New construction

Price cut: $70K (5/15)

$1,379,525

1626 Gracewood Dr, Melbourne, FL 32940

4beds

2,893sqft

$8,658/mo

Get pre-qualified

Single Family Residence

Built in 2027

0.28 Acres Lot

$1,337,300 Zestimate^®

$477/sqft

$144/mo HOA

What's special

Luxury residencePreserved treesTreehouse retreatTimeless architectureNature trailsPrivate preserve backdrop

Discover the perfect balance of privacy and connection in Aripeka. To be built on this .28-acre homesite backing to a lush, wooded preserve, this luxury residence offers just under 3,000 sq. ft. with 3 bedrooms plus office (or 4 bedrooms), 3.5 baths, and a 3-car garage. Choose this thoughtfully designed plan or create your own custom vision. The private preserve backdrop offers room to relax--or even build a treehouse retreat. Conveniently located near the future clubhouse, this lot combines tranquility with neighborhood charm. Aripeka is a gated, golf cart-friendly community where preserved trees, nature trails, and timeless architecture create a one-of-a-kind setting, just minutes from beaches, shopping, I-95, and A-rated schools. With homes starting from $1.2M, your dream begins here. Also listed in land MLS 1058657

302 days

605

24

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Disposal, Double Oven, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater
Laundry: Gas Dryer Hookup, Sink

Features

Breakfast Nook, Eat-in Kitchen, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Smart Thermostat, Split Bedrooms, Walk-In Closet(s)
Flooring: Tile
Has fireplace: No

Interior area

Total structure area: 4,511
Total interior livable area: 2,893 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 3
Parking features: Attached, Garage, Garage Door Opener
Attached garage spaces: 3

Features

Levels: One
Stories: 1
Patio & porch: Covered, Front Porch, Rear Porch
Exterior features: Impact Windows
Has view: Yes
View description: Trees/Woods, Protected Preserve

Lot

Size: 0.28 Acres
Features: Many Trees, Sprinklers In Front, Sprinklers In Rear

Details

Additional parcels included: 3027446
Parcel number: 263622Ye0000b.00011.00
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary,Ranch
Property subtype: Single Family Residence

Materials

Block, Stone Veneer, Stucco
Roof: Tile

Condition

To Be Built
New construction: Yes
Year built: 2027

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Aripeka

HOA

Has HOA: Yes
Amenities included: Gated, Jogging Path
HOA fee: $750 semi-annually
HOA name: Aripeka
Second HOA fee: $230 annually

Location

Region: Melbourne

Financial & listing details

Price per square foot: $477/sqft
Tax assessed value: $170,000
Annual tax amount: $3,193
Date on market: 10/7/2025
Listing terms: Cash,Conventional

Estimated market value

$1,337,300

$1.27M - $1.40M

$4,328/mo

Price history

Date	Event	Price
5/15/2026	Price change	$1,379,525-4.8%$477/sqft
Source: Space Coast AOR #1058990 Report a problem
4/24/2026	Price change	$1,449,525+5.3%$501/sqft
Source: Space Coast AOR #1058990 Report a problem
10/7/2025	Price change	$1,377,200+606.3%$476/sqft
Source: Space Coast AOR #1058990 Report a problem
10/2/2025	Listed for sale	$195,000-85.3%$67/sqft
Source: Space Coast AOR #1058657 Report a problem
2/18/2025	Listing removed	$1,324,875$458/sqft
Source: Space Coast AOR #1005294 Report a problem
2/17/2024	Listed for sale	$1,324,875+6.6%$458/sqft
Source: Space Coast AOR #1005294 Report a problem
12/12/2023	Listing removed	$1,242,500$429/sqft
Source: Space Coast AOR #967319 Report a problem
6/12/2023	Listed for sale	$1,242,500$429/sqft
Source: Space Coast AOR #967319 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,193 +0.7%	$170,000
2024	$3,172 +25%	$170,000
2023	$2,538 +255.6%	$170,000 +246.9%
2022	$714	$49,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

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.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 32940

Getting around

0 / 100

Car-Dependent

25 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

10/10
Viera Elementary School
Grades: PK-6Distance: 1.1 mi
7/10
Viera Middle School
Grades: 7-8Distance: 3.4 mi
7/10
Viera High School
Grades: PK,9-12Distance: 3.3 mi

Schools provided by the listing agent

Elementary: Viera
Middle: Viera Middle School
High: Viera

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