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407 3rd Ave

Melbourne Beach, FL 32951

5 bd 4 ba 3,353 sqft Built 2023 Lot 9,148 sqft single_family
Most recent sale
$1,336,500
Mar 25, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 25, 2024 Sold $1,336,500 SpaceCoast
Aug 2, 2023 Listed $1,399,000 SpaceCoast
Jun 15, 2021 Sold $350,000 Public Record
Feb 17, 2017 Sold $200,000 SpaceCoast
Feb 5, 2017 Listed $249,000 SpaceCoast

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $642,240 $300,000 $942,240 $14,297
2024 $642,240 $300,000 $942,240 $4,598
2023 $300,000 $300,000 $4,572
2022 $300,000 $300,000 $4,668
2021 $219,810 $3,759
2020 $19,830 $180,000 $199,830 $3,443
2019 $33,520 $152,480 $186,000 $3,285
2018 $37,230 $152,480 $189,710 $3,397
2017 $64,390 $627
2016 $63,070 $645
2015 $62,640 $657
2014 $62,150 $660
2013 $61,240 $670
2012 $60,220 $596
2011 $58,470 $575
2010 $57,610 $521
2009 $56,100 $480
2008 $56,050 $457
2007 $54,420 $473

Property facts

Year built
2023
Property type
single_family
Stories
2
Beds
5
Baths
4
Living area
3,353 sqft
Lot size
9,148 sqft
ZIP code
32951
City
Melbourne Beach
Street
3rd Ave
Coordinates
28.06518, -80.56156

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$6,203
Gross rental yield
5.57%
Implied cap rate
3.62%
Trend-extrapolated value

Frequently asked questions

When did 407 3rd Ave last sell?
407 3rd Ave most recently sold on Mar 25, 2024 for $1,336,500.
What is the current tax assessment for 407 3rd Ave?
The most recent total assessment for 407 3rd Ave (year 2025) is $942,240 with $14,297 in property tax.
How does 407 3rd Ave's assessment compare to its last sale price?
The current assessment is 29.5% below the last sale price of $1,336,500.
When was 407 3rd Ave built?
407 3rd Ave was built in 2023.
How does 407 3rd Ave compare to others on 3rd Ave?
We track 8 other properties on 3rd Ave. Browse the list under "Other properties on 3rd Ave" to compare beds, baths, and sale history.
What are the property facts for 407 3rd Ave?
407 3rd Ave is a 5 bed, 4 bath, 3,353 sqft, 9,148 sqft lot single_family.
Is 407 3rd Ave a flip candidate?
No — 407 3rd Ave does not appear in our flips dataset.
Is 407 3rd Ave a tax-appeal candidate?
No — 407 3rd Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-3.4%
Implied 1-yr
-13.4%
2026 Q3
$656.7K
2026 Q4
$628.5K
ZIP 32951 — Median Price History + Forecast

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