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For SaleSingle Family Home
$700K
223 Sanibel Way, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Ocean Ridge II of Brevard
4
Bedrooms
3
Bathrooms
1,989
Sq Ft
1999
Year Built
$352 /sqft

About This Property

Description from listing agent

Welcome to Ocean Ridge, one of Melbourne Beach's most desirable gated ocean-to-river communities. This one-owner, meticulously maintained 4-bedroom, 3-bath courtyard home offers a rare combination of privacy, flexibility, and coastal living. Designed around a private courtyard with pool, the home features a separate guest suite ideal for a home office, visitors, or multi-generational living—creating versatility rarely found in today's market. The courtyard serves as a serene outdoor retreat, perfect for entertaining or relaxing in complete privacy. Inside, the home has been thoughtfully cared for and includes impact windows, a new roof with transferable warranty, and an oversized garage with ample storage. Pride of ownership is evident throughout, offering peace of mind and move-in ready condition. Ocean Ridge residents enjoy deeded ocean-to-river access, including private beach access and a community pier on the Indian River Lagoon—perfect for fishing, kayaking, or sunset views.

Space Coast Context

🚀 Launch Viewing — Fair Views

36.3 mi from SLC-40

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

Aerospace Commute Guide
L3Harris6.8 mi~15 min
Northrop7.8 mi~17 min
Blue Origin29.9 mi~1h 7m
Lockheed31.4 mi~1h 10m
SpaceX31.5 mi~1h 10m
Boeing/KSC33.9 mi~1h 16m
KSC34.6 mi~1h 17m

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
  • 1/8/26
    Listed
    $700K
    $352/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

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
0.17 acres (7,405 sqft)
Full Baths
3
Garage
2 car
HOA Fee
$405/mo
Pool
Yes
Days on Market
169
MLS Area
384-Indialantic/Melbourne Beach

Community & HOA

HOA

  • Name: Ocean Ridge
  • Fee: $405 / quarterly

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jan 8, 2026
Parcel #
28-38-20-02-00000.0-0009.00
$700K

Listing Agent (for property info)

K
Katherine Conrad
Denovo Realty
321-427-2645
Call Listing Agent

Estimated Monthly Payment

$4,943/mo
Principal & interest
$3,688
Property taxes
$700
Insurance & HOA
$555

Based on a 6.90% rate, 30-year loan, and $700K price — down payment shown: $139,980.

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# 1065830

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Equal Housing Opportunity

MLS# 1065830 · Listing Broker: Denovo Realty · 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.