Indian Landing is the neighborhood in Melbourne Beach where $485,000 was the median across seven closed sales in the last twelve months, the association runs about $324 a month, and sellers closed at about 92 percent of original list. Built 2001 to 2005.
Indian Landing sits in Melbourne Beach, in the 32951 zip code, on Tay, Solway, Pentland and Moray. Over the last twelve months seven of the 13 properties I tracked here actually closed, at a $485,000 median.
The housing stock is 9 single-family homes and 4 townhouses, built 2001 to 2005. The size range runs 1,376 to 2,784 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 92 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.
six of the 13 properties are waterfront. That single line is the biggest split inside Indian Landing, and a waterfront property and an interior one on the same street should never be priced off each other.
Every figure below comes from the last twelve months of Melbourne Beach market data for this neighborhood. Nothing here is an estimate.
| Detail | What you get |
|---|---|
| Housing type | 9 single-family homes and 4 townhouses |
| Home size range | Roughly 1,376 to 2,784 square feet, median about 1,998 |
| Bedrooms and baths | three to five bedrooms, two to five baths |
| Lot size | 0.09 to 0.29 acres, median about 0.23 |
| Year built | 2001 to 2005, median 2003 |
| Median sold price | $485,000 over the last twelve months |
| Sold price range | $470,000 to $2,160,000 |
| Price per square foot | About $349 median |
| HOA dues | $324 median a month, reported on 13 of 13 listings |
| Waterfront | 6 of 13, on a canal |
| Private pools | 2 of 13 |
| Garage | 13 of 13 listings reported a garage |
| Property tax | About $5,095 median annual, ranging widely with assessment history |
| Days on market | 49 days median, at about 92 percent of original asking price |
| Location | Melbourne Beach, 32951 |
The line items that decide what this actually costs you, beyond the purchase price.
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.
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.
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.
A 49 day median with closings near 92 percent of the original asking price. That is a genuine gap and it is where a prepared buyer makes money.
6 of the 13 properties front a canal. Verify the seawall condition, the dock permit and the actual depth at low tide before you rely on a listing photo.
A median of $324 a month across 13 of the 13 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
2 of the last 13 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.
From $470,000 to $2,160,000 on the same streets, so condition and location inside the plat decide price far more than the address does.
Median year built is 2003. Newer roofs and newer wiring generally quote better on insurance, which is worth real money here.
13 of the 13 listings reported a garage, which on the beachside is less common than buyers expect.
Every active Indian Landing listing, straight from the MLS and updated as it changes.
The median closed price over the last twelve months was $485,000 across seven sales, ranging $470,000 to $2,160,000. Median price per square foot was $349.
Yes. The median reported association fee is $324 a month, on 13 of the 13 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
6 of the 13 properties front a canal. 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.
Sellers closed at about 92 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.
Yes. 2 of the 13 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.
The median bill on record is about $5,095, 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.
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.
Indian Landing sits in Melbourne Beach, in the 32951 zip code, on Tay, Solway, Pentland and Moray. 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.
If Indian Landing 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.
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