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For SaleSingle Family Home
$690K
1700 Marcello Drive, Melbourne, FL 32934
Downtown Melbourne neighborhood
Subdivision: Veranda Place
3
Bedrooms
2
Bathrooms
2,007
Sq Ft
2010
Year Built
$344 /sqft

About This Property

Description from listing agent

MOTIVATED SELLER! LUXURY CUSTOM BUILDER! WELCOME to this meticulously maintained, move-in-ready home in the desirable Veranda Place subdivision, where exceptional upgrades, thoughtful design, and resort-style outdoor living come together to create a truly one-of-a-kind property. From the moment you arrive, you'll appreciate the home's outstanding curb appeal, beautifully landscaped oversized lot, and fully fenced backyard offering privacy and space to enjoy Florida living. Designed for comfort, efficiency, and peace of mind, this home features a whole-house Generac generator (2024), owned solar panels (2019), a new Daikin HVAC system (2025), tank less water heater, hurricane impact windows and sliding glass door, plus accordion shutters protecting the front entry and primary bedroom door. Step inside to discover luxury vinyl plank flooring throughout, plantation shutters on every window, LED lighting throughout the home--including closets--

Space Coast Context

🚀 Launch Viewing — Good Views

30.3 mi from SLC-40

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

Aerospace Commute Guide
Northrop3.5 mi~8 min
L3Harris3.8 mi~8 min
Blue Origin25 mi~56 min
SpaceX25.6 mi~57 min
Lockheed25.7 mi~57 min
Boeing/KSC26.7 mi~1h
KSC27 mi~1h

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
  • 8/19/26
    Price change
    $690K -8.0%
    $344/sqft
  • 8/7/26
    Price change
    $750K -3.7%
    $374/sqft
  • 7/18/26
    Listed
    $779K
    $388/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
15.0% above median
Median comparable close: $599,999 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
100.0% of list price
At that rate, a competitive offer ≈ $689,900
Price Reductions
2 reductions
Originally listed at $779,000 · Cut $89,100 total
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
0.36 acres (15,682 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$900/mo
Pool
Yes
Days on Market
40
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: Space Coast Property Mgmt
  • Fee: $900 / annually

Schools

Elementary

Sabal

Middle School

Johnson

Financial & Listing Details

Listed
Jul 18, 2026
Parcel #
27-36-13-Vc-00000.0-0046.00
$690K

Listing Agent (for property info)

L
Laura L Roman
Waterman Real Estate, Inc.
321-501-2913
Call Listing Agent

Estimated Monthly Payment

$5,375/mo
Principal & interest
$3,635
Property taxes
$690
Insurance & HOA
$1,050

Based on a 6.90% rate, 30-year loan, and $690K price — down payment shown: $137,980.

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# 1082869

What's Nearby

grocery
ALDI
0.7 mi away
home improvement
Harbor Freight Tools
0.8 mi away
restaurants
McDonald's
0.8 mi away
restaurants
Krispy Kreme
0.9 mi away
schools
Sabal Elementary School
0.9 mi away
restaurants
Popeyes
0.9 mi away
restaurants
Subway
0.9 mi away
restaurants
321 pho
0.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1082869 · Listing Broker: Waterman Real Estate, Inc. · 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.