2405 Madrid Dr, Melbourne, FL 32940
Property image
Property image
FOR SALE
FOR SALE BY OWNER

$27,900

Original price: $29,900
  • 1 Bed
  • 1 Bath
  • 500 sqft

2405 Madrid Dr, Melbourne, FL 32940

Est. Mortgage $1,078/mo*
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Home Highlights

Mobile/Manufactured
Built in 1989
$56/sqft
HOA $822/mo

Local Information

  • Map ViewExplore the area around 2405 Madrid Dr.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Charming Coastal Mobile Home, Clean, non smoking, bright , and cheerful, cottage type with direct street view to Indian River. Newer Vinyl Plank flooring, Newer appliances, Newer screened in Deck. New shed. Freshly painted interior..and more. RARE AND DESIRABLE, LOCATION , IN MINIMAL FLOOD RISK ZONE. Located in age 45 + Riverview MHP. Convenient to transportation, hospitals, beach, boating, restaurants, Eau Galle Arts District, airports and more! Low lot rent of $822/mo, includes clubhouse, activities, water, trash, recycling ..PET FRIENDLY!.Management approval required.

Home Details for 2405 Madrid Dr

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: Metal
Parking & Garage
Parking Space: 1Parking: Off Street

Days on Market

Days on Market: 119 days on Trulia

Property Information

Year Built
Year Built: 1989Year Updated: 2025
Property Type / Style
Property Type: Mobile ManufacturedArchitecture: Bungalow

Interior Features

Appliances & Utilities
Refrigerator
Levels, Entrance, & Accessibility
Floors: Laminate, Linoleum Vinyl
Interior Details
Ceiling Fan

Price & Status

Price
Price Per Sqft: $56

HOA

HOA Fee: $822/Monthly

Additional Information

Fifty Five Plus Active Community

Around this home

What Locals Say about Palm Shores

At least 2 Trulia users voted on each feature.

  • 100 % Say there are sidewalks

  • 100 % Say car is needed

  • 100 % Say they plan to stay for at least 5 years

  • 100 % Say there's holiday spirit

  • 100 % Say it's dog friendly

  • 100 % Say it's quiet

  • 100 % Say streets are well-lit

  • 75 % Say neighbors are friendly

  • 75 % Say yards are well-kept

  • 75 % Say kids play outside

  • 71 % Say people would walk alone at night

  • 67 % Say it's walkable to restaurants

  • 67 % Say parking is easy

  • 60 % Say there's wildlife

  • 50 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Laura Lederer
    "I drive everywhere, you have to have a car to get anywhere. I’ve lived here four years and I don’t recall ever seeing a bus. "
    0
    Flag
  • Unspecified
    "Really close to everything beaches shopping, River. but feels like your out of the traffic areas. Great area Park and close to College."
    0
    Flag
  • Unspecified
    "Close it's close to everything the very quiet in feel like I live by yourself pretty much the lots are big for neighbors are friendly and there's not a lot of noise from the road or anything that really disturbed you"
    1
    Flag
  • Unspecified
    "private ,friendly, clean,no traffic great neighbors ,quiet, nice yard, shops nearby, restaurants within walking distance, a cross the street from river "
    3
    Flag

Market trends in Palm Shores

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
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Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5430 Inga Way, Melbourne, FL
0.03
Mobile / Manufactured
$13,500
10/14/25
1
1
480
2345 Madrid Dr, Melbourne, FL
0.04
Mobile / Manufactured
$45,000
04/23/26
2
2
1,008
4712 Bluejay Ln, Melbourne, FL
1.57
Mobile / Manufactured
$37,000
08/17/26
2
1
840

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
5430 Inga Way, Melbourne, FL 32940
0.03
$13,300
1
1
480
Off Market
2435 Madrid Dr, Melbourne, FL 32940
0.02
$18,800
1
1
560
Off Market
2455 Merrman Dr, Melbourne, FL 32940
0.09
$67,900
2
2
1,054
For Sale
2345 Madrid Dr, Melbourne, FL 32940
0.04
$45,000
2
2
1,008
Recently Sold
2565 Merrman Dr, Melbourne, FL 32940
0.16
$159,999
3
2
1,596
For Sale

Price and Tax history

DateEventPrice
Sep 17, 2026
Source: N/A
PriceChange
$27,900
Price decreased by 7%
Aug 31, 2026
Source: N/A
PriceChange
$29,900
Price decreased by 13%
Aug 25, 2026
Source: N/A
PriceChange
$34,500
Price decreased by 3%
Aug 4, 2026
Source: N/A
PriceChange
$35,500
Price decreased by 7%
Jul 11, 2026
Source: N/A
PriceChange
$38,000
Price decreased by 13%

LGBTQ Local Legal Protections

This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

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Frequently asked questions about 2405 Madrid Dr

  • When was 2405 Madrid Dr built?
    2405 Madrid Dr in Melbourne, FL was built in 1989.
  • What are the closest schools to 2405 Madrid Dr?
    The closest schools to 2405 Madrid Dr in Melbourne, FL are Delaura Middle School (rated 7/10), Dr. W.J. Creel Elementary School (Pre-K/Middle, rated 3/10), Satellite Senior High School (rated 8/10).
  • Is Melbourne a buyer's or seller's market?
    Melbourne is currently a balanced market, based on recent for-sale activity.
  • Does 2405 Madrid Dr have parking?
    Yes, 2405 Madrid Dr in Melbourne, FL has on-site parking.
2405 Madrid Dr, Melbourne, FL 32940 is a 1 bedroom, 1 bathroom, 500 sqft mobile/manufactured built in 1989. This property is currently available for sale and was listed on May 23, 2026.