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For SaleSingle Family Home
$820K
125 Margarita Road, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Floridana Beach 5th Addn
4
Bedrooms
3
Bathrooms
1,981
Sq Ft
1998
Year Built
$414 /sqft

About This Property

Description from listing agent

Private coastal oasis--this stunning courtyard pool home offers the ideal blend of comfort, style, and versatility. The main residence features 3 bedrooms and 2 baths with a bright, open floor plan, soaring vaulted ceilings, and seamless indoor-outdoor living. A separate guest suite with private entrance-- with its own bedroom/office and full bath--makes this home perfect for visitors, multi-generational living, or a private workspace. The spacious primary suite boasts a beautifully updated en-suite bath, creating a relaxing retreat. At the heart of the home, the renovated kitchen shines with a gas stove, custom cabinetry, quartz countertops, and a large island that flows into the dining area. Step outside to your enclosed saltwater pool paradise. The expansive covered lanai extends your living space year-round, perfect for entertaining or unwinding in the coastal breeze. Recent upgrades provide peace of mind, including a 2017 roof, 2018 HVAC, Generator, shutters, pool resurfacing.

Space Coast Context

🚀 Launch Viewing — Fair Views

43.3 mi from SLC-40

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

Aerospace Commute Guide
L3Harris13.9 mi~31 min
Northrop15.2 mi~34 min
Blue Origin36.7 mi~1h 22m
Lockheed38.3 mi~1h 25m
SpaceX38.5 mi~1h 26m
Boeing/KSC41.1 mi~1h 32m
KSC41.9 mi~1h 33m

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
  • 3/20/26
    Listed
    $820K
    $414/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
0.26 acres (11,326 sqft)
Full Baths
3
Garage
2 car (attached)
HOA Fee
$65/mo
Pool
Yes
Days on Market
107
MLS Area
385 - South Beaches

Community & HOA

HOA

  • Name: FBCA
  • Fee: $65 / annually

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Mar 31, 2026
Parcel #
29-38-23-76-00021.0-0031.00
$820K

Listing Agent (for property info)

J
Joanie Shepherd
Prominent Properties of FL,LLC
321-243-5688
Call Listing Agent

Estimated Monthly Payment

$5,355/mo
Principal & interest
$4,320
Property taxes
$820
Insurance & HOA
$215

Based on a 6.90% rate, 30-year loan, and $820K price — down payment shown: $164,000.

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# 1072494

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Equal Housing Opportunity

MLS# 1072494 · Listing Broker: Prominent Properties of FL,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.