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For SaleSingle Family Home
$298K
3386 Jay Tee Drive, Melbourne, FL 32901
University Park neighborhood
Subdivision: Meadowridge
3
Bedrooms
2
Bathrooms
1,296
Sq Ft
1979
Year Built
$230 /sqft

About This Property

Description from listing agent

Seller to provide new roof prior to closing! Take a look at this centrally located home in the heart of Melbourne. It's an updated 3-bedroom, 2-bath home with a bright, open floor plan filled with natural light. Featuring no carpet, fresh neutral paint colors, stylish updated fixtures, and a cozy renovated kitchen, this home is truly move-in ready. The split-bedroom layout offers privacy, while the 2-car garage, spacious covered porch, and large backyard create the perfect setting for relaxing evenings, weekend BBQs, and entertaining family and friends. Whether you're a first-time buyer, looking to downsize, or searching for your next home, this one check all the boxes!

Space Coast Context

🚀 Launch Viewing — Good Views

34.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris2.8 mi~6 min
Northrop4.7 mi~10 min
Blue Origin29 mi~1h 5m
SpaceX30.1 mi~1h 7m
Lockheed30.1 mi~1h 7m
Boeing/KSC31.8 mi~1h 11m
KSC32.3 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
  • 8/26/26
    Price change
    $298K -0.8%
    $230/sqft
  • 8/6/26
    Listed
    $300K
    $231/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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
3.7% below market
Median comparable close price: $309,000
Typical Offer Discount
99.0% of list price
At that rate, a competitive offer ≈ $294,401
Price Reductions
1 reduction
Originally listed at $299,900 · Cut $2,400 total
See & adjust the 3 comparable sales 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
0.23 acres (10,019 sqft)
Full Baths
2
Garage
2 car
Days on Market
22
MLS Area
330 - Melbourne - Central

Schools

Elementary

University Park

Middle School

Stone

High School

Melbourne

Financial & Listing Details

Listed
Aug 6, 2026
Parcel #
28-37-09-77-00000.0-0010.00
$298K

Listing Agent (for property info)

J
Jessica McBride
Real Broker, LLC
321-426-5660
Call Listing Agent

Estimated Monthly Payment

$2,015/mo
Principal & interest
$1,567
Property taxes
$298
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $298K price — down payment shown: $59,500.

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# 1084342

What's Nearby

schools
Florida Institute of Technology FW Owlins Sports Complex
0.2 mi away
dog parks
Melbourne Pieloch Dog Park
0.2 mi away
dog parks
Melbourne Pieloch Dog Park
0.2 mi away
schools
Florida Institute of Technology Wave Tank Research Building
0.3 mi away
schools
University Park Elementary School
0.3 mi away
schools
Florida Institute of Technology F W Olin Physical Sciences Center
0.3 mi away
restaurants
Hookah Cafe
0.3 mi away
coffee shops
Hookah Cafe
0.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1084342 · Listing Broker: Real Broker, LLC · 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.