How do I schedule a tour of 497 Melrose Lane, Sebastian, FL 32958?

Use the Tour button on this listing to request a showing of 497 Melrose Lane, Sebastian, FL 32958. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.

Is 497 Melrose Lane, Sebastian, FL 32958 still available?

497 Melrose Lane, Sebastian, FL 32958 is currently listed as Active, and has been on the market 175 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 497 Melrose Lane, Sebastian, FL 32958?

With 20% down ($56,800) on the $284,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 497 Melrose Lane, Sebastian, FL 32958 is about $1,493/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 497 Melrose Lane, Sebastian, FL 32958?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 497 Melrose Lane, Sebastian, FL 32958. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.

What schools serve 497 Melrose Lane, Sebastian, FL 32958?

497 Melrose Lane, Sebastian, FL 32958 is zoned for Sebastian (elementary), Storm Grove (middle), Sebastian River (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 497 Melrose Lane, Sebastian, FL 32958?

Often, yes. The right offer on 497 Melrose Lane, Sebastian, FL 32958 depends on how it's priced against comparable single family sales in Sebastian, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

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$284,000

497 Melrose Lane

Sebastian, FL 32958

SEBASTIAN HIGHLANDS UNIT 8

Explore the area: Sebastian homes for sale · Indian River County real estate

Price Check

How this price compares

List price: $284,000
Price per sq ft: $265
Vs. nearby sales: 15.7% above
Days on market: 175

This 3-bedroom single-family home in Sebastian Highlands Unit 8 is listed at $284,000, or $265 per square foot. The asking price has come down 9.1% from its original $312,500. It has been on the market for 175 days. The 6 most recent single-family home sales in the closings shown below sold at a median of $229 per square foot, so the asking price is 15.7% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

1,072

Living Sq Ft

1987

Year Built

Estimated monthly payment

$1,493 /mo

Principal and interest only, based on $56,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Customize this estimate

Listing Snapshot

Price: $284,000
Days on Site: 175 Days
Bedrooms: 3
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 1,072 sqft
Total Sq Ft: 1,072 sqft
Lot Size: 0.31 Acres
Year Built: 1987
Property Type: Single Family
MLS #: B26018400
Property Tax: $4,070 (2025)
Subdivision: SEBASTIAN HIGHLANDS UNIT 8
County: Indian River
Status: Active
Special Conditions: Standard / Listed As Is

About This Property

Unapproved Short Sale. Welcome home to this Sebastian Highlands property, situated on a desirable corner lot with NO HOA, giving you the freedom to enjoy your home without restrictions or added fees. This 3-bedroom, 2-bathroom home offers a functional layout with high vaulted ceilings and a main living area that flows seamlessly into the dining space and kitchen. The kitchen features a quartz breakfast bar, textured wood cabinetry, and stainless steel appliances, providing a great foundation for future updates or personal touches. Step outside through the impact glass French doors to an oversized covered and screened patio, perfect for relaxing or entertaining, all overlooking the fully fenced backyard with a 2024 privacy fence, ideal for pets, kids, and added privacy. Major improvements have already been taken care of, including a 2024 roof and a recently installed tankless water heater, helping reduce big-ticket concerns for the next owner. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and the opportunity to make it your own, this is one you won't want to miss. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and room to make it your own, this is a great opportunity.

MLS media link

General Features

Property Type: Single Family
Status: Active
Year Built: 1987
Property Condition: Resale
Number of Stories: 1
Levels: One
Garage Spaces: 2
Attached Garage: Yes
Parking: Attached / Driveway / Garage / Garage Door Opener
Direction Faces: South
Lot Size (Acres): 0.31
Living Sq Ft: 1,072
Total Sq Ft: 1,072
Structure Type: House
Sewer: Septic Tank
Water Source: Public
Zoning: RS-10

Interior Features

Appliances: Cooktop / Dishwasher / Electric Range / Microwave / Range / Refrigerator / Tankless Water Heater / Water Heater
Cooling: Central Air / Ceiling Fans
Heating: Central
Flooring: Laminate / Wood
Interior Features: Cathedral Ceilings / High Ceilings / Kitchen Island / Living Dining Room / Main Level Primary / Separate Shower / Vaulted Ceilings
Laundry: In Garage
Main Level Bedrooms: 2
Main Level Baths: 3
Total Rooms: 3
Furnished: Unfurnished

Exterior Features

Construction: Wood Frame
Roof: Shingle
Exterior Features: None
Architectural Style: Ranch / Traditional
Lot Features: None / Quarter To Half Acre Lot
View: Garden

Community & HOA

Security: None
Utilities: Electricity Connected / Sewer Not Available / Water Connected
Pets Allowed: No Pet Restrictions / Yes
Financing Terms: Cash / Conventional / FHA / Va Loan
Restrictions: No Restrictions / Ok To Lease
MLS Area: 6351 - Sebastian (IR)

Schools

Elementary School: Sebastian
Middle School: Storm Grove
High School: Sebastian River

About the Community

Sebastian Highlands

View Community Details →

Homes for Sale: 34
Under Contract: 14
Median List Price: $381,450
Median Sale Price (September): $340,000
Median $/Sq Ft: $215
Avg Days on Market: 61

View all 34 homes for sale in Sebastian Highlands →

Frequently Asked Questions

How do I schedule a tour of 497 Melrose Lane, Sebastian, FL 32958?: Use the Tour button on this listing to request a showing of 497 Melrose Lane, Sebastian, FL 32958. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 497 Melrose Lane, Sebastian, FL 32958 still available?: 497 Melrose Lane, Sebastian, FL 32958 is currently listed as Active, and has been on the market 175 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 497 Melrose Lane, Sebastian, FL 32958?: With 20% down ($56,800) on the $284,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 497 Melrose Lane, Sebastian, FL 32958 is about $1,493/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 497 Melrose Lane, Sebastian, FL 32958?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 497 Melrose Lane, Sebastian, FL 32958. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
What schools serve 497 Melrose Lane, Sebastian, FL 32958?: 497 Melrose Lane, Sebastian, FL 32958 is zoned for Sebastian (elementary), Storm Grove (middle), Sebastian River (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 497 Melrose Lane, Sebastian, FL 32958?: Often, yes. The right offer on 497 Melrose Lane, Sebastian, FL 32958 depends on how it's priced against comparable single family sales in Sebastian, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of RE/MAX Gold

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.

$284,000

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Listed by Kate Ward, RE/MAX Gold

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Cities in Indian River County

Vero Beach Homes for Sale$400,000 Sebastian Homes for Sale$381,450 Fellsmere Homes for Sale$835,000

Zip Codes in Indian River County

32967 Homes for Sale$445,400 32962 Homes for Sale$259,000 32966 Homes for Sale$384,900 32958 Homes for Sale$380,000 32963 Homes for Sale$899,000 32960 Homes for Sale$325,000 32968 Homes for Sale$499,700 32948 Homes for Sale$835,000 32976 Homes for Sale$239,900

Property Types

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Recently sold homes in Sebastian Highlands Unit 8

These are the last 6 recorded closings in Sebastian Highlands Unit 8, with the price each home actually sold for rather than what it was listed at. They closed at a median of $242 per square foot. The most recent closed on October 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.