See Home Value
$880,000
● House - Off Market

3551 N Sylvan Ln Lane

Melbourne, FL 32935
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,496 Ft²
$6,337
Est. Monthly
1.63%
Cap Rate

About This Property

Nestled along a quiet oak-lined street, this remarkable 1/2 acre Indian River front property offers the perfect blend of privacy and comfort.  At 10 feet elevation, the home is in a non-flood zone, providing peace of mind from high water. Step inside to discover a spacious living area featuring a wood burning fireplace and a beautiful glass-enclosed, air-conditioned sunroom offering breathtaking views of the Indian River year-round.  Outside, there is a concrete circular driveway for easy access.  The dock has been well maintained and has a slip for you boat or water toys and activities.  A great location to watch rocket launches from the Cape and KSC.

The interior and exterior of the home are freshly painted.  A Generac generator will keep your power in the event of a power failure.

This exceptional property is a true hidden gem directly on the Indian River.
Unit Size
2,496 Ft²
Days on Market
15 days
Land Size
0.49 acres
Price per sqft
$440
Property Type
House
Property Taxes
$940
HOA Dues
-
Year Built
1960

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Space Coast MLS #1030084)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Sold
Jun 13, 2025 In contract -
In contract
Jun 10, 2025 Price Decreased $1,099,000
↓ $51K (4.4%)
Price Decreased
Jun 5, 2025 Relisted $1,149,900
Relisted
May 25, 2025 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • 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: 483
  • Parking Space Count: 2
  • Patio Type: 17
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 198

    Dimensions

  • Lot Size Square Feet: 21,344
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 3,360
  • Gross Building Area: 3,360
  • Building Area: 2,048
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,048
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SYLVAN SHORES PART OF RESUBD OF
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: SYLVAN SHORES PART OF RESUBD OF PT OF LOT 7 AS DES IN 275 PG 506

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064202

Zoning

  • Zoning: R1AAA

Geography

  • Assessors Map Reference: 267
  • Account Number: 2709623
  • Parcel: 27-37-05-75-00000.0-0007.00
  • Lot: 7
  • Meridian: SEC 05 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1647
  • Longitude: -80.6422

    Address

  • Full Address: 3551 N Sylvan Ln
  • Address - House Number: 3551
  • Street Direction: N
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C005
  • 4-Digit Zip Code: 5736
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 2,829
  • Tax Year: 2022
  • Tax Amount: $365,685
  • Tax Rate Code Area: 43K0

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 861,296
  • High Value: 1,017,137
  • Low Value: 705,454

    Market Valuation

  • Market Total Value: $791,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $249,530

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 1994
  • Current Sale Recording Date: Apr 01, 1994
  • Current Sale Price:
  • Current 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 Sylvan Shores


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Frequently Asked Questions

When was property at 3551 North Sylvan Lane built and last sold?
The property at 3551 North Sylvan Lane was built in 1960 and last sold on Mar 30, 1994 for $265,000.
How much is this home worth?
The estimated value of the home located at 3551 North Sylvan Lane is $0.
What are some comparable homes to 3551 North Sylvan Lane?
There are currently no comparable homes to 3551 North Sylvan Lane.