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2881 Treasure Cay Ln, Melbourne, FL, 32940

2beds
2baths
1,908sqft
$475,000
$249price/sqft
$3,373/moest. monthly cost
$134,920/yrincome needed

About This Home

Bright & Welcoming ... this 2-bed, 2-bath waterfront home with versatile flex space is ready for its new owners. Located in the highly desirable, gated, resort-style 55+ community of Bridgewater at Viera, this impeccably maintained residence was built in 2018 and offers 1,908 sq ft of thoughtfully designed living space. Enjoy outdoor living at its best on the screened lanai providing expansive water views from every angle. Designed for both comfort and entertaining, the home features an impressive array of upgrades, including tile flooring throughout the living areas. The spacious kitchen boasts a large center island, quartz countertops, and glass tile backsplash. Enjoy the separate dining alcove and the open living room, highlighted by triple glass sliders offering that wonderful water view. The flex space offers the option of den, office, or game room. Bridgewater offers resort style living with premium amenities, diverse activities and social opportunities all in the heart of Viera!

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

10/10
Viera Elementary SchoolGrades PK-60.3 mi
--
Devereux HospitalGrades K-122.1 mi
7/10
Viera High SchoolGrades PK,9-123.1 mi

Construction

Condition

  • Year built: 2018

Materials

  • Roof: Shingle
  • Construction materials: Block,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Electric Range,Electric Water Heater,Microwave,Refrigerator
  • Laundry features: Electric Dryer Hookup,In Unit,Sink,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Breakfast Bar,Breakfast Nook,Kitchen Island,Open Floorplan,Primary Bathroom - Shower No Tub,Split Bedrooms,Vaulted Ceiling(s),Walk-In Closet(s)
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,696
  • Total interior livable area: 1,908 sqft

Property

Details

  • Parcel number: 263621750000f.00003.00
  • Zoning description: Residential
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Rear Porch,Screened
  • Exterior features: Storm Shutters
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake Front

Lot

  • Lot size: 6,534 sqft
  • Features: Other

Parking

  • Total spaces: 2
  • Parking features: Attached,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
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Inland Flooding
Strong Wind
Wildfire
Tsunami

FEMA Declared Disasters in Brevard County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$288$3,456
Property Taxes $487$5,844
Electricity $197$2,366
Total$3,373$40,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,645/yr
40% on housing$101,190/yr
45% on housing$89,946/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$249This listing

vs Other Active Listings

Avg $/sqft

ZIP 32940$228
Brevard County$192

vs Homes Sold Last Month

Median $/sqft

ZIP 32940$263
Brevard County$209

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

DateEventPrice
2026-07-24Price change$475,000
2026-06-05Listed for sale$495,000
2018-04-04Sold$289,600

For Sale by Agent

AgentSusan Burke
BrokerageHart To Hart Real Estate, Inc.

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