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For SaleTownhouse
$489K
500 Moray Place, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Indian Landing Riverside
3
Bedrooms
2
Bathrooms
1,394
Sq Ft
2003
Year Built
$351 /sqft

About This Property

Description from listing agent

This 3 bedroom 2 bath townhome villa in Indian Landing offers a split floor plan and a kitchen with quartz countertops, stainless appliances and a walk in pantry. Tile and wood floors throughout keep the home easy to maintain. The covered and screened patio opens to an additional paved patio, creating a comfortable spot to unwind after a day at the beach or on the river. This villa has a brand new tile roof 2026, newer AC 2022, newer water heater 2020 PLUS hurricane protection. Indian Landing is a gated beachside community with deeded ocean access and a river pier, giving residents sunrise and sunset moments that define this neighborhood. Maintenance free living includes pest control, lawn care and landscaping. Community amenities include a pool with neighborhood gatherings, clay tennis courts and a private water and sewer system, a valuable benefit in this South Beach area. A well cared for home in a gated community that truly stands out.

Space Coast Context

🚀 Launch Viewing — Fair Views

40.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.3 mi~25 min
Northrop12.6 mi~28 min
Blue Origin34.4 mi~1h 17m
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

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
  • 7/5/26
    Listed
    $489K
    $351/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 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
16.4% above median
Median comparable close: $420,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
96.1% of list price
At that rate, a competitive offer ≈ $470,153
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 2 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
0.09 acres (3,920 sqft)
Full Baths
2
Garage
2 car (attached)
HOA Fee
$324/mo
Days on Market
2
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: Vesta Property Management
  • Fee: $324 / monthly

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jul 8, 2026
Parcel #
29-38-10-84-0000g.0-0010.00
$489K

Listing Agent (for property info)

C
Cindy Rhoton
Realty World Curri Properties
321-794-4817
Call Listing Agent

Estimated Monthly Payment

$3,539/mo
Principal & interest
$2,576
Property taxes
$489
Insurance & HOA
$474

Based on a 6.90% rate, 30-year loan, and $489K price — down payment shown: $97,800.

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# 1081747

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Equal Housing Opportunity

MLS# 1081747 · Listing Broker: Realty World Curri Properties · 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.