8 months on rocket

5407 Solway Dr, Melbourne Beach, FL, 32951

$735,000

Home List Price

$8,728*

Closing Credit

3 Bedrooms
2 Full Baths
1,998 SqFt
$368/SqFt
House

Location

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5407 Solway Dr, Melbourne Beach$735,000

Buyer Closing Credits

$8,728*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage
Garage2 spaces
Year Built2002
HeatingCentral
CoolingCentral Air
WaterfrontCanal
FireplaceElectric
ViewCanal
MLS #1006258
Lot Size0.26 Acres
StatusActive

About 5407 Solway Dr

Now offered at a reduced price. This Coastal Home, Just steps away from the beach with a NEW tile roof and a private dock in the backyard, withstood hurricanes Milton and Helene with no damage, proving it's strength in such a prime location near the water.Enjoy front-row seats to sunsets and marine life from your private dock on the canal. The backyard offers an amazing opportunity to put in a pool overlooking water. the Just a 5-minute walk, find the community beach, community heated pool, and community fishing pier for seaside bliss. Boaters will appreciate deeded space in the boatyard. Relax on the screened patio overlooking the expansive backyard. Inside, discover high ceilings, hardwood floors, and an updated kitchen. The owner's suite features dual walk-in closets and a luxurious bathroom. Modern amenities include electric fireplace, and washer/dryer. With a 2-car garage, updated fans, new exterior/interior paint, newer carpet, and hot water heater, every comfort is considered.

Property Details

Property Features

Property Information:

  • Year Built: 2002
  • Stories: 1
  • Living Area: 1,998 SqFt

Listing Office:

  • Office Name: Align Right Realty Clearwater
  • Office Phone: (727) 286-8789
  • Listing Agent: Alejandro Caballero

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring Type: Carpet, Wood
  • Interior: Ceiling Fan(s), Pantry, Walk-In Closet(s)
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Canal
  • View: Canal
  • Exterior: Boat Slip, Boat Dock

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage

Virtual/3D Tour

  • Virtual Tour: 5407 Solway Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From 192, go A1A South to Indian Landing, which will be on the right. Enter the gate and bear right on Solway Drive. Home is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $735,000
  • Price Per SqFt: $368/SqFt

HOA Fees:

  • Amount: $441
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $4,699
  • Tax Year: 2020
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Housing Market Comparison

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

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Melbourne Beach, FL

City

Med. Sold Price

$714.5K

Med. Price/SqFt

$362

Avg. Days On Market

139

# of Sold Homes

17

5407 Solway Dr vs Melbourne Beach

266 DAYS ON ROCKET

+127 Days

$735,000

+$20.5K More

$368/SqFt

+$5 More

KEY TAKEAWAY

This property is $20.5K more than the Median Sold Price and $5/SqFt more than other homes in Melbourne Beach, 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: #1006258

Listing Office:

  • Office Name: Align Right Realty Clearwater
  • Office Phone: (727) 286-8789
  • Listing Agent: Alejandro Caballero

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: 11/21/2024, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 06, 2006Home Sold
$475,000
Oct 16, 2002Home Sold
$283,900

Tax History

YEARPROP. TAXASSESSMENT
2020$4,699$356,230
2019$4,693$348,230
2018$4,737$341,740
2017$4,737$332,810

History based on county public records data.

Payment Calculator

$4,177

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,270

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-333367
3
/10

  • Palm Bay Elementary School

  • 1200 Alamanda Rd NE

  • 5.98 miles

  • Public District Grades PK-6

school-card-donut-333368
10
/10

  • Gemini Elementary School

  • 2100 Oak St

  • 6.11 miles

  • Public District Grades KG-6

school-card-donut-333369
6
/10

  • Port Malabar Elementary School

  • 301 Pioneer Ave NE

  • 6.67 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 $69,749. Residents of Melbourne Beach, FL typically earn between $35k-100k each year. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5407 Solway Dr

What is the listing price of this property?

The listing price of 5407 Solway Dr property is $735,000.

What type of property is this?

The property 5407 Solway Dr is a house located in Melbourne Beach, Florida, 32951.

Is this property for sale now?

Active Listing: 5407 Solway 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 $4,699 (source: MLS/based on county public records data).

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

The last sale was on February 6, 2006 for $475,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5407 Solway Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5407 Solway Dr is 1,998 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5407 Solway Dr is 2002.

Rocket Homes›Florida›Brevard County›Melbourne Beach›32951›5407 Solway Dr

This home is located at 5407 Solway Dr in Melbourne Beach, FL and zip code 32951 in the Indian Landing neighborhood. This 1,998 square foot home, which was built in 2002, sits on a 0.26 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $735,000.

In October 2024, from all listings sold in Melbourne Beach, FL there were more than 0 sold above asking price, over 16 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Melbourne Beach, FL between September 2024 and October 2024 increased by 2.6%. In October 2024, listings were on the market for 139 days. During the same period, the median list price in this real estate market was $714,500.

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

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