, MELBOURNE, FL, 32951
Sold2779 days on marketListed Dec 10, 2018Sold Aug 2, 2019MLS #R10487286
About this home
Unique & Elegant Oceanfront Estate on 1.55 acres. Double lot with 210 ocean frontage with multiple use options. Breathtaking views from this 8 bed 8 bath 3 car garage 7,296 sq. feet home. Prime location, 4 miles South from 5th Ave. House is currently operated as a Vacation Resort and zones Commercial and Multi Family to 9 Condominiums but no restriction on single family use. The commercial zoning is Vacation Resort or B + B inn. Home can be divided easily again to 2 single family homes. Tile roof, all windows & doors high rated hurricane impact, one of 2 private pools gas heated, two private docks to the ocean. Residence comes with 2 Riverfront docks and 2 boat slips across the street. Keep the home as an income property or use half or all for you or other half for your in-laws or rental
Facts & features
The home at a glance
8
Bedrooms
7
Bathrooms
5,804
Sqft
1.55 ac
Lot size
3
Garage
1992
Year built
2
Levels
$448
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Melbourne actives
$448 vs $221
Days on market
2779 vs 21 typical
Where $448/sqft sits among the 71 Melbourne actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Melbourne
Get to know Melbourne. See the full Melbourne guide →
The numbers that matter
The Melbourne market
$404K → $320K
Melbourne median sold, yr/yr
97.9%
Sale-to-list ratio (12 mo)
26 of 71
Melbourne actives have cut their price
Median sold price, Melbourne, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 543% above the Melbourne median. See the full Melbourne market guide →
Paper trail
This home's history
Reality check
What actually sold near
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$2,050,000
1400 99TH STREET NW · same community
4 bd · 3.5 ba · 3,324 sqft · $617/sqft · 4 DOM
Sold · May ’26$350,500
2925 TERRA CEIA BAY BOULEVARD UNIT 2203 · same community
2 bd · 2 ba · 1,939 sqft · $181/sqft · 40 DOM
Sold · Sep ’25$200,000
1710 54TH AVENUE E · same community
3 bd · 1 ba · 1,264 sqft · $158/sqft · 5 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for — before you fall in love.
Selling nearby?
What's your home worth today?
This sale is one data point — your home is another. Get a data-driven estimate built from real closed sales like this one, in about a minute.
The brief
Three things that matter here
01Positioned at the premium end
$2,600,000 runs 543% above the Melbourne median — but at 5,804 sqft it's also nearly 3 times the size of the typical Melbourne listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
2779 days on market against a Melbourne median of 21 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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