About This Property
Description from listing agentRare, Incredible property consists of two lots each with its own tax ID numbers with 1.17 acre of land total. One lot is directly on the ocean and has a two story home w/ wood floors and fireplace upstairs w/ 3 bedrooms plus 2 baths. Downstairs is an ensuite with private entrance that has 1 bedroom and 1 bath plus large living area and kitchen. The other lot has duplex on it but has TRIPLEX ZONING so maybe triplex could be constructed. Each side has 2 bed/2 baths and each unit has oversized garage with side garage for more storage. The north duplex has been completely remodeled! Both buildings have new roofs in 2022/2023. High end water treatment system just installed. The zoning is RU 2-4 which allows for short term renting which is highly unusual for the area so property has great income potential! State owned property to the north and a lot of state owned land across the street too. Parking for at least 4 cars if not more w/the space the garages have. Property being sold as is.
Space Coast Context
🚀 Launch Viewing — Fair Views
46.2 mi from SLC-40
46.2 miles from SLC-40 — visible as a bright streak in good conditions.
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.
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
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Schools
Elementary
Gemini
Middle School
Hoover
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $24,236
- Property taxes
- $4,600
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $4.6M price — down payment shown: $920,000.
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.
