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For SaleSingle Family Home
$280K
741 Banyan Drive, Melbourne, FL 32935
Croton Road Area neighborhood
Subdivision: Loveridge Heights Subd
2
Bedrooms
2
Bathrooms
1,200
Sq Ft
1950
Year Built
$233 /sqft

About This Property

Description from listing agent

***PRICE REDUCTION***Charming Melbourne Home Steps from Ballard Park & the River! This well-maintained home offers a desirable split floor plan with a spacious living area and plenty of natural light. The freshly installed tongue-and-groove soffit adds a touch of craftsmanship to the exterior, and the 2019 roof provides peace of mind. Featuring two bedrooms plus a versatile bonus room with an adjoining bathroom--perfect as a private master suite, guest room, or office. Located right next to beautiful Ballard Park, you'll enjoy quick access to riverfront views, recreation, and all that Melbourne has to offer.

Space Coast Context

🚀 Launch Viewing — Good Views

30.9 mi from SLC-40

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

Aerospace Commute Guide
Northrop0.7 mi~2 min
L3Harris1.4 mi~3 min
Blue Origin25 mi~56 min
SpaceX26.1 mi~58 min
Lockheed26.1 mi~58 min
Boeing/KSC27.8 mi~1h 2m
KSC28.3 mi~1h 3m

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
  • 2/9/26
    Listed
    $280K
    $233/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
No reductions
Listed price has not changed since hitting the market
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
0.23 acres (10,019 sqft)
Full Baths
2
Garage
1 car
Days on Market
132
MLS Area
330 - Melbourne - Central

Schools

Elementary

Harbor City

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Feb 9, 2026
Parcel #
27-37-21-Em-00012.0-0007.00
$280K

Listing Agent (for property info)

B
Barbra-Ann Parmenter
Arium Real Estate, LLC
321-341-6754
Call Listing Agent

Estimated Monthly Payment

$1,905/mo
Principal & interest
$1,475
Property taxes
$280
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $280K price — down payment shown: $56,000.

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# 1068940

Interested in this property?

Equal Housing Opportunity

MLS# 1068940 · Listing Broker: Arium Real Estate, 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.