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For SaleSingle Family Home
$390K
1611 Lago Mar Drive, Melbourne, FL 32940
Heritage Isle neighborhood
Subdivision: Grand Isle Phase 1 Viera N PUD Parcel U X
3
Bedrooms
2
Bathrooms
2,034
Sq Ft
2002
Year Built
$192 /sqft

About This Property

Description from listing agent

Located in one of the most sought-after 55+ gated communities, Grand Isle, this impeccably maintained corner-lot residence offers outstanding curb appeal with pavered driveway, walkway, and front porch, along with neatly edged planting beds filled with decorative stone. Accordion hurricane shutters provide added peace of mind. Step inside to a bright, open, and modern floor plan with soaring ceilings and abundant natural light. The heart of the home is the spacious kitchen, featuring solid wood cabinetry topped with quartz countertops and designed to overlook the dining and great rooms—ensuring the chef is always part of the conversation and ideal for entertaining. From the moment you enter, enjoy uninterrupted sight lines that flow seamlessly through the great room and into the garden room beyond. The spacious owner's suite is a private retreat, complete with a lovely ensuite bath offering a raised-height double-sink vanity, soaking tub, walk-in shower, and a generous walk-in closet.

Space Coast Context

🚀 Launch Viewing — Good Views

22.1 mi from SLC-40

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

Aerospace Commute Guide
Northrop10.7 mi~24 min
L3Harris12.2 mi~27 min
SpaceX17.7 mi~39 min
Blue Origin17.8 mi~40 min
Lockheed17.9 mi~40 min
Boeing/KSC18 mi~40 min
KSC18.1 mi~40 min

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
  • 12/13/25
    Listed
    $390K
    $192/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
At market value
Median comparable close price: $380,000
Typical Offer Discount
97.6% of list price
At that rate, a competitive offer ≈ $380,526
Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.18 acres (7,841 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$299/mo
Senior Community
Yes
Days on Market
190
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

  • Name: Grand Isle HOA - Leland Management
  • Fee: $299 / monthly

Schools

Elementary

Quest

Middle School

Viera Middle School

High School

Viera

Financial & Listing Details

Listed
Dec 14, 2025
Parcel #
25-36-34-75-0000b.0-0001.00
$390K

Listing Agent (for property info)

T
Teresa Ferrara
RE/MAX Aerospace Realty
321-626-4192
Call Listing Agent

Estimated Monthly Payment

$2,894/mo
Principal & interest
$2,055
Property taxes
$390
Insurance & HOA
$449

Based on a 6.90% rate, 30-year loan, and $390K price — down payment shown: $78,000.

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# 1064280

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Equal Housing Opportunity

MLS# 1064280 · Listing Broker: RE/MAX Aerospace 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.