Osprey Villas East is the neighborhood in Melbourne Beach where $672,000 was the median across two closed sales in the last twelve months, the association runs about $452 a month, and three of three had a private pool. Built 2002 to 2006.
Osprey Villas East sits in Melbourne Beach, in the 32951 zip code, on Whaler. Over the last twelve months two of the three properties I tracked here actually closed, at a $672,000 median.
The housing stock is 2 single-family homes and 1 townhouses, built 2002 to 2006. Sizes are consistent enough that the comparable sales here read cleanly.
Sellers closed at about 98 percent of original list. That is tight. An aggressive offer in Osprey Villas East is usually how you lose the property to someone who wrote a clean one.
The association reports at about $452 a month across 3 of the 3 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.
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 | 2 single-family homes and 1 townhouses |
| Home size range | Roughly 1,980 to 2,703 square feet, median about 2,005 |
| Bedrooms and baths | three bedrooms, three baths |
| Lot size | 0.08 to 0.09 acres, median about 0.08 |
| Year built | 2002 to 2006, median 2002 |
| Median sold price | $672,000 over the last twelve months |
| Sold price range | $669,000 to $675,000 |
| Price per square foot | About $337 median |
| HOA dues | $452 median a month, reported on 3 of 3 listings |
| Waterfront | None of the three recent listings reported water frontage |
| Private pools | 3 of 3 |
| Garage | 3 of 3 listings reported a garage |
| Property tax | About $4,885 median annual, ranging widely with assessment history |
| Days on market | 101 days median, at about 98 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 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.
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 101 day median with closings near 98 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.
A median of $452 a month across 3 of the 3 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
3 of the last 3 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.
Median year built is 2002. Newer roofs and newer wiring generally quote better on insurance, which is worth real money here.
3 of the 3 listings reported a garage, which on the beachside is less common than buyers expect.
The ocean is east and the river west, with A1A running the length of the island south toward Sebastian Inlet and north to the Melbourne Causeway.
Median days on market was 101. Longer market time is where your negotiating room comes from, and it is also worth asking why one specific property has been sitting.
Nothing is listed inside Osprey Villas East at this moment, which happens in a neighborhood this size. Below is every active Melbourne Beach listing between $400,000 and $1,075,000, the band Osprey Villas East actually trades in. Call me at (321) 212-7676 and I will tell you the day something lists on these streets.
The median closed price over the last twelve months was $672,000 across two sales, ranging $669,000 to $675,000. Median price per square foot was $337.
Yes. The median reported association fee is $452 a month, on 3 of the 3 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
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.
Sellers closed at about 98 percent of original list over the last year. That is tight, and an aggressive offer usually costs you the property. I price the offer off the specific comparable sales, not the neighborhood average.
Yes. 3 of the 3 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 $4,885, 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.
Osprey Villas East sits in Melbourne Beach, in the 32951 zip code, on Whaler. 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 Osprey Villas East 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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