Living in Florida's Space Coast
SUNSET BAY
Sunset Bay is the single-family neighborhood in Melbourne Beach where $835,000 was the median across one closed sales in the last twelve months, not one listing reported an association, and sellers closed at about 98 percent of original list. Built 1925 to 2008.
Sunset Bay In Melbourne Beach, Florida
Sunset Bay sits in Melbourne Beach, in the 32951 zip code, on Sunset and Oak. Over the last twelve months one of the four properties I tracked here actually closed, at a $835,000 median.
The housing stock is 4 single-family homes, built 1925 to 2008. The size range runs 1,972 to 6,000 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 98 percent of original list. That is tight. An aggressive offer in Sunset Bay is usually how you lose the property to someone who wrote a clean one.
No association appears on any property here. No board, no dues, and no reserve fund either. The roof and the driveway are yours alone. Recorded deed restrictions may still apply, and I pull those for the specific parcel before you write.
Sunset Bay 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 | 4 single-family homes |
| Home size range | Roughly 1,972 to 6,000 square feet, median about 2,399 |
| Bedrooms and baths | three to six bedrooms, two to four baths |
| Lot size | 0.25 to 0.74 acres, median about 0.48 |
| Year built | 1925 to 2008, median 1967 |
| Median sold price | $835,000 over the last twelve months |
| Sold price range | $835,000 to $835,000 |
| Price per square foot | About $423 median |
| HOA dues | None. All four recent listings reported no association. |
| Waterfront | None of the four recent listings reported water frontage |
| Private pools | None reported on the four recent listings |
| Garage | 4 of 4 listings reported a garage |
| Property tax | About $7,145 median annual, ranging widely with assessment history |
| Days on market | 9 days median, at about 98 percent of original asking price |
| Location | Melbourne Beach, 32951 |
Sunset Bay 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.
No Reserve Fund Behind You
No association hereNo dues is a real advantage until the roof goes. There is no shared reserve on these streets, so the roof, the driveway, the AC and the fence are funded by you on your own timeline. That is a fair trade, but it should be a budgeted one.
The Tax Bill Resets
About $7,145 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 98 percent of original listA 9 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.
Sunset Bay Features
No HOA At All
All four recent listings reported no association. Nothing governs the paint color, the boat in the driveway or the fence line except the recorded deed restrictions on that plat.
Original Era Housing
Median year built is 1967. 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
4 of the 4 listings reported a garage, which on the beachside is less common than buyers expect.
Minutes To The Ocean
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.
Moves Fast
Median days on market was 9. Financing has to be settled before you start looking, because properties here go under contract before most buyers finish scheduling a showing.
Homes For Sale In Sunset Bay
Every active Sunset Bay listing, straight from the MLS and updated as it changes.
Sunset Bay Frequently Asked Questions
What do homes sell for in Sunset Bay?
The median closed price over the last twelve months was $835,000 across one sales, ranging $835,000 to $835,000. Median price per square foot was $423.
Does Sunset Bay have an HOA?
No. All four recent listings reported no association. Recorded deed restrictions may still apply to the plat, and I pull those for the specific parcel.
How far is Sunset Bay 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 Sunset Bay?
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.
What are property taxes like in Sunset Bay?
The median bill on record is about $7,145, 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 Sunset Bay?
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
Sunset Bay sits in Melbourne Beach, in the 32951 zip code, on Sunset 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.
Considering Sunset Bay?
If Sunset Bay 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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