See Home Value
$664,250
● House - Off Market

5397 Solway Drive

Melbourne Beach, FL 32951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,675 Ft²
$4,155
Est. Monthly
$441
HOA / Fees
2.14%
Cap Rate

About This Property

Discover this well-maintained three-bedroom, two-bathroom home with a split floor plan in a beautiful ocean-to-river, gated community. Known for its stunningly designed and landscaped homes and friendly neighbors, this community offers a wonderful lifestyle. The property features a private dock on a tranquil Indian River canal, perfect for paddle boarding, kayaking, and enjoying breathtaking sunsets. It also includes a deeded dry boat storage space for larger watercraft and an oversized garage that provides extra work or storage space. The community amenities include tennis courts, a refreshing pool, yard maintenance, and a private boat ramp to the river. You'll also have access to peaceful beaches, part of the largest sea turtle nesting area in the Western Hemisphere. With A-rated schools nearby, this is an opportunity not to be missed for those seeking the ultimate Florida lifestyle! Plus, a new roof will be installed in September 2024.
Unit Size
1,675 Ft²
Days on Market
62 days
Land Size
0.26 acres
Price per sqft
$411
Property Type
House
Property Taxes
$330
HOA Dues
$441
Year Built
2003

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Cap Rate Calculator

Last updated: 6 months ago (Space Coast MLS #1023646)

Price History

Date / Event Date Event Price
Nov 1, 2024 Sold
Sold
Sep 28, 2024 In contract -
In contract
Sep 16, 2024 Relisted $689,000
Relisted
Sep 12, 2024 No longer available -
No longer available
Aug 30, 2024 Listed by One Sotheby's International $689,000
Listed by One Sotheby's International
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • 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: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 518
  • Parking Space Count: 2
  • Patio Type: 17
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,624
  • Gross Building Area: 2,624
  • Building Area: 1,805
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,805
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN LANDING PHASE II
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: INDIAN LANDING PHASE II LOT 22 BLK I & BOAT STORAGE UNIT 22 LYING WITHIN TRACT D

Neighborhood

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

Zoning

  • Zoning: RU-2-4

Geography

  • Assessors Map Reference: 408
  • Account Number: 2961431
  • Subdivision Phase Number: II
  • Subdivision Tract Number: D
  • Parcel: 29-38-10-81-0000I.0-0022.00
  • Block: I
  • Lot: 22
  • Meridian: SEC 10 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.974
  • Longitude: -80.5155

    Address

  • Full Address: 5397 Solway Dr
  • Legal Unit: 22
  • Address - House Number: 5397
  • Address - Street Name: Solway
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R017
  • 4-Digit Zip Code: 3375
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 2,192
  • Tax Year: 2022
  • Tax Amount: $374,316
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 733,172
  • High Value: 865,831
  • Low Value: 600,513

    Market Valuation

  • Market Total Value: $519,330

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $306,180

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 21, 2003
  • Current Sale Recording Date: May 30, 2003
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2003159184

    Financing

  • First Mortgage Financing Type: ADJ
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 Indian Landing


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 112 Casseekee Trail, Melbourne Beach, FL, 32951

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,350 ft²
112 Casseekee Trail #2112, Melbourne Beach, FL, 32951 Listing by Laura L Dowling Roy PA


Frequently Asked Questions

When was property at 5397 Solway Drive built and last sold?
The property at 5397 Solway Drive was built in 2003 and last sold on May 21, 2003 for $130,000.
How much is this home worth?
The estimated value of the home located at 5397 Solway Drive is $0.
What are some comparable homes to 5397 Solway Drive?
There are currently no comparable homes to 5397 Solway Drive.