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For SaleSingle Family Home
$1.9M
327 Island Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Riverside Landing of S Brevard
3
Bedrooms
6
Bathrooms
3,131
Sq Ft
1994
Year Built
$623 /sqft

About This Property

Description from listing agent

Experience the ultimate Florida waterfront lifestyle in this extensively renovated direct Intracoastal riverfront pool home located in Melbourne Beach's desirable ocean-to-river community of Riverside Landing. One of only 5 shoreline homes, this move-in ready residence offers 3,131 sq. ft. w/ 3 main-floor bedrooms, a bonus suite w/ full bath & efficiency kitchen, 4 full & 2 half baths, soaring ceilings & spectacular sunset views. The open floor plan features a chef's kitchen w/ granite countertops, oversized island, Viking cooktop, double ovens, wine cooler, walk-in pantry & breakfast nook overlooking the river. The primary suite includes 2 walk-in closets, lanai access & a spa-like bath w/ Italian marble, soaking tub & walk-in shower. Enjoy a heated screened pool, brick paver lanai, outdoor shower, cabana bath & brand-new rooftop crow's nest. Recent improvements include a newer tile roof, HVAC, wood-look tile flooring, boulder seawall & complete hurricane protection w/ impact windows,

Space Coast Context

🚀 Launch Viewing — Fair Views

39.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris10.3 mi~23 min
Northrop11.5 mi~26 min
Blue Origin33.4 mi~1h 14m
Lockheed34.9 mi~1h 18m
SpaceX35 mi~1h 18m
Boeing/KSC37.5 mi~1h 24m
KSC38.3 mi~1h 25m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 7/22/26
    Listed
    $1.9M
    $623/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
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
0.44 acres (19,166 sqft)
Full Baths
4
Half Baths
2
Garage
2 car
HOA Fee
$1000/mo
Waterfront
Indian River
Pool
Yes
Days on Market
5
MLS Area
385 - South Beaches

Community & HOA

HOA

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jul 22, 2026
Parcel #
29-38-03-53-00000.0-0035.00
$1.9M

Listing Agent (for property info)

C
Carolyn Smith
Compass Florida LLC
321-271-0870
Call Listing Agent

Estimated Monthly Payment

$13,374/mo
Principal & interest
$10,274
Property taxes
$1,950
Insurance & HOA
$1,150

Based on a 6.90% rate, 30-year loan, and $1.9M price — down payment shown: $390,000.

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# 1083082

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Equal Housing Opportunity

MLS# 1083082 · Listing Broker: Compass Florida LLC · 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.