57
Map
$689,000
●
House -
For Sale
195 River Drive
Melbourne Beach, FL 32951
3 Beds
3 Baths,
1
Half Bath
2,518 Ft²
$4,073
Est. Monthly
About This Property
Welcome to a spacious two-story pool home offering an inviting
layout with three generously sized bedrooms, each featuring a
private bath. The first-floor primary suite provides a peaceful
retreat with crown molding, dual closets, and direct access to the
pool and lanai. The updated kitchen features granite countertops,
stainless steel appliances, and a large breakfast bar, opening to
expansive living and dining areas. Upstairs, two additional
en-suite bedrooms are complemented by a versatile loft--ideal for a
home office or flex space. Enjoy Florida living in the large
screened and covered lanai overlooking the pool and waterfall.
Additional features include a guest half bath, newer roof and Trane
HVAC system, updated interior and exterior finishes, hurricane
impact-rated exterior windows and doors installed in 2020,
generator hookup, security system, and pool safety gate.
Conveniently located within walking distance of county beach
access.
Unit Size
2,518 Ft²
Days on Market
50 days
Land Size
0.37 acres
Price per sqft
$274
Property Type
House
Property Taxes
$689
HOA Dues
-
Year Built
2005
Listed By
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Cap Rate
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: 3 days ago (Space Coast MLS #1084797)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Relisted | $777,000 | |
| Relisted | |||
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Listed by One Sotheby's International | $689,000 | |
| Listed by One Sotheby's International | |||
| Jul 6, 2026 | Price Decreased |
$777,000
↓ $6K
(0.8%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$782,900
↓ $2K
(0.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener, On Street, Shared Driveway
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Breakfast Bar, Ceiling Fan(s), His and Hers Closets, Open Floorplan, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Water Softener Owned
Flooring Type: Tile
Laundry Features: Lower Level, Sink
Exterior Details
Square Footage: 2518
Square Footage Source: $0
Architectural Style: Other
Year Built: 2005
Building Area Total: 3470
Levels: Two
Other Structures: Shed(s)
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Front Porch, Rear Porch, Screened
Pool Features: Fenced, In Ground, Screen Enclosure
Pool is Private
Lot Features: Cul-De-Sac, Sprinklers In Front, Sprinklers In Rear, Dead End Street
Lot Size Area: 0.37
Lot Size Units: Acres
Lot Size Acres: 0.37
Lot Size Square Feet: 16117
Lot Size Dimensions: 57 x 296
Water Source: Well
Financial Details
Tax Annual Amount: $8,270
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Septic Tank
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 New Melbourne Beach
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Listed by: Gibbs Baum Greg Zim, One Sotheby's International
Last Updated: 3 days ago
Data Source: Space Coast MLS, MLS# 1084797
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: 3 days ago
Data Source: Space Coast MLS, MLS# 1084797
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