, MELBOURNE, FL, 32951
Sold2730 days on marketListed Jan 28, 2019Sold Mar 27, 2020MLS #R10499499
About this home
Upscale coastal living and peace of mind meet blissfully in this artfully constructed, well designed oceanfront home. This home distinguishes itself with storm protection features exceeding current Miami-Dade code. Built with fortress-like reinforced concrete construction 22ft above sea level, cement board siding, 40 year metal roof, electric storm shutters, impact windows, private well with treatment system, 1,000 gallon underground propane tank and whole house generator. Lifestyle features include private gated entrance, elevator, nearly 150ft of ocean frontage, ocean to river views, 3,000sqft coral terrace, 3,000sqft resort style enclosed pool area, featuring heated 75ft pool, spa with waterfall, gym & sauna (nearly 6,000sqft highly finished area not calculated in price per sqft).
Facts & features
The home at a glance
5
Bedrooms
6
Bathrooms
6,419
Sqft
0.87 ac
Lot size
3
Garage
2008
Year built
3
Levels
$506
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
$506 vs $221
Days on market
2730 vs 21 typical
Where $506/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 703% 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 · Aug ’25$3,100,000
5259 HIGHWAY A1A · same community
4 bd · 2.5 ba · 3,250 sqft · $954/sqft · 111 DOM
Sold · Aug ’25$3,100,000
Nearby listing · same community
4 bd · 2.5 ba · 3,250 sqft · $954/sqft · 111 DOM
Sold · Oct ’25$695,000
5120 PALM DRIVE · same community
3 bd · 2 ba · 1,495 sqft · $465/sqft · 30 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
Tyler Stoddard
REALTOR · 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
Four things that matter here
01Positioned at the premium end
$3,250,000 runs 703% above the Melbourne median — but at 6,419 sqft it's also nearly 4 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
2730 days on market against a Melbourne median of 21 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $3,300,000, now $3,250,000 — a $50K cut. The full history is in the market section below.
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®.
Never miss a listing
New Melbourne homes, in your inbox
Like but not quite? A daily digest of every new listing in Melbourne — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Tyler to ping you on any price or status change →