*Motivated Sellers!* Priced to sell! This spacious, nearly 4,000 sq ft custom pool home with 5 bedrooms/4 bathrooms in highly-desired Rio Villa offers incredible flexibility and room for everyone and is located only a few blocks from the beach. Hurricane Impact windows and sliders, newer roof and exterior paint in 2019-2020. New smart refrigerator, new dishwasher, landscaping, and irrigation with artesian well, along with fresh interior paint in 2024-2025. BRAND NEW AC units inside and out. With multiple living areas, soaring ceilings, and sunlit open spaces, there's room to spread out, gather, and grow. The versatile layout includes 4 large downstairs bedrooms (2 en-suite), 3 full baths plus pool bath, and a huge laundry room. Upstairs features a bonus room, private office, and 5th bedroom—ideal for guests, teens, or multigenerational living. Located on a quiet cul-de-sac street near top schools and parks!
For sale
Price cut: $10K (2/3)
$925,000
407 Rio Palma S, Melbourne, FL 32903
5beds
3,868sqft
Est.:
Single Family Residence
Built in 1984
0.31 Acres Lot
$-- Zestimate®
$239/sqft
$43/mo HOA
What's special
Private officeBonus roomFresh interior paintVersatile layoutNew dishwasherSoaring ceilingsNewer roof
- 120 days |
- 1,478 |
- 38 |
Zillow last checked: 8 hours ago
Listing updated: February 07, 2026 at 11:48pm
Listed by:
Tiffany Score 407-341-2343,
Denovo Realty
Source: Space Coast AOR,MLS#: 1041391
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
- Laundry: In Unit
Features
- Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Primary Bathroom - Tub with Shower
- Flooring: Carpet, Tile, Vinyl
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,868 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Stories: 2
- Has private pool: Yes
- Pool features: In Ground
- Fencing: Fenced,Privacy
Lot
- Size: 0.31 Acres
- Features: Dead End Street, Sprinklers In Front, Sprinklers In Rear
Details
- Additional parcels included: 2726423
- Parcel number: 2737245500000.00126.00
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Rio Villa Unit IV
HOA
- Has HOA: Yes
- Amenities included: Maintenance Grounds, Management - Off Site
- HOA fee: $43 monthly
- HOA name: Rio Villa unit IV - TCB Prop Mgmt
Location
- Region: Melbourne
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $684,350
- Annual tax amount: $11,205
- Date on market: 10/22/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$5,962/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Price change | $925,000-1.1%$239/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 1/21/2026 | Price change | $935,000-0.1%$242/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 12/5/2025 | Price change | $936,000-0.1%$242/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 11/12/2025 | Price change | $937,000-0.1%$242/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 10/31/2025 | Price change | $938,000-0.1%$243/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 10/22/2025 | Listed for sale | $939,000-2.1%$243/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 10/13/2025 | Listing removed | $959,000+2%$248/sqft |
Source:  Stellar MLS #O6330958 Report a problem | ||
| 8/21/2025 | Price change | $940,000-2%$243/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 7/24/2025 | Price change | $959,000-1.6%$248/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 7/15/2025 | Price change | $974,900-2.5%$252/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 6/23/2025 | Price change | $999,500-1.4%$258/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 5/28/2025 | Price change | $1,014,000-0.5%$262/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 4/29/2025 | Price change | $1,019,000-2.9%$263/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 4/15/2025 | Listed for sale | $1,049,000+39.9%$271/sqft |
Source: Space Coast AOR #1041391 Report a problem | ||
| 12/9/2022 | Sold | $750,000-11.8%$194/sqft |
Source: Space Coast AOR #938451 Report a problem | ||
| 10/21/2022 | Contingent | $850,000$220/sqft |
Source: Space Coast AOR #938451 Report a problem | ||
| 8/29/2022 | Price change | $850,000-10.5%$220/sqft |
Source: Space Coast AOR #938451 Report a problem | ||
| 7/9/2022 | Price change | $949,900-17.4%$246/sqft |
Source: Space Coast AOR #938451 Report a problem | ||
| 6/27/2022 | Price change | $1,149,900-4.2%$297/sqft |
Source: Space Coast AOR #938451 Report a problem | ||
| 6/21/2022 | Listed for sale | $1,200,000+127.3%$310/sqft |
Source: Space Coast AOR #938451 Report a problem | ||
| 8/19/2016 | Sold | $528,000-4%$137/sqft |
Source:  BeachesMLS #RX-10243984 Report a problem | ||
| 7/10/2016 | Pending sale | $549,900$142/sqft |
Source: Dale Sorensen R.E. Brevard #755577 Report a problem | ||
| 5/27/2016 | Price change | $549,900-6.6%$142/sqft |
Source: Dale Sorensen R.E. Brevard #755577 Report a problem | ||
| 5/15/2016 | Price change | $589,000+7.2%$152/sqft |
Source: RE/MAX Alternative Report a problem | ||
| 5/7/2016 | Price change | $549,500-1.8%$142/sqft |
Source: RE/MAX ALTERNATIVE REALTY INC #746769 Report a problem | ||
| 4/8/2016 | Listed for sale | $559,500$145/sqft |
Source: RE/MAX ALTERNATIVE REALTY INC #746769 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,206 -7.2% | $684,350 -0.2% |
| 2023 | $12,078 +40.8% | $685,600 +27.6% |
| 2022 | $8,580 -1.9% | $537,320 +3% |
| 2021 | $8,745 +0.9% | $521,670 +1.4% |
| 2020 | $8,665 -3.9% | $514,470 -0.2% |
| 2019 | $9,017 | $515,680 +1.3% |
| 2018 | $9,017 -0.7% | $509,050 +17.1% |
| 2017 | $9,080 +4.5% | $434,730 +40.1% |
| 2016 | $8,690 +52.2% | $310,370 +0.7% |
| 2015 | $5,711 -0.6% | $308,220 +0.8% |
| 2014 | $5,744 | $305,780 -4.6% |
| 2013 | -- | $320,590 +8.2% |
| 2012 | $5,618 +2.9% | $296,240 -1.9% |
| 2011 | $5,461 +12.1% | $301,930 -15.3% |
| 2010 | $4,871 +11% | $356,660 -9.7% |
| 2009 | $4,387 +2.9% | $394,860 -12.8% |
| 2008 | $4,263 -1.6% | $453,000 -7% |
| 2007 | $4,334 +0.5% | $487,000 -17.4% |
| 2005 | $4,314 -1.9% | $589,550 +35.6% |
| 2004 | $4,396 -1.2% | $434,660 +16.2% |
| 2003 | $4,452 +4.1% | $374,080 +28.7% |
| 2002 | $4,278 +2.6% | $290,740 +7.7% |
| 2001 | $4,172 +5.8% | $269,900 +3.7% |
| 2000 | $3,944 | $260,390 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,526/mo
Principal & interest
$4350
Property taxes
$1133
HOA Fees
$43
Climate risks
Neighborhood: 32903
Nearby schools
GreatSchools rating
- 10/10Indialantic Elementary SchoolGrades: PK-6Distance: 1.3 mi
- 6/10Herbert C. Hoover Middle SchoolGrades: 7-8Distance: 1.2 mi
- 6/10Melbourne Senior High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Indialantic
- Middle: Hoover
- High: Melbourne
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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