See Home Value
$440,000
● House - Off Market

362 Nikomas Way

Melbourne Beach, FL 32951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,720 Ft²
$2,824
Est. Monthly

About This Property

Charming Waterfront Opportunity! Discover the potential of this stunning 3-bedroom, 2-bathroom waterfront property nestled in a prestigious neighborhood just steps from the beach. Imagine coming home to the soothing sounds of waves and the luxury of waterfront living, with million-dollar homes surrounding you. This property is perfect for both investors and those searching for their forever home. This blank canvas can significantly increase its equity, making it a smart investment with high growth potential. Enjoy spacious rooms, breathtaking views, and close access to the beach-your dream of coastal living is within reach. Whether you're envisioning a serene retreat or an income-generating asset, this gem offers incredible flexibility and opportunity. Don't miss the chance to own a piece of paradise and maximize its value!
Unit Size
1,720 Ft²
Days on Market
99 days
Land Size
0.23 acres
Price per sqft
$334
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988

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Last updated: 2 months ago (Space Coast MLS #1028385)

Price History

Date / Event Date Event Price
Jul 15, 2026 Sold
Sold
May 22, 2026 In contract -
In contract
May 19, 2026 Listed by Realty World Curri Properties $549,900
Listed by Realty World Curri Properties
Located on a quiet street in Melbourne Beach where neighbors ride bikes to the ocean, this waterfront home offers the laid-back coastal lifestyle buyers love. Just a short stroll to private beach access, the property sits along a peaceful canal with direct access to the Indian River--perfect for kayaking, paddleboarding, or a small fishing boat. Inside, the open-concept layout features an updated kitchen with a large island, light-filled living and dining spaces, and French doors leading to a screened patio overlooking the tranquil canal with no rear neighbors. The primary suite offers a renovated bath and walk-in closet, with two additional bedrooms for family or guests. Located in the friendly Sunnyland Beach community known for golf cart and boat parades and social gatherings at nearby Aquarina. Metal roof (2004), HVAC (2019), HWH (2017). Voluntary HOA just $75/year for private beach access.
Nov 21, 2025 Price Decreased $629,000
↓ $500 (0.1%)
Price Decreased
Nov 4, 2025 Price Decreased $629,500
↓ $4K (0.6%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,708
  • Gross Building Area: 2,708
  • Building Area: 1,720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNNYLAND BEACH SEC 7
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: SUNNYLAND BEACH SEC 7 LOT 17 BLK E

Neighborhood

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

Zoning

  • Zoning: RU113

Geography

  • Assessors Map Reference: 447
  • Account Number: 2956593
  • Parcel: 29-38-26-KD-0000E.0-0017.00
  • Block: E
  • Lot: 17
  • Meridian: SEC 26 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.9311
  • Longitude: -80.4952

    Address

  • Full Address: 362 Nikomas Way
  • Address - House Number: 362
  • Address - Street Name: Nikomas
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R003
  • 4-Digit Zip Code: 3527
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 2,196
  • Tax Year: 2022
  • Tax Amount: $195,882
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 638,757
  • High Value: 754,333
  • Low Value: 523,182

    Market Valuation

  • Market Total Value: $417,410

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $154,940

    Exemptions

  • Homeowner Exemption: Yes
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 Sunnyland Beach


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Frequently Asked Questions

When was property at 362 Nikomas Way built and last sold?
The property at 362 Nikomas Way was built in 1988 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 362 Nikomas Way is $578,734.
What are some comparable homes to 362 Nikomas Way?
There are currently no comparable homes to 362 Nikomas Way.