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3161 Galeras Dr, Melbourne, FL, 32940

3beds
2baths
1,481sqft
$421,000
$284price/sqft
$2,818/moest. monthly cost
$112,720/yrincome needed

About This Home

The Iris offers a smart 3-bedroom, 2-bath layout with open living spaces designed for everyday comfort. The kitchen overlooks the great room and lanai, creating seamless indoor-outdoor flow. The private primary suite includes a walk-in closet and well-designed bath. Two additional bedrooms and a patio extension complete this inviting and functional home.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

10/10
Viera Elementary SchoolGrades PK-62.0 mi
--
Devereux HospitalGrades K-123.4 mi
7/10
Viera High SchoolGrades PK,9-124.8 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Construction materials: Block,Stucco

Other

  • Builder name: Viera Builders

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Convection Oven,Dishwasher,Gas Range
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Entrance Foyer,Primary Bathroom - Shower No Tub,Walk-In Closet(s)
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,481 sqft

Property

Details

  • Parcel number: 263633Yq0000o.00011.00
  • Special condition: Standard

Features

  • Stories: 1

Lot

  • Lot size: 3,920 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 $2,128$25,536
Home Insurance *$255$3,060
Property Taxes $238$2,856
Electricity $197$2,366
Total$2,818$33,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,617/yr
40% on housing$84,540/yr
45% on housing$75,146/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

$284This 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
2026-04-24Price change$431,080
2026-03-02Price change$430,800
2026-01-05Price change$450,800
2025-12-03Price change$448,800
2025-10-16Listed for sale$447,200

New Construction Spec

AgentC Scott Miller Jr
BrokerageViera Builders Realty, Inc.

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