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For SaleSingle Family Home
$410K
1401 Mcfarland Drive, Melbourne, FL 32904
West Melbourne neighborhood
Subdivision: Dunes at Heritage Lakes
4
Bedrooms
2
Bathrooms
1,828
Sq Ft
2023
Year Built
$224 /sqft

About This Property

Description from listing agent

Offering an assumable 4.99% interest rate! Welcome to this beautifully maintained 2023-built home in the desirable Dunes at Heritage Lakes community. Situated on a premium end lot, this single-story home offers 4 bedrooms, 2 bathrooms, and 1,828 sq. ft. of thoughtfully designed living space. The open-concept layout connects the kitchen, dining, and living areas, creating an easy flow for everyday living and entertaining. The kitchen features a large island, stainless steel appliances, ample cabinetry, and a walk-in pantry. The private owner's suite includes two walk-in closets, dual vanities, and a large walk-in shower. Three additional bedrooms offer flexibility for guests, family, or a home office. Outside, enjoy added privacy, extra side parking, a fully fenced backyard, and an oversized screened lanai perfect for relaxing or entertaining. Conveniently located near shopping, dining, beaches, MLB airport, and Aerospace companies!

Space Coast Context

🚀 Launch Viewing — Good Views

33.8 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4.5 mi~10 min
Northrop5.6 mi~12 min
Blue Origin28.5 mi~1h 4m
SpaceX29.1 mi~1h 5m
Lockheed29.2 mi~1h 5m
Boeing/KSC30.1 mi~1h 7m
KSC30.2 mi~1h 7m

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High Risk

Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.

Estimated flood insurance: $2,000 – $6,000+ / 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

Date
Event
Price
  • 6/8/26
    Listed
    $410K
    $224/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 11 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
3.6% below market
Median comparable close price: $424,990
Typical Offer Discount
98.4% of list price
At that rate, a competitive offer ≈ $403,217
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 11 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
0.2 acres (8,712 sqft)
Full Baths
2
Total Rooms
7
Garage
2 car
HOA Fee
$187/mo
Days on Market
37
MLS Area
331 - West Melbourne

Community & HOA

HOA

Schools

Elementary

Roy Allen

Middle School

Central

High School

Heritage

Financial & Listing Details

Listed
Jun 8, 2026
Parcel #
27-36-34-75-0000i.0-0006.00
$410K

Listing Agent (for property info)

N
Nick F Farinella Jr.
Coldwell Banker Realty
321-543-1685
Call Listing Agent

Estimated Monthly Payment

$2,907/mo
Principal & interest
$2,160
Property taxes
$410
Insurance & HOA
$337

Based on a 6.90% rate, 30-year loan, and $410K price — down payment shown: $81,980.

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# 1079445

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Equal Housing Opportunity

MLS# 1079445 · Listing Broker: Coldwell Banker 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.