NOT LISTED FOR SALE

1340 Democracy Ave Melbourne, FL 32940

Estimated Value: $376,059 - $386,000

4 Beds
3 Baths
2,361 Sq Ft
$161/Sq Ft Est. Value

Sale Details

Date Sold: February 17, 2026

Last sale price $385,000 $163 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,228 / mo

123 Days on Market

Highlights

  • On Golf Course
  • Gated with Attendant
  • RV or Boat Storage in Community
  • Fitness Center
  • Active Adult
  • Pond View

About This Home

As of February 2026

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.

Last Agent to Sell the Property

Shellie Raymond

Four Star Real Estate LLC License #3325835 Listed on: 07/17/2025

Co-Listed By

Robin Steininger

Four Star Real Estate LLC License #3364950

Last Buyer's Agent

Robin Steininger

Four Star Real Estate LLC License #3364950

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,553

Year Built

  • Built in 1988

Lot Details

  • 13,504 Sq Ft Lot
  • Property fronts a private road
  • On Golf Course
  • East Facing Home

Parking

  • 3 Car Attached Garage

Property Views

  • Pond
  • Golf Course

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt
  • Stucco

Interior Spaces

  • 2,361 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Screened Porch

Kitchen

  • Electric Range
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Dual Closets
  • 3 Full Bathrooms
  • No Tub in Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Quest Elementary School
  • Kennedy Middle School
  • Viera High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26-36-03-01-0000b.0-0106.00

Community Details

Overview

  • Active Adult
  • Property has a Home Owners Association
  • Association fees include cable TV, internet, ground maintenance, maintenance structure, pest control
  • $1,308 Other Monthly Fees
  • Indian River Colony Club Association
  • Indian River Colony Club Pud Phase 1 Unit 2 Subdivision
  • Maintained Community

Recreation

  • RV or Boat Storage in Community
  • Golf Course Community
  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,553

Year Built

Built in 1988

Lot Details

0.31 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: On Golf Course
  • Road Frontage Type: Private Road
  • Road Surface Type: Asphalt
  • Reso View: Golf Course, Pond
  • ResoSecurityFeatures: Gated with Guard
  • Reso Association Amenities: Clubhouse, Cable TV, Fitness Center, Golf Course, Gated, Maintenance Grounds, Maintenance Structure, Other, RV/Boat Storage, Shuffleboard Court, Tennis Court(s), Pool
  • Reso Association Fee Includes: Cable TV, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Other
  • Co List Office Mls Id: 0303441
  • Co List Office Phone: 321-255-6000
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indian River Colony Club PUD Phase 1 Unit 2
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Financial Info Electric: Underground
  • General Property Information Community Fee(s) YN: Yes
  • General Property Information Other Fee(s) Amount: 1307.67
  • Pets Allowed Total Number Of Pets: 2
  • General Property Information CDD Fee YN: No
  • Marketing Remarks:Marketing Remarks: Home to over 600 Military Veterans, Indian River Colony Club is a 55+ Private Country Club community with an extensive maintenance program for each home. It includes a Gordon Lewis designed 18-hole golf course, the At Ease Club fine dining restaurant with an executive chef, 19th Hole Restaurant and Bar, fitness center, heated swimming pool, tennis courts, croquet, bocce ball, and shuffleboard. The community is pet-friendly, guard-gated, with over 60 activity groups that have you feeling like you are on vacation. For all detailed information please contact Shellie, or Robin at 321-255-6000 ext. 1 or email us at IRCC@fourstarrealestate.com and visit IRCC's website: colonyclub.com.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), His and Hers Closets, Pantry, Primary Bathroom - Shower No Tub
  • Flooring: Other, Tile, Wood
  • Appliances: Dryer, Disposal, Electric Range, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Acres: 0.31
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Rear Porch, Screened

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: Yes
  • Association Fee Frequency: Monthly
  • Association Name: Indian River Colony Club
  • Association: Yes

Schools

  • Middle Or Junior School: Kennedy

Lot Info

  • Current Use: Single Family
  • Lot Size Sq Ft: 13504.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-36-03-01-0000b.0-0106.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4553.12

MLS Schools

  • Elementary School: Quest
  • High School: Viera

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2025
Closed on
Feb 17, 2026
Sold by
Lindsay Leigh Ann
Bought by
Butcher Michael V and Stephens Cherelda V
Seller's Agent
Shellie Raymond
Four Star Real Estate LLC
Buyer's Agent
Robin Steininger
Four Star Real Estate LLC
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Views
181
Current Estimated Value
$381,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,735
Avg. Annual Appreciation
-4.15%
Original Mortgage
$385,000
Outstanding Balance
$385,000
Interest Rate
6.16%
Mortgage Type
VA
Estimated Equity
-$3,735

Purchase Details

Closed on
Jul 30, 2024
Sold by
Connolly Suzanne P
Bought by
Linsday Leigh Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2023
Closed on
Sep 5, 2023
Sold by
John R Cleland And Clara K Cleland Trust
Bought by
Connolly Suzanne P and Lindsay Leigh Ann
Seller's Agent
Shellie Raymond
Four Star Real Estate LLC
Buyer's Agent
Robin Steininger
Four Star Real Estate LLC
List Price
$420,000
Sold Price
$347,000
Premium/Discount to List
-$73,000
-17.38%
Views
305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
Original Mortgage
$264,550
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2001
Sold by
Birch Howard Leigh and Birch Patricia Irene
Bought by
Cleland John R and Cleland Clara K

Purchase Details

Closed on
Nov 12, 1999
Sold by
Bunn Ralph W
Bought by
Birch Howard Leigh and Birch Patricia Irene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Butcher Michael V $385,000 Alliance Title
Linsday Leigh Ann $100 Southern Capital Title Agency
Linsday Leigh Ann $100 Southern Capital Title Agency
Connolly Suzanne P $347,000 Southern Capital Title Agency
Connolly Suzanne P $347,000 Southern Capital Title Agency
Cleland John R $185,000 --
Birch Howard Leigh $169,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Butcher Michael V $385,000
Previous Owner Linsday Leigh Ann $281,600
Previous Owner Connolly Suzanne P $264,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2026 02/17/26 Sold $385,000 -3.5% $163 / Sq Ft
11/17/2025 11/17/25 Pending -- -- --
10/15/2025 10/15/25 Price Changed $399,000 -6.1% $169 / Sq Ft
07/17/2025 07/17/25 For Sale $425,000 +22.5% $180 / Sq Ft
09/05/2023 09/05/23 Sold $347,000 -4.9% $147 / Sq Ft View Prior Sale
08/09/2023 08/09/23 Pending -- -- --
07/05/2023 07/05/23 Price Changed $365,000 -6.2% $155 / Sq Ft
06/01/2023 06/01/23 Price Changed $389,000 -7.4% $165 / Sq Ft
03/07/2023 03/07/23 For Sale $420,000 -- $178 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,337 $186,610 -- --
2024 $4,553 $171,750 -- --
2023 $4,553 $315,500 -- --
2022 $1,492 $113,060 $0 $0
2021 $1,501 $109,770 $0 $0
2020 $1,411 $108,260 $0 $0
2019 $1,344 $105,830 $0 $0
2018 $1,333 $103,860 $0 $0
2017 $817 $101,730 $0 $0
2016 $769 $99,640 $23,000 $76,640
2015 $824 $98,950 $23,000 $75,950
2014 $825 $98,170 $18,000 $80,170
Source: Public Records

Agents Affiliated with this Home

  • Shellie Raymond

    Seller's Agent in 2026

    Shellie Raymond

    Four Star Real Estate LLC

    (321) 325-9974

    235 in this area

    255 Total Sales

    Shellie Raymond
    Section Image
  • Robin Steininger

    Seller Co-Listing Agent in 2026

    Robin Steininger

    Four Star Real Estate LLC

    (321) 505-1468

    234 in this area

    252 Total Sales

    Robin Steininger
    Section Image
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1051981

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 26-36-03-01-0000B.0-0106.00

Florida Brevard County Melbourne 32940

1340 Democracy Ave, Melbourne, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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