See Home Value
$769,900
↓ $15K (1.9%)
● Condo - Off Market

1208 River Drive #401

Melbourne, FL 32901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,898 Ft²
$5,340
Est. Monthly
$750
HOA / Fees
0.96%
Cap Rate

About This Property

Welcome to Captain's Cove, an exclusive gated waterfront community WITH 2 deeded Boat Slips! This rarely available, recently remodeled 3-bedroom home offers stunning views of the marina and picturesque causeway. The open floor plan is bathed in natural light, with breathtaking water views throughout. A blend of bamboo flooring and tile, paired with a freshly painted interior, creates a warm, elegant atmosphere. Spacious primary suite with an ensuite offers versatility, perfect for a sitting area or home office. A well-appointed kitchen with a plenty of countertop space. This is a "MUST SEE".
Unit Size
1,898 Ft²
Days on Market
-
Land Size
-
Price per sqft
$406
Property Type
Condo
Property Taxes
$809
HOA Dues
$750
Year Built
-

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Last updated: 2 years ago (Indian River #290339)

Price History

Date / Event Date Event Price
Sep 25, 2025 Price Decreased $754,900
↓ $15K (2%)
Price Decreased
Sep 18, 2025 No longer available -
No longer available
Aug 15, 2025 Listed by RE/MAX Aerospace Realty, Inc $769,900
Listed by RE/MAX Aerospace Realty, Inc
Jul 18, 2025 Price Decreased $769,900
↓ $15K (1.9%)
Price Decreased
Mar 25, 2025 Listed $785,000
Listed
Welcome to Captain's Cove, an exclusive gated waterfront community. This rarely available, recently remodeled 3-bedroom home offers stunning views of the marina and picturesque causeway. The open floor plan is bathed in natural light, with breathtaking water views throughout. A blend of bamboo flooring and tile, paired with a freshly painted interior, creates a warm, elegant atmosphere. The spacious primary suite with an ensuite offers versatility, perfect for a sitting area or home office. The well-appointed kitchen features ample granite countertop space for meal prep, entertaining, or simply enjoying the view. Additional highlights include breakfast bar seating, a unique bar sink, a cozy fireplace in the living area, and porthole windows adding to the nautical charm. Enjoy tranquil waters, vibrant maritime surroundings, and frequent visits from manatees and dolphins. This home also includes 2 DEEDED BOAT SLIPS, an oversized one-car garage, 1 extra parking, and a private storage. FACTS: Boat slips: D15 & D-4 (Currently rented $300 & $275 per Mo.) Private Storage Locker S-7 Garage 401 & uncovered reserved space 401 First Right of refusal- 15 days Rentals 3 Month minimum (Recent change) Exclusive community with only 10 units New A/C system Building info: Gated community Association managed by Tower Management Recent renovations in 2023 include: Docks, Elevator, Roof Structural Integrity Reserve Study (SIRS) was successfully completed.
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Property Highlights

Parking Available
Garage
Elevator
Air Conditioning
With View
Fireplace
Parking Details
Has Garage
Parking Features: Assigned, Garage, Uncovered
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Wet Bar, Built-in Features, Walk-In Closet(s)
Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer, BuiltInOven
Flooring Type: Tile
Door Features: Sliding Doors
Laundry Features: Common Area, In Unit
Rooms: 7
Has Fireplace
Fireplaces: 1
Exterior Details
Square Footage: 1898
Square Footage Source: $0
Architectural Style: MultiLevel
Year Built: 1984
Waterfront Features: IntracoastalAccess
Levels: Three Or More
Window Features: None
Construction Materials: Block, Concrete
Pool Features: None
Pool is Private
Lot Features: LessThanQuarterAcre
Lot Size Units: Acres
Lot Size Dimensions: 0.08
Tax Lot: 7
Water Source: Public
Financial Details
Tax Assessed Value: $559,100
Tax Annual Amount: $9,711
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Maintenance Grounds, Maintenance Structure, Trash, Water, CommonAreas, Parking, ReserveFund
HOA/Condo/Coop Amenities: DuesPaidMonthly
HOA Fee: $750
HOA Fee Frequency: Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250815 Unit 401
08/15/2025
401
3 Bed
2 Bath
1898 ft²
$769,900
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
-
-
BARBARA ZAPOTOCKY
RE/MAX AEROSPACE REALTY
20230619 Unit 102
06/19/2023
102
2 Bed
2 Bath
1668 ft²
$699,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1668 ft²
$607,000 -13.16%
01/08/2024
Kristen Romandetti
KELLER WILLIAMS RLTY,BREVARD
20220603 Unit 101
06/03/2022
101
2 Bed
2 Bath
1668 ft²
$599,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1668 ft²
$580,000 -3.17%
03/13/2023
Susanne Vaughn
David Curri Real Estate Group
20220509 Unit 401
05/09/2022
401
3 Bed
2 Bath
1898 ft²
$725,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
$725,000
06/03/2022
Cassandra Hartford
Curri Kirschner R.E. Group LLC
20211009 Unit 402
10/09/2021
402
3 Bed
2 Bath
1898 ft²
$465,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
$470,000 +1.08%
11/17/2021
Ellie Chan
RE/MAX Solutions
20210713 Unit 101
07/13/2021
101
2 Bed
2 Bath
1668 ft²
$449,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1668 ft²
$439,000 -2.23%
11/12/2021
Carolyn Schumann
Carnu Realty LLC
20210204 Unit 202
02/04/2021
202
2 Bed
2 Bath
1668 ft²
$470,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1668 ft²
$450,000 -4.26%
08/02/2021
Grayling Oates
Engel & Voelkers Melb Downtown
20201209 Unit 501
12/09/2020
501
3 Bed
2 Bath
1900 ft²
$639,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1900 ft²
$600,000 -6.10%
03/08/2021
Grayling Oates
Engel & Voelkers Melb Downtown
20200505 Unit 401
05/05/2020
401
3 Bed
2 Bath
1898 ft²
$479,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
$477,500 -0.31%
05/27/2020
Pamela Vanderveer
Vanderveer Properties
20190827 Unit 302
08/27/2019
302
3 Bed
2 Bath
2170 ft²
$548,999
bedrooms
3 Bed
bathrooms
2 Bath
square feet
2170 ft²
$533,000 -2.91%
08/18/2020
Grayling Garat Oates
Engel & Voelkers Melb Downtown
20190711 Unit 201
07/11/2019
201
2 Bed
2 Bath
1778 ft²
$449,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1778 ft²
$355,714 -20.93%
04/01/2020
Grayling Oates
Engel & Voelkers Melb Downtown
20171116 Unit 102
11/16/2017
102
2 Bed
2 Bath
1668 ft²
$349,500
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1668 ft²
$315,000 -9.87%
02/09/2018
Grayling Oates
Engel & Voelkers New Smyrna
20150401 Unit 401
04/01/2015
401
3 Bed
2 Bath
1898 ft²
$325,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
$315,000 -3.08%
05/29/2015
John Lucas
Engel & Voelkers Melb Downtown
20150311 Unit 202
03/11/2015
202
2 Bed
2 Bath
1668 ft²
$295,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1668 ft²
$282,000 -4.41%
08/05/2015
John Lucas
Engel & Voelkers Melb Downtown
20140121 Unit 501
01/21/2014
501
3 Bed
2 Bath
1898 ft²
$329,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
$315,000 -4.26%
05/06/2014
Wiley Elliott
Indian River Realty
20140117 Unit 502
01/17/2014
502
3 Bed
2 Bath
1898 ft²
$350,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1898 ft²
$325,000 -7.14%
04/11/2014
Rusty Melle
ITG REALTY

Building Info

1208 River Drive 1208 River Drive, Melbourne, FL 32901
  • 3 Units for Sale
More about this Building
1208 River Drive
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