For sale

$325,000

400 Espanola Way, Melbourne, FL 32901

3beds

1,622sqft

Est.:

Single Family Residence

Built in 1957

0.26 Acres Lot

$311,200 Zestimate^®

$200/sqft

$-- HOA

What's special

Prime location and packed with character. This 3-bedroom, 2-bathroom FURNISHED home offers over 1,600 sq. ft. of living space on more than 1/4 acre lot in the heart of Melbourne. The home has been thoughtfully updated whilst showcasing its classic Old Florida charm. Inside, you'll find plenty of space, a cozy main living area with a fireplace and updated kitchen with newer FRIGIDAIRE appliances. Some of the other updates are the plumbing, Roof (2022), AC (2024) and Water Heater (2025). Perfect for a growing family, busy professionals, or investors seeking a strong cash-flow opportunity. With its central location, modern improvements, and 2022 Roof, this versatile property is truly unique. Do not miss out, request a showing today!

97 days

332

18

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Appliances

Included: Electric Range, Microwave, Refrigerator
Laundry: In Carport

Features

Ceiling Fan(s)
Flooring: Carpet, Tile
Number of fireplaces: 1
Furnished: Yes

Interior area

Total structure area: 2,227
Total interior livable area: 1,622 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Carport
Carport spaces: 1

Features

Levels: One
Stories: 1
Patio & porch: Front Porch
Exterior features: Other

Lot

Size: 0.26 Acres
Features: Other

Details

Additional parcels included: 2818470
Parcel number: 2837040200007.00009.00
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Block, Stucco
Roof: Membrane

Condition

Updated/Remodeled
New construction: No
Year built: 1957

Utilities & green energy

Sewer: Private Sewer
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Subdivision: Magnolia Park Plat No 2

HOA

Has HOA: No

Location

Region: Melbourne

Financial & listing details

Price per square foot: $200/sqft
Tax assessed value: $215,230
Annual tax amount: $3,211
Date on market: 9/4/2025
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

$311,200

$296,000 - $327,000

$1,947/mo

Price history

Date	Event	Price
11/27/2025	Price change	$2,400-4%$1/sqft
Source: Space Coast AOR #1060214 Report a problem
10/22/2025	Listed for rent	$2,500+185.7%$2/sqft
Source: Space Coast AOR #1060214 Report a problem
9/4/2025	Listed for sale	$325,000+41.2%$200/sqft
Source: Space Coast AOR #1056218 Report a problem
5/27/2022	Sold	$230,150+15.1%$142/sqft
Source: Space Coast AOR #933917 Report a problem
5/7/2022	Pending sale	$199,999$123/sqft
Source: RE/MAX International #933917 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,607 +12.3%	$215,230 +21.1%
2023	$3,212 +48.3%	$177,670 +36%
2022	$2,166 +7.5%	$130,620 +20.1%

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$2,092/mo

Principal & interest

$1580

Property taxes

$398

Home insurance

$114

Climate risks

Neighborhood: 32901

Nearby schools

GreatSchools rating

3/10
University Park Elementary School
Grades: PK-6Distance: 1.2 mi
2/10
Stone Magnet Middle School
Grades: 7-8Distance: 2 mi
6/10
Melbourne Senior High School
Grades: 9-12Distance: 0.9 mi

Schools provided by the listing agent

Elementary: University Park
Middle: Stone
High: Melbourne

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

Skip to the end of the carousel