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For SaleSingle Family Home
$675K
162 River Walk Drive, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: River Walk By The Sea
3
Bedrooms
2
Bathrooms
2,113
Sq Ft
1986
Year Built
$319 /sqft

About This Property

Description from listing agent

WELCOME TO COASTAL ELEGANCE WHERE OCEAN AND RIVER MEET IN PERFECT HARMONY IN THE EXCLUSIVE RIVER WALK COMMUNITY. This property offers deeded key entry only beach access and includes a rinse station! As the first home in the community, the beach is a very short distance and your dock on the river is a block away--ideal for launching kayaks, paddleboards, or enjoying sunset views over the water. Inside you will find fantastic views of the pool with a serene waterfall. Enjoy your privacy with a split bedroom layout. The primary bedroom is beyond large and a must have!! Relax on your private patio surrounded by lush tropical landscaping. This is your opportunity to live in this prestigious neighborhood in Melbourne Beach.

Space Coast Context

🚀 Launch Viewing — Fair Views

36.9 mi from SLC-40

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

Aerospace Commute Guide
L3Harris7.6 mi~17 min
Northrop8.7 mi~19 min
Blue Origin30.5 mi~1h 8m
Lockheed32 mi~1h 11m
SpaceX32.1 mi~1h 12m
Boeing/KSC34.6 mi~1h 17m
KSC35.3 mi~1h 19m

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
  • 10/19/25
    Listed
    $675K
    $319/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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
At market value
Median comparable close price: $665,000
Typical Offer Discount
97.4% of list price
At that rate, a competitive offer ≈ $657,437
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 3 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

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
0.36 acres (15,682 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$800/mo
Pool
Yes
Days on Market
247
MLS Area
384-Indialantic/Melbourne Beach

Community & HOA

HOA

  • Name: River Walk By The Sea
  • Fee: $800 / annually

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Oct 20, 2025
Parcel #
28-38-21-Ln-0000a.0-0001.00
$675K

Listing Agent (for property info)

S
Sandra Cheney
EXP Realty, LLC
321-423-3202
Call Listing Agent

Estimated Monthly Payment

$5,181/mo
Principal & interest
$3,556
Property taxes
$675
Insurance & HOA
$950

Based on a 6.90% rate, 30-year loan, and $675K price — down payment shown: $135,000.

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# 1060012

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Equal Housing Opportunity

MLS# 1060012 · Listing Broker: EXP Realty, 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.