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402 Colony St, Melbourne Beach, FL, 32951

5beds
4baths
3,196sqft
$1,425,000
$446price/sqft
$11,459/moest. monthly cost
$458,360/yrincome needed

About This Home

Built in 2019, this Melbourne Beach coastal retreat delivers refined luxury with a relaxed, resort feel. This custom 5BR home features a designer chef's kitchen that anchors an open, light-filled layout, flowing effortlessly to a private backyard oasis with a heated pool and summer kitchen--perfect for entertaining. The main-level primary suite offers a peaceful escape with pool views, while upstairs provides four spacious bedrooms and a flexible loft/second living area. Designed for both connection and privacy. Ideally located near pristine beaches where sea turtles nest and the Indian River Lagoon, known for world-class fishing. Enjoy nearby dining, parks, and convenient access to Orlando and rocket launches. Total living area approx. 4,362 sq ft.

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

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

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 2019

Materials

  • Roof: Metal,Other
  • Construction materials: Block,Concrete,Stucco

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Range,Electric Water Heater,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Washer,Microwave,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Breakfast Nook,Ceiling Fan(s),Eat-in Kitchen,His and Hers Closets,Kitchen Island,Open Floorplan,Pantry,Primary Bathroom - Tub with Shower,Primary Downstairs,Split Bedrooms,Walk-In Closet(s)
  • Flooring: Tile,Wood

Heating & Cooling

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

Interior Area

  • Total structure area: 4,362
  • Total interior livable area: 3,196 sqft

Property

Details

  • Parcel number: 28380677G3
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: Electric Heat,In Ground
  • Patio & porch: Patio,Porch
  • Exterior features: Outdoor Kitchen,Impact Windows
  • Has spa: Yes
  • Spa features: In Ground
  • Fencing: Fenced,Vinyl
  • Has view: Yes
  • View description: Pool

Lot

  • Lot size: 0.29 Acres
  • Features: Sprinklers In Front,Sprinklers In Rear
  • Lot size dimensions: 100 x 100

Parking

  • Total spaces: 3
  • Parking features: Attached,Garage,RV Access/Parking,Other
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Strong Wind
Tornado
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 $7,205$86,460
Home Insurance *$2,212$26,544
Property Taxes $1,721$20,652
Electricity $321$3,859
Total$11,459$137,508
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$392,880/yr
40% on housing$343,770/yr
45% on housing$305,573/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

$446This listing

vs Other Active Listings

Avg $/sqft

ZIP 32951$437
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
2026-05-05Listed for sale$1,425,000
2019-11-22Sold$820,000
2019-09-20Listed for sale$849,000
2017-11-02Sold$255,000

For Sale by Agent

AgentGibbs Baum Greg Zim
BrokerageOne Sotheby's International

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