When was property at 7102 Mercado Lane built and last sold?

The property at 7102 Mercado Lane was built in 2018 and last sold on Jul 28, 2021 for $735,000.

How much is this home worth?

The estimated value of the home located at 7102 Mercado Lane is $848,738.

What are some comparable homes to 7102 Mercado Lane?

There are currently no comparable homes to 7102 Mercado Lane.

Viera West

32940

7102 Mercado Lane

$825,000

● House - Off Market

7102 Mercado Lane

Melbourne, FL 32940

4 Beds

4 Baths, 1 Half Bath

3,436 Ft²

$5,638

Est. Monthly

$717

HOA / Fees

1.98%

Cap Rate

About This Property

PRICE REDUCED BY $10K! This highly sought after Mecina Model, located on a corner lot in Arrivas Village is located in the heart of Viera. With over $250,000 in upgrades, this exquisite home offers a multitude of must see amenities. The spacious interior (over 3,400 square feet) is well allocated with 4 bedrooms, 4.5 bathrooms and a separate guest suite. Enter the foyer and be greeted by a light-filled den which includes a stunning wood stained staircase. This Mediterranean inspired home expands outdoor living with a second kitchen in the expansive covered and newly screened in courtyard. HOA covers lawn care and maintenance, irrigation, whole house exterior painting and access to community pool. The gourmet kitchen includes 42'' cabinets, stainless steel appliances and a gas stove. Reverse osmosis at kitchen sink, tankless H2O. Tile throughout the house. Second laundry room hook-up located on first floor. Exterior of home painted Feb 2025.

Unit Size

3,436 Ft²

Days on Market

153 days

Land Size

0.18 acres

Price per sqft

$246

Property Type

House

Property Taxes

$771

HOA Dues

$717

Year Built

2018

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Space Coast MLS #1035789)

Price History

Date / Event	Date	Event
Jul 2, 2025	Sold	Premium
Sold
Jun 6, 2025	In contract	-
In contract
May 21, 2025	Price Decreased	$845,000 ↓ $20K (2.3%)
Price Decreased
Apr 24, 2025	Price Decreased	$865,000 ↓ $20K (2.3%)
Price Decreased
Mar 11, 2025	Price Decreased	$885,000 ↓ $10K (1.1%)
Price Decreased
Jan 30, 2025	Listed by Crossover Commercial Group, In	$895,000
Listed by Crossover Commercial Group, In
Aug 5, 2021	Sold	Premium
Sold
Apr 14, 2021	Listed by Crossover Commercial Group, In	$750,000
Listed by Crossover Commercial Group, In
Sep 17, 2018	Sold	Premium
Sold
Apr 1, 2017	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

With View

Building Info

Overview

General

Year Built: 2018

Effective Year Built: 2019
Building Count: 1
Bedroom Count: 0
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: 200
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 598
Parking Space Count: 0
Patio Type: 0
Porch Type: 126
Pool Type: 0
Location Influence Type: 179

Dimensions

Lot Size Square Feet: 7,841

Total Building Area: 4,649
Gross Building Area: 4,649
Building Area: 3,436
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 3,436
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ARRIVAS VILLAGE - PHASE 2
Land Acres: 0000000180
Standard Land Use Code: 1001
County Land Use Code: 0110
Legal Description 1: ARRIVAS VILLAGE - PHASE 2 LOT 3 BLK X

Neighborhood

School District Name: Brevard County School District

Census Tract: 071201

Geography

Assessors Map Reference: MB 61 PG 4

Account Number: 3011765
Subdivision Phase Number: 2
Parcel: 26-36-09-52-0000X.0-0003.00
Block: X
Lot: 3
Meridian: SEC 09 TWN 26S RNG 36E
Municipality: UNINCORP DISTRICT 4
Latitude: 28.2351
Longitude: -80.7313

Address

Full Address: 7102 Mercado Ln

Address - House Number: 7102
Address - Street Name: Mercado
Address - Suffix Type: Ln
State: FL
City Name: Melbourne
Carrier Code: R002
4-Digit Zip Code: 7646
Zip Code: 32940

Valuation

Tax

Tax Year: 2022

Tax Amount: $839,487
Tax Rate Code Area: 4200

Appraisal Valuation

Standard Deviation: 0.0843

Valuation Date: Jan 03, 2024
Confidence Score: 93
Final Value: 735,760
High Value: 797,855
Low Value: 673,666

Market Valuation

Market Total Value: $651,440

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $651,440

Sales

Current Sale Contract Date: Jul 28, 2021

Current Sale Recording Date: Aug 05, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2021203392
Previous Sale Recording Date: Sep 17, 2018
Previous Sale Contract Date: Sep 14, 2018
Previous Sale Amount: $621,400
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 Viera West

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$262

Below Asking

0.02%

Average Days on Market

Average Home Size

2217 ft²

Average Home Age

10.4 years

Currently For Sale

74 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 3010 Avalonia Drive, Melbourne, FL, 32940

$3,000 /mo

3 Beds
2 Baths
1,481 ft²

3010 Avalonia Drive, Melbourne, FL, 32940 Listing by Nicole O. Irizarry-Heisey

Unit for rent at 2317 Deercroft Drive, Melbourne, FL, 32940

$2,800 /mo

4 Beds
2 Baths
1,902 ft²

2317 Deercroft Drive, Melbourne, FL, 32940 Listing by Michael B. Swanson

Unit for rent at 3664 Gurrero Drive, Melbourne, FL, 32940

$3,300 /mo

3 Beds
2 Baths
2,061 ft²

3664 Gurrero Drive, Melbourne, FL, 32940 Listing by Ellie M Chan

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Richard V Harris, Crossover Commercial Group, In
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 1035789

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

7102 Mercado Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Viera West

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions