When was property at 5135 Palm Drive built and last sold?

The property at 5135 Palm Drive was built in 2010 and last sold on Aug 3, 2021 for $585,000.

How much is this home worth?

The estimated value of the home located at 5135 Palm Drive is $1,423,532.

What are some comparable homes to 5135 Palm Drive?

There are currently no comparable homes to 5135 Palm Drive.

Brevard

32951

New Melbourne Beach

5135 Palm Drive

Sold on Aug 4, 2021

Map

$585,000

● House - Off Market

5135 Palm Drive

Melbourne Beach, FL 32951

4 Beds

3 Baths, 1 Half Bath

3,258 Ft²

$674,076

RealtyHop Estimate

14.44%

Since Sep 1, 2021

National-US

Primary Model

About This Property

Affordable, and extremely rare in today's market, this Beachside fixer-upper with tons of potential. Featuring a solid foundation, with precast, concrete construction, this home has promise for an incredible renovation. Located on a surf-happy stretch of Melbourne Beach, and tucked back in a notable neighborhood that fully encompasses the communities' friendly, coastal charm. In close proximity to tons of notable amenities including private beaches, Brevard's best schools, Sebastian Inlet state park, a multitude of ocean and river access, dining, and entertainment for all.

Unit Size

3,258 Ft²

Days on Market

33 days

Land Size

0.34 acres

Price per sqft

$181

Property Type

House

Property Taxes

$55

HOA Dues

Year Built

2010

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Space Coast MLS #909271)

Price History

Date / Event	Date	Event
Aug 1, 2023	No longer available	-
No longer available
Jul 13, 2023	Price Decreased	$1,350,000 ↓ $150K (10%)
Price Decreased
Mar 31, 2023	Relisted	$1,500,000
Relisted
Mar 29, 2023	In contract	-
In contract
Mar 5, 2023	Price Decreased	$1,500,000 ↓ $50K (3.2%)
Price Decreased
Feb 25, 2023	Relisted	$1,550,000
Relisted
Feb 21, 2023	In contract	-
In contract
Jan 14, 2023	Listed by Premier Properties Real Estate, Inc.	$1,550,000
Listed by Premier Properties Real Estate, Inc.

	Incredible TOTAL Remodel Just Completed On This 3 Story Dream Home That Has Panoramic, Amazing Views Of Ocean And River. Impressive Renovated Balconies on Each Level To Enjoy The Views And Breezes. Built SOLID with Poured Concrete Construction. EVERYTHING IS NEW ON THIS HOME! Brand New Impact Windows and Sliders. Brand New Roof In 2022! New AC, New Electrical, New Plumbing, New Impact Windows/Doors, New Baths, New Kitchen w/New Appliances And Amazing Ocean Views. Big Loft. New Italian Porcelain Tile And New Carpet. New Elevator. New Paint Inside And Out. Brand New Pool Just Installed. New Garage Doors And Openers. Deep Garage Has One Garage Door On West&One On East Side Of Home. New Landscaping on .34 Lot. Beach Access Is 5 Minute Walk Away. The Beaches Are Pristine, Not Crowded At All The manager has listed the unit size as 4158 square feet.
Aug 4, 2021	Sold	Premium
Sold
Jul 1, 2021	Listed by One Sotheby's International	$589,000
Listed by One Sotheby's International
May 14, 2021	Sold	Premium
Sold
Mar 5, 2021	Listed by One Sotheby's International	$425,000
Listed by One Sotheby's International
Mar 29, 2002	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

With View

Building Info

Overview

General

Year Built: 2010

Effective Year Built: 2012
Building Count: 1
Bedroom Count: 0
Building Condition: 0
Building Quality: 4
Construction Type: 12
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 0
Roof Shape Type: 6
Roof Cover Type: 2
Floor Count: 300
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 1,206
Parking Space Count: 5
Patio Type: 69
Porch Type: 126
Pool Type: 8
Location Influence Type: 179

Dimensions

Lot Size Square Feet: 14,810

Lot Size Depth Feet: 1,500
Lot Size Frontage Feet: 1,000
Total Building Area: 9,277
Gross Building Area: 9,277
Building Area: 3,258
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 3,258
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: NEW MELBOURNE BEACH
Land Acres: 0000000340
Standard Land Use Code: 1001
County Land Use Code: 0110
State Land Use Code: 001
Legal Description 1: NEW MELBOURNE BEACH LOTS 25 & 26 BLK 2

Neighborhood

School District Name: Brevard County School District

Census Tract: 066104

Zoning

Zoning: RU-1-7

Geography

Assessors Map Reference: 408

Account Number: 2953486
Parcel: 29-38-10-GX-00002.0-0025.00
Block: 2
Lot: 25
Meridian: SEC 10 TWN 29S RNG 38E
Municipality: UNINCORP DISTRICT 3
Latitude: 27.9825
Longitude: -80.5169

Address

Full Address: 5135 Palm Dr

Address - House Number: 5135
Address - Street Name: Palm
Address - Suffix Type: Dr
State: FL
City Name: Melbourne Beach
Carrier Code: R084
4-Digit Zip Code: 3241
Zip Code: 32951

Valuation

Tax

Total Area: 5,186

Tax Year: 2022
Tax Amount: $832,357
Tax Rate Code Area: 3400

Appraisal Valuation

Standard Deviation: 0.0843

Valuation Date: Jan 03, 2024
Confidence Score: 93
Final Value: 1,303,915
High Value: 1,413,959
Low Value: 1,193,871

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Type:

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Market Valuation

Market Total Value: $643,880

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $643,880

Sales

Current Sale Contract Date: Aug 03, 2021

Current Sale Recording Date: Aug 04, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2021202770
Previous Sale Recording Date: Mar 29, 2002
Previous Sale Contract Date: Mar 27, 2002
Previous Sale Amount: $51,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About New Melbourne Beach

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$363

Below Asking

0.04%

Average Days on Market

147

Average Home Size

1798 ft²

Average Home Age

44.2 years

Currently For Sale

5 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5283 Palmetto Drive, Melbourne Beach, FL, 32951

$2,300 /mo

3 Beds
2 Baths
1,122 ft²

5283 Palmetto Drive, Melbourne Beach, FL, 32951 Listing by Laura L Dowling Roy PA

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Gibbs Baum, One Sotheby's International
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 909271

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