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Sold for $516,000
  • $516,000

    5125 Palmetto Dr, Melbourne Beach, FL 32951

    2beds
    1,227sqft
    Single Family Residence
    Built in 1996
    7,405 Square Feet Lot
    $498,800 Zestimate®
    $421/sqft
    $2,589 Estimated rent

    Home value

    $498,800

    $464,000 - $534,000

    $2,589/mo

    Zestimate® history
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    $3,456/mo

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    What's special

    Gorgeous coconut palmsPrivate backyardNewer roofUpdated electrical panelNew reverse osmosis systemLandscaped yard
    The perfect beachside retreat! Perfectly situated between the river and ocean in Melbourne Beach! Just 2 blocks from beach access, a golf cart-friendly tropical oasis. Quaint home with private backyard, Tiki-Hut with electrical, landscaped yard with sprinklers, and gorgeous coconut palms. Tile throughout living areas, 10-foot ceilings, updated electrical panel, new reverse osmosis system, newer roof, AC, and best of all -- NO HOA. Make this your next beachside paradise.

    Zillow last checked:

    Listing updated:

    Listed by:

    Laura Johnston 407-310-8078,

    RE/MAX Downtown

    Bought with:

    Lanie D'Alessandro, 3392480

    Lighthouse Realty

    Source: Space Coast AOR,MLS#: 1005007

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Electric Range, Refrigerator
    • Laundry: In Garage, Washer Hookup
    Features
    • Breakfast Bar, Ceiling Fan(s), Open Floorplan, Pantry, Primary Bathroom - Shower No Tub, Primary Downstairs, Split Bedrooms, Walk-In Closet(s)
    • Flooring: Carpet, Tile, Other
    • Has fireplace: No
    Interior area
    • Total structure area: 1,958
    • Total interior livable area: 1,227 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Patio & porch: Covered, Rear Porch
    • Exterior features: Other
    • Pool features: None
    • Fencing: Back Yard
    Lot
    • Size: 7,405 Square Feet
    • Features: Sprinklers In Front, Sprinklers In Rear
    Details
    • Additional structures: Gazebo
    • Additional parcels included: 3019549
    • Parcel number: 293810Gx322

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Block, Stucco
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1996

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: Melbourne Beach S
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Melbourne Beach

    Financial & listing details

    • Price per square foot: $421/sqft
    • Tax assessed value: $386,570
    • Annual tax amount: $5,316
    • Date on market: 2/15/2024
    • Listing terms: Cash,Conventional,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/28/2024Sold$516,000-4.4%$421/sqft
    Source: Space Coast AOR #1005007 Report a problem
    2/28/2024Pending sale$539,900$440/sqft
    Source: Stellar MLS #O6179468 Report a problem
    2/27/2024Contingent$539,900$440/sqft
    Source: Space Coast AOR #1005007 Report a problem
    2/15/2024Listed for sale$539,900+28.5%$440/sqft
    Source: Space Coast AOR #1005007 Report a problem
    11/2/2021Sold$420,000-6.7%$342/sqft
    Source: Space Coast AOR #913161 Report a problem
    9/30/2021Pending sale$450,000$367/sqft
    Source: Space Coast AOR #913161 Report a problem
    8/15/2021Listed for sale$450,000$367/sqft
    Source: Space Coast AOR #913161 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,316 +23.6%$386,570 +10.5%
    2024$4,301 +1.5%$349,680 +3%
    2023$4,238 +7.4%$339,500 +3%
    2022$3,945 +24.6%$329,620 +59.9%
    2021$3,167 $206,180
    Find assessor info on the county website

    Neighborhood: 32951

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gemini
    • Middle: Hoover
    • High: Melbourne

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

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    Estimated market value
    $498,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $498,800