1503 Cypress Trace Dr, Melbourne, FL 32940
Property image
Property image
OFF MARKET

$587,100

Trulia Estimate
  • 4 Beds
  • 2.5 Baths
  • 2,216 sqft

1503 Cypress Trace Dr, Melbourne, FL 32940

Est. Refi. Payment $3,897/mo*
Refinance Your Home
Currently Off Market - Sold Jun 13, 2008 for $320,000

Home Value

Trulia Estimate
$587K
Since last month
Decreased$3K (-0.4%)
Since last year
Increased$11K (+2%)
Since last sale
Increased$267K (+83.5%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +77% in the last 10 years
MonthEstimated value
2026
August 2026$587K
August 2026$585K
July 2026$590K
June 2026$589K
May 2026$587K
April 2026$588K
March 2026$586K
February 2026$586K
January 2026$570K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1511 Cypress Trace Dr, Melbourne, FL 32940
0.02
$538,900
4
2
2,356
Off Market
1527 Cypress Trace Dr, Melbourne, FL 32940
0.05
$646,700
3
2
2,347
Off Market
1535 Cypress Trace Dr, Melbourne, FL 32940
0.07
$492,600
3
2
2,226
Off Market
1543 Cypress Trace Dr, Melbourne, FL 32940
0.08
$531,100
3
2
2,054
Off Market
1542 Cypress Trace Dr, Melbourne, FL 32940
0.08
$641,300
3
2
2,860
Off Market
1534 Cypress Trace Dr, Melbourne, FL 32940
0.06
$593,700
3
2
2,160
Off Market
1495 Cypress Trace Dr, Melbourne, FL 32940
0.02
$490,800
3
2
2,131
Off Market
1487 Cypress Trace Dr, Melbourne, FL 32940
0.03
$600,700
3
2
2,249
Off Market
1479 Cypress Trace Dr, Melbourne, FL 32940
0.05
$539,500
3
2
2,055
Off Market
1471 Cypress Trace Dr, Melbourne, FL 32940
0.06
$663,200
4
2.5
2,477
Off Market
1463 Cypress Trace Dr, Melbourne, FL 32940
0.08
$637,000
4
3
2,305
Off Market
1455 Cypress Trace Dr, Melbourne, FL 32940
0.09
$638,000
4
3
2,396
Off Market

Local Information

  • Map ViewExplore the area around 1503 Cypress Trace Dr.
  • Schools2 Preschool Schools2 Elementary Schools1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1991
2,216 sqft
$265/sqft
Garage

About this House

BEAUTIFUL POOL HOME ON LAKE WITH DOCKWell Maintained, Open, Spacious Home. Spectacular Water Views. 4 BR, 2 1/2 Bths, Formal Liv and Din, Family Room. Large, Solar Heated Pool with Pop Up Cleaning, Screened. Kitchen with separate eating area, Extra Cabinets, Solid Surface Counters. Lovely Tile Floors. Storm Shutters. Osmosis Water Treatment System. Great Home, Light-Bright-Open.
1503 Cypress Trace Dr, Melbourne, FL 32940 is a 4 bedroom, 3 bathroom, 2,216 sqft single-family home built in 1991. It last sold for $320,000 on Jun 13, 2008. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $587,100, with a rent estimate of $3,650/month.

Home Details for 1503 Cypress Trace Dr

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 6
Fireplace & Spa
Hot Tub or Spa

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Stucco
Pool
Pool
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1991Year Updated: 2023
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9583 sqft

Price and Tax history

DateEventPrice
Jun 13, 2008
Source: N/A
Sold
$320,000
May 24, 2008
Source: Agent Provided
Listed For Sale
$339,900
Nov 5, 1997
Source: N/A
Sold
$213,000
Jul 26, 1993
Source: N/A
Sold
$190,000

Market trends in Melbourne

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$367K
$4.33KMoM
Sale-to-List Price
97.7%
0.2%MoM
Price per sq ft
$222
$1MoM
Available listings
783
4MoM

Around this home

What Locals Say about Melbourne

At least 923 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 88 % Say it's dog friendly

  • 83 % Say parking is easy

  • 74 % Say yards are well-kept

  • 74 % Say there are sidewalks

  • 72 % Say there's holiday spirit

  • 69 % Say it's quiet

  • 65 % Say people would walk alone at night

  • 61 % Say kids play outside

  • 58 % Say streets are well-lit

  • 53 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 49 % Say they plan to stay for at least 5 years

  • 43 % Say it's walkable to grocery stores

  • 40 % Say it's walkable to restaurants

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nansi
    "Don’t go down University Blvd. The fish at public’s will probably be the most fresh you’ll be able to find around here. People generally keep to themselves and only speak to you when spoken to. Not much else. "
    1
    Flag
  • M8w6ftxvph
    "No parks with playgrounds for kids to play; no sidewalks except on the main road; lots of through traffic & noise from airport; not everyone maintains their yard..."
    1
    Flag
  • Sharon L Hardy
    "We have a wonderful clubhouse that schedules all sorts of events, and activities for the families that live here and for the children. they even have a mom’s night at ldad’s night babysitting night, every kind of social club you can think of"
    0
    Flag
  • Jacqueline Malinowska
    "The Eau Gallie section of Melbournes is in the north and used to be a city of its own. It seems to have a different style "
    0
    Flag
  • Toddtreadway
    "Wonderful, family and retiree oriented neighborhood with beautiful homes! Our neighbors are very nice and we always look forward to the monthly/quarterly/annual parties and gatherings!"
    0
    Flag
  • Jacqueline Malinowska
    "Schools are good and some are very good. This is a family friendly city. Many high tech jobs and the nearby Space Center make this area unique "
    0
    Flag
  • Walter_falk_texas
    "Family and retirement friendly with a good mix of working families. Space, technology and services industry. "
    0
    Flag
  • Steven Rodrigo
    "Numerous events held at the local park here in Melbourne Beach. The Pineapple Man Triathlon is the oldest Triathlon in Florida held here. Founders day is also a huge event that happens the first Saturday in May."
    0
    Flag
  • Christine Brown
    "Dog friendly area with several designated walking areas for dogs. All on leashes no loose animals allowed"
    0
    Flag
  • Ywd4sb4dch
    "Wickham park has events all the time. Very family friendly . There are 1-2 events at this park every week. "
    0
    Flag
  • 5x6s6yrvym
    "Various, especially Historical Down Town Melbourne . St. Patrick parade is the best. "
    0
    Flag
  • Steven Rodrigo
    "No high rises allowed. Still a harbor and beach town. The people are extremely friendly and the Island Root kava bar is awesomely!"
    0
    Flag
  • Digglegiggle
    "Almost everyone has dogs. Most owners are respectful and walk their dogs in the neighborhood. It’s been a good community to live in. "
    0
    Flag
  • Alexmorales122078
    "Is great !! Sadly like any other great area the builders have gone greedy and houses are getting stack super close and there is just too many people !"
    9
    Flag
  • Christine Brown
    "We have a lot of things like art shows, parades, craft shows, holiday festivals, ect in downtown Melbourne. Melbourne is really just a place that is an easy paced, not over populated great place to live. "
    5
    Flag
  • Walter_falk_texas
    "Great community with nice neighbors and close to beach and shopping. Safe and well maintained. HOA is fairly priced. "
    2
    Flag
  • James Behan
    "Not sure what community events make our neighborhood different but we live beach side and getting around is easy, shopping within a mile or two "
    2
    Flag
  • Iowafsu
    "Suntree is great. We have lived here for over 20 years and raised our kids here. The schools are great and the area is convenient to shopping and amenities. "
    1
    Flag
  • Ninacgibilaro
    "Seeet and very nice people we love the people that live on our street and n our neighborhood this is the best place to live or stay "
    1
    Flag
  • Iowafsu
    "We raised our kids here (20 years). My neighbor is the 1st owner of their house from the early 1980s. We know 99% of the neighbors in our neighborhood and we all look out for each other."
    4
    Flag
  • Trulia User
    "We walk our dogs 3 to 6 times a day and there’s always someone out walking or riding cars. The houses and yards are very well manicured."
    0
    Flag
  • Melbourne Family
    "Been here 20 years and raised our kids in Suntree…great for all ages. Schools are excellent. Close proximity to the ocean and a short drive to Disney."
    2
    Flag
  • Marilyn Arnold
    "Nothing much to say about Melbourne neighbors except too many renters and too much traffic. Roads are bad"
    0
    Flag
  • Rssllgolf
    "Restaurants, groceries, and medical facilities. Suntree is beautifully landscaped and maintained with great schools, community centers, and parks. Close to many cultural gems. "
    0
    Flag
  • Kyle Renner
    "Technically it’s on Beachside, but the dog beach is a big plus. There are plenty of dog-friendly businesses too that won’t give you issues about bringing your pups."
    2
    Flag
  • Sedamac
    "I live in Suntree, 32940. I believe it is the best part of the county. Beach is a short drive away. Best schools of the County. Walking, fishing, biking, golfing. Super clean and safe neighborhood. People walk and everyone is friendly. No crime here. Elementary school is really awesome. Quiet and 1-2 mile to everything you may need. Doctors, restaurants, contry club, river, etc. You don’t lose power during hurricane here. Lots are bigger so you are not into each other’s face. Green and shade by the trees. Love it here! Best middle and high school is zoned for 32940. "
    15
    Flag
  • Robin H.
    "Living here is a pleasure. The people are kind, the city is clean, and e have easy access to many stores and restaurants. It’s a safe neighborhood!"
    12
    Flag
  • Robin H.
    "It’s a wonderful place to live! We have kind neighbors, helpful and friendly community, lots to do, easy access to stores, parks etc! It’s safe and clean and truly wonderful!"
    8
    Flag
  • Toddtreadway
    "What a great mix of retirees and young folks with kids! Beautiful houses with clay tile roofs and great weather. Very active community groups for all types...retirees, neighborhoods, moms/dads with kids, golfers, surfers. Love this area! And the Brevard Zoo is great."
    0
    Flag
  • Maryannirribarra
    "many people have dogs here and can walk them in our complex or at local parks. I do not own a dog but it seems a good place for them."
    0
    Flag
  • Edgar H.
    "tranquil and peaceful. most of the population are retired and snowbirds. golfing, fishing and surfing are most common activities among this population."
    0
    Flag
  • Trulia User
    "No public transportation, traffic isn’t terrible but there are so many schools in this small area that you don’t want to go anywhere from V 2-5"
    12
    Flag
  • Jose D. G.
    "They would love the abundant of trees and grass around the neighborhood. No heavy traffic in most neighborhoods either "
    0
    Flag
  • Jeband
    "I commute by car 11 miles to work. Public transportation is not easily accessed in this county and define not in my neighborhood. "
    4
    Flag
  • Drew36861
    "The traffic in the area is heavy but it's a very clean and safe community. close to great shopping and dining , many Winton walking distance"
    0
    Flag
  • Chancegulick
    "I have lived in this neighborhood for 10 years and this neighborhood is not very friendly, lots of crime, car jacking, etc. not dog friendly streets. There is also lots of traffic during rush hour recently. The Melbourne neighborhood does not have much uniqueness."
    0
    Flag
  • Decordova63
    "Picking up there own dog poop but great area to walk dog no speeders and safe neighborhood! Highly recommended Melbourne"
    11
    Flag
  • Ste0698ve
    "People are walking their dogs all the time. I see them everyday, but sometimes they are off leash and shouldn’t be."
    3
    Flag
  • Christine_gaul
    "Love the area. Very close to everything . Easy access to highways and the beach. Quite and neighborhood is very well kept"
    1
    Flag
  • Karen P.
    "Very nice and quiet, neighborhood, Street and parking it easy! Nice live in Melbourne! Very good ! "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1503 Cypress Trace Dr

  • What is 1503 Cypress Trace Dr estimated to be worth?
    Trulia's estimated value for 1503 Cypress Trace Dr in Melbourne, FL is $587,100.
  • What is the price history for 1503 Cypress Trace Dr?
    1503 Cypress Trace Dr in Melbourne, FL last sold for $320,000 in June 2008.
  • Is Melbourne a buyer's or seller's market?
    Melbourne is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Melbourne?
    The median sale price in Melbourne is $367K. That is up $4.33K from the prior month.
  • Does 1503 Cypress Trace Dr have a pool?
    Yes, 1503 Cypress Trace Dr in Melbourne, FL has a pool.
  • How big is the lot at 1503 Cypress Trace Dr?
    The lot at 1503 Cypress Trace Dr in Melbourne, FL is about 0.22 acres (9,583 sq ft).

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