NOT LISTED FOR SALE

5378 Solway Dr Melbourne Beach, FL 32951

Floridana Beach Neighborhood

Estimated Value: $689,462 - $783,000

3 Beds
2 Baths
2,204 Sq Ft
$339/Sq Ft Est. Value

Last Sold January 13, 2021

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

Est. 41% increase in value since last sale

Current estimated payment $4,730/month

1 Day on Market

Highlights

  • Lake Front
  • Property has ocean access
  • Boat Ramp
  • Gemini Elementary School Rated A-
  • 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

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

  • 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

0

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, Management - Full Time, Management - Off Site, Tennis Court(s)
  • Reso Association Fee Includes: Pest Control, Security
  • Co List Office Mls Id: spc.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
  • Location Tax and Legal Parcel Number2: 29-38-10-80-0000e.0-0013.00
  • 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: 4008.0
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 2204.0
  • General Property Information Building Area Total3: 2673.0
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Lot Size Square Feet2: 7841.0
  • 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: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Levels One: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Lot Features Dead End Street: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Interior Features Breakfast Nook: Yes
  • Waterfront Features Waterfront Community: Yes
  • Roof Concrete2: Yes
  • Security Features Entry PhoneIntercom: Yes
  • Exterior Features Boat Ramp - Private: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

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

Exterior Features

  • Exterior Features: Boat Ramp - Private
  • Pool Features: Community
  • Roof: Concrete
  • Acres: 0.18
  • Waterfront Features: Lake Front, Ocean Access, Pond, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Patio And Porch Features: Patio
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • View:Lake: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes
  • Waterfront Features:Ocean Access: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: INDIAN LANDING PHASE 1
  • General Property Information:Association Fee: 223.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Security: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Fee Includes:Pest Control: 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
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4008.0

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

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
Blair Thomas Vincent and Blair Deborah J
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
$746,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,116
Avg. Annual Appreciation
7.36%
Original Mortgage
$424,800
Outstanding Balance
$379,135
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$366,981

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

Range of Values:

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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
Blair Thomas Vincent $531,000 State Title Partners Llp
Richards Andrew A $288,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blair Thomas Vincent $424,800
Source: Public Records

Property History

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 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 $7,229 $599,060 -- --
2024 $7,136 $582,180 -- --
2023 $7,136 $565,230 $0 $0
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

    Seller's Agent in 2021

    Gibbs Baum

    One Sotheby's International

    (321) 432-2009

    73 in this area

    265 Total Sales

    Gibbs Baum
    Section Image
  • Gregory Zimmerman

    Seller Co-Listing Agent in 2021

    Gregory Zimmerman

    One Sotheby's International

    (321) 704-3025

    68 in this area

    247 Total Sales

    Gregory Zimmerman
    Section Image

  • J

    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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