For sale

$339,000

132 Oak Lake Rd, Melbourne, FL 32901

3beds

1,907sqft

$2,229/mo

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Single Family Residence

Built in 1990

7,840 Square Feet Lot

$324,800 Zestimate^®

$178/sqft

$26/mo HOA

What's special

Thoughtful floor plan

Welcome to your new home in the quiet, established South Lakes community! This charming 3-bedroom, 2-bathroom cement block residence offers 1,907 sq ft of comfortable living space and a thoughtful floor plan that's perfect for families, professionals, or those seeking a peaceful lifestyle. Key Features • Recent major updates: Hot water heater (2024), Roof (2022), AC (2022) • Easy access to beaches, shopping, and a wide selection of restaurants • Close to the Indian River and great outdoor recreation • Near Florida Institute of Technology (FIT) -- convenient for students, faculty, or staff • 1 hour from Orlando

6 days

522

25

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Electric Oven, Refrigerator, Washer

Features

Flooring: Tile
Has fireplace: No

Interior area

Total structure area: 2,602
Total interior livable area: 1,907 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Covered, Rear Porch, Screened

Lot

Size: 7,840 Square Feet
Features: Sprinklers In Front, Sprinklers In Rear

Details

Additional parcels included: 2827417
Parcel number: 28371553C12
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Block, Stucco
Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1990

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Available

Community & HOA

Community

Subdivision: South Lakes Phase I

HOA

Has HOA: Yes
HOA fee: $315 annually
HOA name: South Lake Association

Location

Region: Melbourne

Financial & listing details

Price per square foot: $178/sqft
Tax assessed value: $276,870
Annual tax amount: $1,126
Date on market: 7/28/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Asphalt

Estimated market value

$324,800

$309,000 - $341,000

$2,241/mo

Price history

Date	Event	Price
7/28/2026	Listed for sale	$339,000+728.9%$178/sqft
Source: Space Coast AOR #1083398 Report a problem
7/6/1993	Sold	$40,900$21/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,126 +6%	$98,620 +2.9%
2024	$1,062 +3.9%	$95,850 +3%
2023	$1,022 +9.4%	$93,060 +3%
2022	$934 +0.8%	$90,350 +3%
2021	$927 +1.7%	$87,720 +1.4%
2020	$911 +0.8%	$86,510 +2.3%
2019	$904	$84,570 +1.9%
2018	$904 +1.2%	$83,000 +2.1%
2017	$893 +1%	$81,300 +2.1%
2016	$884 -1%	$79,630 +0.7%
2015	$893 -1.6%	$79,080 +0.8%
2014	$907	$78,460 -11.7%
2013	--	$88,850 +16.9%
2012	$774 -25.2%	$76,010 -13.4%
2011	$1,035 -20%	$87,780 -18.7%
2010	$1,294 +11.3%	$108,000 -9.3%
2009	$1,162 +2.6%	$119,060 -18.5%
2008	$1,132 -14.5%	$146,000 -13.6%
2007	$1,323 +1.8%	$169,000 +11.4%
2005	$1,300 -1.1%	$151,680 +36.5%
2004	$1,315 -0.8%	$111,110 +12.9%
2003	$1,325 +4.7%	$98,430 +8.3%
2002	$1,265 +3%	$90,920 +2.4%
2001	$1,228 +5.3%	$88,760 +7.5%
2000	$1,166	$82,550

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 32901

Getting around

34 / 100

Car-Dependent

43 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
University Park Elementary School
Grades: PK-6Distance: 1.5 mi
2/10
Palm Bay Magnet Senior High School
Grades: PK,8-12Distance: 0.3 mi
3/10
Stone Magnet Middle School
Grades: 7-8Distance: 1.6 mi

Schools provided by the listing agent

Elementary: University Park
Middle: Stone
High: Palm Bay

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.