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For SaleSingle Family Home
$399K
1340 Democracy Avenue, Melbourne, FL 32940
Viera neighborhood
Subdivision: Indian River Colony Club PUD Phase 1 Unit 2
4
Bedrooms
3
Bathrooms
2,361
Sq Ft
1988
Year Built
$169 /sqft

About This Property

Description from listing agent

Located in a resort-style country club community, offering top-notch amenities for an exceptional Florida lifestyle. Step into a grand entryway featuring elegant double doors, wood-look porcelain tile flooring, vaulted ceilings, and refined crown molding. The upgrades continue into the expanded kitchen, showcasing granite countertops and ample space for culinary creativity. A bonus office space provides added flexibility for work or hobbies. Perfect for entertaining or simply unwinding, this spacious home offers stunning panoramic views of both the tranquil water and golf course. Enjoy your morning coffee or evening sunsets from the screened lanai, where the peaceful scenery creates the perfect backdrop for everyday living.

Space Coast Context

🚀 Launch Viewing — Good Views

22.8 mi from SLC-40

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

Aerospace Commute Guide
Northrop10.1 mi~23 min
L3Harris11.6 mi~26 min
SpaceX18.3 mi~41 min
Blue Origin18.4 mi~41 min
Lockheed18.6 mi~41 min
Boeing/KSC18.7 mi~42 min
KSC18.8 mi~42 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
  • 7/15/25
    Listed
    $399K
    $169/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

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
0.31 acres (13,504 sqft)
Full Baths
3
Garage
3 car (attached)
Senior Community
Yes
Days on Market
355
MLS Area
216 - Viera/Suntree N of Wickham

Community & HOA

HOA

Schools

Elementary

Quest

Middle School

Kennedy

High School

Viera

Financial & Listing Details

Listed
Jul 17, 2025
Parcel #
26-36-03-01-0000b.0-0106.00
$399K

Listing Agent (for property info)

S
Shellie Raymond
Four Star Real Estate LLC
321-325-9974
Call Listing Agent

Estimated Monthly Payment

$2,651/mo
Principal & interest
$2,102
Property taxes
$399
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $399K price — down payment shown: $79,800.

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# 1051981

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Equal Housing Opportunity

MLS# 1051981 · Listing Broker: Four Star Real Estate LLC · 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.