See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

385 Strand Dr, Melbourne Beach, FL, 32951

8beds
8baths
4,494sqft
$1,300,000
$289price/sqft
$10,587/moest. monthly cost
$423,480/yrincome needed

About This Home

Luxury resort-style investment home in Melbourne Beach, FL designed for personal enjoyment & short-term rental income, w/no minimum or maximum stay requirements for owners or renters. Fully furnished 8BR/7.5BA, 2-story villa offers strong rental potential, w/professional management available for hands-off income when not in personal use. Spacious layout accommodates families & groups, w/all bedrooms upstairs for quiet retreats separate from the main living areas below. Downstairs living space opens to a private pool & lanai for relaxed outdoor enjoyment. A defining feature of these villas is their curated, themed design. Each one includes a unique home theme plus a kid-friendly themed bedroom. Prefer a different home or bedroom theme? Simply ask--another 8 bedroom villa may be available that fits your vision. Private beach access is a short walk away, plus resort-style amenities such as a spa & boat slips. Schedule your private showing to explore this exceptional opportunity today.

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

10/10
Gemini Elementary SchoolGrades PK-61.4 mi
6/10

Construction

Condition

  • Year built: 2022

Materials

  • Roof: Metal
  • Construction materials: Block,Brick Veneer,Frame,Stucco,Composition Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Oven,Electric Water Heater,Ice Maker,Microwave,Refrigerator,Washer
  • Laundry features: In Unit,Lower Level

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8
  • Full bathrooms: 7
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Ceiling Fan(s),Jack and Jill Bath,Open Floorplan,Primary Bathroom - Shower No Tub,Primary Downstairs,Split Bedrooms,Walk-In Closet(s)
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric,Multi Units,Split System

Interior Area

  • Total structure area: 4,683
  • Total interior livable area: 4,494 sqft

Property

Details

  • Parcel number: 283820Xl0000b.00016.00
  • Special condition: Corporate Owned,Standard

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: Electric Heat,Fenced,Heated,In Ground
  • Patio & porch: Covered,Rear Porch
  • Exterior features: Boat Slip,Dock,Impact Windows
  • Has spa: Yes
  • Spa features: Community,Heated,In Ground
  • Fencing: Back Yard,Wrought Iron
  • Has view: Yes
  • View description: Pool,Trees/Woods

Lot

  • Lot size: 6,534 sqft
  • Features: Few Trees,Sprinklers In Front,Sprinklers In Rear

Parking

  • Parking features: Additional Parking,Garage,Garage Door Opener,Gated

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
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
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 $6,573$78,876
Home Insurance *$2,018$24,216
Property Taxes $1,544$18,528
Electricity $452$5,427
Total$10,587$127,044
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$362,982/yr
40% on housing$317,610/yr
45% on housing$282,320/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

$289This listing

vs Other Active Listings

Avg $/sqft

ZIP 32951$441
Brevard County$192

vs Homes Sold Last Month

Median $/sqft

ZIP 32951$332
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
2026-06-05Listed for sale$1,300,000
2022-06-27Sold$1,110,100

For Sale by Agent

AgentDavid Cable
BrokerageRE/MAX Elite

Similar Homes