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For SaleSingle Family Home
$470K
946 Shaw Circle, Melbourne, FL 32940
Viera neighborhood
Subdivision: Magnolia Springs Phase 2
3
Bedrooms
2
Bathrooms
1,870
Sq Ft
2000
Year Built
$251 /sqft

About This Property

Description from listing agent

FABULOUS NEW PRICE! Impeccably maintained 3-bedroom, 2-bath lakefront home with 1,900 sq ft offers the perfect blend of private single-family living with country club-style amenities. The oversized garage (2' extension) +expanded driveway with beautifully sealed pavers add to the curb appeal, while the screened front porch provides a clean, bug-free entry. Inside, the open floor plan flows seamlessly to sliders with stunning lake views and a large screened porch under a trussed roof with an open-air section and additional paved patio under a pergola. Insurance Below $2k a year - The home features hardwood flooring throughout with tile in wet areas, recessed lighting, three solar tubes, Leaf Filters Just Installed oon ALL Gutters, Minka Air ceiling fans, solid brass light fixtures, ALL IMPACT RATED Windows, Doors, & Sliders, +upgraded NEW privacy window screens. Kitchen offers Custom Cabinets, Quartz countertops and backsplash, upgraded GE appliances, LG washer and dryer convey.

Space Coast Context

🚀 Launch Viewing — Good Views

22.9 mi from SLC-40

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

Aerospace Commute Guide
Northrop9.2 mi~21 min
L3Harris10.8 mi~24 min
Blue Origin18.2 mi~41 min
SpaceX18.3 mi~41 min
Lockheed18.6 mi~41 min
Boeing/KSC19 mi~42 min
KSC19.2 mi~43 min

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
  • 9/26/25
    Listed
    $470K
    $251/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 9 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
5.6% above median
Median comparable close: $445,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
98.6% of list price
At that rate, a competitive offer ≈ $463,609
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 9 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
0.15 acres (6,534 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$56/mo
Waterfront
Yes
Days on Market
287
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

  • Name: Springs
  • Fee: $56 / monthly

Schools

Elementary

Quest

Middle School

Kennedy

High School

Viera

Financial & Listing Details

Listed
Sep 26, 2025
Parcel #
26-36-02-76-00000.0-0087.00
$470K

Listing Agent (for property info)

K
Karen Nierenberg
1 Percent Lists FL's Finest
321-243-2443
Call Listing Agent

Estimated Monthly Payment

$3,152/mo
Principal & interest
$2,476
Property taxes
$470
Insurance & HOA
$206

Based on a 6.90% rate, 30-year loan, and $470K price — down payment shown: $94,000.

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# 1058130

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Equal Housing Opportunity

MLS# 1058130 · Listing Broker: 1 Percent Lists FL's Finest · 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.