1 / 31
For SaleSingle Family Home
$665K
5357 Solway Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Indian Landing Riverside
3
Bedrooms
2
Bathrooms
2,025
Sq Ft
2003
Year Built
$328 /sqft

About This Property

Description from listing agent

Stunning, waterfront home is nestled in gated Indian Landing community and has a DEEDED DRY BOAT SLIP to store your boat plus boat ramp. Enjoy deeded ocean access & river pier. Floor plan was expanded by 4 ft depth when it was built so the spaces feels larger . Oversized garage w/516 sq ft offers more space than most. Inside, the primary suite provides custom closets, an elegant bath and a reading nook with storage underneath bay window. A formal dining and living room + family room that has large picture window and pretty views of the dock and canal. The kitchen features abundant cabinet space and solid-surface countertops, with a practical layout that makes cooking a joy. Thoughtful details, bright rooms, and seamless indoor-outdoor connections make this home feel even bigger than its footprint while delivering picture perfect views. NEW AC 2022. Accordian shutters make it easy to button up. Screened in lanai offers an easy access to your private dock where you can go fish.

Space Coast Context

🚀 Launch Viewing — Fair Views

40.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11.3 mi~25 min
Northrop12.6 mi~28 min
Blue Origin34.3 mi~1h 16m
Lockheed35.9 mi~1h 20m
SpaceX36 mi~1h 20m
Boeing/KSC38.6 mi~1h 26m
KSC39.3 mi~1h 28m

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
0.27 acres (11,761 sqft)
Full Baths
2
Garage
2 car (attached)
HOA Fee
$455/mo
Waterfront
Canal Non-Navigation
Days on Market
145
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: Indian Landing Riverside
  • Fee: $455 / monthly

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Feb 22, 2026
Parcel #
29-38-10-84-0000i.0-0026.00
$665K

Listing Agent (for property info)

L
Laura L Dowling Roy PA
Premier Properties Real Estate
321-223-4671
Call Listing Agent

Estimated Monthly Payment

$4,774/mo
Principal & interest
$3,504
Property taxes
$665
Insurance & HOA
$605

Based on a 6.90% rate, 30-year loan, and $665K price — down payment shown: $133,000.

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# 1070031

Interested in this property?

Equal Housing Opportunity

MLS# 1070031 · 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.