327 Island Dr, Melbourne Beach, FL, 32951
About This Home
Experience the ultimate Florida waterfront lifestyle in this extensively renovated direct Intracoastal riverfront pool home located in Melbourne Beach's desirable ocean-to-river community of Riverside Landing. One of only 5 shoreline homes, this move-in ready residence offers 3,131 sq. ft. w/ 3 main-floor bedrooms, a bonus suite w/ full bath & efficiency kitchen, 4 full & 2 half baths, soaring ceilings & spectacular sunset views. The open floor plan features a chef's kitchen w/ granite countertops, oversized island, Viking cooktop, double ovens, wine cooler, walk-in pantry & breakfast nook overlooking the river. The primary suite includes 2 walk-in closets, lanai access & a spa-like bath w/ Italian marble, soaking tub & walk-in shower. Enjoy a heated screened pool, brick paver lanai, outdoor shower, cabana bath & brand-new rooftop crow's nest. Recent improvements include a newer tile roof, HVAC, wood-look tile flooring, boulder seawall & complete hurricane protection w/ impact windows, accordion shutters & remote-controlled Kevlar screens. Residents enjoy private deeded beach access, a community fishing pier, kayak/canoe storage & a low $1,000 annual HOA. A rare opportunity to own a fully updated waterfront home offering both riverfront serenity & private beach access.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1994
Materials
- Roof: Tile
- Construction materials: Block,Concrete,Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Double Oven,Dryer,Electric Cooktop,Electric Oven,Electric Water Heater,Microwave,Refrigerator,Washer,Wine Cooler
- Laundry features: Lower Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Features
- Breakfast Bar,Breakfast Nook,Ceiling Fan(s),Entrance Foyer,Guest Suite,His and Hers Closets,Kitchen Island,Open Floorplan,Pantry,Primary Bathroom -Tub with Separate Shower,Primary Downstairs,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 interior livable area: 3,131 sqft
Property
Details
- Parcel number: 2938035300000.00035.00
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: Heated,In Ground,Screen Enclosure
- Patio & porch: Covered,Front Porch,Porch,Rear Porch,Screened
- Exterior features: Outdoor Shower,Other,Impact Windows,Storm Shutters
- Has view: Yes
- View description: Pool,River,Water,Intracoastal
- Has water view: Yes
- Water view: River,Water,Intracoastal
- On waterfront: Yes
- Waterfront features: Navigable Water,Ocean Access,River Access,River Front,Deeded Beach Access,Intracoastal,No Fixed Bridges
- Waterbody name: Indian River
Lot
- Lot size: 0.44 Acres
- Features: Sprinklers In Front,Sprinklers In Rear
Parking
- Total spaces: 2
- Parking features: 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
- Coastal Flooding
- Lightning
- Inland Flooding
- Tornado
- 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 | $9,860 | $118,320 |
| Home Insurance * | $3,027 | $36,324 |
| Property Taxes | $2,047 | $24,564 |
| Electricity | $315 | $3,781 |
| Total | $15,249 | $182,988 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $1,950,000 |
| 2016-06-07 | Sold | $904,000 |
| 2016-05-20 | Pending sale | $984,500 |
| 2016-05-13 | Price change | $984,500 |
| 2016-05-04 | Price change | $984,700 |
| 2016-04-02 | Listed for sale | $985,000 |
| 2015-09-30 | Sold | $600,000 |
| 2015-07-18 | Pending sale | $799,900 |
| 2015-05-23 | Price change | $799,900 |
| 2014-05-14 | Price change | $949,900 |
| 2014-03-25 | Price change | $999,999 |
| 2014-02-19 | Price change | $1,001,000 |
| 2013-10-06 | Listed for sale | $1,079,000 |
| 2013-08-19 | Listing removed | $1,079,000 |
| 2013-07-26 | Price change | $1,079,000 |
| 2013-02-20 | Listed for sale | $1,159,000 |
| 1993-11-09 | Sold | $149,000 |
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