See Home Value
Melbourne Beach 32951
218 Fifth Avenue
$825,000
● House - Off Market

218 Fifth Avenue

Melbourne Beach, FL 32951
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,472 Ft²
$5,067
Est. Monthly
2.06%
Cap Rate

About This Property

Nestled just five houses from the ocean, this incredible 4-bedroom, 2.5-bath custom-built pool home offers over 2,400 sq ft of living space. Designed with both relaxation and entertainment in mind, it boasts formal living, dining, and family rooms, creating an ideal setting for gatherings. A charming covered breezeway connects to the versatile fourth bedroom, offering ultimate privacy-perfect for a workshop, office, exercise room, craft space, or even a teen hangout or man cave. The home sits on a 1/3-acre lot with ocean-to-river access, and its fully fenced yard includes a parking pad for your boat or RV.

Step outside and discover your private oasis, with an oversized pool, a gazebo, a firepit, and ample space for outdoor fun. The coral wall, hand-built by the original owner, features a hidden room-a whimsical clubhouse or secret hideaway for the kids. Open sliders reveal the sprawling backyard and pool area, where you can enjoy cool ocean breezes under the breezeway while watching the game. This updated home, only the second ever owned, is perfectly located with semi-private beach access just at the end of the street, plus easy access to Gemini Elementary, Flutie Field, shopping, and more. Whether you're seeking a family home or a fantastic Airbnb opportunity, this property offers endless potential and charm.
Unit Size
2,472 Ft²
Days on Market
140 days
Land Size
0.31 acres
Price per sqft
$344
Property Type
House
Property Taxes
$893
HOA Dues
-
Year Built
1998

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Cap Rate Calculator

Last updated: 20 days ago (Space Coast MLS #1027987)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Sold
Feb 24, 2025 In contract -
In contract
Jan 14, 2025 Price Decreased $849,982
↓ $25K (2.9%)
Price Decreased
Nov 20, 2024 Price Decreased $874,982
↓ $20K (2.2%)
Price Decreased
Oct 25, 2024 Listed by Engel & Voelkers Melb Downtown $894,982
Listed by Engel & Voelkers Melb Downtown
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 492
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 963
  • Total Building Area: 3,322
  • Gross Building Area: 3,322
  • Building Area: 2,265
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,265
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILCOX MELBOURNE BEACH
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: WILCOX MELBOURNE BEACH LOT 27 & E 30 FT OF LOT 28 BLK 24

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066101

Zoning

  • Zoning: 3RS

Geography

  • Assessors Map Reference: 336
  • Account Number: 2847959
  • Parcel: 28-38-08-FY-00024.0-0027.00
  • Block: 24
  • Lot: 27
  • Meridian: SEC 08 TWN 28S RNG 38E
  • Municipality: MELBOURNE BEACH
  • Latitude: 28.0637
  • Longitude: -80.5572

    Address

  • Full Address: 218 5th Ave
  • Address - House Number: 218
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 2321
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 2,780
  • Tax Year: 2022
  • Tax Amount: $963,520
  • Tax Rate Code Area: 34X0

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 945,202
  • High Value: 1,131,321
  • Low Value: 759,084

    Market Valuation

  • Market Total Value: $719,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $719,900

    Sales

  • Current Sale Contract Date: Apr 01, 2012
  • Current Sale Recording Date: May 07, 2012
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012087495

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Melbourne Beach


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Nearby Rentals

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Unit for rent at 1700 Atlantic Street, Melbourne Beach, FL, 32951

$2,250 /mo

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1700 Atlantic Street #1, Melbourne Beach, FL, 32951 Listing by Jody V Donnelly
Unit for rent at 103 La Costa Street, Melbourne, FL, 32951

$2,500 /mo

  • 3 Beds
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103 La Costa Street #5A, Melbourne, FL, 32951 Listing by Eric S Van Dam


Frequently Asked Questions

When was property at 218 5th Avenue built and last sold?
The property at 218 5th Avenue was built in 1998 and last sold on Apr 1, 2012 for $350,000.
How much is this home worth?
The estimated value of the home located at 218 5th Avenue is $0.
What are some comparable homes to 218 5th Avenue?
There are currently no comparable homes to 218 5th Avenue.