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1042 Spanish Wells Dr, Melbourne, FL, 32940

$650,000

Home List Price

$7,719*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
2,383 SqFt
$273/SqFt
House

Location

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1042 Spanish Wells Dr, Melbourne$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage
Attached Garage2 spaces
Year Built1988
HeatingNatural Gas
CoolingCentral Air, Electric
FireplaceWood Burning
ViewCanal, Trees/Woods
MLS #1026049
Lot Size0.36 Acres
StatusActive

About 1042 Spanish Wells Dr

Located in the sought-after Suntree community, this home offers access to great amenities, including parks, golf, tennis, pickleball, and convenient shopping and dining options. Nestled by a serene canal, this stunning brick home offers a perfect blend of luxury and comfort. Enjoy spectacular views, including rocket launches from the backyard oasis, complete with a sparkling pool, expansive deck, and cozy fire pit area. Inside, natural light floods the open layout, featuring a spacious living room with a fireplace, a family room for casual gatherings, and a beautifully remodeled kitchen with a stone backsplash and pass-through to a large porch—perfect for entertaining. The luxurious primary suite boasts double custom closets, a spa-like en-suite with a soaking tub, and direct access to the pool area. The home also includes a whole-house generator, natural gas, and updated flooring, including new carpet in the living room.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1988
  • Stories: 1
  • Living Area: 2,383 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 883-8509
  • Listing Agent: Nicholas Hall, Kristen Bear

Interior Features

Interior Information:

  • Appliances: Disposal, Microwave, Refrigerator
  • Flooring Type: Carpet, Tile, Wood
  • Interior: Breakfast Nook, Ceiling Fan(s), His and Hers Closets, Kitchen Island, Open Floorplan, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Canal, Trees/Woods

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Garage

Virtual/3D Tour

  • Virtual Tour: 1042 Spanish Wells Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot: Sprinklers In Front, Sprinklers In Rear
  • Lot Size: 0.36 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: N Wickham Rd to south on Interlachen to right on Palm Brook to right into Spanish Wells Subdivision then left on Spanish Wells Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $273/SqFt

HOA Fees:

  • Amount: $245
  • Frequency: Annually

Tax Information:

  • Annual Amount: $4,063
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

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Melbourne, FL

City

Med. Sold Price

$420.8K

Med. Price/SqFt

$237

Avg. Days On Market

58

# of Sold Homes

237

1042 Spanish Wells Dr vs Melbourne

55 DAYS ON ROCKET

-3 Days

$650,000

+$229.1K More

$273/SqFt

+$36 More

KEY TAKEAWAY

This property is $229.1K more than the Median Sold Price and $36/SqFt more than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1026049

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 883-8509
  • Listing Agent: Nicholas Hall, Kristen Bear

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 04, 2017Home Sold
$375,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,063$302,690
2019$4,893$320,430
2018$2,767$312,320
2017$2,767$194,490

History based on county public records data.

Payment Calculator

$3,332

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1121171
9
/10

  • Suntree Elementary School

  • 900 Jordan Blass Dr

  • 1.19 miles

  • Public District Grades KG-6

school-card-donut-1121172
9
/10

  • Quest Elementary School

  • 8751 Trafford Dr

  • 1.72 miles

  • Public District Grades KG-6

school-card-donut-1121173
9
/10

  • Longleaf Elementary School

  • 4290 N Wickham Rd

  • 2.62 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $92,290. The most common annual income of people living in Melbourne, FL is between $35k-100k. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1042 Spanish Wells Dr

What is the listing price of this property?

The listing price of 1042 Spanish Wells Dr property is $650,000.

What type of property is this?

The property 1042 Spanish Wells Dr is a house located in Melbourne, Florida, 32940.

Is this property for sale now?

Active Listing: 1042 Spanish Wells Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,063 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 4, 2017 for $375,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1042 Spanish Wells Dr has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1042 Spanish Wells Dr is 2,383 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1042 Spanish Wells Dr is 1988.

Rocket Homes›Florida›Brevard County›Melbourne›32940›1042 Spanish Wells Dr

This home is located at 1042 Spanish Wells Dr in Melbourne, FL and zip code 32940 in the Spanish Wells At Suntree neighborhood. This 2,383 square foot home, which was built in 1988, sits on a 0.36 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 29, 2024 and is currently priced at $650,000.

In October 2024, from all listings sold in Melbourne, FL there were more than 12 sold above asking price, over 160 sold below and more than 65 were sold right at the asked price. The inventory of homes for sale in Melbourne, FL between September 2024 and October 2024 increased by 2.1%. Listings spent 58 days on the market in October 2024, and had a median list price of $420,837 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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