For sale

$729,900

5337 Solway Dr, Melbourne Beach, FL 32951

4beds

2,150sqft

$5,071/mo

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Single Family Residence

Built in 2004

0.29 Acres Lot

$688,200 Zestimate^®

$339/sqft

$429/mo HOA

What's special

Private dock and canalLarge lanaiSplit-bedroom designGranite countertopsWaterfront homeInviting open floor planGenerous pantry

Exceptional waterfront home nestled between the ocean and river within a pristine gated community. This spacious, well-maintained home offers both elegance and comfort. Step through the grand double front doors into an inviting open floor plan highlighted by soaring 12-foot ceilings. The split-bedroom design features 4 bedrooms/2 baths. Beautiful kitchen features granite countertops, SS appliances, a generous pantry, and a large window overlooking the canal / dock. Thoughtful upgrades include plantation shutters, newer washer and dryer, hurricane-strength windows and sliders, and a backup generator. Expansive triple sliders open to the large lanai leading to private dock and canal. Unwind while watching manatees and dolphins pass by. Oversized garage provides built-in storage/workspace. Community offers heated pool, tennis, & lush landscaping. NEW ROOF underway, AC 2024. Community pool, cabana & lush landscaping. Exceptional home surrounded by water. Come live in paradise!

1 day

314

14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry: In Unit

Features

Butler Pantry, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
Flooring: Carpet, Tile
Has fireplace: No

Interior area

Total interior livable area: 2,150 sqft

Property

Parking

Total spaces: 2
Parking features: Garage, Garage Door Opener
Garage spaces: 2

Accessibility

Accessibility features: Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Accessible Washer/Dryer, Grip-Accessible Features

Features

Levels: One
Stories: 1
Patio & porch: Covered, Patio, Rear Porch, Screened
Exterior features: Boat Slip, Dock, Boat Ramp - Private, Impact Windows, Storm Shutters
Has view: Yes
View description: Canal
Has water view: Yes
Water view: Canal

Lot

Size: 0.29 Acres
Features: Dead End Street, Sprinklers In Front, Sprinklers In Rear

Details

Additional parcels included: 2961984
Parcel number: 293810840000i.00028.00
Zoning description: Residential
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Stucco
Roof: Tile

Condition

New construction: No
Year built: 2004

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Security: Fire Alarm, Key Card Entry, Security Gate
Subdivision: Indian Landing Phase II

HOA

Has HOA: Yes
Amenities included: Beach Access, Boat Dock, Boat Launch, Boat Slip, Clubhouse, Gated, Management - Off Site, Pool, Tennis Court(s)
Services included: Insurance, Pest Control
HOA fee: $429 monthly
HOA name: Indian Landing Homeowners Association

Location

Region: Melbourne Beach

Financial & listing details

Price per square foot: $339/sqft
Tax assessed value: $631,670
Annual tax amount: $4,536
Date on market: 8/13/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Asphalt

Estimated market value

$688,200

$654,000 - $723,000

$3,263/mo

Price history

Date	Event	Price
8/13/2026	Listed for sale	$729,900$339/sqft
Source: Space Coast AOR #1084950 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,536 +6.8%	$353,000 +2.9%
2024	$4,248 +1.6%	$343,060 +3%
2023	$4,181 +12.1%	$333,070 +3%
2022	$3,729 -4.1%	$323,370 +3%
2021	$3,887 +1.2%	$313,960 +1.4%
2020	$3,840 +1.2%	$309,630 +2.3%
2019	$3,794	$302,670 +1.9%
2018	$3,794 -0.3%	$297,030 +2.1%
2017	$3,805 -1.1%	$290,930 +2.1%
2016	$3,849 -1.8%	$284,950 +0.7%
2015	$3,920 -3.9%	$282,970 +0.8%
2014	$4,080	$280,730 -9.8%
2013	--	$311,290 +14.5%
2012	$4,108 -4.2%	$271,970 -3.6%
2011	$4,289 -12.4%	$282,000 -17%
2010	$4,894 -1.5%	$339,710 -6.1%
2009	$4,967 -19.8%	$361,880 -17.9%
2008	$6,190 -2.6%	$441,000 -0.5%
2007	$6,357 -10.8%	$443,000 +4.6%
2005	$7,126 +244.9%	$423,580 +285.1%
2004	$2,066 +5.1%	$110,000 +10%
2003	$1,966	$100,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 32951

Getting around

0 / 100

Car-Dependent

30 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

10/10
Gemini Elementary School
Grades: PK-6Distance: 6 mi
7/10
Herbert C. Hoover Middle School
Grades: 7-8Distance: 9.5 mi
6/10
Melbourne Senior High School
Grades: 9-12Distance: 10.3 mi

Schools provided by the listing agent

Elementary: Gemini
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.