OFF MARKET
Google street view image for 402 Rio Palma S, Melbourne, FL 32903
Off market sep 1997 for $212K
$743,342
Est. refi paymentEst. refi $1,423/mo
4
bd
•
2 ba
•
2,817
sq ft

402 Rio Palma S, Melbourne, FL 32903

map-entry

About this home

402 Rio Palma S is a 2,817 square foot house on a 0.28 acre lot with 4 bedrooms and 2 bathrooms. - it last sold on September 22, 1997 for $212,000. Based on Redfin's Melbourne data, we estimate the home's value is $743,342.
Single-familyProperty Type
1989Year Built
0.28 acresLot Size
$264Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$743,342
$531K since sold in September 1997$3,000 since September

This home's estimate is 11.5% lower than the average sale price ($840K) of 6 comparable homes.

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Earn from this home

Sell
$689,589
Est. take-home

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Refinance
$0
Est. cash available

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Rent
$3,352/mo
Redfin rental estimate

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Market trends in 32903, FL

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price
96.6%

0.1% MoM

Median sale price
$715K

$15K MoM

Avg. days on market
67d

0 days MoM

Recently sold homes
81

5 MoM

New listings for sale

Provided by Redfin

Sale history for 402 Rio Palma S

Tax history for 402 Rio Palma S

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R1AAA

Single-family Low Density Residential District

The provisions of these districts are intended to apply to an area of Single-family residential development. Lot sizes and other restrictions are intended to protect and promote high quality residential development.
Permitted uses

Include but are not limited to:

  • Housing-Group
  • Housing-Single unit

Property details

Around this home

Schools

Indialantic Elementary School

Public PreK-6 • Assigned • 1.3mi

10/10
Herbert C. Hoover Middle School

Public 7-8 • Assigned • 1.2mi

7/10
Melbourne Senior High School

Public 9-12 • Assigned • 2.9mi

6/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

2/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 104° expected this year, 22 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Melbourne, FL • 32903
Average low and high temperatures (°F)
69
52
73
58
78
63
81
69
86
75
88
76
90
77
90
77
87
76
83
73
78
64
75
60
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

8.8 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$707,000 – $855,000

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Nearby similar homes

NEW 19 HRS AGO
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3D WALKTHROUGH
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3D WALKTHROUGH
$700,000
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750 W Whitmire Dr, Melbourne, FL 32935
$749,000
3 beds2 baths2,669 sq ft
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3D WALKTHROUGH
$395,000
2 beds1.5 baths1,238 sq ft
241 Avenida Central, Indialantic, FL 32903

New listings for sale in 32903

EARLY ACCESSCOMPASS COMING SOON
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NEW 19 HRS AGO
$489,900
4 beds2 baths1,529 sq ft
225 Chalet Ave, Indialantic, FL 32903
EARLY ACCESSCOMPASS COMING SOON
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$319,000
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290 Paradise Blvd #13, Melbourne, FL 32903
$835,000
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3D WALKTHROUGH
$395,000
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241 Avenida Central, Indialantic, FL 32903
3D WALKTHROUGH
$675,000
4 beds3 baths2,166 sq ft
16 South Ct, Indialantic, FL 32903
$509,000
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3D WALKTHROUGH
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Home values near 402 Rio Palma S

Data from public records.

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