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For SaleCondominium
$475K
735 Lanai Circle #101, Melbourne, FL 32937
Indian Harbour Beach neighborhood
Subdivision: Island Walk Townhomes Condo Ph I
3
Bedrooms
3
Bathrooms
2,219
Sq Ft
2019
Year Built
$214 /sqft

About This Property

Description from listing agent

Accepting Backups!! Built in 2019 just a few blocks from the shoreline, this spacious two-story condo in Island Walk captures the effortless rhythm of beachside living. With 3 bedrooms, 2.5 baths, and 2,219 square feet of thoughtfully designed space, the home offers a comfortable balance of style and function after long days in the salt air and sunshine. Granite countertops bring a polished touch to the kitchen, while tile and carpeted floors create a practical mix of durability and comfort throughout. A central vacuum system adds everyday convenience, making upkeep simple so more time can be spent biking to the beach, catching ocean breezes, and enjoying the laid-back coastal lifestyle that makes this location so special. Water included in HOA fee.

Space Coast Context

🚀 Launch Viewing — Good Views

29.3 mi from SLC-40

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

Aerospace Commute Guide
Northrop2.3 mi~5 min
L3Harris3.8 mi~8 min
Blue Origin23.2 mi~52 min
SpaceX24.5 mi~55 min
Lockheed24.5 mi~55 min
Boeing/KSC26.6 mi~59 min
KSC27.3 mi~1h 1m

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
  • 3/16/26
    Listed
    $475K
    $214/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
6.9% below market
Median comparable close price: $510,000
Typical Offer Discount
92.9% of list price
At that rate, a competitive offer ≈ $441,257
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.17 acres (7,405 sqft)
Full Baths
2
Half Baths
1
Garage
2 car (attached)
HOA Fee
$675/mo
Days on Market
97
MLS Area
383 - N Indialantic

Community & HOA

HOA

  • Name: Island Walk Condo Association
  • Fee: $675 / monthly

Schools

Elementary

Indialantic

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Mar 16, 2026
Parcel #
27-37-14-03-00000.0-000g.12
$475K

Listing Agent (for property info)

J
Jeremy Stewart
Compass Florida, LLC
321-626-5821
Call Listing Agent

Estimated Monthly Payment

$3,803/mo
Principal & interest
$2,503
Property taxes
$475
Insurance & HOA
$825

Based on a 6.90% rate, 30-year loan, and $475K price — down payment shown: $95,000.

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# 1072030

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Equal Housing Opportunity

MLS# 1072030 · Listing Broker: Compass Florida, 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.