497 Melrose Lane, Sebastian, FL 32958
What's special
Unapproved Short Sale. Welcome home to this Sebastian Highlands property, situated on a desirable corner lot with NO HOA, giving you the freedom to enjoy your home without restrictions or added fees. This 3-bedroom, 2-bathroom home offers a functional layout with high vaulted ceilings and a main living area that flows seamlessly into the dining space and kitchen. The kitchen features a quartz breakfast bar, textured wood cabinetry, and stainless steel appliances, providing a great foundation for future updates or personal touches. Step outside through the impact glass French doors to an oversized covered and screened patio, perfect for relaxing or entertaining, all overlooking the fully fenced backyard with a 2024 privacy fence, ideal for pets, kids, and added privacy. Major improvements have already been taken care of, including a 2024 roof and a recently installed tankless water heater, helping reduce big-ticket concerns for the next owner. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and the opportunity to make it your own, this is one you won't want to miss. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and room to make it your own, this is a great opportunity.
- 172 days
- 1,732
- 126
Originating MLS: BeachesMLSTravel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Kate Ward 772-342-4006,
RE/MAX Gold,
Peter White 772-284-1419,
RE/MAX Gold
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 3
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Cooktop, Dishwasher, Electric Range, Microwave, Range, Refrigerator, Tankless Water Heater, Water Heater
- Laundry: In Garage
Features
- Cathedral Ceiling(s), High Ceilings, Kitchen Island, Living/Dining Room, Main Level Primary, Separate Shower, Vaulted Ceiling(s)
- Flooring: Laminate, Wood
- Doors: French Doors
- Has fireplace: No
Interior area
- Total structure area: 1,072
- Total interior livable area: 1,072 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Attached, Driveway, Garage, Garage Door Opener
- Attached garage spaces: 2
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Fencing: Back Yard,Fenced,Perimeter,Privacy
- Has view: Yes
- View description: Garden
Lot
- Size: 0.31 Acres
- Features: None, 1/4 to 1/2 Acre Lot
Details
- Parcel number: 313813000022020000390
- Zoning: RS-10
- Special conditions: Standard,Listed As-Is
- Other equipment: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Sewer Not Available, Water Connected
Community & HOA
Community
- Security: None
- Subdivision: SEBASTIAN HIGHLANDS UNIT 8
HOA
- Has HOA: No
Location
- Region: Sebastian
Financial & listing details
- Price per square foot: $265/sqft
- Tax assessed value: $257,030
- Annual tax amount: $4,070
- Date on market: 4/21/2026
- Cumulative days on market: 172 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Price change | $284,000-1.7%$265/sqft |
Source:  BeachesMLS #B26018400 Report a problem | ||
| 9/22/2026 | Price change | $289,000-6.5%$270/sqft |
Source:  Realtor Association of Indian River County #296767 Report a problem | ||
| 7/23/2026 | Price change | $309,000-1.1%$288/sqft |
Source: Realtor Association of Indian River County #296767 Report a problem | ||
| 4/21/2026 | Listed for sale | $312,500+5%$292/sqft |
Source: BeachesMLS #B26018400 Report a problem | ||
| 9/13/2023 | Sold | $297,690-0.8%$278/sqft |
Source: Space Coast AOR #967487 Report a problem | ||
| 8/2/2023 | Pending sale | $299,990$280/sqft |
Source:  Stellar MLS #O6119515 Report a problem | ||
| 7/29/2023 | Contingent | $299,990$280/sqft |
Source: Space Coast AOR #967487 Report a problem | ||
| 7/7/2023 | Price change | $299,990-9.1%$280/sqft |
Source: Space Coast AOR #967487 Report a problem | ||
| 6/15/2023 | Listed for sale | $329,900+388.7%$308/sqft |
Source: Space Coast AOR #967487 Report a problem | ||
| 12/31/1998 | Sold | $67,500$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,070 +5.7% | $259,354 +3.9% |
| 2024 | $3,850 -4.2% | $249,532 +1.5% |
| 2023 | $4,021 +14% | $245,736 +19.6% |
| 2022 | $3,527 +324.1% | $205,539 +172.4% |
| 2021 | $832 +1.1% | $75,468 +1.4% |
| 2020 | $823 | $74,426 +2.3% |
| 2019 | $823 +0.6% | $72,753 +1.9% |
| 2018 | $818 +7.2% | $71,397 +2.1% |
| 2017 | $763 | $69,928 +2.1% |
| 2016 | $763 -0.6% | $68,490 +0.7% |
| 2015 | $767 -3.2% | $68,020 +0.8% |
| 2014 | $792 | $67,490 +1.5% |
| 2013 | -- | $66,500 -0.6% |
| 2012 | $681 -9.2% | $66,930 -11.7% |
| 2011 | $750 -17% | $75,790 -10% |
| 2010 | $904 -18.4% | $84,180 -13.8% |
| 2009 | $1,108 -16.8% | $97,710 -14% |
| 2008 | $1,332 +48% | $113,670 -20.4% |
| 2007 | $900 | $142,840 -9.3% |
| 2006 | -- | $157,430 +68.1% |
| 2005 | -- | $93,650 |
| 2004 | -- | $93,650 +19.9% |
| 2003 | -- | $78,100 +9.6% |
| 2002 | $989 +3.1% | $71,260 +7.8% |
| 2001 | $959 +5.3% | $66,130 +7.9% |
| 2000 | $911 | $61,290 |
Monthly payment
Estimated market value
$280,100
$266,000 - $294,000
$2,150/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.