405 Strand Drive, Melbourne Beach FL 32951, MELBOURNE BEACH, FL, 32951
Active167 days on marketListed Feb 26, 2026MLS #R11167452
About this home
405 Strand Drive, Melbourne Beach FL 32951
Experience coastal living in this exceptional Ocean-to-River enclave where luxury meets lifestyle. Just steps from the sand, this contemporary 2022-built home offers 6 bedrooms, 5.5 baths, and a 2-car garage, focused around a private pool designed for relaxation and entertaining. Currently operating as a fully furnished vacation rental, it presents a rare turnkey income opportunity while easily converting into a move-in-ready personal retreat. The well-designed layout features a flexible den/office, spacious loft, and generous rear lanai for seamless indoor-outdoor living. A metal roof and impact windows add efficiency and peace of mind. Located in the gated Harbor Beach Island Club in Melbourne Beach, residents enjoy private beach access, clubhouse, fitness center, resort-style pool and marina dock options. More than a home--it's a coastal lifestyle opportunity.
Facts & features
The home at a glance
6
Bedrooms
5.5
Bathrooms
3,682
Sqft
0.15 ac
Lot size
2
Garage
2022
Year built
2
Levels
$339
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.
$8,591 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$8,591/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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
$339 vs $771
Days on market
167 vs 57 typical
Where $339/sqft sits among the 17 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.
The investor lens
Two ways this home pays
This home sits inside Island Club, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental
Zoned & eligible
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,400/mo median
Live Melbourne Beach rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside South Reach
Island Club is a short-term-rental community. See the full guide →
South Reach — neighborhood snapshot
Population
16,424
Median age
56
Median income
$84,378
Median home value
$501,969
Avg household
2
Households w/ children
1,259
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 → $760K
Melbourne Beach median sold, yr/yr
92.4%
Sale-to-list ratio (12 mo)
3 of 17
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 47% 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 405 Strand Drive
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$760,000
225 STRAND DRIVE UNIT 305 · same community
3 bd · 3 ba · 1,917 sqft · $396/sqft · 135 DOM
Sold · Mar ’26$865,800
225 STRAND DRIVE UNIT 406 · same community
3 bd · 3 ba · 1,917 sqft · $452/sqft · 179 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 405 Strand Drive — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 405 Strand Drive — 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
405 Strand Drive FAQs
What would the monthly payment be for 405 Strand Drive, Melbourne Beach FL 32951?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,591/mo — principal and interest, the actual property-tax bill, the $285/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 405 Strand Drive, Melbourne Beach FL 32951?+
The association fee works out to $285 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 405 Strand Drive, Melbourne Beach FL 32951?+
The most recent tax bill on record (2025) was $11,184. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 405 Strand Drive, Melbourne Beach FL 32951 be rented short-term?+
Yes — this home sits inside Island Club, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
Are pets allowed at 405 Strand Drive, 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 $1,250,000, this home is listed about 44% below the Melbourne Beach median of $2,225,000. The market section on this page shows how the area is trending.
Which schools are assigned to 405 Strand Drive, 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
Five things that matter here
01Under the MELBOURNE BEACH 32951 market on paper
$1,250,000 is 47% below the MELBOURNE BEACH 32951 median of $2,350,000, and at $339/sqft it sits under the Melbourne Beach average of $690.
02Zoned for nightly rentals
Island Club is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
04Time on market is leverage
167 days on market against a Melbourne Beach median of 57 — sellers in this position are usually ready to negotiate.
05Strong 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.
Keep looking
Similar homes nearby
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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