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For SaleSingle Family Home
$465K
883 Spring Oak Drive, Melbourne, FL 32901
University Park neighborhood
Subdivision: Forest Creek Subdivision Phase 2
4
Bedrooms
3
Bathrooms
2,288
Sq Ft
2002
Year Built
$203 /sqft

About This Property

Description from listing agent

50K REDUCTION - Built by Schwab Custom Homes featuring 4 bedrooms, 3 full bathrooms, deep 596 sq ft 2.5 car garage and massive 588 sq ft screen enclosure. Split floor plan, home comes with all the bells and whistles including high ceilings with crown moldings, luxurious maple kitchen cabinets with granite tops, recess lights throughout, separate living and family room for entertaining overlooking beautiful and quiet lake. Recently added 596 sq. ft. screen enclosure offers large family gathering. Lake front home sits on 85 ft wide lot in centrally located and highly sought after neighborhood. New Woof Floor, Roof 2021, AC 2020, Water Heater 2025. A MUST SEE!

Space Coast Context

🚀 Launch Viewing — Good Views

34.4 mi from SLC-40

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

Aerospace Commute Guide
L3Harris2.2 mi~5 min
Northrop4.2 mi~9 min
Blue Origin28.5 mi~1h 4m
SpaceX29.6 mi~1h 6m
Lockheed29.6 mi~1h 6m
Boeing/KSC31.3 mi~1h 10m
KSC31.7 mi~1h 11m

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
0.23 acres (10,019 sqft)
Full Baths
3
Garage
2 car (attached)
HOA Fee
$532/mo
Waterfront
Yes
Days on Market
226
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: Forest Creek HOA
  • Fee: $532 / annually

Schools

Elementary

University Park

Middle School

Stone

High School

Melbourne

Financial & Listing Details

Listed
Jan 16, 2026
Parcel #
28-37-09-37-00000.0-0135.00
$465K

Listing Agent (for property info)

L
Lien T Nguyen
Red 275
321-537-1356
Call Listing Agent

Estimated Monthly Payment

$3,597/mo
Principal & interest
$2,450
Property taxes
$465
Insurance & HOA
$682

Based on a 6.90% rate, 30-year loan, and $465K price — down payment shown: $93,000.

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# 1066751

What's Nearby

schools
University Park Elementary School
0.4 mi away
schools
Florida Institute of Technology Community Psychological Services of Florida Tech
0.6 mi away
schools
Florida Institute of Technology Music Program Studios
0.6 mi away
schools
Florida Institute of Technology Brownlie Hall
0.6 mi away
schools
Florida Institute of Technology Holzer Health Center
0.6 mi away
schools
Florida Institute of Technology CAPS Counseling Center
0.6 mi away
schools
Florida Institute of Technology Alumni House
0.6 mi away
golf
Crane Creek Reserve Golf Course
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1066751 · Listing Broker: Red 275 · 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.