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For SaleSingle Family Home
$525K
205 Rita Boulevard, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Ocean Edge Colony
3
Bedrooms
3
Bathrooms
2,274
Sq Ft
1978
Year Built
$231 /sqft

About This Property

Description from listing agent

Experience Island Life in Melbourne Beach! This is what a true coastal retreat feels like. Just Reduced! Now offered at $525,000. Set on a rare double lot in Ocean Edge Colony, this 4-bedroom home offers space, flexibility, and a relaxed pace of living, all within close proximity to the beach. Here, the coastal lifestyle isn't just a weekend activity, it becomes part of your everyday routine. Morning walks, ocean breezes, and the ability to come and go with ease create a sense of balance that's hard to replicate. Inside, the home is designed for comfortable, low-maintenance living. Tile and laminate flooring provide durability and easy maintenance, and the layout connects naturally, making daily life and entertaining feel effortless.

Space Coast Context

🚀 Launch Viewing — Fair Views

36.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris7.2 mi~16 min
Northrop8.3 mi~18 min
Blue Origin30.2 mi~1h 7m
Lockheed31.7 mi~1h 11m
SpaceX31.8 mi~1h 11m
Boeing/KSC34.2 mi~1h 16m
KSC35 mi~1h 18m

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
    $525K -4.5%
    $231/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
1 reduction
Originally listed at $525,000 · Cut $25,000 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
Days on Market
143
MLS Area
384 - Indialantic/Melbourne Beach

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Apr 8, 2026
Parcel #
28-38-21-Gf-00004.0-0014.00
$525K

Listing Agent (for property info)

R
Robert T. Hunt
Keller Williams Space Coast
407-252-9978
Call Listing Agent

Estimated Monthly Payment

$3,441/mo
Principal & interest
$2,766
Property taxes
$525
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $525K price — down payment shown: $105,000.

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# 1074099

What's Nearby

fire stations
South Beach Fire / Rescue Station 64
0.9 mi away
grocery
Publix
1.3 mi away
schools
Gemini Elementary School
1.6 mi away
restaurants
El Super Mofongo Resbaloso
2.1 mi away
restaurants
El Platanito
2.3 mi away
government
Malabar Town Hall
2.5 mi away
government
Council Chambers
2.5 mi away
government
Town Administrators Office
2.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1074099 · Listing Broker: Keller Williams Space Coast · 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.