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For SaleSingle Family Home
$780K
8437 Gullen Drive, Melbourne, FL 32940
Viera neighborhood
Subdivision: Reeling Park
5
Bedrooms
5
Bathrooms
3,572
Sq Ft
2024
Year Built
$218 /sqft

About This Property

Description from listing agent

Highly motivated. THE best price-per-square-foot value in Reeling Park. This newer-built 2024 Mecina II courtyard home in Reeling Park South at Addison Village is move-in ready, over 3,500 sq ft, and priced as one of the strongest values in Viera. Offering 4 bedrooms, 4 full baths, a half bath, first-floor primary suite, study, and upstairs bonus room, this layout gives incredible flexibility with desirable separation between the primary suite, secondary bedrooms, and bonus space for guests, media, or a second living area. The gourmet kitchen features a 36-inch gas cooktop, wall oven/microwave combo, vented hood, quartz countertops, 42-inch white cabinets, center island, walk-in pantry, and farmhouse sink. The private courtyard is perfect for outdoor dining, quiet evenings, or gatherings. Addison Village Club membership includes resort-style pools, tennis, playgrounds, clubhouse amenities, and more.

Space Coast Context

🚀 Launch Viewing — Good Views

25.9 mi from SLC-40

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

Aerospace Commute Guide
Northrop8.6 mi~19 min
L3Harris9.8 mi~22 min
SpaceX21.4 mi~48 min
Blue Origin21.4 mi~48 min
KSC21.7 mi~48 min
Boeing/KSC21.7 mi~48 min
Lockheed21.7 mi~48 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
    $780K -1.3%
    $218/sqft
  • 6/10/26
    Price change
    $790K -0.6%
    $221/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
9.8% below market
Median comparable close price: $865,000
Typical Offer Discount
100.0% of list price
At that rate, a competitive offer ≈ $780,000
Price Reductions
2 reductions
Originally listed at $790,000 · Cut $15,000 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
0.13 acres (5,663 sqft)
Full Baths
4
Half Baths
1
Garage
2 car (attached)
HOA Fee
$676/mo
Days on Market
81
MLS Area
217 - Viera West of I 95

Community & HOA

HOA

Schools

Elementary

Viera

Middle School

Viera

High School

Viera

Financial & Listing Details

Listed
May 5, 2026
Parcel #
26-36-21-Yk-000cc.0-0004.00
$780K

Listing Agent (for property info)

R
Rachel Langley
Blue Marlin Real Estate
321-375-1211
Call Listing Agent

Estimated Monthly Payment

$5,716/mo
Principal & interest
$4,110
Property taxes
$780
Insurance & HOA
$826

Based on a 6.90% rate, 30-year loan, and $780K price — down payment shown: $156,000.

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# 1076527

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Equal Housing Opportunity

MLS# 1076527 · Listing Broker: Blue Marlin Real Estate · 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.