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8432 Paragrass Ave, Melbourne, FL, 32940

5beds
6baths
3,505sqft
$859,999
$245price/sqft
$5,709/moest. monthly cost
$228,360/yrincome needed

About This Home

Welcome to the Baldwin model with bonus room, offering 5 bedrooms, 5 full baths, 1 half bath, and a versatile floor plan designed for modern living. The first floor features a luxurious primary suite, a secondary bedroom with en-suite bath, a dedicated office/flex room, and spacious open-concept living areas anchored by a gourmet kitchen. Upstairs, you'll find a large bonus room, an additional living space, and three more bedrooms, including two with private en-suite bathrooms. Tile flooring throughout and a fenced backyard add to the home's appeal. Conveniently located near top-rated schools, shopping, dining, and parks, this like-new home offers the perfect blend of space, comfort, and style.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

10/10
Viera Elementary SchoolGrades PK-60.4 mi
--
Devereux HospitalGrades K-122.2 mi
7/10
Viera High SchoolGrades PK,9-122.8 mi

Construction

Condition

  • Year built: 2023

Materials

  • Roof: Shingle
  • Construction materials: Block,Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Gas Range,Microwave,Refrigerator,Washer
  • Laundry features: In Unit,Lower Level

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Built-in Features,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Guest Suite,In-Law Floorplan,Kitchen Island,Open Floorplan,Pantry,Primary Bathroom -Tub with Separate Shower,Primary Downstairs,Smart Thermostat,Split Bedrooms,Walk-In Closet(s)
  • Flooring: Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,190
  • Total interior livable area: 3,505 sqft

Property

Details

  • Parcel number: 263620Ya000qq.00012.00
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch
  • Exterior features: Impact Windows,Storm Shutters
  • Fencing: Back Yard,Fenced,Full,Wrought Iron

Lot

  • Lot size: 9,583 sqft
  • Features: Other

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • 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 $4,348$52,176
Home Insurance *$522$6,264
Property Taxes $487$5,844
Electricity $352$4,232
Total$5,709$68,508
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$195,737/yr
40% on housing$171,270/yr
45% on housing$152,240/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

$245This 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
2026-07-17Price change$859,999
2026-06-18Pending sale$874,999
2026-06-11Listed for sale$874,999

For Sale by Agent

AgentSarah Rutherford
BrokerageReal Estate Direct of Florida

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