tomo logo

$785,000

Beds
3
Baths
2.0
sq ft
1,898

1208 River Dr Unit 401, Melbourne, FL 32901

1208 River Dr Unit 401

Melbourne, FL 32901

  • 3 days on market
Welcome to Captain's Cove, an exclusive gated waterfront community. This rarely available, recently remodeled 3-bedroom home offers stunning views of the marina and picturesque causeway. The open floor plan is bathed in natural light, with breathtaking water views throughout. A blend of bamboo flooring and tile, paired with a freshly painted interior, creates a warm, elegant atmosphere. The spacious primary suite with an ensuite offers versatility, perfect for a sitting area or home office. The well-appointed kitchen features ample granite countertop space for meal prep, entertaining, or simply enjoying the view. Additional highlights include breakfast bar seating, a unique bar sink, a cozy fireplace in the living area, and porthole windows adding to the nautical charm. Enjoy tranquil waters, vibrant maritime surroundings, and frequent visits from manatees and dolphins. This home also includes 2 DEEDED BOAT SLIPS, an oversized one-car garage, 1 extra parking, and a private storage.

Details

Property type

Condominium

Est. home value

$677,160

Lot size

3,485 sq ft

Price per sq ft

$414

Year built

1984

Annual property taxes

$9,711.49

Monthly HOA fee

$750

Price History

03/25/2025
BrevardMLS

BrevardMLS #1041182

Listed
$785,000
+8.28%
06/03/2022
BrevardMLS

BrevardMLS #934559

Sold
$725,000
+51.83%
05/27/2020
BrevardMLS

BrevardMLS #874685

Sold
$477,500
+51.59%

Schools & Community

Elementary school: 

University Park

Middle school: 

Stone

High school: 

Melbourne

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$477,730
Asking price
$785,000
Closing costs (~8% of asking)
-$62,800
Est. remaining loan balance
-$244,470
Cash to seller
$477,730

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

National Bank Of Kansas City

Loan start date

November 2017

Original loan amount

$287,250

Est. remaining balance

$244,470

Interest rate

3.91%

Loan type

New Conventional, 30 year

Seller

John Sale Bibb Iii and Barry W Vial

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/29/2025 at 7:00 AM

Listing updated: 03/26/2025 at 2:21 PM

Listed by: Mark Wayne Withers, RE/MAX Aerospace Realty Phone #: (321) 631-5511

MLS: BrevardMLS #1041182

BrevardMLS logo

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