Living in Florida's Space Coast
ISLAND SHORES OF MELBOURNE BEACH
Island Shores of Melbourne Beach is the single-family neighborhood in Melbourne Beach where $817,000 was the median across ten closed sales in the last twelve months, the association runs about $50 a month, and nine of 14 had a private pool. Built 1957 to 2025.
Island Shores of Melbourne Beach In Melbourne Beach, Florida
Island Shores of Melbourne Beach sits in Melbourne Beach, in the 32951 zip code, on Magnolia, Hibiscus, Banyan and Oak. Over the last twelve months ten of the 14 properties I tracked here actually closed, at a $817,000 median.
The housing stock is 14 single-family homes, built 1957 to 2025. The size range runs 1,452 to 3,450 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 95 percent of original list, a normal working spread for beachside Brevard. The room that exists shows up on properties that have already cut once.
The association reports at about $50 a month across 3 of the 14 listings. At that level what the fee covers and whether the reserves are funded matters more to your real monthly cost than the purchase price does.
Island Shores of Melbourne Beach 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.
| Detail | What you get |
|---|---|
| Housing type | 14 single-family homes, mostly one story |
| Home size range | Roughly 1,452 to 3,450 square feet, median about 2,251 |
| Bedrooms and baths | three to five bedrooms, two to four baths |
| Lot size | 0.28 to 0.42 acres, median about 0.32 |
| Year built | 1957 to 2025, median 1962 |
| Median sold price | $817,000 over the last twelve months |
| Sold price range | $545,000 to $1,450,000 |
| Price per square foot | About $412 median |
| HOA dues | $50 median a month, reported on 3 of 14 listings |
| Waterfront | None of the 14 recent listings reported water frontage |
| Private pools | 9 of 14 |
| Garage | 14 of 14 listings reported a garage |
| Property tax | About $7,502 median annual, ranging widely with assessment history |
| Days on market | 55 days median, at about 95 percent of original asking price |
| Location | Melbourne Beach, 32951 |
Island Shores of Melbourne Beach Costs, Honestly
The line items that decide what this actually costs you, beyond the purchase price.
Insurance And Flood
Get the quote firstEvery 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.
What The Fee Actually Covers
$50 a month medianA fee is not good or bad on its own. What matters is the budget behind it, whether the reserves are funded, and what has been special assessed in the last three years. I read the budget, the reserve study and two years of minutes before you go under contract.
The Tax Bill Resets
About $7,502 median todayThat 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 95 percent of original listA 55 day median with closings near 95 percent of the original asking price. That is a narrow gap, so the win here comes from being ready to move rather than from grinding the price.
Island Shores of Melbourne Beach Features
Association On Record
A median of $50 a month across 3 of the 14 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Pools Are Standard
9 of the last 14 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.
Mostly Single Story
13 of the 14 listings reporting stories were one level, typical of when this was platted.
A Very Wide Price Range
From $545,000 to $1,450,000 on the same streets, so condition and location inside the plat decide price far more than the address does.
Original Era Housing
Median year built is 1962. Roof age, wiring and plumbing are the three things that decide both your insurance quote and your first five years of budget.
Garages Are Common
14 of the 14 listings reported a garage, which on the beachside is less common than buyers expect.
Homes For Sale In Island Shores of Melbourne Beach
Every active Island Shores of Melbourne Beach listing, straight from the MLS and updated as it changes.
Island Shores of Melbourne Beach Frequently Asked Questions
What do homes sell for in Island Shores of Melbourne Beach?
The median closed price over the last twelve months was $817,000 across ten sales, ranging $545,000 to $1,450,000. Median price per square foot was $412.
Does Island Shores of Melbourne Beach have an HOA?
Yes. The median reported association fee is $50 a month, on 3 of the 14 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
How far is Island Shores of Melbourne Beach from the beach?
Melbourne Beach is a barrier island city, so the Atlantic is a short walk or a two minute drive from anywhere in the neighborhood. None of these properties carry water frontage on record, which is part of why the pricing sits where it does.
Can you negotiate on price in Island Shores of Melbourne Beach?
Sellers closed at about 95 percent of original list over the last year. There is some room, and it tends to show up on properties that have already had a price cut. I price the offer off the specific comparable sales, not the neighborhood average.
Are there pool homes in Island Shores of Melbourne Beach?
Yes. 9 of the 14 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 Island Shores of Melbourne Beach?
The median bill on record is about $7,502, 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 Island Shores of Melbourne Beach?
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.
Melbourne Beach, 32951
Island Shores of Melbourne Beach sits in Melbourne Beach, in the 32951 zip code, on Magnolia, Hibiscus, Banyan and Oak. 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.
Near Island Shores of Melbourne Beach In Melbourne Beach
Considering Island Shores of Melbourne Beach?
If Island Shores of Melbourne Beach 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.
This stunning, custom home is currently nearly completion. Built to exceed Miami-Dade standards, with poured concrete walls this home offers better insurance rates than t...
- 5 Beds
- 4 Baths
- 1061943 MLS
Completely reimagined from top to bottom, this beautifully renovated Melbourne Beach residence pairs timeless coastal style with modern finishes in one of the area's most...
- 4 Beds
- 4 Baths
- 1083159 MLS
Enjoy the Beach lifestyle in this Charming Pool Home in the highly desirable SOFA district (South of Fifth Ave). A short walk to the beach and river, with no HOA and shor...
- 3 Beds
- 2 Baths
- 1080949 MLS
