205 RITA BOULEVARD, MELBOURNE BEACH, FL, 32951
Active25 days on marketListed Aug 26, 2026MLS #TB8542577
About this home
205 RITA BOULEVARD
Experience Island Life in Melbourne Beach! This is what a true coastal retreat feels like. Just Reduced! Now offered at $525,000. Set on a rare double lot in Ocean Edge Colony, this 4-bedroom home offers space, flexibility, and a relaxed pace of living, all within close proximity to the beach. Here, the coastal lifestyle isn't just a weekend activity, it becomes part of your everyday routine. Morning walks, ocean breezes, and the ability to come and go with ease create a sense of balance that's hard to replicate. Inside, the home is designed for comfortable, low-maintenance living. Tile and laminate flooring provide durability and easy maintenance, and the layout connects naturally, making daily life and entertaining feel effortless. The renovated kitchen is both practical and welcoming, featuring marble countertops, ready for everything from casual meals to gatherings with friends and family. Recent updates, including a new AC system, new roof and refreshed bathroom vanity, add comfort and reliability, while Bahama shutters provide both coastal charm and functional protection. Outdoors, the property truly stands apart. The covered patio offers a shaded place to relax, while the expansive double lot, complete with mature landscaping including coconut and banana trees, gives you room to spread out, entertain, or simply enjoy your surroundings. With ample space for a boat or RV, you're free to fully embrace everything this lifestyle offers. Great location for a family, vacation home, or investment opportunity. CALL TODAY to schedule a showing!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
2,274
Sqft
0.26 ac
Lot size
2
Garage
1978
Year built
Two
Levels
$231
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,014 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$4,014/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
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 Beach actives
$231 vs $650
Days on market
25 vs 15 typical
Where $231/sqft sits among the 6 Melbourne Beach 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 South Reach
Get to know Melbourne Beach. See the full Melbourne Beach guide →
South Reach — neighborhood snapshot
Population
16,424
Median age
56
Median income
$84,378
Median home value
$501,969
Avg household
2
Households w/ children
1,259
For the school run
Brevard County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Melbourne Beach market
$972K → $650K
Melbourne Beach median sold, yr/yr
91.8%
Sale-to-list ratio (12 mo)
1 of 6
Melbourne Beach actives have cut their price
Median sold price, Melbourne Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 53% below the MELBOURNE BEACH 32951 median. See the full Melbourne Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 205 RITA BOULEVARD
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$855,000
290 MARLIN PLACE
4 bd · 3.5 ba · 2,368 sqft · $361/sqft · 0 DOM
Sold · Jul ’26$805,000
225 STRAND DRIVE UNIT 304
3 bd · 3 ba · 1,917 sqft · $420/sqft · 0 DOM
Sold · Jun ’26$760,000
225 STRAND DRIVE UNIT 305
3 bd · 3 ba · 1,917 sqft · $396/sqft · 135 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
Anealya Hammad
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 205 RITA BOULEVARD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 205 RITA BOULEVARD — before you fall in love.
See it in person
Schedule a tour
Live availability from Anealya's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
205 RITA BOULEVARD FAQs
What would the monthly payment be for 205 RITA BOULEVARD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $4,014/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 205 RITA BOULEVARD?+
The most recent tax bill on record (2025) was $6,372. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Melbourne Beach?+
At $525,000, this home is listed about 71% below the Melbourne Beach median of $1,837,500. The market section on this page shows how the area is trending.
Which schools are assigned to 205 RITA BOULEVARD?+
Gemini Elementary School (elementary), Herbert C. Hoover Middle School (middle), Melbourne Senior High School (high) — Brevard County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the MELBOURNE BEACH 32951 market on paper
$525,000 is 53% below the MELBOURNE BEACH 32951 median of $1,112,000, and at $231/sqft it sits under the Melbourne Beach average of $791.
02City views
The city view is part of what you're buying — views hold value independently of the structure.
03Strong assigned schools
Gemini Elementary School, Herbert C. Hoover Middle School, Melbourne Senior High School — Gemini Elementary School rates 5 of 5. Always verify assignments with the district.
Listing courtesy of KELLER WILLIAMS SPACE COAST · Richard Lemon. MLS #TB8542577.
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 Stellar MLS.
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