About This Property
Description from listing agentYour own private waterfront estate in the Town of Melbourne Beach! Set on .78 acres on a barrier island between the Atlantic Ocean & Intracoastal Waterway, this extraordinary Indian River estate delivers the ultimate Florida lifestyle. Enjoy a newly renovated 2025 heated pool & spa, a summer kitchen, private dock, boat lift & unforgettable sunsets over the water. Nearly 5,600 SFL of light-filled living features soaring ceilings, walls of glass, expansive entertaining spaces & a chef's kitchen with oversized island. Offering 3BD + flex/media room, 3 full & 2 half baths, plus an oversized 3-car garage with ceiling height for car lifts. Boat, paddle, swim, entertain, or relax by the river, then walk, bike, or golf cart to the beach, restaurants & shopping. River access to the ocean is less than 30 minutes away through the Sebastian Inlet. A rare opportunity to experience luxury waterfront living in the charming town of Melbourne Beach, where every day feels like a vacation!
Space Coast Context
🚀 Launch Viewing — Good Views
33.5 mi from SLC-40
33.5 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood 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
- 8/20/26Listed$5.5M$984/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.
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.
Location
Get DirectionsAdditional Details
Schools
Elementary
Gemini
Middle School
Hoover
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $28,978
- Property taxes
- $5,500
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $5.5M price — down payment shown: $1,100,000.
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.
