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For SaleCondominium
$429K
240 Hammock Shore Drive #103, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: The Hammock Condo I
3
Bedrooms
2
Bathrooms
1,390
Sq Ft
1986
Year Built
$309 /sqft

About This Property

Description from listing agent

A MUST SEE LUXURIOUSLY REMODELD FULLY FURNISHED 3-BEDROOM BARRIER ISLAND CONDO IN THE SOUGHT-AFTER AQUARINA BEACH & COUNTRY CLUB OCEAN-TO-RIVER BEACH RESORT-LIKE COMMUNITY! This exquisitely & thoughtfully appointed unit offers 2 beautifully updated full baths, a stunning over-sized eat-in kitchen with granite countertops, spacious living space & lots of built-in storage. A top- of- the -line remodel! LIVE YOUR BEST FLORIDA LIFE by beginning the day watching the sunrise over the Atlantic Ocean & spending the morning surfing & sunbathing at the beach, followed by 18-holes of golf on the beautiful tropical course, then catching the sunset over the Indian River from the community pier & ending the day meeting your friends at the on-site restaurant for dinner & cocktails! LIVE ON VACATION with amenities including Golf & Tennis Club with limited play included, Beach Club with private beach access, community boat launch & fishing dock fitness center, community center, & on-site restaurant!

Space Coast Context

🚀 Launch Viewing — Fair Views

44.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris15.5 mi~35 min
Northrop16.9 mi~38 min
Blue Origin38.2 mi~1h 25m
Lockheed39.9 mi~1h 29m
SpaceX40 mi~1h 29m
Boeing/KSC42.7 mi~1h 35m
KSC43.5 mi~1h 37m

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
0.08 acres (3,485 sqft)
Full Baths
2
Stories
3
Garage
1 car
HOA Fee
$628/mo
Days on Market
198
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: The Hammock Condo Association
  • Fee: $628 / monthly

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jan 6, 2026
Parcel #
29-38-36-01-00000.0-0001.03
$429K

Listing Agent (for property info)

M
Melanie Schrock
Premier Properties Real Estate
321-615-4108
Call Listing Agent

Estimated Monthly Payment

$3,467/mo
Principal & interest
$2,260
Property taxes
$429
Insurance & HOA
$778

Based on a 6.90% rate, 30-year loan, and $429K price — down payment shown: $85,800.

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# 1065584

Interested in this property?

Equal Housing Opportunity

MLS# 1065584 · Listing Broker: Premier Properties Real Estate · 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.