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For SaleCondominium
$675K
1208 E River Drive #502, Melbourne, FL 32901
University Park neighborhood
Subdivision: Captains Cove of Melbourne Condo
3
Bedrooms
2
Bathrooms
1,898
Sq Ft
1984
Year Built
$356 /sqft

About This Property

Description from listing agent

SIRS & Milestone are COMPLETED! This spacious condo is perfectly positioned on the Melbourne Harbor, offering gorgeous water views & an exceptional boating lifestyle. The thoughtfully laid-out floor plan provides an abundance of living space, making the unit feel open, comfortable, and inviting. Boaters will love the rare opportunity of 2 boat slips-1 with a boat lift- providing incredible convenience right outside your door. Not a boat owner? No problem! The slips can also be rented out, providing an opportunity to generate additional income. The dock pilings were reinforced in 2022, & the boat lift was updated in 2023. The unit also includes a private garage plus an additional covered parking space beneath the building, offering plenty of parking & storage. Additional updates provide even more peace of mind, including a new condo roof & elevator in 2023, along with a new A/C in 2023. The unit was also replumbed in 2023 & includes a new water heater. All assessments have been paid.

Space Coast Context

🚀 Launch Viewing — Good Views

33.6 mi from SLC-40

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

Aerospace Commute Guide
L3Harris2.6 mi~6 min
Northrop3.9 mi~9 min
Blue Origin27.5 mi~1h 1m
Lockheed28.7 mi~1h 4m
SpaceX28.8 mi~1h 4m
Boeing/KSC30.8 mi~1h 9m
KSC31.3 mi~1h 10m

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
  • 8/28/26
    Listed
    $675K
    $356/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
0.08 acres (3,485 sqft)
Full Baths
2
Stories
6
Garage
1 car
HOA Fee
$790/mo
Waterfront
Crane Creek
Days on Market
1
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: Captain's Cove of Melbourne
  • Fee: $790 / monthly

Schools

Elementary

University Park

Middle School

Stone

High School

Melbourne

Financial & Listing Details

Listed
Aug 29, 2026
Parcel #
28-37-02-75-00001.0-0007.10
$675K

Listing Agent (for property info)

E
Ellie M Chan
RE/MAX Aerospace Realty
321-626-2016
Call Listing Agent

Estimated Monthly Payment

$5,171/mo
Principal & interest
$3,556
Property taxes
$675
Insurance & HOA
$940

Based on a 6.90% rate, 30-year loan, and $675K price — down payment shown: $134,980.

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# 1086252

What's Nearby

restaurants
Island Root Kava Bar
0.4 mi away
coffee shops
Island Root Kava Bar
0.4 mi away
government
Melbourne City Hall
0.4 mi away
restaurants
Foxtail Coffee
0.4 mi away
coffee shops
Foxtail Coffee
0.4 mi away
restaurants
Moon River Cafe & Curiosities
0.5 mi away
coffee shops
Moon River Cafe & Curiosities
0.5 mi away
government
Melbourne Post Office
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1086252 · Listing Broker: RE/MAX Aerospace Realty · 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.