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For SaleManufactured Home
$170K
505 Susan Drive, Melbourne, FL 32904
University Park neighborhood
Subdivision: Hollywood Estates
2
Bedrooms
2
Bathrooms
864
Sq Ft
1985
Year Built
$197 /sqft

About This Property

Description from listing agent

WELCOME TO THIS BEAUTIFULLY UPDATED 2 BEDROOM, 2 BATH HOME NESTLED IN THE HIGHLY DESIRABLE HOLLYWOOD ESTATES 55+ COMMUNITY, WHERE YOU OWN THE LAND! RECENT UPDATES FEATURE GRANITE COUNTERTOPS, SOFT-CLOSE CABINETRY, AND STAINLESS STEEL APPLIANCES. ENJOY PEACE OF MIND WITH A NEWER HVAC SYSTEM, NEWER ROOF, AND NEW WATERPROOF VINYL PLANK FLOORING THROUGHOUT THE MAIN LIVING AREAS. BOTH SPACIOUS BEDROOMS OFFER A WALK-IN CLOSET PLUS AN ADDITIONAL STANDARD CLOSET FOR EXTRA STORAGE. THE UTILITY ROOM, LOCATED UNDER THE COVERED SCREENED-IN PATIO, HOUSES THE WASHER AND DRYER AND PROVIDES AMPLE SPACE FOR A WORKSHOP OR HOBBY AREA. RESIDENTS ENJOY A VIBRANT COMMUNITY WITH ACTIVITIES, A POOL, CLUBHOUSE, PLUS RV AND BOAT STORAGE. CONVENIENTLY LOCATED IN THE HEART OF MELBOURNE NEAR SHOPPING, DINING, MELBOURNE INTERNATIONAL AIRPORT, AND LESS THAN 5 MILES FROM THE BEACH. EXPECT TO BE IMPRESSED!

Space Coast Context

🚀 Launch Viewing — Good Views

34.2 mi from SLC-40

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

Aerospace Commute Guide
L3Harris2.1 mi~5 min
Northrop4.1 mi~9 min
Blue Origin28.5 mi~1h 4m
SpaceX29.4 mi~1h 6m
Lockheed29.5 mi~1h 6m
Boeing/KSC31 mi~1h 9m
KSC31.4 mi~1h 10m

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.

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
0.13 acres (5,663 sqft)
Full Baths
2
HOA Fee
$25/mo
Senior Community
Yes
Days on Market
74
MLS Area
331 - West Melbourne

Community & HOA

HOA

Schools

Elementary

Meadowlane

Middle School

Central

High School

Melbourne

Financial & Listing Details

Listed
May 12, 2026
Parcel #
28-37-08-05-0000e.0-0051.00
$170K

Listing Agent (for property info)

C
Cheryl L Smith
Cheryl Smith Realty, Inc
321-544-8449
Call Listing Agent

Estimated Monthly Payment

$1,240/mo
Principal & interest
$895
Property taxes
$170
Insurance & HOA
$175

Based on a 6.90% rate, 30-year loan, and $170K price — down payment shown: $33,980.

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# 1077151

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Equal Housing Opportunity

MLS# 1077151 · Listing Broker: Cheryl Smith Realty, Inc · 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.