*Motivated Sellers!* Priced to sell! This spacious, nearly 4,000 sq ft custom pool home with 5 bedrooms/4 bathrooms in highly-desired Rio Villa offers incredible flexibility and room for everyone and is located only a few blocks from the beach. Hurricane Impact windows and sliders, newer roof and exterior paint in 2019-2020. New smart refrigerator, new dishwasher, landscaping, and irrigation with artesian well, along with fresh interior paint in 2024-2025. BRAND NEW AC units inside and out. With multiple living areas, soaring ceilings, and sunlit open spaces, there's room to spread out, gather, and grow. The versatile layout includes 4 large downstairs bedrooms (2 en-suite), 3 full baths plus pool bath, and a huge laundry room. Upstairs features a bonus room, private office, and 5th bedroom—ideal for guests, teens, or multigenerational living. Located on a quiet cul-de-sac street near top schools and parks!
For sale
Price cut: $1K (1/21)
$935,000
407 Rio Palma S, Melbourne, FL 32903
5beds
3,868sqft
Est.:
Single Family Residence
Built in 1984
0.31 Acres Lot
$-- Zestimate®
$242/sqft
$43/mo HOA
What's special
Private officeBonus roomFresh interior paintVersatile layoutNew dishwasherSoaring ceilingsNewer roof
- 96 days |
- 1,296 |
- 36 |
Zillow last checked: 8 hours ago
Listing updated: January 25, 2026 at 06:18am
Listed by:
Tiffany Score 407-341-2343,
Denovo Realty
Source: Space Coast AOR,MLS#: 1041391
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
- Laundry: In Unit
Features
- Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Primary Bathroom - Tub with Shower
- Flooring: Carpet, Tile, Vinyl
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,868 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Stories: 2
- Has private pool: Yes
- Pool features: In Ground
- Fencing: Fenced,Privacy
Lot
- Size: 0.31 Acres
- Features: Dead End Street, Sprinklers In Front, Sprinklers In Rear
Details
- Additional parcels included: 2726423
- Parcel number: 2737245500000.00126.00
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Rio Villa Unit IV
HOA
- Has HOA: Yes
- Amenities included: Maintenance Grounds, Management - Off Site
- HOA fee: $43 monthly
- HOA name: Rio Villa unit IV - TCB Prop Mgmt
Location
- Region: Melbourne
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $684,350
- Annual tax amount: $11,205
- Date on market: 10/22/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$5,946/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2026 | Price change | $935,000-0.1%$242/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 12/5/2025 | Price change | $936,000-0.1%$242/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 11/12/2025 | Price change | $937,000-0.1%$242/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 10/31/2025 | Price change | $938,000-0.1%$243/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 10/22/2025 | Listed for sale | $939,000-2.1%$243/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,206 -7.2% | $684,350 -0.2% |
| 2023 | $12,078 +40.8% | $685,600 +27.6% |
| 2022 | $8,580 -1.9% | $537,320 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,985/mo
Principal & interest
$4470
Property taxes
$1145
Other costs
$370
Climate risks
Neighborhood: 32903
Nearby schools
GreatSchools rating
- 10/10Indialantic Elementary SchoolGrades: PK-6Distance: 1.3 mi
- 6/10Herbert C. Hoover Middle SchoolGrades: 7-8Distance: 1.2 mi
- 6/10Melbourne Senior High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Indialantic
- Middle: Hoover
- 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.
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