mo
Principal & interest
$4,015
Property taxes
$762
Insurance & HOA
$300

Based on a 6.90% rate, 30-year loan, and $762K price — down payment shown: $152,400.

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# 1061648

What's Nearby

grocery
Publix
0.6 mi away
pharmacies
Publix
0.6 mi away
dog parks
Viera Dog Park
0.7 mi away
dog parks
Viera Dog Park
0.7 mi away
schools
Quest Elementary School
0.7 mi away
schools
Pinecrest Academy Space Coast
0.8 mi away
dog parks
Central Bark Dog Park
1.1 mi away
restaurants
Paws On Pizzeria
1.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1061648 · Listing Broker: One Sotheby's International · 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.