Living in Florida's Space Coast
MELBOURNE SHORES
Melbourne Shores is the single-family neighborhood in Melbourne Beach where $719,500 was the median across 18 closed sales in the last twelve months, the association runs about $150 a month, and twelve of 24 had a private pool. Built 1972 to 2021.
Melbourne Shores In Melbourne Beach, Florida
Melbourne Shores sits in Melbourne Beach, in the 32951 zip code, on Pelican, Riverside, A1A and Ibis. Over the last twelve months 18 of the 24 properties I tracked here actually closed, at a $719,500 median.
The housing stock is 23 single-family homes and 1 townhouses, built 1972 to 2021. The size range runs 1,364 to 5,368 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.
eight of the 24 properties are waterfront. That single line is the biggest split inside Melbourne Shores, and a waterfront property and an interior one on the same street should never be priced off each other.
Melbourne Shores 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 | 23 single-family homes and 1 townhouses |
| Home size range | Roughly 1,364 to 5,368 square feet, median about 2,240 |
| Bedrooms and baths | two to five bedrooms, two to four baths |
| Lot size | 0.20 to 0.78 acres, median about 0.28 |
| Year built | 1972 to 2021, median 1987 |
| Median sold price | $719,500 over the last twelve months |
| Sold price range | $365,000 to $3,100,000 |
| Price per square foot | About $372 median |
| HOA dues | $150 median a month, reported on 19 of 24 listings |
| Waterfront | 8 of 24, on the Atlantic |
| Private pools | 12 of 24 |
| Garage | 24 of 24 listings reported a garage |
| Property tax | About $6,159 median annual, ranging widely with assessment history |
| Days on market | 92 days median, at about 92 percent of original asking price |
| Location | Melbourne Beach, 32951 |
Melbourne Shores 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.
The Seawall And The Dock
The item people forgetA 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 $6,159 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 92 percent of original listA 92 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.
Melbourne Shores Features
Waterfront Available
8 of the 24 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 $150 a month across 19 of the 24 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Pools Are Standard
12 of the last 24 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 $365,000 to $3,100,000 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 1987. 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
24 of the 24 listings reported a garage, which on the beachside is less common than buyers expect.
Homes For Sale In Melbourne Shores
Every active Melbourne Shores listing, straight from the MLS and updated as it changes.
Melbourne Shores Frequently Asked Questions
What do homes sell for in Melbourne Shores?
The median closed price over the last twelve months was $719,500 across 18 sales, ranging $365,000 to $3,100,000. Median price per square foot was $372.
Does Melbourne Shores have an HOA?
Yes. The median reported association fee is $150 a month, on 19 of the 24 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
Is Melbourne Shores waterfront?
8 of the 24 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 Melbourne Shores?
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.
Are there pool homes in Melbourne Shores?
Yes. 12 of the 24 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 Melbourne Shores?
The median bill on record is about $6,159, 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 Melbourne Shores?
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
Melbourne Shores sits in Melbourne Beach, in the 32951 zip code, on Pelican, Riverside, A1A and Ibis. 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 Melbourne Shores In Melbourne Beach
Considering Melbourne Shores?
If Melbourne Shores 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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