NOT LISTED FOR SALE

5378 Solway Dr Melbourne Beach, FL 32951

Floridana Beach Neighborhood

Estimated Value: $743,220

3 Beds
2 Baths
2,204 Sq Ft
$337/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2021

Last sale price $531,000 $241 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,057 / mo

1 Day on Market

Highlights

  • Lake Front
  • Property has ocean access
  • Boat Ramp
  • Gemini Elementary School Rated A-
  • Community Boat Dock
  • Home fronts a pond

About This Home

As of January 2021

Enjoy the warm winter sun on the southern facing oversized patio overlooking the tranquil water feature. With ample square footage for guests, this 3 bedroom home is the perfect property for a home away from home or the family that wants a pristine community without the yard work. The community fees cover all your landscaping, community pool, clubhouse, river-dock and ocean access so you can simply come home and turn-the-key for beachside living. With this home, you will actually enjoy your time at the beach, on the river or at the community pool, tennis and clubhouse. Discover what the locals know; there is no substitute to being in Melbourne Beach!

Last Agent to Sell the Property

Gibbs Baum

One Sotheby's International License #3247254 Listed on: 12/11/2020

One Sotheby's International

Co-Listed By

Gregory Zimmerman

One Sotheby's International License #3364053

Last Buyer's Agent

Joel Drapeau

Compass Florida LLC

Range of Values:

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

Home Type

  • Single Family

Est. Annual Taxes

  • $4,008

Year Built

  • Built in 2002

Lot Details

  • 7,841 Sq Ft Lot
  • Home fronts a pond
  • Lake Front
  • Street terminates at a dead end
  • North Facing Home

HOA Fees

  • $223 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Lake
  • Pond

Home Design

  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,204 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Security Gate

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Property has ocean access
  • Boat Ramp
  • Patio

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 29-38-10-80-0000e.0-0013.00

Community Details

Overview

  • Association fees include pest control, security
  • Indian Landing Phase 1 Association
  • Indian Landing Phase 1 Subdivision
  • Maintained Community

Recreation

  • Community Boat Dock
  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Phone Entry

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,008

Year Built

Built in 2002

Lot Details

7,841 Sq Ft Lot

HOA Fees

$223 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Dead End Street
  • Reso View: Lake, Pond, Water
  • ResoSecurityFeatures: Security Gate, Entry Phone/Intercom
  • Reso Association Amenities: Boat Dock, Clubhouse, Maintenance Grounds, Tennis Court(s), Management - Off Site, Management - Full Time, Pool
  • Reso Association Fee Includes: Pest Control, Security
  • Co List Office Mls Id: spa.ozosi
  • Co List Office Phone: 321-984-3135
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indian Landing Phase 1
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Breakfast Nook
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Boat Ramp - Private
  • Roof: Concrete
  • Acres: 0.18
  • Pool Private: No
  • Waterfront Features: Lake Front, Ocean Access, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 223.0
  • Association Fee Frequency: Monthly
  • Association Name: INDIAN LANDING PHASE 1
  • Association: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-38-10-80-0000e.0-0013.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4008.0

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
Dec 11, 2020
Closed on
Jan 11, 2021
Sold by
Richards Andrew A and Richards Mary R
Bought by
Seller's Agent
Gibbs Baum
One Sotheby's International
Buyer's Agent
Joel Drapeau
Compass Florida LLC
List Price
$539,000
Sold Price
$531,000
Premium/Discount to List
-$8,000
-1.48%
Current Estimated Value
$743,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,220
Avg. Annual Appreciation
6.10%
Original Mortgage
$424,800
Outstanding Balance
$369,468
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$373,752

Purchase Details

Closed on
Jan 24, 2003
Sold by
Floridron Indian Landing Ltd Inc
Bought by
Richards Andrew A and Richards Mary R J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Floridana Beach, FL

  • Lauren McPherson Real Estate Agent - PARKSIDE REALTY GROUP

    Lauren McPherson

    PARKSIDE REALTY GROUP

    (386) 517-6129

    132 Total Sales

    2 in Floridana Beach

    $870,000 Price Range

    Lauren McPherson
     Section Image
  • Jeremy Silber Real Estate Agent - Dale Sorensen Real Estate Inc.

    Jeremy Silber

    Dale Sorensen Real Estate Inc.

    (321) 425-8921

    92 Total Sales

    1 in Floridana Beach

    $555,000 Price

    Jeremy Silber
     Section Image
  • Brenda Corliss Real Estate Agent - Newton Real Estate Group

    Brenda Corliss

    Newton Real Estate Group

    (321) 273-7053

    20 Total Sales

    1 in Floridana Beach

    $660,000 Price

    Brenda Corliss
     Section Image
  • Karli Tucker Real Estate Agent - LPT Realty LLC

    Karli Tucker

    LPT Realty LLC

    (815) 923-5369

    46 Total Sales

    1 in Floridana Beach

    $870,000 Price

    Karli Tucker
     Section Image
  • David Andai Real Estate Agent - Compass Florida LLC

    David Andai

    Compass Florida LLC

    (321) 415-4838

    92 Total Sales

    1 in Floridana Beach

    $1,995,000 Price

    David Andai
     Section Image
  • Stephen Wright Real Estate Agent - Arium Real Estate, LLC

    Stephen Wright

    Arium Real Estate, LLC

    (321) 616-8928

    24 Total Sales

    1 in Floridana Beach

    $440,000 Price

    Stephen Wright
     Section Image
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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
$531,000 State Title Partners Llp
Richards Andrew A $288,900 --
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 $424,800
Closed Blair Thomas Vincent $424,800
Previous Owner Richards Andrew A $445,500
Source: Public Records

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
01/13/2021 01/13/21 Sold $531,000 -1.5% $241 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $539,000 -- $245 / 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 $7,656 $606,200
2025 $7,656 $599,060
2024 $7,136 $582,180
2023 $7,136 $565,230
2022 $6,653 $548,770 $0 $0
2021 $4,063 $303,840 $0 $0
2020 $4,008 $299,650 $0 $0
2019 $3,969 $292,920 $0 $0
2018 $3,986 $287,460 $0 $0
2017 $4,037 $281,550 $0 $0
2016 $4,118 $275,760 $90,000 $185,760
2015 $4,257 $273,850 $90,000 $183,850
2014 $4,292 $271,680 $100,000 $171,680
Source: Public Records

Agents Affiliated with this Home

  • Gibbs Baum Real Estate Agent - One Sotheby's International

    Seller's Agent in 2021

    Gibbs Baum

    One Sotheby's International

    (321) 432-2009

    57 in this area

    204 Total Sales

    Gibbs Baum
    Section Image
  • Gregory Zimmerman Real Estate Agent - One Sotheby's International

    Seller Co-Listing Agent in 2021

    Gregory Zimmerman

    One Sotheby's International

    (321) 704-3025

    54 in this area

    194 Total Sales

    Gregory Zimmerman
    Section Image

  • JD

    Buyer's Agent in 2021

    Joel Drapeau

    Compass Florida LLC

See All Agents

Map

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

MLS Number: 891382

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-38-10-80-0000E.0-0013.00

Florida Brevard County Melbourne Beach 32951 Floridana Beach

5378 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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