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5225 Palm Drive, Melbourne Beach FL 32951

House Recently Sold
$615,500

BTC: 9.55745342

ETH: 323.49787663

Sold on: 2023-08-21
9 days
3 bds
1 ba
912 sqft

Overview

Charming Barrier Island Haven-Tropical Oasis Retreat. Experience the tranquil luxury of island living with this unique property nestled in a lush, tropical oasis on a coveted barrier island. Boasting exceptional privacy and stunning natural surroundings. This house presents an appealing blend of comfort & style, featuring an open living area, comfortable bedrooms and expansive outdoor spaces for both entertaining and relaxation. Charming 3 bedroom, 1 bath coastal cottage with private solar heated pool. Fully fenced in front and back yard, excellent for safety of children and pets. It has an RV pad with hook ups that can be used as a short term rental property. This property is currently a thriving Airbnb rental loved by all who have visited! I is only a 2 minute walk to beach access!

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Awning / Covered / Slab/Strip
Year Built:
1982
Lot:
0.26 Acres
Heating:
Central / Electric
Price/sqft:
$723
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$229,900
$189K – $395K
Confidence Low
List vs. estimate
$429K above estimate
List $659,000 · +186.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$722
+57.0% vs. city median $460
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,829
2022
Pool
Equipment Stays
View
Garden, Pool
Parking
2 spaces
Pets
Allowed
All facts and features
  • Flooring

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    Other interior features

    • Closet Cabinetry

    • Cooking Island

    • Pantry

    • Florida Room

    • Storage

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 1

  • Parking

    • 2 Or More Spaces

    • Awning

    • Covered

    • Slab/Strip

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: East Of Us1 / Balcony / Open Balcony / Screened Balcony

    Lot

    • Lot: 0.26 Acres

    Other Property Information

    • Parcel Number: 293810gx00002038

    • Zoning: RU17

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Septic

    • Water Connected

    • Water Available

  • Other financial information

    • Annual tax amount: $2,829

  • Source details

    • MLS ID: R10902771

    Other facts

    • Construction Materials: Frame / Frame With Stucco / Piling Construction

    • Laundry Features: Laundry Room / Utility Room/Laundry / Washer Hookup

    • Lot Features: Less Than 1/4 Acre Lot / 1/4 To Less Than 1/2 Acre Lot / East Of US 1 / Treed Lot / Fenced / Septic

    • Patio And Porch Features: Open Balcony / Patio / Screened Porch

    • Pool Features: Equipment Stays / Gunite / Heated / Solar Heat

    • Window Features: Partial Other Protection / Hurricane Shutters / Blinds / Drapes / Verticals

    • Direction Faces: West

    • Other Structures: Livable

    • Attached Garage: Yes

    • Living Area: 912

    • Water Source: Well

    • Subdivision Name: New Melbourne Beach,Crystal Lakes

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Paradise