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For SaleSingle Family Home
$995K
5275 Palmetto Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: New Melbourne Beach
4
Bedrooms
3
Bathrooms
2,464
Sq Ft
2021
Year Built
$404 /sqft

About This Property

Description from listing agent

Enjoy Privacy in Paradise in this NEWER Melbourne Beach pool home, just two blocks from beach access. Built in 2021 (less than 5 years old) with 2,464 sq ft on a nearly quarter-acre lot, this 4-bedroom plus dedicated office, 3-bath home includes an upstairs ensuite. Renowned for constructing residences that stand up to the demands of coastal living, the builder has incorporated advanced humidity-resistant materials and energy-efficient systems to ensure long-term comfort and performance. The thoughtfully designed architecture blends beauty with function for lasting performance. Fine craftsmanship enhanced by upscale upgrades creates an inviting ambiance perfect for casual coastal living in Melbourne Beach! Outside, enjoy a fenced backyard with a large pool & firepit area w/ pavers, perfect for endless fun. Tucked away on a quiet dead-end street between the Melbourne Causeway & Sebastian Inlet Park. NO HOA. Top-rated schools including Gemini Elementary. *Some photos are virtually staged

Space Coast Context

🚀 Launch Viewing — Fair Views

40.4 mi from SLC-40

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

Aerospace Commute Guide
L3Harris11 mi~25 min
Northrop12.2 mi~27 min
Blue Origin33.9 mi~1h 16m
Lockheed35.5 mi~1h 19m
SpaceX35.6 mi~1h 19m
Boeing/KSC38.2 mi~1h 25m
KSC39 mi~1h 27m

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
  • 6/15/26
    Price change
    $995K -2.9%
    $404/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

Price history and market context for this listing.

Price Reductions
1 reduction
Originally listed at $995,000 · Cut $30,000 total
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
0.22 acres (9,583 sqft)
Full Baths
3
Garage
2 car (attached)
Pool
Yes
Days on Market
101
MLS Area
385 - South Beaches

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Apr 15, 2026
Parcel #
29-38-10-Gx-00011.0-0010.00
$995K

Listing Agent (for property info)

D
Dawn Carey
Blue Marlin Real Estate
321-288-8445
Call Listing Agent

Estimated Monthly Payment

$6,387/mo
Principal & interest
$5,242
Property taxes
$995
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $995K price — down payment shown: $199,000.

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# 1074728

Interested in this property?

Equal Housing Opportunity

MLS# 1074728 · Listing Broker: Blue Marlin 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.