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For SaleCondominium
$150K
1001 W Eau Gallie Boulevard #228, Melbourne, FL 32935
Croton Road Area neighborhood
Subdivision: Spring Creek Condo No 5
2
Bedrooms
2
Bathrooms
1,058
Sq Ft
1979
Year Built
$142 /sqft

About This Property

Description from listing agent

WOW ! Waterfront under 160k Really a light-filled second-floor condo where peaceful river views and Florida wildlife create a truly relaxing setting. From your private balcony, enjoy the sights and sounds of the water, and a variety of coastal birds that gather along the shoreline. The community sits on navigable waterways that lead directly to the Indian River Lagoon, making it a wonderful spot for kayaking, fishing, birdwatching, and soaking in the natural beauty right outside your door. Inside, the condo features a bright, spacious open-concept living area that maximizes the water views. The large living-dining space flows seamlessly to the balcony, creating an airy, inviting environment perfect for relaxing or entertaining. Laminate flooring runs throughout the home, giving the space a clean, cohesive feel while keeping maintenance simple. along with the convenience of an in-unit laundry area. Located on the second floor, this unit is positioned close to both

Space Coast Context

🚀 Launch Viewing — Good Views

30.2 mi from SLC-40

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

Aerospace Commute Guide
Northrop0.5 mi~1 min
L3Harris1.9 mi~4 min
Blue Origin24.5 mi~55 min
SpaceX25.5 mi~57 min
Lockheed25.5 mi~57 min
Boeing/KSC27.1 mi~1h
KSC27.6 mi~1h 2m

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
0.05 acres (2,178 sqft)
Full Baths
2
Total Rooms
4
HOA Fee
$573/mo
Waterfront
Eau Gallie River
Pool
Yes
Days on Market
171
MLS Area
321 - Lake Washington/S of Post

Community & HOA

HOA

Schools

Elementary

Croton

Middle School

Johnson

High School

Eau Gallie

Financial & Listing Details

Listed
Mar 10, 2026
Parcel #
27-37-21-25-0000a.1-0001.56
$150K

Listing Agent (for property info)

S
Stuart M Brown
RE/MAX Elite
321-508-0600
Call Listing Agent

Estimated Monthly Payment

$1,663/mo
Principal & interest
$790
Property taxes
$150
Insurance & HOA
$723

Based on a 6.90% rate, 30-year loan, and $150K price — down payment shown: $29,980.

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# 1071488

What's Nearby

fire stations
Melbourne Fire Station 71
0.1 mi away
restaurants
Oh! Biscuit
0.2 mi away
restaurants
Starbucks
0.3 mi away
coffee shops
Starbucks
0.3 mi away
restaurants
Subway
0.3 mi away
government
Eau Gallie Post Office
0.4 mi away
restaurants
McDonald's
0.5 mi away
home improvement
Ace Hardware
0.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1071488 · Listing Broker: RE/MAX Elite · 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.