$391,200
- 3 Beds
- 2 Baths
- 1,765 sqft
517 Willis Way, Melbourne, FL 32940
Est. Refi. Payment $2,619/mo*
Refinance Your HomeCurrently Off Market - Sold May 20, 2022 for $379,000
Home Value
Trulia Estimate
$391KSince last month
Decreased$2K (-0.5%)Since last year
Decreased$17K (-4.1%)Since last sale
Increased$13K (+3.5%)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 +69% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $392K |
| August 2026 | $391K |
| July 2026 | $394K |
| June 2026 | $397K |
| May 2026 | $400K |
| April 2026 | $403K |
| March 2026 | $406K |
| February 2026 | $404K |
| January 2026 | $402K |
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 |
|---|---|---|---|---|---|---|---|
0.62 | Multi-Family Home | $124,800 | 04/22/26 | 2 | 2 | 1,078 | |
3.78 | Multi-Family Home | $121,000 | 03/10/26 | 2 | 2 | 1,467 | |
4.41 | Multi-Family Home | $250,000 | 04/29/26 | 2 | 2 | 1,184 | |
4.36 | Multi-Family Home | $192,500 | 05/18/26 | 3 | 3 | 1,480 | |
4.57 | Multi-Family Home | $256,500 | 03/16/26 | 2 | 2 | 1,184 | |
3.76 | Multi-Family Home | $1,279,400 | 01/15/26 | - | 1,776 | ||
3.79 | Multi-Family Home | $852,400 | 05/08/26 | - | 1,917 | ||
3.88 | Multi-Family Home | $735,400 | 10/24/25 | - | 1,917 | ||
3.77 | Multi-Family Home | $1,262,200 | 01/28/26 | - | 1,776 | ||
3.80 | Multi-Family Home | $1,235,300 | 01/26/26 | - | 1,776 |
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 |
|---|---|---|---|---|---|---|
0.62 | $198,100 | 3 | 2 | 1,256 | Off Market | |
2.97 | $418,200 | 3 | 2 | 2,147 | Off Market |
Local Information
-- mins to
Home Highlights
Multi-Family
Built in 1998
1,765 sqft
$222/sqft
Garage
About this House
This multi-family home is located at 517 Willis Way, Melbourne, FL. 517 Willis Way is in Melbourne, FL and in ZIP code 32940. This property has 3 bedrooms, 2 bathrooms and approximately 1,765 sqft of floor space. This property has a lot size of 7405 sqft and was built in 1998.
517 Willis Way, Melbourne, FL 32940 is a 3 bedroom, 2 bathroom, 1,765 sqft multi-family built in 1998. It last sold for $379,000 on May 20, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $391,200, with a rent estimate of $2,605/month.
Home Details for 517 Willis Way
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Levels, Entrance, & Accessibility Stories: 1 |
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Exterior Home Features Roof: TileExterior: StuccoPatio |
Parking & Garage GarageParking: Garage Attached |
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Year Built Year Built: 1998Year Updated: 2004 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 1 |
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Lot Area: 7405 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
May 20, 2022 Source: Space Coast AOR #930544 | Sold | $379,000 |
Mar 31, 2022 Source: Space Coast AOR #930544 | Contingent | $419,000 |
Mar 26, 2022 Source: Space Coast AOR #930544 | Listed For Sale | $419,000 |
Apr 24, 1998 Source: N/A | Sold | $137,900 |
Dec 17, 1997 Source: N/A | Sold | $44,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,532 | $319,410 |
Home facts updated by county records
Market trends in Melbourne
Last updated August 2026
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 517 Willis Way
- What is 517 Willis Way estimated to be worth?Trulia's estimated value for 517 Willis Way in Melbourne, FL is $391,200.
- What is the price history for 517 Willis Way?517 Willis Way in Melbourne, FL last sold for $379,000 in May 2022.
- 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.

