1502 Tralee Bay Ave, Melbourne, FL, 32940
About This Home
Exceptional lakefront home located in the prestigious gated community of Tralee Bay Estates. Upon entering the home the waterview is breathtaking. This meticulously maintained 3 bedroom, 2.5 bath home offers over 2200 square feet of thoughtfully designed living space blended w/ elegance & comfort. Gourmet chef's kitchen w/ upgraded cabinets, granite, backsplash, Subzero refrigerator, GE monogram gas cooktop, double Wolf wall ovens & huge walk in pantry. Gorgeous brazilian cherrywood floors in main living area. Spacious primary suite serves as a private retreat w/ 2 California closets & luxurious spa style bath w/ soaking tub & multi jet shower system. Step outside to your huge screened lanai w/ solar heated saltwater pool & spa & outdoor kitchen w/ lake views. Peace of mind w/ full house generator, accordion hurricane shutters & hurricane curtain for lanai. HOA includes landscape lawn, shrubs & trees maintenance. AC 2024, garage door 2024, & exterior paint 2025.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2011
Materials
- Roof: Tile
- Construction materials: Concrete
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Double Oven,Gas Cooktop,Microwave,Refrigerator,Tankless Water Heater
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Breakfast Nook,Ceiling Fan(s),Entrance Foyer,His and Hers Closets,Pantry,Primary Bathroom -Tub with Separate Shower,Split Bedrooms,Walk-In Closet(s)
- Flooring: Carpet,Tile,Wood
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 3,254
- Total interior livable area: 2,264 sqft
Property
Details
- Parcel number: 26360228000ii.00006.00
- Zoning description: Residential
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Private pool: Yes
- Pool features: Salt Water,Screen Enclosure,Solar Heat
- Patio & porch: Front Porch,Patio,Porch,Screened
- Exterior features: Outdoor Kitchen,Storm Shutters
- Has spa: Yes
- Spa features: In Ground
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake Front
Lot
- Lot size: 0.26 Acres
- Features: Sprinklers In Front,Sprinklers In Rear
Parking
- Total spaces: 2
- Parking features: Garage,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Inland Flooding
- Strong Wind
- Tornado
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Brevard County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,787 | $45,444 |
| Home Insurance * | $454 | $5,448 |
| Property Taxes | $814 | $9,768 |
| Electricity | $227 | $2,734 |
| Total | $5,282 | $63,384 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Price change | $749,000 |
| 2026-06-09 | Price change | $770,000 |
| 2026-05-14 | Listed for sale | $775,000 |
| 2023-05-31 | Sold | $775,000 |
| 2023-05-30 | Pending sale | $775,000 |
| 2023-04-03 | Contingent | $775,000 |
| 2023-03-30 | Listed for sale | $775,000 |
| 2011-12-29 | Sold | $351,700 |
| 2011-07-01 | Sold | $80,000 |
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