362 Nikomas Way Melbourne Beach, FL 32951
Floridana Beach Neighborhood
3
Beds
2
Baths
1,720
Sq Ft
10,019
Sq Ft Lot
Highlights
- River Access
- Views of Preserve
- Deck
- Gemini Elementary School Rated A-
- Home fronts a canal
- No HOA
About This Home
As of May 2025Charming Waterfront Opportunity! Discover the potential of this stunning 3-bedroom, 2-bathroom waterfront property nestled in a prestigious neighborhood just steps from the beach. Imagine coming home to the soothing sounds of waves and the luxury of waterfront living, with million-dollar homes surrounding you. This property is perfect for both investors and those searching for their forever home. This blank canvas can significantly increase its equity, making it a smart investment with high growth potential. Enjoy spacious rooms, breathtaking views, and close access to the beach—your dream of coastal living is within reach. Whether you're envisioning a serene retreat or an income-generating asset, this gem offers incredible flexibility and opportunity. Don't miss the chance to own a piece of paradise and maximize its value!
Last Agent to Sell the Property
Arium Real Estate, LLC License #3575976 Listed on: 01/30/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,106
Year Built
- Built in 1988 | Remodeled
Lot Details
- 10,019 Sq Ft Lot
- Home fronts a canal
- South Facing Home
- Few Trees
Parking
- 2 Car Garage
- Garage Door Opener
Property Views
- Views of Preserve
- Canal Views
Home Design
- Fixer Upper
- Frame Construction
- Metal Roof
- Block Exterior
- Vinyl Siding
- Stucco
Interior Spaces
- 1,720 Sq Ft Home
- 2-Story Property
- Screened Porch
- Hurricane or Storm Shutters
Kitchen
- Eat-In Kitchen
- Electric Oven
- Microwave
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Jack-and-Jill Bathroom
- 2 Full Bathrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Outdoor Features
- River Access
- Deck
Schools
- Gemini Elementary School
- Hoover Middle School
- Melbourne High School
Farming
- Drainage Canal
Utilities
- Central Heating and Cooling System
- 200+ Amp Service
- Septic Tank
Community Details
- No Home Owners Association
- Sunnyland Beach Sec 7 Subdivision
Listing and Financial Details
- Probate Listing
- Assessor Parcel Number 29-38-26-Kd-0000e.0-0017.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2025
Closed on
May 9, 2025
Sold by
White Howard W
Bought by
Sunny Side Up Homes Llc
Seller's Agent
Stephen Wright
Arium Real Estate, LLC
Buyer's Agent
Stephen Wright
Arium Real Estate, LLC
List Price
$575,000
Sold Price
$440,000
Premium/Discount to List
-$135,000
-23.48%
Views
69
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.17%
Original Mortgage
$525,800
Outstanding Balance
$525,800
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
-$18,783
Similar Homes in Melbourne Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | Supreme Title Closings | |
| Warranty Deed | $440,000 | Supreme Title Closings |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,800 | Construction | |
| Closed | $525,800 | Construction | |
| Previous Owner | $332,025 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $50,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $699,900 | -1.8% | $398 / Sq Ft |
| 07/04/2025 07/04/25 | For Sale | $712,500 | +61.9% | $405 / Sq Ft |
| 05/09/2025 05/09/25 | Sold | $440,000 | -23.5% | $256 / Sq Ft |
| 02/14/2025 02/14/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | Price Changed | $575,000 | 0.0% | $334 / Sq Ft |
| 01/30/2025 01/30/25 | For Sale | $575,000 | -4.0% | $334 / Sq Ft |
| 01/15/2025 01/15/25 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | Price Changed | $599,000 | -4.2% | $348 / Sq Ft |
| 11/18/2024 11/18/24 | Price Changed | $625,000 | -2.3% | $363 / Sq Ft |
| 11/11/2024 11/11/24 | For Sale | $640,000 | -- | $372 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $2,106 | $159,580 | $0 | $0 |
| 2022 | $1,959 | $154,940 | $0 | $0 |
| 2021 | $2,011 | $150,430 | $0 | $0 |
| 2020 | $1,958 | $148,360 | $0 | $0 |
| 2019 | $1,901 | $145,030 | $0 | $0 |
| 2018 | $1,900 | $142,330 | $0 | $0 |
| 2017 | $1,909 | $139,410 | $0 | $0 |
| 2016 | $1,932 | $136,550 | $90,000 | $46,550 |
| 2015 | $1,977 | $135,610 | $90,000 | $45,610 |
| 2014 | $1,987 | $134,540 | $90,000 | $44,540 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Pacheco
J
Seller's Agent in 2025
Jessica Pacheco
Charles Rutenberg Realty
(714) 804-3943
3 Total Sales
-
Stephen Wright
S
Seller's Agent in 2025
Stephen Wright
Arium Real Estate, LLC
(321) 503-4708
1 in this area
15 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1028385
APN: 29-38-26-KD-0000E.0-0017.00
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