Yes. 44 Piney Branch Way in Chateau in the Pines is a 2-bedroom, 2.5-bath townhome listed at $149,900, and each bedroom has its own bathroom and balcony.
Most buyers I talk to assume anything under $150,000 on the Space Coast is either a tiny condo or a project. This one is neither. It is a full two-story townhome with 1,288 square feet, a private patio, and a layout that works for a first home, a roommate setup, or a rental. It is my listing, and the price just dropped by $15,000.
Chateau in the Pines is a small townhome community in Melbourne's 32904 ZIP code, on the West Melbourne side of town. Here is everything you need to know before you book a showing.
Schedule a ShowingSee the Property Page
The Home at a Glance
| List price | $149,900 |
| Bedrooms | 2 (both upstairs, each with its own bath and balcony) |
| Bathrooms | 2 full baths plus a half bath |
| Living area | 1,288 sq ft, two stories |
| Year built | 1985 |
| HOA | $349 a month (includes insurance, grounds maintenance and trash) |
| Parking | Assigned |
| 2025 property taxes | $2,431 (seller's bill) |
| MLS # | 1090145 |
The Layout Is the Selling Point
Two bedrooms upstairs on a split layout, each with its own full bathroom, walk-in closet and balcony. Nobody shares a bathroom and nobody walks through anyone else's space. That is rare at this price, and it changes who this home works for.
- First-time buyers get a real guest suite instead of a second bedroom down the hall
- Roommates or co-buyers each get a private suite
- Investors get a layout that rents easily to two tenants
Photo Tour: Inside the Townhome
Downstairs, the living and dining area flows together, with a breakfast bar off the kitchen, indoor laundry and a half bath. Sliding doors open to a private patio, and the windows and sliders have storm shutters.
Upstairs, the two bedroom suites sit on opposite sides of the hall.
The private patio off the living room
What the Monthly Payment Looks Like
Freddie Mac's weekly survey had the 30-year fixed rate at 7.40% as of October 15, 2026. At that rate, here is the principal and interest on $149,900, plus the HOA:
| Down payment | Loan amount | Principal and interest | Plus HOA |
|---|---|---|---|
| 3.5% ($5,247) | $144,654 | $1,002 | $1,351 |
| 5% ($7,495) | $142,405 | $986 | $1,335 |
| 20% ($29,980) | $119,920 | $830 | $1,179 |
Zillow's Rent Zestimate for this townhome is about $1,637 a month. Even with 3.5% down, principal, interest and the HOA come in under that number.
These figures do not include property taxes, your own interior insurance policy, or mortgage insurance. The HOA fee already includes insurance, so ask your insurance agent what coverage you still need inside the unit. Loan options for townhomes in an HOA can depend on the community, so have your lender confirm before you write an offer.
The Chateau in the Pines Location
This unit sits on a wooded lot at the end of a dead-end street, with trees out the back. The community has a pool, and you are close to shopping and the major roads that connect Melbourne and West Melbourne. If you are deciding between the two cities, my Melbourne vs West Melbourne comparison breaks down the differences.
The front entry and courtyard
Three homes in Chateau in the Pines have closed in the past 12 months, listed between $129,000 and $189,000. You can see every current listing on the Chateau in the Pines homes for sale page.
Who This Townhome Fits
If you are renting in Melbourne right now, this is worth a look, because the monthly math lines up. If you are buying your first home, start with my first-time homebuyer guide for Melbourne, FL. If you are an investor, my Melbourne investment property guide covers what to check before you buy a rental here.
Frequently Asked Questions
What does the HOA cover at Chateau in the Pines?
The HOA at 44 Piney Branch Way is $349 a month and includes insurance, grounds maintenance and trash. Residents also have access to the community pool.
How many bathrooms does 44 Piney Branch Way have?
It has two full baths and a half bath. Each upstairs bedroom has its own full bathroom, and the half bath is on the main floor.
Is Chateau in the Pines in Melbourne or West Melbourne?
This unit has a Melbourne address in the 32904 ZIP code and sits on the West Melbourne side of town. Some units in the community carry a West Melbourne address, so check the specific listing.
See 44 Piney Branch Way in Person
My partner Nichole and I got your back. Call or text (321) 212-7676 or visit www.livingspacecoast.com. You can also view the full listing and every photo.
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