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For SaleSingle Family Home
$850K
1540 Marcello Drive, Melbourne, FL 32934
Downtown Melbourne neighborhood
Subdivision: Veranda Place
4
Bedrooms
3
Bathrooms
2,722
Sq Ft
2015
Year Built
$312 /sqft

About This Property

Description from listing agent

Welcome home to Marcello Drive. As you step through the grand French doors, you're greeted by soaring ceilings and an elegant formal dining room, perfect for hosting holidays and special occasions. Continue into the heart of the home, where soaring tray ceilings and an open-concept layout create the ideal setting for both everyday living and entertaining. Wood-look tile flooring flows throughout the main living areas, while plantation shutters add timeless style and privacy throughout the home. The chef's kitchen is beautifully appointed with a gas range, granite countertops, custom cabinetry, a spacious center island with seating, and ample prep and storage space. A large pantry and additional utility closet provide exceptional organization, making the kitchen as functional as it is beautiful.

Space Coast Context

🚀 Launch Viewing — Good Views

30.5 mi from SLC-40

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

Aerospace Commute Guide
Northrop3.7 mi~8 min
L3Harris3.9 mi~9 min
Blue Origin25.2 mi~56 min
SpaceX25.8 mi~57 min
Lockheed25.9 mi~58 min
Boeing/KSC26.9 mi~1h
KSC27.1 mi~1h

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
  • 7/27/26
    Listed
    $850K
    $312/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 4 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
3.3% below market
Median comparable close price: $879,000
Typical Offer Discount
98.8% of list price
At that rate, a competitive offer ≈ $839,433
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 4 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
0.31 acres (13,504 sqft)
Full Baths
3
Total Rooms
7
Garage
3 car
HOA Fee
$887/mo
Pool
Yes
Days on Market
79
MLS Area
321 - Lake Washington/S of Post

Community & HOA

HOA

  • Name: Veranda Place
  • Fee: $887 / annually

Schools

Elementary

Sabal

Middle School

Johnson

Financial & Listing Details

Listed
Jul 28, 2026
Parcel #
27-36-13-Vc-00000.0-0030.00
$850K

Listing Agent (for property info)

E
Eliany Rivera
RE/MAX Prestige Realty
772-240-1898
Call Listing Agent

Estimated Monthly Payment

$6,365/mo
Principal & interest
$4,478
Property taxes
$850
Insurance & HOA
$1,037

Based on a 6.90% rate, 30-year loan, and $850K price — down payment shown: $170,000.

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# 1083536

What's Nearby

grocery
ALDI
0.9 mi away
home improvement
Harbor Freight Tools
1.0 mi away
grocery
Walmart Supercenter
1.0 mi away
restaurants
Subway
1.0 mi away
restaurants
321 pho
1.0 mi away
schools
Sabal Elementary School
1.0 mi away
restaurants
McDonald's
1.1 mi away
restaurants
Krispy Kreme
1.1 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083536 · Listing Broker: RE/MAX Prestige 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.