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For SaleSingle Family Home
$730K
5337 Solway Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Indian Landing Phase II
4
Bedrooms
2
Bathrooms
2,150
Sq Ft
2004
Year Built
$339 /sqft

About This Property

Description from listing agent

Exceptional waterfront home nestled between the ocean and river within a pristine gated community. This spacious, well-maintained home offers both elegance and comfort. Step through the grand double front doors into an inviting open floor plan highlighted by soaring 12-foot ceilings. The split-bedroom design features 4 bedrooms/2 baths. Beautiful kitchen features granite countertops, SS appliances, a generous pantry, and a large window overlooking the canal / dock. Thoughtful upgrades include plantation shutters, newer washer and dryer, hurricane-strength windows and sliders, and a backup generator. Expansive triple sliders open to the large lanai leading to private dock and canal. Unwind while watching manatees and dolphins pass by. Oversized garage provides built-in storage/workspace. Community offers heated pool, tennis, & lush landscaping. NEW ROOF August 2026, AC 2024. Community pool, cabana & lush landscaping. Exceptional home surrounded by water. Come live in paradise!

Space Coast Context

🚀 Launch Viewing — Fair Views

40.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.3 mi~25 min
Northrop12.6 mi~28 min
Blue Origin34.3 mi~1h 16m
Lockheed35.8 mi~1h 20m
SpaceX36 mi~1h 20m
Boeing/KSC38.6 mi~1h 26m
KSC39.3 mi~1h 28m

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
  • 8/11/26
    Listed
    $730K
    $339/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
0.29 acres (12,632 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$429/mo
Days on Market
13
MLS Area
384 - Indialantic/Melbourne Beach

Community & HOA

HOA

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Aug 13, 2026
Parcel #
29-38-10-84-0000i.0-0028.00
$730K

Listing Agent (for property info)

J
Jaci Jarrett Masztal PhD
Suncoast Realty, Inc.
321-917-2911
Call Listing Agent

Estimated Monthly Payment

$5,155/mo
Principal & interest
$3,846
Property taxes
$730
Insurance & HOA
$579

Based on a 6.90% rate, 30-year loan, and $730K price — down payment shown: $145,980.

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# 1084950

What's Nearby

restaurants
Subway
2.4 mi away
gas stations
Marathon
2.4 mi away
golf
The Habitat
2.8 mi away
fire stations
Valkaria Airport Fire / Rescue Station 87
2.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1084950 · Listing Broker: Suncoast Realty, Inc. · 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.