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For SaleTownhouse
$285K
723 Spring Valley Drive, Melbourne, FL 32940
Suntree neighborhood
Subdivision: Courtyards Replat Suntree PUD Stage 5 Tract 62
2
Bedrooms
2
Bathrooms
1,278
Sq Ft
1985
Year Built
$223 /sqft

About This Property

Description from listing agent

SUPER DESIRABLE LOCATION IN SUNTREE FOR A GREAT PRICE. Pristine Single-story END UNIT with Courtyard & Garage! This 2BD/2BA villa offers outdoor privacy with its courtyard deck & open patio. The spacious kitchen overlooks the sunny courtyard, and the open living room/dining areas exude an air of sophistication with newer LVP flooring (no carpet here), crown molding & tasteful fixtures. The enclosed back porch under air adds more living space. Relax in your primary bedroom with windows overlooking the large green area plus a big walk-in closet, custom-tiled shower, & double sink vanity. Newer impact windows & garage door. This lovely community features a pool, tennis, pickle ball and more, and is ideally located close to golf, walking paths, shopping & is a short drive to the Beaches. HOA covers landscaping, exterior maintenance, insurance, and roof. Furnishings are negotiable. Lightly used as a vacation home, this one will definitely impress. See Features Sheet for all the updates.

Space Coast Context

🚀 Launch Viewing — Good Views

24.7 mi from SLC-40

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

Aerospace Commute Guide
Northrop7 mi~16 min
L3Harris8.6 mi~19 min
Blue Origin19.7 mi~44 min
SpaceX20.1 mi~45 min
Lockheed20.2 mi~45 min
Boeing/KSC21 mi~47 min
KSC21.3 mi~47 min

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
  • 7/28/26
    Listed
    $285K
    $223/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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
7.5% above median
Median comparable close: $265,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
100.1% of list price
At that rate, a competitive offer ≈ $285,173
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 3 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
0.07 acres (3,049 sqft)
Full Baths
2
Garage
1 car
HOA Fee
$490/mo
Days on Market
79
MLS Area
218 - Suntree S of Wickham

Community & HOA

HOA

Schools

Elementary

Suntree

Middle School

DeLaura

High School

Viera

Financial & Listing Details

Listed
Jul 28, 2026
Parcel #
26-36-13-Nd-00000.0-0012.00
$285K

Listing Agent (for property info)

P
Peggy Penridge
RE/MAX Elite
321-698-0797
Call Listing Agent

Estimated Monthly Payment

$2,427/mo
Principal & interest
$1,502
Property taxes
$285
Insurance & HOA
$640

Based on a 6.90% rate, 30-year loan, and $285K price — down payment shown: $57,000.

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# 1083551

What's Nearby

grocery
ALDI
0.4 mi away
restaurants
McDonald's
0.5 mi away
government
Florida Department of Revenue Taxpayer Service Center
0.5 mi away
restaurants
Starbucks
0.5 mi away
coffee shops
Starbucks
0.5 mi away
restaurants
Zaxby's
0.6 mi away
restaurants
Jersey Mike's Subs
0.6 mi away
grocery
The Fresh Market
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083551 · Listing Broker: RE/MAX Elite · 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.