About This Property
Description from listing agentA Rare Oceanfront Opportunity unlike Any Other with Proven Income Potential. Completely reimagined & rebuilt down to the studs in 2022, this architect-designed oceanfront residence offers a combination of luxury, flexibility, and income potential rarely found on Melbourne Beach. Designed with two private entrances & separate electric meters, the home can be enjoyed as an elegant single-family residence, a private multigenerational retreat, or a luxury duplex--offering the opportunity to live in one residence while generating income from the other or accommodate extended family with complete privacy. Unlike most luxury oceanfront homes, this property offers the unique advantage of helping offset the cost of ownership through its versatile design & established rental history. Step outside to miles of pristine Atlantic shoreline, world-class surfing, fishing, breathtaking sunrises, and the largest sea turtle nesting beach in the Western Hemisphere. See supplement for more....
Space Coast Context
🚀 Launch Viewing — Fair Views
42.5 mi from SLC-40
42.5 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.
Price History
- 7/26/26Price change$3.7M -2.6%$773/sqft
- 6/10/26Price change$3.8M -2.7%$793/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.
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
Schools
Elementary
Gemini
Middle School
Hoover
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $19,468
- Property taxes
- $3,695
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $3.7M price — down payment shown: $739,000.
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.
