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For SaleSingle Family Home
$849K
503 Andrews Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: River Colony East
4
Bedrooms
2
Bathrooms
2,020
Sq Ft
1974
Year Built
$420 /sqft

About This Property

Description from listing agent

Beautifully updated, 4 bed, concrete block, pool home in the heart of Melbourne Beach, close to 3 downtown areas, beautiful white sand beaches, a community pier, playgrounds, tennis/pickleball and much more! All impact rated windows and doors, whole home water purification system, tankless water heater & many more upgrades throughout this beachside gem ! You'll love the tropical oasis created within the spacious, fully fenced backyard, highlighted by a recently resurfaced, solar heated, salt water pool, fire pit & large covered lanai. RV/Boat storage area + a shed for all the toys! Don't sleep on this winner !!

Space Coast Context

🚀 Launch Viewing — Good Views

33.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4.7 mi~10 min
Northrop5.4 mi~12 min
Blue Origin27.6 mi~1h 2m
Lockheed28.9 mi~1h 4m
SpaceX29 mi~1h 5m
Boeing/KSC31.3 mi~1h 10m
KSC32 mi~1h 11m

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
  • 4/1/26
    Listed
    $849K
    $420/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
At market value
Median comparable close price: $860,000
Typical Offer Discount
95.7% of list price
At that rate, a competitive offer ≈ $812,169
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
0.27 acres (11,761 sqft)
Full Baths
2
Garage
2 car (attached)
Pool
Yes
Days on Market
81
MLS Area
384-Indialantic/Melbourne Beach

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Apr 2, 2026
Parcel #
28-38-06-77-0000j.0-0012.00
$849K

Listing Agent (for property info)

D
David Settgast
One Sotheby's International
321-543-1187
Call Listing Agent

Estimated Monthly Payment

$5,472/mo
Principal & interest
$4,473
Property taxes
$849
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $849K price — down payment shown: $169,800.

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# 1073581

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Equal Housing Opportunity

MLS# 1073581 · Listing Broker: One Sotheby's International · 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.