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For SaleSingle Family Home
$285K
718 Pine Island Drive, Melbourne, FL 32940
Suntree neighborhood
Subdivision: Courtyards Suntree PUD Stage 5 Tr 62 Unit 3 Th
3
Bedrooms
2
Bathrooms
1,454
Sq Ft
1985
Year Built
$196 /sqft

About This Property

Description from listing agent

Welcome to this updated 3BR/2BA/1 Car garage home in The Courtyards. Located in the heart of Suntree,this spacious villa offers many upgrades & extra touches. Open floor plan w/high ceilings,tiled floors & vinyl flooring in bedrooms. A bright living & dining area boast a comfortable & inviting atmosphere. Whether you're working from home or enjoying time outdoors, it offers everything you need. Updated Kitchen w/wood cabinets,granite tops & S.S. appliances.Breakfast nook w/garden window for herb planting. Primary suite w/double closets. Updated bath w/dual vanities, granite tops & walk-in tiled shower.Two spacious guest bedrooms. Enclosed Florida room perfect for fun gatherings & extra living space. Inside laundry w/hook ups.Utility room & One car garage. The Courtyards offer Community pool & Tennis courts. Excellent location, Close to golf, Patrick Space Force, shopping, great schools, fine restaurants & the beach.Easy access to major roadways, airport, & what Florida has to offer.

Space Coast Context

🚀 Launch Viewing — Good Views

24.8 mi from SLC-40

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

Aerospace Commute Guide
Northrop7.1 mi~16 min
L3Harris8.6 mi~19 min
Blue Origin19.8 mi~44 min
SpaceX20.1 mi~45 min
Lockheed20.3 mi~45 min
Boeing/KSC21 mi~47 min
KSC21.3 mi~47 min

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High Risk

Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.

Estimated flood insurance: $2,000 – $6,000+ / 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
  • 7/26/26
    Price change
    $285K -3.4%
    $196/sqft
  • 6/16/26
    Price change
    $295K -0.0%
    $203/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 9 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
12.3% below market
Median comparable close price: $325,000
Typical Offer Discount
95.0% of list price
At that rate, a competitive offer ≈ $270,635
Price Reductions
2 reductions
Originally listed at $294,800 · Cut $10,000 total
See & adjust the 9 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
0.06 acres (2,614 sqft)
Full Baths
2
Garage
1 car (attached)
HOA Fee
$490/mo
Days on Market
88
MLS Area
218 - Suntree S of Wickham

Community & HOA

HOA

  • Name: The Courtyards of Suntree
  • Fee: $490 / monthly

Schools

Elementary

Suntree

Middle School

DeLaura

High School

Viera

Financial & Listing Details

Listed
May 31, 2026
Parcel #
26-36-13-Nd-*-53
$285K

Listing Agent (for property info)

V
Vanna T. Rickard
Peninsula Property Group
321-757-3696
Call Listing Agent

Estimated Monthly Payment

$2,426/mo
Principal & interest
$1,501
Property taxes
$285
Insurance & HOA
$640

Based on a 6.90% rate, 30-year loan, and $285K price — down payment shown: $56,980.

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# 1078673

What's Nearby

grocery
ALDI
0.5 mi away
restaurants
McDonald's
0.6 mi away
government
Florida Department of Revenue Taxpayer Service Center
0.6 mi away
restaurants
Starbucks
0.6 mi away
coffee shops
Starbucks
0.6 mi away
restaurants
Zaxby's
0.7 mi away
restaurants
Jersey Mike's Subs
0.7 mi away
grocery
The Fresh Market
0.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1078673 · Listing Broker: Peninsula Property Group · 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.