332 Nikomas Way, Melbourne Beach, FL, 32951
About This Home
Fully remodeled and move-in ready, this Melbourne Beach home offers a rare combination of flexibility, privacy, and value. Situated along a quiet canal with a preserve backdrop, the property delivers a peaceful coastal setting while still being minutes from beach access. The layout is ideal for modern living, featuring two spacious primary suites and multiple flexible rooms that can be used for guests, office space, or multigenerational living. Compared to other homes on Nikomas Way, this property stands out as one of the best values per square foot while offering more usable space and versatility. Upgrades include granite and quartz countertops, stainless appliances, updated HVAC, new flooring and tile, modern vanities, new septic system, new roof, and hurricane shutters. New in 2025: roof, septic system, HVAC condenser, water heater, stainless steel appliances, flooring, paint, countertops, cabinets, and more.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1995
Materials
- Construction materials: Block,Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Freezer,Ice Maker,Microwave,Plumbed For Ice Maker,Refrigerator
- Laundry features: Electric Dryer Hookup,In Unit,Lower Level,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Features
- Butler Pantry,Ceiling Fan(s),Eat-in Kitchen,Kitchen Island,Open Floorplan,Primary Bathroom - Tub with Shower,Split Bedrooms,Walk-In Closet(s)
- Flooring: Tile,Vinyl
Heating & Cooling
- Heating features: Central,Electric,Hot Water
- Cooling features: Central Air,Electric
Interior Area
- Total interior livable area: 2,160 sqft
Property
Details
- Parcel number: 293826Kd0000e.00012.00
- Zoning description: Residential
- Special condition: Owner Licensed RE
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Deck,Front Porch,Patio,Porch,Rear Porch,Screened
- Exterior features: Balcony,Dock,Storm Shutters
- Fencing: Back Yard,Chain Link,Fenced
- On waterfront: Yes
- Waterfront features: Canal Front
- Waterbody name: Canal Navigational to Indian River
Lot
- Lot size: 10,018 sqft
- Features: Few Trees,Wooded
Parking
- Total spaces: 2
- Parking features: Attached,Garage,Garage Door Opener,Off Street
- 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 | $2,881 | $34,572 |
| Home Insurance * | $884 | $10,608 |
| Property Taxes | $595 | $7,140 |
| Electricity | $217 | $2,608 |
| Total | $4,577 | $54,924 |
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 |
|---|---|---|
| 2026-05-05 | Price change | $569,900 |
| 2026-04-06 | Price change | $589,900 |
| 2026-03-19 | Price change | $599,900 |
| 2026-02-16 | Price change | $629,000 |
| 2026-01-29 | Price change | $649,000 |
| 2026-01-24 | Price change | $669,000 |
| 2025-12-29 | Price change | $674,500 |
| 2025-11-21 | Price change | $694,500 |
| 2025-11-13 | Price change | $694,900 |
| 2025-11-07 | Price change | $699,900 |
| 2025-11-02 | Listed for sale | $719,900 |
| 2025-09-19 | Contingent | $724,900 |
| 2025-09-04 | Price change | $724,900 |
| 2025-09-03 | Price change | $747,900 |
| 2025-08-27 | Price change | $748,900 |
| 2025-08-21 | Price change | $749,900 |
| 2025-08-14 | Price change | $764,000 |
| 2025-08-07 | Price change | $774,000 |
| 2025-07-31 | Price change | $779,000 |
| 2025-07-24 | Price change | $788,900 |
| 2025-07-16 | Price change | $798,900 |
| 2025-06-26 | Price change | $799,900 |
| 2025-06-13 | Listed for sale | $809,990 |
| 2025-02-14 | Sold | $545,000 |
| 2025-02-04 | Contingent | $649,900 |
| 2025-01-11 | Listed for sale | $649,900 |
| 1993-11-01 | Sold | $45,000 |
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