103
Map
$5,500,000
●
House -
For Sale
200 Riverside Drive
Melbourne Beach, FL 32951
3 Beds
3 Baths,
2
Half Baths
5,587 Ft²
$29,174
Est. Monthly
About This Property
Your own private waterfront estate in the Town of Melbourne Beach!
Set on .78 acres on a barrier island between the Atlantic Ocean &
Intracoastal Waterway, this extraordinary Indian River estate
delivers the ultimate Florida lifestyle. Enjoy a newly renovated
2025 heated pool & spa, a summer kitchen, private dock, boat lift &
unforgettable sunsets over the water. Nearly 5,600 SFL of
light-filled living features soaring ceilings, walls of glass,
expansive entertaining spaces & a chef's kitchen with oversized
island. Offering 3BD + flex/media room, 3 full & 2 half baths, plus
an oversized 3-car garage with ceiling height for car lifts. Boat,
paddle, swim, entertain, or relax by the river, then walk, bike, or
golf cart to the beach, restaurants & shopping. River access to the
ocean is less than 30 minutes away through the Sebastian Inlet. A
rare opportunity to experience luxury waterfront living in the
charming town of Melbourne Beach, where every day feels like a
vacation!
Unit Size
5,587 Ft²
Days on Market
31 days
Land Size
0.78 acres
Price per sqft
$984
Property Type
House
Property Taxes
$2,168
HOA Dues
-
Year Built
2002
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: 2 months ago (Space Coast MLS #1085571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | Listed by Misty Morrison Real Estate | $5,500,000 | |
| Listed by Misty Morrison Real Estate | |||
| Oct 19, 2020 | Sold | ||
| Sold | |||
| Apr 1, 2020 | Listed by Misty Morrison Real Estate | $1,950,000 | |
| Listed by Misty Morrison Real Estate | |||
| Sep 18, 2019 | No longer available | - | |
| No longer available | |||
| Sep 16, 2019 | Listed | $2,390,000 | |
| Listed | |||
| | |||
|
Prepare to be impressed by this spectacular Riverfront home in one of the most desirable neighborhoods in Central Florida. Impeccably built and maintained, this estate property will satisfy any buyer looking for a high quality, luxury waterfront lifestyle. All concrete block, one level home with soaring ceilings throughout, Anderson impact rated windows and doors, spacious 3 car garage, private boat house w/ lift and expansive deck over the Indian River, Travertine Marble flooring throughout, dramatic curved private drive and courtyard entry, heated, infinity edge pool, summer kitchen, a master suite to die for and an incredible, impact glass enclosed sunroom only scratch the surface of the array of quality features on offer with this one of a kind beauty. Shown by appointment. The manager has listed the unit size as 5587 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener, RV Access/Parking
Garage Spaces: 3
Interior Details
Half Bathrooms: 2
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Entrance Foyer, His and Hers Closets, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms
Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, Dryer, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Refrigerator, Washer
Flooring Type: Stone
Laundry Features: Electric Dryer Hookup, Sink
Has Fireplace
Fireplace Features: Gas
Fireplaces: 2
Exterior Details
Square Footage: 5587
Square Footage Source: $0
Security Features: Security System Owned, Smoke Detector(s)
Year Built: 2002
Waterfront Features: Navigable Water, River Access, River Front, Seawall, Intracoastal
Waterbody Name: Indian River
Building Area Total: 7197
Levels: One
Other Structures: Greenhouse, Outdoor Kitchen, Other
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Covered, Deck, Porch, Rear Porch
Pool Features: Gas Heat, Heated, In Ground
Pool is Private
Lot Features: Many Trees, Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.78
Lot Size Units: Acres
Lot Size Acres: 0.78
Lot Size Square Feet: 33977
Water Source: Public
Financial Details
Tax Annual Amount: $26,013
Utilities Details
Cooling Type: Central Air, Electric, Zoned
Heating Type: Central, Electric, Zoned
Sewer : Public Sewer
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 Sunset Shores
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$5,700 /mo
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$4,800 /mo
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Listed by: Misty A Morrison, Misty Morrison Real Estate
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 1085571
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: 2 months ago
Data Source: Space Coast MLS, MLS# 1085571
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