NOT LISTED FOR SALE

5237 Solway Dr Melbourne Beach, FL 32951

Floridana Beach Neighborhood

Estimated Value: $1,007,542 - $1,244,000

4 Beds
3 Baths
2,921 Sq Ft
$393/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $712,500 $244 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,944/month

25 Days on Market

Highlights

  • Property has ocean access
  • Community Boat Slip
  • In Ground Pool
  • Gemini Elementary School Rated A-
  • Home fronts navigable water
  • River View

About This Home

As of February 2020

Stunning Waterfront home in private gated community. Indian Landing is a planned community with direct access to the Indian River as well as Melbourne Beach. This newer constructed 4 bedroom 3 full bath boasts all that you have been looking for. Commanding views are seen from all windows on the rear of the home. The non-motorized canal offers complete serenity as the manatees frolic about. A private dock offers coffee or cocktail entertaining as well as storage for paddle boards and canoes. The separate private motor-boat dock located on the southern point of the community offers direct access to the Indian River with a channel and markers. There is a community fishing dock that has unobstructed views of sunsets and Canaveral launches. Inside, you are greeted with 11 foot ceilings and an

Last Agent to Sell the Property

Betsy Alaimo

Dale Sorensen Real Estate Inc. License #662849 Listed on: 01/03/2020

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Walter Tymeson

RE/MAX Aerospace Realty License #3295339

RE/MAX Aerospace Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,574

Year Built

  • Built in 2003

Lot Details

  • 0.35 Acre Lot
  • Home fronts navigable water
  • Home fronts a canal
  • South Facing Home

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • River
  • Canal

Home Design

  • Tile Roof
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,921 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Gate
  • Hurricane or Storm Shutters

Pool

  • In Ground Pool
  • Saltwater Pool
  • Screen Enclosure

Outdoor Features

  • Property has ocean access
  • Balcony

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 29-38-10-84-0000i.0-0038.00

Community Details

Overview

  • Brenda Grochowski/ Vesta Management Association
  • Indian Landing Riverside Subdivision
  • Maintained Community

Recreation

  • Community Boat Slip
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,574

Year Built

Built in 2003

Lot Details

0

HOA Fees

$260 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Reso Property Sub Type: Single Family Residence
  • Reso View: Canal, River, Water
  • ResoSecurityFeatures: Security Gate, Security System Owned
  • Reso Association Amenities: Boat Slip, Maintenance Grounds, Management - Off Site, Tennis Court(s)
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indian Landing Riverside
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 29-38-10-84-0000i.0-0038.00
  • 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: 5574.05
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Living Area2: 2921.0
  • General Property Information Building Area Total3: 3474.0
  • General Property Information Lot Size Acres: 0.35
  • General Property Information Lot Size Square Feet2: 15246.0
  • 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: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: 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
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Roof:Tile2: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Pool Features Screen Enclosure: Yes
  • Security Features Security System Owned: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Room Types Living Room: Yes
  • Roof Concrete2: Yes
  • Utilities Sewer Available: Yes
  • Pool Features Salt Water: Yes
  • Pets Allowed Breed Restrictions: Yes
  • ViewCanal: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Primary Bathroom - Tub with Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Pool Features:Community: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony, Storm Shutters
  • Pool Features: Community, In Ground, Private, Salt Water, Screen Enclosure
  • Roof: Concrete, Tile
  • Acres: 0.35
  • Waterfront Features: Canal Front, Navigable Water, Ocean Access, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Ocean Access: Yes
  • View:River: Yes
  • Waterfront Features:Canal Front: Yes
  • Waterfront Features:Navigable Water: 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, Sewer Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 260.0
  • Association Fee Frequency: Monthly
  • Association Name: Brenda Grochowski/ Vesta Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Brenda Grochowski/ Vesta Management
  • General Property Information:Association Fee: 260.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Amenities:Boat Slip: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-38-10-84-0000i.0-0038.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5574.05

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Tymeson Walter B and Tymeson Cynthia G
Bought by
Walter And Cynthia Tymeson Revocable Trust and Tymeson
Current Estimated Value
$1,148,886

Purchase Details

Listed on
Jan 3, 2020
Closed on
Feb 28, 2020
Sold by
Padula Frank J and Padula Patricia Ann
Bought by
Tymeson Walter B and Tymeson Cynthia G
Seller's Agent
Betsy Alaimo
Dale Sorensen Real Estate Inc.
Buyer's Agent
Walter Tymeson
RE/MAX Aerospace Realty
List Price
$799,000
Sold Price
$712,500
Premium/Discount to List
-$86,500
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
Jul 7, 2011
Sold by
Padula Frank J and Padula Patricia A
Bought by
Padula Frank J and Frank J Padula Revocable Trust

Purchase Details

Closed on
Jun 28, 2002
Sold by
Floridron Indian Landing Ltd Inc
Bought by
Padula Frank J and Padula Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

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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
Walter And Cynthia Tymeson Revocable Trust $100 None Listed On Document
Tymeson Walter B $712,500 Attorney
Padula Frank J -- Attorney
Padula Frank J $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padula Frank J $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $712,500 -10.8% $244 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $799,000 -- $274 / 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
2025 $7,687 $632,550 -- --
2024 $7,588 $614,730 -- --
2023 $7,588 $596,830 $0 $0
2022 $7,077 $579,450 $0 $0
2021 $7,450 $562,580 $0 $0
2020 $8,068 $564,880 $186,000 $378,880
2019 $5,543 $404,840 $0 $0
2018 $5,574 $397,300 $0 $0
2017 $5,660 $389,130 $0 $0
2016 $5,784 $381,130 $173,000 $208,130
2015 $5,988 $378,490 $173,000 $205,490
2014 $6,042 $375,490 $185,000 $190,490
Source: Public Records

Agents Affiliated with this Home

  • Betsy Alaimo

    Seller's Agent in 2020

    Betsy Alaimo

    Dale Sorensen Real Estate Inc.

    (407) 325-3646

    30 Total Sales

    Betsy Alaimo
    Section Image
  • Walter Tymeson

    Buyer's Agent in 2020

    Walter Tymeson

    RE/MAX

    (321) 355-8482

    5 in this area

    17 Total Sales

    Walter Tymeson
    Section Image
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Map

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

MLS Number: 864228

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-38-10-84-0000I.0-0038.00

Florida Brevard County Melbourne Beach 32951 Floridana Beach

5237 Solway Dr, Melbourne Beach, 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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