1 / 32
For SaleSingle Family Home
$330K
4351 Silver Lake Drive, Melbourne, FL 32901
South Melbourne neighborhood
Subdivision: South Lakes Phase I
3
Bedrooms
2
Bathrooms
1,902
Sq Ft
1991
Year Built
$174 /sqft

About This Property

Description from listing agent

Welcome to this beautifully updated 3-bedroom, 2-bath home in the highly sought-after South Lakes neighborhood of Melbourne! This charming residence boasts a new roof (2024), new gutters (2024), beautiful updated paver driveway, and A/C replaced in 2022 for peace of mind. Inside, you'll find updated 5-inch baseboards throughout, French doors, and a functional layout with an in-unit laundry. The kitchen is equipped with a gas range and gas hot water heater, while the well-fed sprinkler system keeps the lawn lush year-round. Aluminum hurricane shutters provide added protection. Located just minutes from Melbourne's shopping, dining, and entertainment—and only a short drive to the beach—this home offers the perfect blend of convenience and coastal living. Priced to sell, this one won't last—schedule your private showing today!

Space Coast Context

🚀 Launch Viewing — Fair Views

36 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4 mi~9 min
Northrop5.9 mi~13 min
Blue Origin30 mi~1h 7m
SpaceX31.1 mi~1h 9m
Lockheed31.1 mi~1h 9m
Boeing/KSC33 mi~1h 14m
KSC33.5 mi~1h 15m

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
  • 8/15/25
    Listed
    $330K
    $174/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 5 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
5.6% above median
Median comparable close: $312,500 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
95.6% of list price
At that rate, a competitive offer ≈ $315,522
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 5 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
0.18 acres (7,841 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$285.47/mo
Days on Market
318
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: South Lakes Association
  • Fee: $285.47 / annually

Schools

Elementary

University Park

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Aug 15, 2025
$330K

Listing Agent (for property info)

J
Jennifer J Coley
RE/MAX Elite
321-576-3887
Call Listing Agent

Estimated Monthly Payment

$2,504/mo
Principal & interest
$1,739
Property taxes
$330
Insurance & HOA
$435

Based on a 6.90% rate, 30-year loan, and $330K price — down payment shown: $66,000.

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# 1054692

Interested in this property?

Equal Housing Opportunity

MLS# 1054692 · Listing Broker: RE/MAX Elite · 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.