See Home Value
$1,860,000
● House - Off Market

327 Island Drive

Melbourne Beach, FL 32951
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,131 Ft²
$10,560
Est. Monthly
$83
HOA / Fees

About This Property

Experience the ultimate Florida waterfront lifestyle in this extensively renovated direct Intracoastal riverfront pool home located in Melbourne Beach's desirable ocean-to-river community of Riverside Landing. One of only 5 shoreline homes, this move-in ready residence offers 3,131 sq. ft. w/ 3 main-floor bedrooms, a bonus suite w/ full bath & efficiency kitchen, 4 full & 2 half baths, soaring ceilings & spectacular sunset views. The open floor plan features a chef's kitchen w/ granite countertops, oversized island, Viking cooktop, double ovens, wine cooler, walk-in pantry & breakfast nook overlooking the river. The primary suite includes 2 walk-in closets, lanai access & a spa-like bath w/ Italian marble, soaking tub & walk-in shower. Enjoy a heated screened pool, brick paver lanai, outdoor shower, cabana bath & brand-new rooftop crow's nest. Recent improvements include a newer tile roof, HVAC, wood-look tile flooring, boulder seawall & complete hurricane protection w/ impact windows, accordion shutters & remote-controlled Kevlar screens. Residents enjoy private deeded beach access, a community fishing pier, kayak/canoe storage & a low $1,000 annual HOA. A rare opportunity to own a fully updated waterfront home offering both riverfront serenity & private beach access.
Unit Size
3,131 Ft²
Days on Market
71 days
Land Size
0.44 acres
Price per sqft
$623
Property Type
House
Property Taxes
$901
HOA Dues
$83
Year Built
1994

Payment Calculator

Cap Rate Calculator

Last updated: 19 days ago (Space Coast MLS #1083082)

Price History

Date / Event Date Event Price
Oct 1, 2026 Sold
Sold
Aug 19, 2026 In contract -
In contract
Jul 22, 2026 Listed by Compass Florida LLC $1,950,000
Listed by Compass Florida LLC
Jun 14, 2016 Sold
Sold
Apr 3, 2016 Listed by Compass Florida LLC $984,500
Listed by Compass Florida LLC
Show More

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 2
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 549
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 198

    Dimensions

  • Lot Size Square Feet: 19,166
  • Lot Size Depth Feet: 2,150
  • Lot Size Frontage Feet: 890
  • Total Building Area: 3,774
  • Gross Building Area: 3,774
  • Building Area: 2,807
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,807
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERSIDE LANDING OF SOUTH BREVARD
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: RIVERSIDE LANDING OF SOUTH BREVARD LOT 35

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066104

Zoning

  • Zoning: RU24

Geography

  • Assessors Map Reference: 396
  • Account Number: 2959588
  • Parcel: 29-38-03-53-00000.0-0035.00
  • Lot: 35
  • Meridian: SEC 03 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.9877
  • Longitude: -80.5237

    Address

  • Full Address: 327 Island Dr
  • Address - House Number: 327
  • Address - Street Name: Island
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R084
  • 4-Digit Zip Code: 3271
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 3,217
  • Tax Year: 2022
  • Tax Amount: $944,597
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 1,336,108
  • High Value: 1,599,200
  • Low Value: 1,073,017

    Market Valuation

  • Market Total Value: $965,210

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $778,060

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 07, 2016
  • Current Sale Recording Date: Jun 14, 2016
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016114084
  • Previous Sale Recording Date: Sep 30, 2015
  • Previous Sale Contract Date: Sep 30, 2015
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: 71
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 Riverside Landing of South Brevard


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5829 S Highway A1a, Melbourne Beach, FL, 32951

$8,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,299 ft²
5829 S Highway A1a, Melbourne Beach, FL, 32951 Listing by Stephanie Moss Dandridge
Unit for rent at 180 Tramore Place, Melbourne Beach, FL, 32951

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,749 ft²
180 Tramore Place, Melbourne Beach, FL, 32951 Listing by Jerome Farley
Unit for rent at 5324 Tay Court, Melbourne Beach, FL, 32951

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,389 ft²
5324 Tay Court, Melbourne Beach, FL, 32951 Listing by Jennifer Deal


Frequently Asked Questions

When was property at 327 Island Drive built and last sold?
The property at 327 Island Drive was built in 1994 and last sold on Jun 7, 2016 for $904,000.
How much is this home worth?
The estimated value of the home located at 327 Island Drive is $1,969,500.
What are some comparable homes to 327 Island Drive?
There are currently no comparable homes to 327 Island Drive.