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For SaleSingle Family Home
$329K
132 Oak Lake Road, Melbourne, FL 32901
South Melbourne neighborhood
Subdivision: South Lakes Phase I
3
Bedrooms
2
Bathrooms
1,907
Sq Ft
1990
Year Built
$173 /sqft

About This Property

Description from listing agent

$10,000 CASH BACK AT CLOSING! MOTIVATED SELLER! Great opportunity for first-time homebuyers or anyone looking for a solid home they can update and make their own. This 3-bedroom, 2-bath concrete block home offers 1,907 sq. ft. of living space in the quiet, established South Lakes community. Major improvements are already complete, including roof (2022), A/C (2022), and water heater (2024). The home would benefit from fresh paint and cosmetic updates, giving the new owner an opportunity to personalize and add value. Conveniently located near beaches, shopping, dining, the Indian River, and Florida Institute of Technology (FIT), with Orlando approximately one hour away. Seller is ready to sell--bring your offer and make this home your own!

Space Coast Context

🚀 Launch Viewing — Fair Views

35.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris3.9 mi~9 min
Northrop5.8 mi~13 min
Blue Origin29.9 mi~1h 7m
SpaceX31.1 mi~1h 9m
Lockheed31.1 mi~1h 9m
Boeing/KSC32.9 mi~1h 13m
KSC33.4 mi~1h 14m

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
  • 8/14/26
    Price change
    $329K -0.2%
    $173/sqft
  • 8/12/26
    Price change
    $330K -2.8%
    $173/sqft
  • 7/28/26
    Listed
    $339K
    $178/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
At market value
Median comparable close price: $330,000
Typical Offer Discount
98.1% of list price
At that rate, a competitive offer ≈ $322,714
Price Reductions
2 reductions
Originally listed at $339,000 · Cut $10,000 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
0.18 acres (7,841 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$315/mo
Days on Market
29
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: South Lake Association
  • Fee: $315 / annually

Schools

Elementary

University Park

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jul 28, 2026
Parcel #
28-37-15-53-C-12
$329K

Listing Agent (for property info)

B
Brigette Sebring
Premium Properties Real Estate
321-301-0287
Call Listing Agent

Estimated Monthly Payment

$2,527/mo
Principal & interest
$1,733
Property taxes
$329
Insurance & HOA
$465

Based on a 6.90% rate, 30-year loan, and $329K price — down payment shown: $65,800.

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# 1083398

What's Nearby

restaurants
Marco's Pizza
0.2 mi away
schools
Palm Bay High School
0.3 mi away
shopping
BP Shop
0.3 mi away
home improvement
ProBuild
0.4 mi away
vets
Animal Medical Clinic
0.4 mi away
shopping
Sunoco Mart
0.4 mi away
restaurants
Hardee's
0.6 mi away
restaurants
Wendy's
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083398 · Listing Broker: Premium 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.