NOT LISTED FOR SALE

Estimated Value: $2,194,327

5 Beds
3 Baths
3,027 Sq Ft
$725/Sq Ft Est. Value

Sale Details

Date Sold: January 27, 2025

Last sale price $2,150,000 $710 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $13,494 / mo

100 Days on Market

Highlights

  • 122 Feet of Waterfront
  • Docks
  • Boat Lift
  • Gemini Elementary School Rated A-
  • River Access
  • Intracoastal View

About This Home

As of January 2025

Introducing an Exceptional Waterfront Property on Riverside Drive in Melbourne Beach! Nestled on a spacious .78-acre lot with 108 ft of water frontage, this completely remodeled home offers stunning Southeast water views that stretch for miles along the Indian River. A newer tile roof adds style and security, while mature oak trees provide shade and a charming atmosphere. This property boasts some of the most beautiful sunsets the East Coast has to offer. With a 3-car garage, a new dock w/ 7,500 lb boat lift, and a circle driveway for ample parking, it's a haven for both land and water enthusiasts. The oversized pool, screened-in and surrounded by a paver pool deck, is perfect for relaxation and entertaining. Inside, you'll find an open floor plan that allows you to enjoy the expansive water views from every angle. The home features 5 spacious bedrooms and 3 baths, including a guest wing for added privacy. The master bedroom offers a serene waterfront view. Other highlights CLICK - include a bar with a wine cooler, built-in appliances, storage, and beautiful remodeled bathrooms. This Melbourne Beach waterfront property presents a lifestyle opportunity you won't want to miss.

Last Agent to Sell the Property

Ben Glover

Waterman Real Estate License #3348997 Listed on: 08/19/2024

Waterman Real Estate

Last Buyer's Agent

Benjamin Glover

One Sotheby's International

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,637

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 33,977 Sq Ft Lot
  • 122 Feet of Waterfront
  • Home fronts a seawall
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • River Front
  • East Facing Home
  • Many Trees

Parking

  • 3 Car Attached Garage
  • Additional Parking

Property Views

  • Intracoastal
  • River

Home Design

  • Tile Roof
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 3,027 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Pool

  • Screened Pool
  • In Ground Pool

Outdoor Features

  • River Access
  • Boat Lift
  • Docks
  • Deck

Schools

  • Gemini Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sunset Shores Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-38-06-50-0000a.0-0005.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,637

Year Built

Built in 1968 | Remodeled

Lot Details

0.78 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1968
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Lower Level
  • ResoLotFeatures: Many Trees
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: River, Water, Intracoastal
  • Water Body Name: Indian River
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Sunset Shores Subd
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • General Property Information Community Fee(s) YN: No
  • General Property Information Water Frontage Feet: 122
  • General Property Information CDD Fee YN: No
  • Marketing Remarks:Marketing Remarks: Introducing an Exceptional Waterfront Property on Riverside Drive in Melbourne Beach! Nestled on a spacious .78-acre lot with 108 ft of water frontage, this completely remodeled home offers stunning Southeast water views that stretch for miles along the Indian River. A new Tile roof adds style and security, while mature oak trees provide shade and a charming atmosphere. This property boasts some of the most beautiful sunsets the East Coast has to offer. With a 3-car garage, 7,500 lb boat lift, and a circle driveway for ample parking, it's a haven for both land and water enthusiasts. The oversized pool, screened-in and surrounded by a paver pool deck, is perfect for relaxation and entertaining. Inside, you'll find an open floor plan that allows you to enjoy the expansive water views from every angle. The home features 5 spacious bedrooms and 3 bathrooms, including a guest wing for added privacy. The master bedroom offers a serene waterfront view. Other highlights CLICK FOR MORE ~
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), His and Hers Closets, Kitchen Island, Open Floorplan, Primary Bathroom - Shower No Tub
  • Flooring: Carpet, Tile
  • Appliances: Dryer, Disposal, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 1

Exterior Features

  • Exterior Features: Dock, Boat Lift
  • Pool Features: In Ground, Screen Enclosure
  • Roof: Tile
  • Acres: 0.78
  • Pool Private: Yes
  • Waterfront Features: Navigable Water, River Access, River Front, Seawall, Intracoastal
  • Waterfront: Yes
  • Construction Type: Block, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Covered, Deck, Rear Porch, Screened

Garage/Parking

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

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: No
  • Association: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential
  • Land Lease: No
  • Lot Dimensions: 290 x 122.63 Aprox
  • Lot Size Sq Ft: 33977.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-38-06-50-0000a.0-0005.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12637.2

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Jan 27, 2025
Sold by
Richey James H and Richey Suzanne M
Bought by
Seller's Agent
Ben Glover
Waterman Real Estate
Buyer's Agent
Ben Glover
Glover Properties
List Price
$2,495,000
Sold Price
$2,150,000
Premium/Discount to List
-$345,000
-13.83%
Views
69
Current Estimated Value
$2,194,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,327
Avg. Annual Appreciation
1.25%

Purchase Details

Closed on
Feb 17, 2000
Sold by
Palermo Carmen J and Palermo Joanna V
Bought by
Richey James H and Richey Suzanne M

Purchase Details

Closed on
Aug 23, 1993
Sold by
Palermo Carmen Joseph and Palermo Joanna Veronica
Bought by
Palermo Joanna V
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Melbourne Beach, FL

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Property 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 Event Price List to Sale Price per Sq Ft
01/27/2025 01/27/25 Sold $2,150,000 -13.8% $710 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $2,495,000 0.0% $824 / Sq Ft
09/24/2024 09/24/24 Off Market $2,495,000 -- --
08/19/2024 08/19/24 For Sale $2,495,000 -- $824 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax 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.

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
2026 $13,270 $1,136,500
2025 $12,910 $913,960
2024 $12,637 $888,210
2023 $12,637 $862,340
2022 $12,479 $837,230 $0 $0
2021 $12,941 $812,850 $0 $0
2020 $12,843 $801,630 $0 $0
2019 $12,838 $783,610 $0 $0
2018 $12,774 $769,000 $0 $0
2017 $12,625 $753,190 $0 $0
2016 $12,966 $737,700 $565,250 $172,450
2015 $13,173 $732,580 $483,450 $249,130
2014 $13,232 $726,770 $482,250 $244,520
Source: Public Records

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Map

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

MLS Number: 1022573

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-50-0000A.0-0005.00

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