39
Map
$1,125,000
●
House -
For Sale
172 River Walk Drive
Melbourne Beach, FL 32951
4 Beds
3 Baths
2,641 Ft²
$6,183
Est. Monthly
$56
HOA / Fees
About This Property
Rare updated single-story pool home in River Walk, Melbourne
Beach's sought-after ocean-to-river community with deeded beach
access and private community pier, gazebo, and kayak/paddleboard
launch. Ocean sunrises, river sunsets - one exceptional location.
Soaring cathedral ceilings define 2,600+ sq ft of
open-concept living. Disappearing sliding glass doors in the
kitchen and living areas open fully to the expansive screened lanai
with sparkling pool, spa, covered lounge, and outdoor kitchen; the
primary suite opens poolside. The renovated living room features a
dramatic floor-to-ceiling shiplap fireplace wall. Tile throughout;
split plan offers 4 bedrooms, 3 baths, and an office, with glass
pocket doors enclosing a private guest wing - ideal for guests or
multigenerational living. Roof 2022, HVAC 2022 & 2026, water
heater 2021, pool pump 2024. Air-conditioned workshop off garage.
Landscaped 1/3-acre lot. Owner is a licensed FL real estate broker.
Unit Size
2,641 Ft²
Days on Market
89 days
Land Size
0.34 acres
Price per sqft
$426
Property Type
House
Property Taxes
$603
HOA Dues
$56
Year Built
1994
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 20 hours ago (Space Coast MLS #1083241)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2026 | Listed by Manage Street LLC | $1,125,000 | |
| Listed by Manage Street LLC | |||
| Jul 17, 2019 | Sold | ||
| Sold | |||
| May 19, 2019 | Listed by Manage Street LLC | $569,900 | |
| Listed by Manage Street LLC | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Smart Thermostat, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Washer, Washer, Wine Cooler
Flooring Type: Tile
Laundry Features: Electric Dryer Hookup, In Unit, Sink, Washer Hookup
Has Fireplace
Fireplace Features: Electric
Exterior Details
Square Footage: 2641
Square Footage Source: $0
Security Features: Security System Owned
Architectural Style: Ranch
Year Built: 1994
Building Area Total: 2711
Levels: One
Construction Materials: Brick, Frame, Stucco
Patio and Porch Features: Covered, Patio, Screened
Pool Features: In Ground, Screen Enclosure
Pool is Private
Lot Features: Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.34
Lot Size Units: Acres
Lot Size Acres: 0.34
Lot Size Square Feet: 14810
Water Source: Public, Well
Financial Details
Tax Annual Amount: $7,230
Utilities Details
Cooling Type: Central Air, Multi Units, Zoned
Heating Type: Heat Pump
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Beach Access, Other
HOA Fee: $675
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Riverwalk by The Sea
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: James T White, Manage Street LLC
Last Updated: 20 hours ago
Data Source: Space Coast MLS, MLS# 1083241
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 20 hours ago
Data Source: Space Coast MLS, MLS# 1083241
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