Brevard County Real Estate - Melbourne Beach

Melbourne Beach is a town in Brevard County, Florida, and is Brevard's oldest beach community. Juan Ponce de Leon, the first European to land in Florida, is said to have landed near Melbourne Beach in 1513. The town is located on the same barrier island as Indialantic which borders it to the north. Among the town's points of interest is the the Melbourne Beach Pier, a historic pier expending onto the Indian River.

Melbourne Beach is in East Central Florida. It's population as recorded in the 2010 Census was 3,101. Melbourne Beach is approximately 59 miles from Orlando (population 238,300) and around 56 miles from Port Saint Lucie (population 164,603).

The median age for residents of Melbourne Beach is 49.5. Around 24.7% of Melbourne Beach households include school aged children and 35.6% of households include individuals aged 65 years or over. Census records indicate 96.8% of the Melbourne Beach population are White, .4% are Black or African American, .2% American Indian, 1% Asian and 1.1% are Two or more Races.

There are 1,574 housing units in Melbourne Beach. 230 (14.6%) of these were reported as vacant in the 2010 Census. Melbourne Beach is a tourist destination, 63.4% (146) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 245 residential rental units in Melbourne Beach. 218 of them were occupied in 2010 providing a residential rental vacancy rate of 8.2%.

Melbourne Beach links:

Brevard County

Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.

Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.

Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.

Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.

Neighboring Properties

AddressTypeSq FtClass 
172 Sanibel Way Single Family 1,617 B
152 Sanibel Way Single Family 1,778 B
165 Captiva Ct Single Family 1,621 B
163 Sanibel Way Single Family 2,000 B
175 Captiva Ct Single Family 1,976 B
155 Captiva Ct Single Family 1,989 B
173 Sanibel Way Single Family 2,000 B
153 Sanibel Way Single Family 1,510 B
182 Sanibel Way Single Family 2,200 B
142 Sanibel Way Single Family 1,488 B
185 Captiva Ct Single Family 1,557 B
164 Captiva Ct Single Family 2,206 B
183 Sanibel Way Single Family 2,021 B
150 Ocean Ridge Dr Single Family 1,677 B
160 Ocean Ridge Dr Single Family 1,743 A
143 Sanibel Way Single Family 0 B
174 Captiva Ct Single Family 2,000 B
145 Captiva Ct Single Family 1,644 B
154 Captiva Ct Single Family 1,520 B
140 Ocean Ridge Dr Single Family 1,539 B
170 Ocean Ridge Dr Single Family 1,972 B
184 Captiva Ct Single Family 2,206 B
192 Sanibel Way Single Family 1,517 B
132 Sanibel Way Single Family 1,900 A
195 Captiva Ct Single Family 1,621 B
193 Sanibel Way Single Family 2,016 B
180 Ocean Ridge Dr Single Family 1,520 B
194 Captiva Ct Single Family 1,930 B
151 Ocean Ridge Dr Single Family 1,773 A
122 Sanibel Way Single Family 1,516 B
161 Ocean Ridge Dr Single Family 1,939 B
144 Captiva Ct Single Family 3,246 A
141 Ocean Ridge Dr Single Family 1,939 B
396 Pier Ln Condominium 0 A
397 Pier Ln Condominium 0 A
407 Pier Ln Condominium 0 A
406 Pier Ln Condominium 0 A
386 Pier Ln Condominium 0 A
387 Pier Ln Condominium 0 A
416 Pier Ln Condominium 0 A
417 Pier Ln Condominium 0 A
202 Sanibel Way Single Family 1,986 B
377 Pier Ln Condominium 0 A
376 Pier Ln Condominium 0 A
426 Pier Ln Condominium 0 A
427 Pier Ln Condominium 0 A
205 Captiva Ct Single Family 2,106 B
436 Pier Ln Condominium 0 A
437 Pier Ln Condominium 0 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
2990 Highway A1a .19 3,072 $1,895,000
3035 Highway A1a .31 2,036 $769,999
3039 Highway A1a .31 2,036 $655,000
2705 Highway A1a .42 1,848 $740,000
3174 Beach Winds Ct .55 1,148 $385,000
3291 River Villa Way .64 1,148 $365,000
192 River Walk Dr .74 2,872 $1,395,000
3315 Highway A1a .84 0 $2,190,000
4975 Dixie Hwy Ne 1.94 1,849 $479,900
4750 Dixie Hwy Ne 1.96 1,500 $1,400,000
4400 Dixie Hwy Ne 1.99 39,234 $4,950,000
2959 Indian River Dr Ne 2.08 672 $150,000
2933 Pospisil Ave Ne 2.16 883 $1,000,000
510 Third Ave 2.19 3,100 $1,900,000
2347 Port Malabar Blvd Ne 2.27 1,188 $299,000

Local Household Income

The median household income in this part of Florida is $72,768. The bottom 10% of the population earn less than $23,880 per year. The top 10% earn more than $187,088 per year. The top 1% earn more than $641,838 per year. Most renters earn between $33,936 (20th percentile) and $61,692 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $145,536 and $181,920.

The tax assessed value of this property places it in percentile 72 of all properties in this area. This suggests it would appeal to someone earning around $113,036 per year who should qualify for a mortgage between $226,072 and $282,590.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,015. Most renters earn between $2,828 and $5,141 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $738 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 72 of all properties in this area. This corresponds to a rent of $1,260 per month and a monthly household income of $4,647 ($55,764 per year)

Nearby Companies

Roger Baker Consulting, LLC
250 Ocean Ridge Dr
Orange Wolf Studios LLC
204 Captiva Ct
Sinful Siren LLC
204 Captiva Ct
Disclaimers and Disclosures

Public Records Data

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