The association runs $1,091 a month and sellers gave up 12 percent off original list

AQUARINA

Aquarina is the neighborhood in Melbourne Beach where $700,000 was the median across twelve closed sales in the last twelve months, the association runs about $1,091 a month, and sellers closed at about 88 percent of original list. Built 1984 to 2020.

1,764 to 3,209 sq ft
Home Size
$700,000
Median Sold Price
$1,091
Association Dues
4 of 22
Waterfront Sales
What Aquarina actually is

Aquarina In Melbourne Beach, Florida

Aquarina sits in Melbourne Beach, in the 32951 zip code, on Warsteiner, Aquarina, Osprey Villas and A1A. Over the last twelve months twelve of the 22 properties I tracked here actually closed, at a $700,000 median.

The housing stock is 10 condos, 7 townhouses and 5 single-family homes, built 1984 to 2020. The size range runs 1,764 to 3,209 square feet, which is wide enough that the neighborhood median tells you very little about any one property. Price it off the comparable sales on that street, not the plat.

Sellers closed at about 88 percent of original list, one of the softer ratios on the beachside. That usually means listings started high and cut more than once, not that buyers are stealing anything.

four of the 22 properties are waterfront. That single line is the biggest split inside Aquarina, and a waterfront property and an interior one on the same street should never be priced off each other.

The numbers, in one place

Aquarina At A Glance

Every figure below comes from the last twelve months of Melbourne Beach market data for this neighborhood. Nothing here is an estimate.

DetailWhat you get
Housing type10 condos, 7 townhouses and 5 single-family homes
Home size rangeRoughly 1,764 to 3,209 square feet, median about 2,290
Bedrooms and bathstwo to five bedrooms, two to four baths
Lot size0.02 to 0.40 acres, median about 0.07
Year built1984 to 2020, median 2004
Median sold price$700,000 over the last twelve months
Sold price range$375,000 to $1,605,000
Price per square footAbout $276 median
HOA dues$1,091 median a month, reported on 22 of 22 listings
Waterfront4 of 22, on the Atlantic
Private pools6 of 22
Garage22 of 22 listings reported a garage
Property taxAbout $6,600 median annual, ranging widely with assessment history
Days on market85 days median, at about 88 percent of original asking price
LocationMelbourne Beach, 32951
Where the money goes

Aquarina Costs, Honestly

The line items that decide what this actually costs you, beyond the purchase price.

Insurance And Flood

Get the quote first

Every address on this island is underwritten on its own elevation certificate, roof age and opening protection. Two properties on the same street can be thousands apart a year. I get you a real quote inside the inspection period, before the payment you are picturing becomes the payment you are stuck with.

The Seawall And The Dock

The item people forget

A seawall has a lifespan and replacing one is a five figure job. So is a dock, a lift and the electrical that runs them. On a property where the association may or may not own that structure, that question gets answered in writing before you go hard on a deposit.

The Tax Bill Resets

About $6,600 median today

That is what the current owners pay, not what you will. Florida caps annual assessment increases for homesteaded owners and the cap resets on sale, so on a property somebody has held fifteen years your first bill can land materially higher. I run the reset number before you write.

Real Negotiating Room

About 88 percent of original list

A 85 day median with closings near 88 percent of the original asking price. That is a genuine gap and it is where a prepared buyer makes money.

What you are actually buying

Aquarina Features

Waterfront Available

4 of the 22 properties front the Atlantic. Verify the seawall condition, the dock permit and the actual depth at low tide before you rely on a listing photo.

Association On Record

A median of $1,091 a month across 22 of the 22 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.

Pool Homes Here

6 of the last 22 had a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than they do inland, so those get inspected separately from the house.

A Very Wide Price Range

From $375,000 to $1,605,000 on the same streets, so condition and location inside the plat decide price far more than the address does.

Newer Construction

Median year built is 2004. Newer roofs and newer wiring generally quote better on insurance, which is worth real money here.

Garages Are Common

22 of the 22 listings reported a garage, which on the beachside is less common than buyers expect.

See what is actually available

Homes For Sale In Aquarina

Every active Aquarina listing, straight from the MLS and updated as it changes.

Straight answers

Aquarina Frequently Asked Questions

What do homes sell for in Aquarina?

The median closed price over the last twelve months was $700,000 across twelve sales, ranging $375,000 to $1,605,000. Median price per square foot was $276.

Does Aquarina have an HOA?

Yes. The median reported association fee is $1,091 a month, on 22 of the 22 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.

Is Aquarina waterfront?

4 of the 22 properties front the Atlantic. Which water it is changes the price, and on canal or river frontage the seawall, the dock permit and the low tide depth all need checking before you rely on the photos.

Can you negotiate on price in Aquarina?

Sellers closed at about 88 percent of original list over the last year. That is softer than most of the beachside, which usually means listings started high rather than that buyers are getting bargains. I price the offer off the specific comparable sales, not the neighborhood average.

Are there pool homes in Aquarina?

Yes. 6 of the 22 properties have a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than inland, so I have those inspected separately from the structure.

What are property taxes like in Aquarina?

The median bill on record is about $6,600, but that is what the current owners pay. Florida caps annual assessment increases for homesteaded owners and the cap resets when the property sells, so your first bill can be materially higher. I run the reset number before you write an offer.

What is the buying process like in Aquarina?

I pull the closed comparable sales for the specific street, get a real wind and flood quote inside the inspection period, run the tax reset so the monthly payment you are picturing is the one you will actually have, and read whatever association or deed documents apply. Then we write. Call me at (321) 212-7676.

Where Aquarina sits

Melbourne Beach, 32951

Aquarina sits in Melbourne Beach, in the 32951 zip code, on Warsteiner, Aquarina, Osprey Villas and A1A. The town runs south along A1A from the Melbourne Causeway toward Sebastian Inlet, and the further south you go the thinner and quieter the island gets.

That geography is the whole story on price down here. A Melbourne Beach address can mean a 1950s cottage two blocks from the pier or a gated riverfront community fifteen minutes south. Those are different markets that happen to share a post office.

Melbourne BeachCondos32951$700K Plus
Talk to a local

Considering Aquarina?

If Aquarina is on your list, my partner Nichole and I are the agents to call. We work Melbourne Beach every week, we know these streets, and we will tell you straight whether a property is priced right. Reach out anytime at (321) 212-7676.