505 Spring Lake Dr, Melbourne, FL 32940
OFF MARKET

$954,900

Trulia Estimate
  • 4 Beds
  • 3.5 Baths
  • 4,237 sqft (on 0.31 acres)

505 Spring Lake Dr, Melbourne, FL 32940

Est. Refi. Payment $6,374/mo*
Refinance Your Home
Currently Off Market - Sold Aug 26, 2014 for $412,000

Home Value

Trulia Estimate
$955K
Since last month
Increased$10K (+1.1%)
Since last year
Increased$23K (+2.5%)
Since last sale
Increased$543K (+131.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +83% in the last 10 years
MonthEstimated value
2026
September 2026$955K
August 2026$945K
July 2026$941K
June 2026$940K
May 2026$940K
April 2026$948K
March 2026$950K
February 2026$925K
January 2026$893K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
1100 Inverness Ave, Melbourne, FL
0.27
Single-Family Home
$429,000
07/06/26
4
3
3,481
521 Spring Lake Dr, Melbourne, FL
0.05
Single-Family Home
$650,000
06/12/26
3
2.5
2,446
Home facts updated by county records

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
513 Spring Lake Dr, Melbourne, FL 32940
0.02
$703,600
3
3
2,611
Off Market
521 Spring Lake Dr, Melbourne, FL 32940
0.05
$650,000
3
2.5
2,446
Recently Sold
529 Spring Lake Dr, Melbourne, FL 32940
0.07
$850,000
4
4
3,208
Recently Sold
537 Spring Lake Dr, Melbourne, FL 32940
0.09
$789,400
4
3
3,061
Off Market
545 Spring Lake Dr, Melbourne, FL 32940
0.11
$910,500
5
3.5
3,386
Off Market
553 Spring Lake Dr, Melbourne, FL 32940
0.12
$782,000
3
3.5
3,106
Off Market
497 Spring Lake Dr, Melbourne, FL 32940
0.02
$857,300
4
4
3,709
Off Market
489 Spring Lake Dr, Melbourne, FL 32940
0.04
$943,300
4
3.5
4,123
Off Market
481 Spring Lake Dr, Melbourne, FL 32940
0.05
$901,600
5
4
3,948
Off Market
473 Spring Lake Dr, Melbourne, FL 32940
0.07
$726,900
4
4
2,863
Off Market
465 Spring Lake Dr, Melbourne, FL 32940
0.09
$863,000
3
4
3,392
Off Market
457 Spring Lake Dr, Melbourne, FL 32940
0.11
$664,400
3
2
2,536
Off Market

Local Information

  • Map ViewExplore the area around 505 Spring Lake Dr.
  • Schools2 Preschool Schools2 Elementary Schools1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1992
0.31 acre lot
4,237 sqft
$225/sqft
Garage

About this House

This single-family home is located at 505 Spring Lake Dr, Melbourne, FL. 505 Spring Lake Dr is in Melbourne, FL and in ZIP code 32940. This property has 4 bedrooms, 4 bathrooms and approximately 4,237 sqft of floor space. This property has a lot size of 0.31 acres and was built in 1992.
505 Spring Lake Dr, Melbourne, FL 32940 is a 4 bedroom, 4 bathroom, 4,237 sqft single-family home built in 1992. It last sold for $412,000 on Aug 26, 2014. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $954,900, with a rent estimate of $5,388/month.

Home Details for 505 Spring Lake Dr

Interior Features

Heating & Cooling
Heating: GasAir ConditioningCooling System: CentralHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 2Floors: Other, Carpet
Interior Details
Additional StorageAtticNumber of Rooms: 10Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Library, Master Bath, Mud Room, Office, Pantry, Recreation Room, WorkshopStorageWet BarCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or SpaJetted Bath Tub
Windows, Doors, Floors & Walls
Double Paned Windows
Security
Security System

Exterior Features

Exterior Home Features
Roof: Asphalt, Other, Shake ShingleDeckExterior: BrickGardenLawnPatioPorchSprinkler System
Pool
Pool
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 1992Year Updated: 2023
Property Type / Style
Property Type: Single Family HomeArchitecture: Modern

Community

Units in Building: 1

Lot Information

Lot Area: 0.31 acres

Additional Information

Intercom

Price and Tax history

DateEventPrice
Aug 26, 2014
Source: Space Coast AOR #699896
Sold
$412,000
Jul 11, 2014
Source: Agent Provided
PriceChange
$440,000
Price decreased by 5%
Jul 3, 2014
Source: Agent Provided
PriceChange
$465,000
Price decreased by 7%
Jun 22, 2014
Source: Agent Provided
Listed For Sale
$500,000
Feb 14, 2014
Source: Space Coast AOR #683684
Sold
$416,250

Market trends in Melbourne

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$371K
$3.17KMoM
Sale-to-List Price
97.9%
0.1%MoM
Price per sq ft
$221
$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.
  • K.mcginty
    "There are only a few children in our neighbor hood. "
    1
    Flag
  • 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
  • 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 505 Spring Lake Dr

  • What is 505 Spring Lake Dr estimated to be worth?
    Trulia's estimated value for 505 Spring Lake Dr in Melbourne, FL is $954,900.
  • What is the price history for 505 Spring Lake Dr?
    505 Spring Lake Dr in Melbourne, FL last sold for $412,000 in August 2014.
  • 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 $371K. That is up $3.17K from the prior month.
  • Does 505 Spring Lake Dr have air conditioning?
    Yes, 505 Spring Lake Dr in Melbourne, FL has air conditioning.
  • Does 505 Spring Lake Dr have a pool?
    Yes, 505 Spring Lake Dr in Melbourne, FL has a pool.

Explore by feature - Pet Friendly

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