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For SaleSingle Family Home
$279K
1341 Olde Bailey Lane, Melbourne, FL 32904
University Park neighborhood
Subdivision: Stratford Pointe Phase 3
3
Bedrooms
2
Bathrooms
1,297
Sq Ft
2003
Year Built
$215 /sqft

About This Property

Description from listing agent

This affordable and beautifully-maintained 2000's home features new paint, freshly-steamed carpets and a spacious, fenced-in back yard. With West Melbourne being one of the area's most desirable locations, this cozy home also includes a low annual HOA, newer roof and freshly-serviced AC... all you have to do is move in and enjoy! Concrete Block Construction will keep your home insurance low as well. Come take a look!

Space Coast Context

🚀 Launch Viewing — Fair Views

35.7 mi from SLC-40

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

Aerospace Commute Guide
L3Harris3.6 mi~8 min
Northrop5.6 mi~12 min
Blue Origin30 mi~1h 7m
SpaceX30.9 mi~1h 9m
Lockheed31 mi~1h 9m
Boeing/KSC32.4 mi~1h 12m
KSC32.8 mi~1h 13m

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
  • 6/21/26
    Price change
    $279K -6.5%
    $215/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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
13.9% below market
Median comparable close price: $324,000
Typical Offer Discount
99.5% of list price
At that rate, a competitive offer ≈ $277,587
Price Reductions
1 reduction
Originally listed at $279,000 · Cut $19,500 total
See & adjust the 3 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
0.14 acres (6,098 sqft)
Full Baths
2
Garage
2 car (attached)
HOA Fee
$405/mo
Days on Market
127
MLS Area
331 - West Melbourne

Community & HOA

HOA

  • Name: Artemis Lifestyles
  • Fee: $405 / annually

Schools

Elementary

Meadowlane

Middle School

Central

High School

Melbourne

Financial & Listing Details

Listed
Apr 22, 2026
Parcel #
28-37-18-03-00000.0-0032.00
$279K

Listing Agent (for property info)

T
Tina Lange
Hibiscus Key Realty
321-223-1013
Call Listing Agent

Estimated Monthly Payment

$2,304/mo
Principal & interest
$1,470
Property taxes
$279
Insurance & HOA
$555

Based on a 6.90% rate, 30-year loan, and $279K price — down payment shown: $55,800.

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# 1075318

What's Nearby

schools
Imagine Schools at West Melbourne
0.7 mi away
movie theaters
AMC CLASSIC West Melbourne 12
0.7 mi away
shopping
7-Eleven
0.8 mi away
pharmacies
CVS Pharmacy
0.9 mi away
restaurants
Pizza Hut Express
0.9 mi away
restaurants
Starbucks
0.9 mi away
coffee shops
Starbucks
0.9 mi away
schools
Central Middle School
0.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1075318 · Listing Broker: Hibiscus Key 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.