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For SaleSingle Family Home
$490K
1444 Boca Rio Drive, Melbourne, FL 32940
Heritage Isle neighborhood
Subdivision: Grand Isle Phase 3
3
Bedrooms
2
Bathrooms
2,011
Sq Ft
2004
Year Built
$244 /sqft

About This Property

Description from listing agent

Rare opportunity to own one of the most private and beautifully updated homes in this highly coveted 55+ gated community. Perfectly positioned on a premium homesite with tranquil water views and a preserve backdrop, this exceptional residence offers over $100,000 in recent upgrades and shows like new construction. Enjoy the peaceful setting from the spacious under-truss porch and extended lanai overlooking the water, the perfect place for morning coffee, evening sunsets, or relaxed outdoor entertaining. Inside, all-new luxury vinyl plank flooring flows seamlessly throughout the entire home -- with no carpet. The fully renovated kitchen serves as the heart of the home, showcasing beautiful cabinetry with crown molding, highest-grade granite countertops, an expanded center island designed for gathering, and brand-new appliances. The owner's suite is a true retreat, featuring a customized walk-in closet and charming sitting room with serene water views. The updated ensuite offers a gra

Space Coast Context

🚀 Launch Viewing — Good Views

22.5 mi from SLC-40

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

Aerospace Commute Guide
Northrop10.4 mi~23 min
L3Harris12 mi~27 min
SpaceX18 mi~40 min
Blue Origin18.1 mi~40 min
Lockheed18.3 mi~41 min
KSC18.4 mi~41 min
Boeing/KSC18.4 mi~41 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 12/19/25
    Listed
    $490K
    $244/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 6 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
12.6% above median
Median comparable close: $435,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.5% of list price
At that rate, a competitive offer ≈ $477,550
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 (single family, condo, townhouse, etc.)
  • 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 ±20% of list price
  • Square footage within ±10–20% (tighter in early tiers)
  • Year built always within ±5–15 years (never dropped)

We search in tiers — starting with the same subdivision, then the same neighborhood, then the same zip code (up to 5 miles). Year built is always required so comps are from the same era of construction. We never search city-wide. Sales within the last 90 days are weighted 2× in the median to reflect current market conditions.

This is the same analysis a local agent performs by hand — done automatically on every listing.

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
0.16 acres (6,970 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$310/mo
Waterfront
Yes
Senior Community
Yes
Days on Market
101
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

  • Name: Grand Isle HOA - Leland Management
  • Fee: $310 / monthly

Schools

Elementary

Quest

Middle School

Viera Middle School

High School

Viera

Financial & Listing Details

Listed
Mar 11, 2026
Parcel #
25-36-34-Te-0000i.0-0005.00
$490K

Listing Agent (for property info)

T
Teresa Ferrara
RE/MAX Aerospace Realty
321-626-4192
Call Listing Agent

Estimated Monthly Payment

$3,531/mo
Principal & interest
$2,581
Property taxes
$490
Insurance & HOA
$460

Based on a 6.90% rate, 30-year loan, and $490K price — down payment shown: $97,980.

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# 1064737

Interested in this property?

Equal Housing Opportunity

MLS# 1064737 · Listing Broker: RE/MAX Aerospace 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.