327 Island Drive Melbourne Beach, FL $ 1,950,000
327 Island Drive
$ 1,950,000
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327 Island Drive

Melbourne Beach, FL, 32951
$ 1,950,000
Bedrooms3 Baths4.2 Sq 3,131

Monthly Estimate*

$ 12,313

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Single Family Home for sale in Melbourne Beach, FL

for $1,950,000 with 3 bedrooms and 4 full baths, 2 half baths. This 3,131 square foot home was built in 1994 on a lot size of 0.44.

Experience the ultimate Florida waterfront lifestyle in this extensively renovated direct Intracoastal riverfront pool home located in Melbourne Beach's desirable ocean-to-river community of Riverside Landing. One of only 5 shoreline homes, this move-in ready residence offers 3,131 sq. ft. w/ 3 main-floor bedrooms, a bonus suite w/ full bath & efficiency kitchen, 4 full & 2 half baths, soaring ceilings & spectacular sunset views. The open floor plan features a chef's kitchen w/ granite countertops, oversized island, Viking cooktop, double ovens, wine cooler, walk-in pantry & breakfast nook overlooking the river. The primary suite includes 2 walk-in closets, lanai access & a spa-like bath w/ Italian marble, soaking tub & walk-in shower. Enjoy a heated screened pool, brick paver lanai, outdoor shower, cabana bath & brand-new rooftop crow's nest. Recent improvements include a newer tile roof, HVAC, wood-look tile flooring, boulder seawall & complete hurricane protection w/ impact windows, accordion shutters & remote-controlled Kevlar screens. Residents enjoy private deeded beach access, a community fishing pier, kayak/canoe storage & a low $1,000 annual HOA. A rare opportunity to own a fully updated waterfront home offering both riverfront serenity & private beach access.

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Single Family Active

Price

$ 1,950,000

Bedrooms

3

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 10,812

Style

Single Family Residence

Lot Size

0.44

Year Built

1994

Town/City

Melbourne Beach

County/Region

Brevard

MLS | Web ID

1083082

Features
General
Living Area 3131
Sewer Septic Tank
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Connected Electricity Connected Water Connected
Possession Close Of Escrow
Roof Tile
Appliances Dishwasher Disposal Double Oven Dryer Electric Cooktop Electric Oven Electric Water Heater Microwave Refrigerator Washer Wine Cooler
HOA Fee 1000
Garage Spaces 2
Association Fee Includes Other
Patio/Porch Features Covered Front Porch Porch Rear Porch Screened
Pool Features Heated In Ground Screen Enclosure
Security Features Security System Owned Smoke Detector(s)
Construction Materials Block Concrete Stucco
Pets Allowed Number Limit Yes
Year Built 1994
View Pool River Water Intracoastal
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Current Use Residential Single Family
Waterfront Features Navigable Water Ocean Access River Access River Front Deeded Beach Access Intracoastal No Fixed Bridges
Additional Parcels Description 2959588
Assoc Fee Paid Per Annually
County Brevard
New Construction false
Property Type Residential
Association Amenities Beach Access Boat Dock Management - Full Time Management - Off Site Other
HOA true
Attached Garage false
Subdivision Name Riverside Landing of S Brevard
Facing Direction East
Garage Y/N true
Total Rooms 0
Full Baths 4
Status Active
Directions From A1A Turn West onto Ivory Dr Turn Right on Island Dr Home is straight ahead.
High School Melbourne
City Melbourne Beach
Body of Water Indian River
Association Name Riverside Landing
Senior Community Y/N false
MLS Area 385 - South Beaches
Lot Size Units Acres
Lot Size Square Feet 19166
Carport Y/N false
Elementary School Gemini
Tax Annual Amount 10812
Middle/Junior High School Hoover
Property Condition Updated/Remodeled
MLS Area Minor 385 - South Beaches
Virtual Tour https://www.virtualtourcafe.com/mls/10009085
Standard Status Active
Legal Description RIVERSIDE LANDING OF SOUTH BREVARD LOT 35
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Interior
Interior Amenities Breakfast Bar Breakfast Nook Ceiling Fan(s) Entrance Foyer Guest Suite His and Hers Closets Kitchen Island Open Floorplan Pantry Primary Bathroom -Tub with Separate Shower Primary Downstairs Split Bedrooms Vaulted Ceiling(s) Walk-In Closet(s)
Flooring Carpet Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Half Baths 2
Laundry Features Lower Level
Total Bedrooms 3
Total Baths 6
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Exterior
Exterior Amenities Outdoor Shower Other Impact Windows Storm Shutters
Parking Features Garage Garage Door Opener
Lot Features Sprinklers In Front Sprinklers In Rear
Water Source Public
Lot Size Area 0.44
Lot Size Acres 0.44
Road Surface Type Asphalt
Waterfront Y/N true
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* Excluded Features
List By
Compass Florida Llc

Broker

carolyn@coastalestateteam.com

Email

Affordability Calculator

$13,214
Per Month
93%
7%
0%
Monthly Principal & Interest
$12,313
Monthly Property Taxes
$901
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1363012 Elementary School
4810970 Middle School
Melbourne High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$1,950,000 Listed Price

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327 Island Drive, Melbourne Beach, FL, 32951 is a Single Family Home for sale at $1,950,000 with 3,131 sqft and a lot size of 0.44. 327 Island Drive has 3 bedrooms, 4.2 baths, and was built in 1994. The property's zip code is 32951 which is in Melbourne Beach, FL