About This Property
Description from listing agentSTR investor opportunity. Furnished 4b/4.5b Oceanfront Melbourne Beach villa is a rare combination of rental potential & personal enjoyment directly on the Atlantic Ocean. No minimum or maximum stay requirements provide flexibility for owners & renters, w/optional professional management for a hands-off approach. Rental performance data is available for investors looking to evaluate the opportunity beyond the property itself. Open-concept living intentionally frames sweeping ocean views, w/a chef-inspired kitchen, oversized island & generous dining space designed for families & groups. A private movie theater offers memorable entertainment beyond the pool & beach. Direct beach access, secluded plunge pool & expansive ocean-facing patio make the oceanfront setting part of every stay. As part of Harbor Island Beach Club, this ocean villa also includes access to a resort-style community pool & boat slips. Schedule your private showing & explore this distinctive investment opportunity.
Space Coast Context
🚀 Launch Viewing — Fair Views
36.5 mi from SLC-40
36.5 miles from SLC-40 — visible as a bright streak in good conditions.
Estimates only — verify with Google Maps.
Flood Risk
High-velocity coastal zone with wave action. Strictest building requirements and highest insurance costs.
Estimated flood insurance: $4,000 – $12,000+ / 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.
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.
Location
Get DirectionsAdditional Details
Community & HOA
HOA
- Name: Melbourne Beach Homes Owners AssociationView HOA Profile →
- Fee: $1,926 / quarterly
Schools
Elementary
Gemini
Middle School
Hoover
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $14,489
- Property taxes
- $2,750
- Insurance & HOA
- $2,076
Based on a 6.90% rate, 30-year loan, and $2.8M price — down payment shown: $550,000.
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.
