NOT LISTED FOR SALE

242 River Walk Dr Melbourne Beach, FL 32951

Melbourne Beach Neighborhood

Estimated Value: $1,936,000 - $1,964,243

5 Beds
4 Baths
3,769 Sq Ft
$518/Sq Ft Est. Value

Last Sold July 01, 2021

Last sale price $1,650,000 $438 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,143/month

6 Days on Market

Highlights

  • Property has ocean access
  • Boat Dock
  • Solar Heated In Ground Pool
  • Gemini Elementary School Rated A-
  • Boat Lift
  • 2-minute walk to South Beach Community Park

About This Home

As of July 2021

Rare opportunity to own the largest, most private riverfront home in the exclusive community of River Walk by the Sea. Unimpeded sunset views. Catch the sunrise or spend the day from the deeded privately accessed oceanfront. Quirky, but exceedingly well-built home boasts personality in every room. Quiet street. Half acre+ of mature landscaping – even an avocado tree for homemade guacamole! Year round pool and spa with triple heat source. Quality, privacy, value abound. New Master Impact window. 4 Bedroom plus office or 5 Bedroom plan, large pool with spa, gas log fireplace, newly upgraded electric, recent tankless water heater, recent Stainless appliances, Bosch dishwasher, warming drawer. Covered lanai with stainless gas grill, 50 yr Galvalum 130 mph stone-coated metal roof Melbourne Beach's River Walk Subdivision Private .56 ACRE Indian Riverfront Estate w/ expansive waterviews and sunsets. 300 ft dock with water + power and 10,000 lb boat lift. Concrete Block solidly built home with wood beamed cathedral ceilings and Hardee Board exterior siding.

Last Agent to Sell the Property

Linda Wise

Tropical Realty & Inv. of Brev License #3001422 Listed on: 05/14/2021

Last Buyer's Agent

Sandra McNatt

EXP Realty, LLC License #3415640

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,470

Year Built

  • Built in 1980

Lot Details

  • 0.56 Acre Lot
  • River Front
  • East Facing Home
  • Vinyl Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • River
  • Pool

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 3,769 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Fireplace
  • Great Room
  • Family Room
  • Screened Porch

Kitchen

  • Butlers Pantry
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Solar Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Boat Lift
  • Patio
  • Outdoor Kitchen

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 28-38-21-Ln-0000a.0-0009.00

Community Details

Overview

  • Denise Mcgrath, President Association
  • River Walk By The Sea Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,470

Year Built

Built in 1980

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Reso View: Pool, River, Water
  • Water Body Name: Indian River
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: River Walk By The Sea
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-38-21-Ln-0000a.0-0009.00
  • Location Tax and Legal Elementary School: Gemini
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 6469.73
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 3769.0
  • General Property Information Building Area Total3: 4601.0
  • General Property Information Lot Size Acres: 0.56
  • General Property Information Lot Size Square Feet2: 24394.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Pool Features Solar Heat: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Interior Features Butler Pantry: Yes
  • Interior Features Guest Suite: Yes
  • Pool Features Electric Heat: Yes
  • General Property Information Lot Size Dimensions: 108 ft x 247 ft
  • Pool Features Gas Heat: Yes
  • Exterior Features Boat Lift: Yes
  • Interior Features Jack and Jill Bath: Yes
  • Fencing Vinyl2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Features, Butler Pantry, Ceiling Fan(s), Guest Suite, His and Hers Closets, Jack and Jill Bath, Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower, Primary Downstairs, Skylight(s), Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Flooring: Tile, Wood
  • Spa Features: Bath, In Ground
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Other
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Skylight(s): Yes

Exterior Features

  • Exterior Features: Outdoor Kitchen, Boat Lift
  • Pool Features: Electric Heat, Gas Heat, In Ground, Private, Solar Heat, Other
  • Roof: Metal
  • Fencing: Fenced, Vinyl
  • Acres: 0.56
  • Waterfront Features: Ocean Access, River Front, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Fiber Cement
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Waterfront Features:Ocean Access: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior Features Outdoor Kitchen2: Yes
  • View:River: Yes
  • Construction Materials:Fiber Cement: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 600.0
  • Association Fee Frequency: Annually
  • Association Name: Denise McGrath, President
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Denise McGrath, President
  • General Property Information:Association Fee: 600.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Dimensions: 108 ft x 247 ft
  • Lot Size Sq Ft: 24394.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2850150
  • Parcel #: 28-38-21-Ln-0000a.0-0009.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6469.73

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jul 1, 2021
Sold by
Demarest Deborah A and Demarest Stephen H
Bought by
Young Douglas H and Young Kelly I
Seller's Agent
Linda Wise
Tropical Realty & Inv. of Brev
Buyer's Agent
Sandra McNatt
EXP Realty, LLC
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$1,950,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,748
Avg. Annual Appreciation
4.10%
Original Mortgage
$1,237,500
Outstanding Balance
$1,125,271
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$825,649

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 15, 2020
Sold by
Caldwell Henry S and Caldwell Patricia D
Bought by
Demarest Deborah A and Demarest Stephen H
Seller's Agent
Laura Dowling-Roy
Premier Properties Real Estate
Buyer's Agent
Dave Settgast
One Sotheby's International
List Price
$1,395,000
Sold Price
$1,250,000
Premium/Discount to List
-$145,000
-10.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.22%

Purchase Details

Closed on
Aug 25, 2011
Sold by
Caldwell Henry S and Caldwell Patricia D
Bought by
Caldwell Henry S and Caldwell Patricia D

Purchase Details

Closed on
Aug 14, 2007
Sold by
Caldwell Henry S and Caldwell Patricia
Bought by
Caldwell Henry S and Caldwell Patricia D
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Young Douglas H $1,650,000 Attorney
Young Douglas H $1,650,000 None Listed On Document
Demarest Deborah A $1,250,000 Alliance Title Ins Agcy Inc
Caldwell Henry S -- Attorney
Caldwell Henry S -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Douglas H $1,237,500
Closed Young Douglas H $1,237,500
Previous Owner Caldwell Henry S $187,364
Previous Owner Caldwell Henry S $310,000
Previous Owner Caldwell Henry S $333,700
Previous Owner Caldwell Henry S $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2021 07/01/21 Sold $1,650,000 0.0% $438 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $1,650,000 +32.0% $438 / Sq Ft
12/15/2020 12/15/20 Sold $1,250,000 -10.4% $332 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $1,395,000 -- $370 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $17,804 $1,476,030 -- --
2023 $17,804 $1,433,040 $0 $0
2022 $16,609 $1,391,310 $0 $0
2021 $12,889 $983,610 $382,500 $601,110
2020 $6,470 $480,070 $0 $0
2019 $6,453 $469,280 $0 $0
2018 $6,493 $460,530 $0 $0
2017 $6,600 $451,060 $0 $0
2016 $6,750 $441,790 $324,000 $117,790
2015 $6,985 $438,720 $324,000 $114,720
2014 $7,049 $435,240 $306,000 $129,240
Source: Public Records

Agents Affiliated with this Home

  • Linda Wise

    Seller's Agent in 2021

    Linda Wise

    Tropical Realty & Inv. of Brev

    (321) 480-1141

    2 in this area

    104 Total Sales

    Linda Wise
    Section Image
  • Sandra McNatt

    Buyer's Agent in 2021

    Sandra McNatt

    EXP Realty, LLC

    (321) 423-3202

    7 in this area

    42 Total Sales

    Sandra McNatt
    Section Image
  • Laura Dowling-Roy

    Seller's Agent in 2020

    Laura Dowling-Roy

    Premier Properties Real Estate

    (321) 223-4671

    50 in this area

    177 Total Sales

    Laura Dowling-Roy
    Section Image
  • Dave Settgast

    Buyer's Agent in 2020

    Dave Settgast

    One Sotheby's International

    (321) 543-1187

    78 in this area

    276 Total Sales

    Dave Settgast
    Section Image
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Map

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

MLS Number: 904868

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-21-LN-0000A.0-0009.00

Florida Brevard County Melbourne Beach 32951 Melbourne Beach

242 River Walk Dr, Melbourne Beach, FL

This home is located at 242 River Walk Dr, Melbourne Beach, FL 32951 since 14 May 2021 and is currently estimated at $1,950,748, approximately $517 per square foot. This property was built in 1980. 242 River Walk Dr is a home located in Brevard County with nearby schools including Gemini Elementary School, Herbert C. Hoover Middle School, and Melbourne Senior High School.

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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