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For SaleSingle Family Home
$1.9M
1696 Gracewood Drive, Melbourne, FL 32940
Viera neighborhood
Subdivision: ARIPEKA AT VIERA PHASE 1
4
Bedrooms
3
Bathrooms
3,642
Sq Ft
2024
Year Built
$522 /sqft

About This Property

Description from listing agent

HUGE PRICE IMPROVEMENT!! This modern lakefront luxury home offers 3642sf. This 2024 home sits on .47 acres and delivers an elevated design with water views that feel well-planned from the beginning. This home flaunts an open-concept interior, Sonos speaker system, custom closets, impact-rated windows, Flex Room-85'' TCL flat screen w/ custom cabinetry. The living room makes a bold impression with coffered ceilings, custom-built lighted entertainment center, electric fireplace & 98'' TCL TV! (FURNITURE NEGOTIABLE!!) The high-end Chef's kitchen boasts THOR SS appliances, dual ovens, lighted cabinetry, butler pantry, oversized island & more; matched by a full summer Kitchen outside with a Jett-equipped Spa overlooking the water. Additional highlights: Custom closets, Impact-rated windows-doors, metal roof, wood tile floors. Stop by today! Close to Orlando Airport, Amusement Parks, Costco, Shopping, Restaurants & .

Space Coast Context

🚀 Launch Viewing — Good Views

25.9 mi from SLC-40

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

Aerospace Commute Guide
Northrop7.9 mi~18 min
L3Harris9.2 mi~21 min
Blue Origin21.3 mi~47 min
SpaceX21.4 mi~48 min
Lockheed21.6 mi~48 min
KSC21.9 mi~49 min
Boeing/KSC21.9 mi~49 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.

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
0.47 acres (20,473 sqft)
Full Baths
3
Garage
3 car (attached)
HOA Fee
$1895.4/mo
Waterfront
Yes
Days on Market
173
MLS Area
217 - Viera West of I 95

Community & HOA

HOA

  • Name: Artemis
  • Fee: $1,895.4 / annually

Schools

Middle School

DeLaura

High School

Viera

Financial & Listing Details

Listed
Jan 24, 2026
Parcel #
26-36-22-Ye-0000d.0-0013.00
$1.9M

Listing Agent (for property info)

C
Coleen M Hughes
Cornell Real Estate
321-543-0774
Call Listing Agent

Estimated Monthly Payment

$13,956/mo
Principal & interest
$10,010
Property taxes
$1,900
Insurance & HOA
$2,045

Based on a 6.90% rate, 30-year loan, and $1.9M price — down payment shown: $379,980.

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# 1067496

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Equal Housing Opportunity

MLS# 1067496 · Listing Broker: Cornell Real Estate · 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.