1245 Silver Lake Dr
Melbourne, FL 32940
3 bd 2 ba 2,504 sqft Built 1988 single_family
Most recent sale
$651,000
Jun 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 10, 2022 | Sold | $651,000 | MLS #933655 |
| May 3, 2022 | Listed | $639,000 | MLS #933655 |
| Jan 20, 2016 | Sold | $320,000 | MLS #741702 |
| Dec 9, 2015 | Listed | $329,900 | MLS #741702 |
| Feb 24, 2012 | Listing removed | $374,900 | SpaceCoast |
| Jul 14, 2011 | Listing removed | $364,900 | SpaceCoast |
| Jul 19, 2007 | Listed | $364,900 | MLS #478412 |
| Mar 26, 2007 | Listed | $374,900 | MLS #464395 |
| May 1, 1988 | Sold | $177,500 | Public Record |
| Apr 1, 1988 | Sold | $177,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $362,760 | $137,500 | $500,260 | $6,943 |
| 2024 | $362,760 | $137,500 | $500,260 | $6,905 |
| 2023 | $373,210 | $154,000 | $527,210 | $7,150 |
| 2021 | — | — | $349,580 | $5,253 |
| 2020 | $259,800 | $58,000 | $317,800 | $4,774 |
| 2019 | $255,850 | $58,000 | $313,850 | $4,799 |
| 2018 | $252,830 | $58,000 | $310,830 | $4,772 |
| 2017 | $212,740 | $58,000 | $270,740 | $4,463 |
| 2016 | $198,370 | $66,000 | $264,370 | $4,555 |
| 2015 | — | — | $194,380 | $2,900 |
| 2014 | — | — | $192,840 | $2,918 |
| 2013 | — | — | $189,990 | $2,937 |
| 2012 | — | — | $186,820 | $2,514 |
| 2011 | — | — | $186,650 | $2,522 |
| 2010 | — | — | $191,770 | $2,406 |
| 2009 | — | — | $186,730 | $2,200 |
| 2008 | — | — | $186,550 | $2,201 |
Property facts
Year built
1988
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,504 sqft
Lot size
—
ZIP code
32940
City
Melbourne
Street
Silver Lake Dr
Coordinates
28.21893, -80.69937
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,632
Gross rental yield
8.54%
Implied cap rate
5.55%
Trend-extrapolated value
—
Frequently asked questions
When did 1245 Silver Lake Dr last sell?
1245 Silver Lake Dr most recently sold on Jun 10, 2022 for $651,000.
What is the current tax assessment for 1245 Silver Lake Dr?
The most recent total assessment for 1245 Silver Lake Dr (year 2025) is $500,260 with $6,943 in property tax.
How does 1245 Silver Lake Dr's assessment compare to its last sale price?
The current assessment is 23.2% below the last sale price of $651,000.
When was 1245 Silver Lake Dr built?
1245 Silver Lake Dr was built in 1988.
How does 1245 Silver Lake Dr compare to others on Silver Lake Dr?
We track 8 other properties on Silver Lake Dr. Browse the list under "Other properties on Silver Lake Dr" to compare beds, baths, and sale history.
What are the property facts for 1245 Silver Lake Dr?
1245 Silver Lake Dr is a 3 bed, 2 bath, 2,504 sqft single_family.
Is 1245 Silver Lake Dr a flip candidate?
No — 1245 Silver Lake Dr does not appear in our flips dataset.
Is 1245 Silver Lake Dr a tax-appeal candidate?
No — 1245 Silver Lake Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$537.5K
2026 Q4
$542.1K
ZIP 32940 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Silver Lake Dr