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For SaleLand / Lot
$429K
315 Island Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Riverside Landing of S Brevard
0
Bathrooms

About This Property

Description from listing agent

Discover the ultimate canvas for your dream waterfront retreat in the prestigious Riverside Landing community, situated in the captivating town of Melbourne Beach. Embrace the allure of coastal living with deeded access to both the ocean and river, offering boundless opportunities for aquatic adventures. Just a stone's throw away from Melbourne's secluded beaches, pristine riverbanks, top-tier schools, and vibrant shopping and dining destinations, this vacant land presents an unparalleled chance to craft your ideal coastal oasis.

Space Coast Context

🚀 Launch Viewing — Fair Views

39.9 mi from SLC-40

39.9 miles from SLC-40 — visible as a bright streak in good conditions.

Aerospace Commute Guide
L3Harris10.4 mi~23 min
Northrop11.6 mi~26 min
Blue Origin33.4 mi~1h 14m
Lockheed34.9 mi~1h 18m
SpaceX35.1 mi~1h 18m
Boeing/KSC37.6 mi~1h 24m
KSC38.4 mi~1h 26m

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
0.32 acres (13,939 sqft)
HOA Fee
$850/mo
Waterfront
Yes
Days on Market
206
MLS Area
385 - South Beaches

Community & HOA

HOA

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Feb 2, 2026
Parcel #
49-38-09-53-00000.0-0090.00
$429K

Listing Agent (for property info)

G
Gibbs Baum Greg Zim
One Sotheby's International
321-432-2009
Call Listing Agent

Estimated Monthly Payment

$3,689/mo
Principal & interest
$2,260
Property taxes
$429
Insurance & HOA
$1,000

Based on a 6.90% rate, 30-year loan, and $429K price — down payment shown: $85,800.

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# 1031931

What's Nearby

grocery
Publix
2.1 mi away
restaurants
El Platanito
2.8 mi away
government
Town Administrators Office
2.9 mi away
government
Council Chambers
2.9 mi away
government
Malabar Town Hall
2.9 mi away
government
Malabar Public Works Complex
2.9 mi away
fire stations
Valkaria Airport Fire / Rescue Station 87
3.0 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1031931 · Listing Broker: One Sotheby's International · 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.