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For SaleSingle Family Home
$405K
1611 Lago Mar Drive, Melbourne, FL 32940
Viera neighborhood
Subdivision: Grand Isle Phase 1 Viera N PUD Parcel U X
3
Bedrooms
2
Bathrooms
2,034
Sq Ft
2002
Year Built
$199 /sqft

About This Property

Description from listing agent

Beautifully maintained home in the gated 55+ community of Grand Isle. Situated on a desirable corner lot, the welcoming curb appeal begins with a paver driveway and walkway, while accordion hurricane shutters provide added confidence and peace of mind year-round. Inside, soaring ceilings and an open, airy layout create a sense of space that immediately puts you at ease. From the front entry, your eyes are drawn through the main living area and into the bright bonus room, making the home feel both expansive and inviting. Whether you're hosting friends, enjoying family visits, or simply relaxing with a good book, every space feels connected and comfortable. The kitchen serves as the heart of the home, featuring rich wood cabinetry, quartz countertops, and an open design. At the end of the day, the spacious owner's suite offers a peaceful retreat with a large walk-in closet, dual vanities, a soaking tub, and a walk-in shower. This home offers the easy, low-maintenance lifestyle you need!

Space Coast Context

🚀 Launch Viewing — Good Views

22.1 mi from SLC-40

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

Aerospace Commute Guide
Northrop10.7 mi~24 min
L3Harris12.2 mi~27 min
SpaceX17.7 mi~39 min
Blue Origin17.8 mi~40 min
Lockheed17.9 mi~40 min
Boeing/KSC18 mi~40 min
KSC18.1 mi~40 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
  • 6/19/26
    Price change
    $405K -2.4%
    $199/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
6.6% above median
Median comparable close: $380,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.0% of list price
At that rate, a competitive offer ≈ $393,001
Price Reductions
1 reduction
Originally listed at $404,999 · Cut $10,001 total
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
0.18 acres (7,841 sqft)
Full Baths
2
Total Rooms
10
Garage
2 car (attached)
HOA Fee
$299/mo
Senior Community
Yes
Days on Market
122
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

  • Name: Grand Isle HOA - Leland Management
  • Fee: $299 / monthly

Schools

Elementary

Quest

Middle School

Kennedy

High School

Viera

Financial & Listing Details

Listed
Apr 29, 2026
Parcel #
25-36-34-75-0000b.0-0001.00
$405K

Listing Agent (for property info)

M
Matthew R Stebbins
Dalton Wade, Inc.
321-482-3585
Call Listing Agent

Estimated Monthly Payment

$2,988/mo
Principal & interest
$2,134
Property taxes
$405
Insurance & HOA
$449

Based on a 6.90% rate, 30-year loan, and $405K price — down payment shown: $81,000.

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# 1075751

What's Nearby

government
Mailman Joey's
0.6 mi away
gas stations
7-Eleven
0.6 mi away
grocery
Winn-Dixie
0.7 mi away
restaurants
Long Dogger's
0.8 mi away
parks
Kerry Park Swings
0.8 mi away
parks
Kerry Park Playground
0.8 mi away
grocery
Whole Foods Market
0.9 mi away
restaurants
Panda Express
0.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1075751 · Listing Broker: Dalton Wade, 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.