497 Willis Way
Melbourne, FL 32940
3 bd 2 ba 1,698 sqft Built 1998 Lot 5,227 sqft single_family
Most recent sale
$400,000
Apr 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 21, 2022 | Sold | $400,000 | MLS #927498 |
| Feb 20, 2022 | Listed | $389,000 | MLS #927498 |
| Aug 20, 2018 | Sold | $272,000 | MLS #814641 |
| May 25, 2018 | Listed | $279,900 | MLS #814641 |
| Aug 3, 2015 | Sold | $222,000 | MLS #727117 |
| Jun 6, 2015 | Listed | $224,900 | MLS #727117 |
| May 23, 2003 | Sold | $181,000 | Public Record |
| Feb 6, 1998 | Sold | $22,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $230,410 | $88,000 | $318,410 | $4,540 |
| 2024 | $230,410 | $88,000 | $318,410 | $4,553 |
| 2023 | $215,690 | $99,000 | $314,690 | $4,405 |
| 2022 | — | — | $221,760 | $2,638 |
| 2021 | — | — | $215,310 | $2,734 |
| 2020 | — | — | $212,340 | $2,690 |
| 2019 | — | — | $207,840 | $2,642 |
| 2018 | — | — | $153,460 | $1,741 |
| 2017 | — | — | $150,310 | $1,740 |
| 2016 | — | — | $147,220 | $1,754 |
| 2015 | — | — | $122,430 | $1,726 |
| 2014 | — | — | $121,460 | $1,734 |
| 2013 | — | — | $119,670 | $1,741 |
| 2012 | — | — | $122,210 | $1,473 |
| 2011 | — | — | $121,600 | $1,464 |
| 2010 | — | — | $144,020 | $1,714 |
| 2009 | — | — | $149,850 | $1,714 |
| 2008 | — | — | $208,000 | $3,177 |
| 2007 | — | — | $222,000 | $3,359 |
Property facts
Year built
1998
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,698 sqft
Lot size
5,227 sqft
ZIP code
32940
City
Melbourne
Street
Willis Way
Coordinates
28.23612, -80.70080
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,141
Gross rental yield
9.42%
Implied cap rate
6.12%
Trend-extrapolated value
—
Frequently asked questions
When did 497 Willis Way last sell?
497 Willis Way most recently sold on Apr 21, 2022 for $400,000.
What is the current tax assessment for 497 Willis Way?
The most recent total assessment for 497 Willis Way (year 2025) is $318,410 with $4,540 in property tax.
How does 497 Willis Way's assessment compare to its last sale price?
The current assessment is 20.4% below the last sale price of $400,000.
When was 497 Willis Way built?
497 Willis Way was built in 1998.
How does 497 Willis Way compare to others on Willis Way?
We track 3 other properties on Willis Way. Browse the list under "Other properties on Willis Way" to compare beds, baths, and sale history.
What are the property facts for 497 Willis Way?
497 Willis Way is a 3 bed, 2 bath, 1,698 sqft, 5,227 sqft lot single_family.
Is 497 Willis Way a flip candidate?
No — 497 Willis Way does not appear in our flips dataset.
Is 497 Willis Way a tax-appeal candidate?
No — 497 Willis Way 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 Willis Way