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For SaleSingle Family Home
$525K
1553 Payette Lane, Melbourne, FL 32904
University Park neighborhood
Subdivision: Oak Grove at W Melbourne Phase 2
5
Bedrooms
3
Bathrooms
3,622
Sq Ft
2003
Year Built
$145 /sqft

About This Property

Description from listing agent

Welcome to this move-in ready two-story home featuring 5 bedrooms, 3 full baths, no carpet, and serene water views. Located in an incredibly peaceful, well-maintained neighborhood in the heart of West Melbourne, this home offers the perfect blend of comfort and convenience. Recent upgrades include a brand-new 2026 roof, 1-year-old A/C, fresh exterior paint, new blinds, and new kitchen countertops. The spacious layout features generous living and dining areas, a bright kitchen with ample cabinetry, and bedroom & full bath--ideal for guests or multi-generational living. Relax by the water from your backyard while enjoying easy access to I-95, shopping, dining, parks, top employers, highly rated schools, and the Space Coast beaches. Schedule your private showing today!

Space Coast Context

🚀 Launch Viewing — Fair Views

35.3 mi from SLC-40

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

Aerospace Commute Guide
L3Harris3.1 mi~7 min
Northrop5.1 mi~11 min
Blue Origin29.5 mi~1h 6m
SpaceX30.5 mi~1h 8m
Lockheed30.5 mi~1h 8m
Boeing/KSC32.1 mi~1h 12m
KSC32.5 mi~1h 12m

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
  • 7/3/26
    Listed
    $525K
    $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

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
0.21 acres (9,148 sqft)
Full Baths
3
Garage
2 car
HOA Fee
$437/mo
Waterfront
Yes
Days on Market
41
MLS Area
331 - West Melbourne

Community & HOA

HOA

  • Name: OAK GROVE AT WEST MELBOURNE PHASE 2
  • Fee: $437 / annually

Schools

Elementary

Meadowlane

Middle School

Central

High School

Melbourne

Financial & Listing Details

Listed
Jul 17, 2026
Parcel #
28-37-17-26-00000.0-0086.00
$525K

Listing Agent (for property info)

H
Haiyan Hu
Keller Williams Realty Brevard
585-629-0385
Call Listing Agent

Estimated Monthly Payment

$3,878/mo
Principal & interest
$2,766
Property taxes
$525
Insurance & HOA
$587

Based on a 6.90% rate, 30-year loan, and $525K price — down payment shown: $105,000.

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# 1081696

What's Nearby

parks
Playground at Clements Wood Park
0.6 mi away
shopping
Bee Back Food Mart
0.8 mi away
fire stations
Station No. 78
0.8 mi away
schools
Imagine Schools at West Melbourne
1.0 mi away
schools
Central Middle School
1.0 mi away
schools
Meadowlane Intermediate School
1.2 mi away
grocery
Walmart Supercenter
1.2 mi away
movie theaters
AMC CLASSIC West Melbourne 12
1.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1081696 · Listing Broker: Keller Williams Realty 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.