For SaleSingle Family Home
$170K
1842 Cedarwood Drive, Melbourne, FL 32935
Bowe Gardens neighborhood
Subdivision: Sunwood Park No 1
3
Bedrooms
1
Bathrooms
1,170
Sq Ft
1958
Year Built
$145 /sqft

About This Property

Description from listing agent

In the last few years this home has had upgrades made with ease of living in mind. The roof was replaced in 2021. It has had solar panels added to aid in cheaper energy costs. There have been some new windows, and door installed in the home. Accordion hurricane shutters have also been installed , for easy hurricane preparedness. The electrical system has also been upgraded in the past, and the rear porch had a new roof installed. Gutters have also been installed in recent years. Plumbing supply lines have been converted to CPVC as well. Water heater installed 2023. So the house has ''good bones''. With a little more work, this home can really shine. It just needs some freshening up inside. With some ''sweat equity'', it would make a good rental, or winter retreat. It is located in a convenient part of Melbourne, with EGAD within walking distance, and Atlantic Ocean beach access, shopping, restaurants are a quick drive over the Indian River.

Space Coast Context

🚀 Launch Viewing — Good Views

29.6 mi from SLC-40

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

Aerospace Commute Guide
Northrop1 mi~2 min
L3Harris2.6 mi~6 min
Blue Origin23.9 mi~53 min
SpaceX24.8 mi~55 min
Lockheed24.9 mi~55 min
Boeing/KSC26.4 mi~59 min
KSC26.9 mi~1h

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
  • 2/19/26
    Listed
    $170K
    $145/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
9.7% above median
Median comparable close: $155,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
93.9% of list price
At that rate, a competitive offer ≈ $159,697
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
0.16 acres (6,970 sqft)
Full Baths
1
Days on Market
170
MLS Area
323 - Eau Gallie

Schools

Elementary

Creel

Middle School

Johnson

High School

Eau Gallie

Financial & Listing Details

Listed
Mar 19, 2026
Parcel #
27-37-17-06-0000k.0-0024.00
$170K

Listing Agent (for property info)

T
Timothy Ball
Post Real Estate Group
321-863-3729
Call Listing Agent

Estimated Monthly Payment

$1,216/mo
Principal & interest
$896
Property taxes
$170
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $170K price — down payment shown: $34,000.

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# 1072295

What's Nearby

dog parks
Pieloch
0.4 mi away
schools
Dr WJ Creel Elementary
0.4 mi away
schools
Doctor W J Creel Elementary School
0.5 mi away
fire stations
Eau Gallie Fire / Rescue Station 66
0.6 mi away
schools
Eau Gallie High School
0.6 mi away
restaurants
Oh! Biscuit
0.7 mi away
fire stations
Melbourne Fire Station 71
0.7 mi away
government
Eau Gallie Post Office
0.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1072295 · Listing Broker: Post Real Estate Group · 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.