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For SaleCondominium
$489K
3220 River Villa Way #121, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Riverside Condos at Beach Woods Ph I
2
Bedrooms
2
Bathrooms
1,375
Sq Ft
1985
Year Built
$356 /sqft

About This Property

Description from listing agent

MOTIVATED SELLER!! RESERVES FULLY FUNDED W/ SIRS REPORT complete & no assessments, ENJOY this COMPLETELY RENOVATED riverfront condo & enjoy breathtaking WATERFRONT views! Every detail of this home has been beautifully updated from top to bottom featuring custom tile work, luxury vinyl plank flooring & tile in both bathrooms. The spacious kitchen showcase soft-close cabinetry, granite countertops, large island & new appliances. A new hot water heater, custom lighting/fans & built-in shelving in the living room add thoughtful touches. Have peace of mind w/IMPACT WINDOWS & doors, plus electric hurricane shutters for added protection. Step out onto your waterfront balcony & take in the unmatched river views. Located in a gated, community, residents enjoy access to 2 sparkling HEATED pools, a fitness center, spa, pickleball courts, parking garage, walking paths, ocean access & community dock. Come & see this active community for all ages! Condo fees include WATER, CABLE AND INTERNET!!

Space Coast Context

🚀 Launch Viewing — Fair Views

36.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris7.3 mi~16 min
Northrop8.4 mi~19 min
Blue Origin30.4 mi~1h 8m
Lockheed31.9 mi~1h 11m
SpaceX32 mi~1h 11m
Boeing/KSC34.4 mi~1h 17m
KSC35.2 mi~1h 18m

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.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.01 acres (436 sqft)
Full Baths
2
Garage
1 car
HOA Fee
$792/mo
Waterfront
Indian River
Days on Market
77
MLS Area
384-Indialantic/Melbourne Beach

Community & HOA

HOA

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
May 1, 2026
Parcel #
28-38-20-Mw-0000d.0-0001.07
$489K

Listing Agent (for property info)

L
Leann Schneider
Grand Star Realty of Brevard
321-544-4829
Call Listing Agent

Estimated Monthly Payment

$4,007/mo
Principal & interest
$2,576
Property taxes
$489
Insurance & HOA
$942

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# 1059498

Interested in this property?

Equal Housing Opportunity

MLS# 1059498 · Listing Broker: Grand Star Realty of Brevard · 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.