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For SaleSingle Family Home
$725K
113 Margarita Road, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Floridana Beach 5th Addn
3
Bedrooms
2
Bathrooms
1,436
Sq Ft
1978
Year Built
$505 /sqft

About This Property

Description from listing agent

*** Seller offering a $10,000 buyer credit toward a rate buy-down or any use you choose! *** Welcome home to this beautifully renovated Spanish-style retreat, perfectly situated in one of Brevard County's most sought-after barrier island communities. From the moment you step through the front door, warm Saltillo tile, soaring vaulted ceilings, and an effortless open floorplan set the tone for coastal living at its finest. This 3-bedroom, 2-bath home has been completely renovated from top to bottom, blending Old World Spanish charm with modern comfort. A striking brick fireplace anchors the main living space, while the split floorplan offers privacy for everyone under one roof,including two separate living areas, perfect for movie nights, entertaining, or simply spreading out.

Space Coast Context

🚀 Launch Viewing — Fair Views

43.3 mi from SLC-40

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

Aerospace Commute Guide
L3Harris13.9 mi~31 min
Northrop15.2 mi~34 min
Blue Origin36.7 mi~1h 22m
Lockheed38.3 mi~1h 25m
SpaceX38.5 mi~1h 26m
Boeing/KSC41.1 mi~1h 32m
KSC41.9 mi~1h 33m

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
  • 8/26/26
    Price change
    $725K -0.0%
    $505/sqft
  • 8/13/26
    Listed
    $725K
    $505/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
At market value
Median comparable close price: $730,000
Typical Offer Discount
97.5% of list price
At that rate, a competitive offer ≈ $706,414
Price Reductions
1 reduction
Originally listed at $724,900 · Cut $100 total
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
0.34 acres (14,810 sqft)
Full Baths
2
Garage
2 car (attached)
Fireplaces
1
HOA Fee
$100/mo
Pool
Yes
Days on Market
13
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: Floridana Beach Civic Association
  • Fee: $100 / annually

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Aug 13, 2026
Parcel #
29-38-23-76-00021.0-0027.00
$725K

Listing Agent (for property info)

C
Chaleah Gehrman
Denovo Realty
321-349-4013
Call Listing Agent

Estimated Monthly Payment

$4,794/mo
Principal & interest
$3,819
Property taxes
$725
Insurance & HOA
$250

Based on a 6.90% rate, 30-year loan, and $725K price — down payment shown: $144,960.

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# 1084971

What's Nearby

gas stations
Marathon
0.3 mi away
restaurants
Subway
0.3 mi away
fire stations
Aquarina Fire / Rescue Station 65
1.1 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1084971 · Listing Broker: Denovo Realty · 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.