, MELBOURNE, FL, 32940
Sold2569 days on marketListed Jul 9, 2019Sold Jul 2, 2020MLS #R10545857
About this home
Elegance coupled with Quality in this Amazing Riverfront Home in the Gated Community of Portofino Bay! Simply Unique in Every Way! Attention to every Detail. Breathtaking Views of the Indian River with an Amazing Courtyard Entrance. This 4 bedroom 3.1 bath home boasts a Spacious Floor plan with the Master bedroom and living areas on the main floor. Gourmet Kitchen, Newly Updated Appliances, Beautifully appointed Master Suite, Down stairs Living area with 1 Bedroom, Bath, Dining and Family room overlooking the Sparkling Pool and Spa, and the most Amazing Basement Below! Very unique, with lots of space to play or putter! Three Car Garage that is Impeccable! Custom Window treatments and Plantation Shutters throughout as well as Custom Hurricane Shutters!
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
3,438
Sqft
3
Garage
2000
Year built
2
Levels
$268
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
$268 vs $221
Days on market
2569 vs 21 typical
Where $268/sqft sits among the 72 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)
28 of 72
Melbourne actives have cut their price
Median sold price, Melbourne, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 127% 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 · Nov ’25$375,000
3711 NE 23rd Court, Homestead FL 33033 · same community
4 bd · 3 ba · 2,076 sqft · $181/sqft · 23 DOM
Sold · Jul ’25$430,000
2260 NE 37th Ter, Homestead FL 33033 · same community
3 bd · 2.5 ba · 2,058 sqft · $209/sqft · 92 DOM
Sold · Aug ’25$440,000
3703 NE 23rd Ct, Homestead FL 33033 · same community
4 bd · 3 ba · 2,058 sqft · $214/sqft · 292 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
German Parra Tovar
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
$919,900 runs 127% above the Melbourne median — but at 3,438 sqft it's also nearly twice 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
2569 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 $965,000, now $919,900 — a $45K 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 German to ping you on any price or status change →