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For SaleTownhouse
$479K
5327 Tay Court, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Indian Landing Phase 1
3
Bedrooms
2
Bathrooms
1,376
Sq Ft
2002
Year Built
$348 /sqft

About This Property

Description from listing agent

One level, concrete block villa in gated Indian Landing is situated so close to the ocean you can hear the waves! Updates in 2024/2025; luxury vinyl plank flooring with NO transitions, screened in lanai with concrete pad, A/C condenser, S/S appliances, toilets, rain gutters, interior painted with new baseboards and garage shelving added to 2 car garage. The villa has impact windows and slider, along with plantation shutters throughout. Great room concept with vaulted ceilings and kitchen opens to dining/living room. The new screened in lanai allows for grilling or just relaxing. Indian Landing community offers underground electrical and sewer, walk to the private beach access and community heated pool in 3 minutes, access to tennis courts in the neighboring community and private Indian River pier for sunsets is a short walk away. Publix grocery store is 4 miles north on A1A and the Sebastian Inlet is 8 miles south for great fishing.

Space Coast Context

🚀 Launch Viewing — Fair Views

40.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.5 mi~26 min
Northrop12.7 mi~28 min
Blue Origin34.3 mi~1h 16m
Lockheed35.9 mi~1h 20m
SpaceX36 mi~1h 20m
Boeing/KSC38.6 mi~1h 26m
KSC39.4 mi~1h 28m

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 1/4/26
    Listed
    $479K
    $348/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
14.0% above median
Median comparable close: $420,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
94.2% of list price
At that rate, a competitive offer ≈ $451,076
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.1 acres (4,356 sqft)
Full Baths
2
Garage
2 car (attached)
HOA Fee
$324/mo
Days on Market
184
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: Indian Landing Phase 1
  • Fee: $324 / monthly

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jan 4, 2026
Parcel #
29-38-10-80-0000a.0-0007.00
$479K

Listing Agent (for property info)

L
Laura L Dowling Roy PA
Premier Properties Real Estate
321-223-4671
Call Listing Agent

Estimated Monthly Payment

$3,477/mo
Principal & interest
$2,524
Property taxes
$479
Insurance & HOA
$474

Based on a 6.90% rate, 30-year loan, and $479K price — down payment shown: $95,800.

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# 1065458

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Equal Housing Opportunity

MLS# 1065458 · Listing Broker: Premier Properties Real Estate · 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.