2405 Madrid Dr, Melbourne, FL, 32940
About This Home
Charming Coastal Mobile Home, with possible Owner Financing at Financed price of $45,000, with $20,000 down payment @ 9% interest rate for 36 months!. Clean, non smoking, bright , and cheerful, cottage type with direct street view to Indian River. RARE AND DESIRABLE, LOCATION , IN MINIMAL FLOOD RISK ZONE. Located in age 45 + Riverview MHP. Convenient to transportation, hospitals, beach, boating, restaurants, Eau Galle Arts District, airports and more! Low lot rent of $822/mo, includes clubhouse, activities, water, trash, recycling ..PET FRIENDLY!.Management approval required.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1989
Materials
- Roof: Metal
Type & Style
- Home type: MobileManufactured
Interior
Appliances
- Appliances included: Dryer,Range / Oven,Refrigerator,Washer
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Laminate,Linoleum / Vinyl
Heating & Cooling
- Heating features: Other,Other
- Cooling features: Other
Interior Area
- Total interior livable area: 500 sqft
Property
Features
- Exterior features: Metal
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
Parking
- Total spaces: 1
- Parking features: Off-street
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
- Tornado
- Inland Flooding
- Strong Wind
- 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 | $192 | $2,304 |
| Home Insurance * | $23 | $276 |
| Property Taxes | $21 | $252 |
| Electricity | $197 | $2,366 |
| Total | $433 | $5,196 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Price change | $35,500 |
| 2026-07-11 | Price change | $38,000 |
| 2026-06-25 | Price change | $43,500 |
| 2026-06-09 | Price change | $35,500 |
| 2026-06-01 | Price change | $38,500 |
| 2026-05-23 | Listed for sale | $42,000 |
| 2026-05-19 | Listing removed | $1,395 |
| 2026-05-08 | Price change | $1,395 |
| 2026-04-18 | Price change | $1,450 |
| 2026-03-29 | Price change | $1,500 |
| 2026-03-15 | Listed for rent | $1,650 |
| 2026-02-10 | Listing removed | $28,500 |
| 2026-02-04 | Price change | $28,500 |
| 2026-01-23 | Price change | $29,900 |
| 2026-01-16 | Price change | $31,900 |
| 2026-01-07 | Listed for sale | $36,900 |
| 2025-03-26 | Listing removed | $17,500 |
| 2025-03-13 | Contingent | $17,500 |
| 2025-02-28 | Price change | $17,500 |
| 2025-01-16 | Price change | $17,750 |
| 2025-01-07 | Price change | $17,900 |
| 2024-12-12 | Price change | $18,500 |
| 2024-11-25 | Listed for sale | $19,900 |
| 2024-11-09 | Listing removed | $19,900 |
| 2024-10-14 | Listed for sale | $21,000 |
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