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For SaleSingle Family Home
$250K
506 Walker Street, Melbourne, FL 32901
University Park neighborhood
Subdivision: Booker Heights Add 1
3
Bedrooms
2
Bathrooms
1,789
Sq Ft
1964
Year Built
$140 /sqft

About This Property

Description from listing agent

Opportunity awaits with this 3-bedroom, 2-bath home on an oversized .37-acre lot, featuring a roof and water heater replaced in 2024! The split-bedroom design provides added privacy, with a primary suite offering a walk-in closet and ensuite bath. Inside, a welcoming foyer leads to the spacious great room and dining area, while the bright galley-style kitchen features updated cabinetry. a skylight and adjoining breakfast nook with access to the covered patio. A versatile 13' x 9' flex room provides even more possibilities. Additional features include generous storage, an attached two-car garage and ample driveway parking. Conveniently located near Florida Tech and Downtown Melbourne, with the beach just a short drive away. Ready for your personal touch, this home offers plenty of space, a generous lot and exciting potential to make it your own!

Space Coast Context

🚀 Launch Viewing — Good Views

34.4 mi from SLC-40

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

Aerospace Commute Guide
L3Harris2.7 mi~6 min
Northrop4.4 mi~10 min
Blue Origin28.4 mi~1h 3m
SpaceX29.6 mi~1h 6m
Lockheed29.6 mi~1h 6m
Boeing/KSC31.5 mi~1h 10m
KSC32 mi~1h 11m

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
  • 8/28/26
    Listed
    $250K
    $140/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
35.1% above median
Median comparable close: $185,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
92.5% of list price
At that rate, a competitive offer ≈ $231,250
Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.37 acres (16,117 sqft)
Full Baths
2
Total Rooms
12
Garage
2 car (attached)
Days on Market
1
MLS Area
330 - Melbourne - Central

Schools

Elementary

University Park

Middle School

Stone

High School

Melbourne

Financial & Listing Details

Listed
Aug 28, 2026
Parcel #
28-37-10-03-00000.0-0356.00
$250K

Listing Agent (for property info)

A
Andy Mindel
RE/MAX Alternative Realty
321-212-9311
Call Listing Agent

Estimated Monthly Payment

$1,717/mo
Principal & interest
$1,317
Property taxes
$250
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $250K price — down payment shown: $50,000.

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# 1086151

What's Nearby

fire stations
Melbourne Fire Department Station 5
0.4 mi away
fire stations
Melbourne Fire Department Station 5
0.4 mi away
schools
Florida Institute of Technology Southgate Apartments
0.5 mi away
schools
Stone Middle School
0.5 mi away
schools
Melbourne Central Catholic High School
0.6 mi away
schools
Stone Middle School
0.6 mi away
restaurants
Dunkin' Donuts
0.6 mi away
schools
Florida Institute of Technology College of Business
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1086151 · Listing Broker: RE/MAX Alternative 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.