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For SaleSingle Family Home
$397K
1331 Royal Fern Drive, Melbourne, FL 32940
Viera neighborhood
Subdivision: Magnolia Pointe Unit 2
3
Bedrooms
2
Bathrooms
1,782
Sq Ft
2003
Year Built
$223 /sqft

About This Property

Description from listing agent

Enter into this gated community and follow the road to arrive at 1331 Royal Fern Drive! This 3-bedroom, 2 bath half-duplex is in meticulous condition and a few of the special features include: luxury vinyl plank flooring (no carpet), upgraded bathrooms, large kitchen with white cabinets, electric fireplace, extended lanai, preserve views and more! This low-maintenance community includes lawn care, roof replacement, exterior painting ... A community pool and cabana complete the picture for a great lifestyle. Roof 2018 (HOA), HVAC 2021, Water Heater 2016

Space Coast Context

🚀 Launch Viewing — Good Views

23.7 mi from SLC-40

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

Aerospace Commute Guide
Northrop8.6 mi~19 min
L3Harris10.1 mi~23 min
Blue Origin19 mi~42 min
SpaceX19.2 mi~43 min
Lockheed19.4 mi~43 min
Boeing/KSC19.8 mi~44 min
KSC20 mi~45 min

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
  • 7/24/26
    Listed
    $397K
    $223/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

Based on 19 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
3.1% above median
Median comparable close: $384,900 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.8% of list price
At that rate, a competitive offer ≈ $388,241
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 19 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

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
0.16 acres (6,970 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$375/mo
Days on Market
63
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

  • Name: Magnolia Pointe HOA, Inc.
  • Fee: $375 / monthly

Schools

Elementary

Suntree

Middle School

DeLaura

High School

Viera

Financial & Listing Details

Listed
Aug 9, 2026
Parcel #
26-36-11-83-00000.0-0057.00
$397K

Listing Agent (for property info)

G
Gregory Ellingson
Ellingson Properties
321-750-7050
Call Listing Agent

Estimated Monthly Payment

$3,014/mo
Principal & interest
$2,092
Property taxes
$397
Insurance & HOA
$525

Based on a 6.90% rate, 30-year loan, and $397K price — down payment shown: $79,400.

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# 1083268

What's Nearby

vets
Veterinary Specialty Center
0.2 mi away
restaurants
Domino's
0.3 mi away
restaurants
The Salty Bagel
0.3 mi away
vets
Harbor City Animal Hospital
0.3 mi away
restaurants
Jimmy John's
0.3 mi away
restaurants
Pizza Hut Express
0.4 mi away
restaurants
Taco Bell
0.4 mi away
restaurants
Subway
0.4 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083268 · Listing Broker: Ellingson Properties · 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.