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For SaleSingle Family Home
$749K
1502 Tralee Bay Avenue, Melbourne, FL 32940
Viera neighborhood
Subdivision: Tralee Bay Shores Phase 1
3
Bedrooms
3
Bathrooms
2,264
Sq Ft
2011
Year Built
$331 /sqft

About This Property

Description from listing agent

Exceptional lakefront home located in the prestigious gated community of Tralee Bay Estates. Upon entering the home the waterview is breathtaking. This meticulously maintained 3 bedroom, 2.5 bath home offers over 2200 square feet of thoughtfully designed living space blended w/ elegance & comfort. Gourmet chef's kitchen w/ upgraded cabinets, granite, backsplash, Subzero refrigerator, GE monogram gas cooktop, double Wolf wall ovens & huge walk in pantry. Gorgeous brazilian cherrywood floors in main living area. Spacious primary suite serves as a private retreat w/ 2 California closets & luxurious spa style bath w/ soaking tub & multi jet shower system. Step outside to your huge screened lanai w/ solar heated saltwater pool & spa & outdoor kitchen w/ lake views. Peace of mind w/ full house generator, accordion hurricane shutters & hurricane curtain for lanai. HOA includes landscape lawn, shrubs & trees maintenance. AC 2024, garage door 2024, & exterior paint 2025.

Space Coast Context

🚀 Launch Viewing — Good Views

22.6 mi from SLC-40

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

Aerospace Commute Guide
Northrop9.9 mi~22 min
L3Harris11.5 mi~26 min
SpaceX18.1 mi~40 min
Blue Origin18.1 mi~40 min
Lockheed18.3 mi~41 min
Boeing/KSC18.5 mi~41 min
KSC18.7 mi~42 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.

Price History

Date
Event
Price
  • 6/27/26
    Price change
    $749K -2.7%
    $331/sqft
  • 6/10/26
    Price change
    $770K -0.6%
    $340/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
2 reductions
Originally listed at $770,000 · Cut $26,000 total
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
0.26 acres (11,326 sqft)
Full Baths
2
Half Baths
1
Garage
2 car
HOA Fee
$1800/mo
Waterfront
Yes
Pool
Yes
Days on Market
64
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

  • Name: Trallee Bay- Capron Ridge - Sentry Management
  • Fee: $1,800 / annually

Schools

Elementary

Quest

Middle School

Kennedy

High School

Viera

Financial & Listing Details

Listed
May 14, 2026
Parcel #
26-36-02-28-000ii.0-0006.00
$749K

Listing Agent (for property info)

J
June Mogavero
RE/MAX Aerospace Realty
321-514-7690
Call Listing Agent

Estimated Monthly Payment

$6,645/mo
Principal & interest
$3,946
Property taxes
$749
Insurance & HOA
$1,950

Based on a 6.90% rate, 30-year loan, and $749K price — down payment shown: $149,800.

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# 1077303

Interested in this property?

Equal Housing Opportunity

MLS# 1077303 · Listing Broker: RE/MAX Aerospace 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.