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For SaleSingle Family Home
$975K
5297 Solway Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Indian Landing Riverside
4
Bedrooms
3
Bathrooms
2,900
Sq Ft
2005
Year Built
$336 /sqft

About This Property

Description from listing agent

Elegant, larger, waterfront home in manicured, gated Indian Landing, an Ocean to River community in the nature rich zone of friendly Melbourne Beach. This home features 2 boat docks ! A deeded wet slip with a lift that will accommodate up to a 22' boat & one directly behind the home, which is perfect for soaking in our beautiful Florida skies over the water and launching kayaks, stand up paddle boards, etc into the open River at the end of the canal. A generous screened lanai features a sparkling, private, salt system pool and stand alone hot tub, as well as lots of covered area to enjoy some fresh, coastal air. User friendly floor plan highlighted by the primary suite + a 4th bedroom or office on the ground floor & an oversize bonus suite/ potential 5th bedroom + a balcony upstairs. Lots more to love here, so come on down.. the price is right!

Space Coast Context

🚀 Launch Viewing — Fair Views

40.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.2 mi~25 min
Northrop12.5 mi~28 min
Blue Origin34.3 mi~1h 16m
Lockheed35.8 mi~1h 20m
SpaceX36 mi~1h 20m
Boeing/KSC38.5 mi~1h 26m
KSC39.3 mi~1h 28m

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

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
3
Garage
2 car (attached)
HOA Fee
$419/mo
Waterfront
Canal Navigational to Indian River
Pool
Yes
Days on Market
178
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: Indian Landing
  • Fee: $419 / monthly

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jan 20, 2026
Parcel #
29-38-10-84-0000i.0-0032.00
$975K

Listing Agent (for property info)

D
David Settgast
One Sotheby's International
321-543-1187
Call Listing Agent

Estimated Monthly Payment

$6,681/mo
Principal & interest
$5,137
Property taxes
$975
Insurance & HOA
$569

Based on a 6.90% rate, 30-year loan, and $975K price — down payment shown: $195,000.

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# 1066797

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Equal Housing Opportunity

MLS# 1066797 · 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.