240 Hammock Shore Drive # 107, Melbourne Beach FL 32951, MELBOURNE BEACH, FL, 32951
Active104 days on marketListed May 5, 2026MLS #B26024435
About this home
240 Hammock Shore Drive # 107, Melbourne Beach FL 32951
Welcome to the ocean-to-lagoon community of Aquarina. Enjoy the best of indoor/outdoor living in this 2 bed/2 bath condo, with both the spacious living room and primary bedroom featuring sliding doors that open to a screened-in balcony—perfect for soaking in tropical breezes and serene surroundings. This home includes access to resort-style amenities: golf course, tennis courts, fitness center and private beach access to miles of uncrowded shoreline. Just minutes from Sebastian Inlet State Park, enjoy boating, fishing, surfing, and nature exploration. Whether you're seeking a primary residence, seasonal escape, or investment, this condo blends comfort, convenience, and coastal charm.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,280
Sqft
0 ac
Lot size
1986
Year built
2
Levels
$172
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,162 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,162/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Melbourne Beach actives
$172 vs $802
Days on market
104 vs 69 typical
Where $172/sqft sits among the 16 Melbourne Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside South Beaches
Get to know Melbourne Beach. See the full Melbourne Beach guide →
South Beaches — neighborhood snapshot
Population
4,535
Median age
60
Median income
$117,740
Median home value
$572,500
Avg household
2
Households w/ children
188
For the school run
Brevard County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Melbourne Beach market
$972K → $650K
Melbourne Beach median sold, yr/yr
92.4%
Sale-to-list ratio (12 mo)
2 of 16
Melbourne Beach actives have cut their price
Median sold price, Melbourne Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 91% below the MELBOURNE BEACH 32951 median. See the full Melbourne Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 240 Hammock Shore Drive # 107
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’26$650,000
344 NIKOMAS WAY
3 bd · 2 ba · 1,897 sqft · $343/sqft · 205 DOM
Sold · Sep ’25$1,605,000
7655 HIGHWAY A1A
3 bd · 2.5 ba · 2,652 sqft · $605/sqft · 114 DOM
Sold · Sep ’25$1,605,000
Nearby listing
3 bd · 2.5 ba · 2,652 sqft · $605/sqft · 119 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 240 Hammock Shore Drive # 107 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 240 Hammock Shore Drive # 107 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
240 Hammock Shore Drive # 107 FAQs
What would the monthly payment be for 240 Hammock Shore Drive # 107, Melbourne Beach FL 32951?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,162/mo — principal and interest, the actual property-tax bill, the $512/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 240 Hammock Shore Drive # 107, Melbourne Beach FL 32951?+
The association fee works out to $512 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 240 Hammock Shore Drive # 107, Melbourne Beach FL 32951?+
The most recent tax bill on record (2025) was $1,172. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 240 Hammock Shore Drive # 107, Melbourne Beach FL 32951?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Melbourne Beach?+
At $220,000, this home is listed about 91% below the Melbourne Beach median of $2,350,000. The market section on this page shows how the area is trending.
Which schools are assigned to 240 Hammock Shore Drive # 107, Melbourne Beach FL 32951?+
Gemini Elementary School (elementary), Herbert C. Hoover Middle School (middle), Melbourne Senior High School (high) — Brevard County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the MELBOURNE BEACH 32951 market on paper
$220,000 is 91% below the MELBOURNE BEACH 32951 median of $2,424,500, and at $172/sqft it sits under the Melbourne Beach average of $706.
02Garden views
The garden view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $512/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Strong assigned schools
Gemini Elementary School, Herbert C. Hoover Middle School, Melbourne Senior High School — Gemini Elementary School rates 5 of 5. Always verify assignments with the district.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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