497 Melrose Lane

Sebastian, FL
$ 289,000 Beds 3 Baths 2 Sq 1,072 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 289,000
  • City
  • Sebastian
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • Indian River
  • Half Bathrooms
  • 0
  • Area
  • 6351 - Sebastian (IR)
  • Lot Size
  • 0.31 Acres
  • Zip
  • 32958
  • Sqr Footage
  • 1,072
  • Year Built
  • 1987
  • Taxes
  • $ 4070
  • Style
  • MLS#
  • B26018400
Listed By: RE/MAX Gold
Data Source: Beaches MLS (FL)

Features

General

Membership Required false
Sewer Septic Tank
Heating Central
Cooling Central Air,Ceiling Fan(s)
Utilities Electricity Connected,Sewer Not Available,Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Cooktop,Dishwasher,Electric Range,Microwave,Range,Refrigerator,Tankless Water Heater,Water Heater
Garage Spaces 2
Architectural Style Ranch,Traditional
Security Features None
Construction Materials Wood Frame
Pets Allowed No Pet Restrictions,Yes
Year Built 1987
View Garden
Stories Count 1
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Accessibility None
County Indian River
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name SEBASTIAN HIGHLANDS UNIT 8
Facing Direction South
Garage Y/N true
Full Baths 2
Status Active
High School Sebastian River
City Sebastian
Senior Community Y/N false
MLS Area 6351 - Sebastian (IR)
Carport Y/N false
Elementary School Sebastian
Land Lease Y/N false
Tax Annual Amount 4070.06
Middle/Junior High School Storm Grove
Property Condition Resale
MLS Area Minor INRV - Indian River
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Single Family Residence
PostalCity Sebastian
Legal Description SEBASTIAN HIGHLANDS UNIT 08 BLK 202 LOT 39 PBI 6-14

Interior Features

Interior Amenities Cathedral Ceiling(s),High Ceilings,Kitchen Island,Living/Dining Room,Main Level Primary,Separate Shower,Vaulted Ceiling(s)
Flooring Laminate,Wood
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features In Garage
Total Bedrooms 3
Main Level Bedrooms 2
Main Level Bathrooms 3
Total Baths 2

Exterior Features

Private Pool false
Exterior Amenities None
Fencing Back Yard,Fenced,Perimeter,Privacy
Parking Features Attached,Driveway,Garage,Garage Door Opener
Lot Features None,1/4 to 1/2 Acre Lot
Water Source Public
Total Parking 4
Lot Size Area 13504
Foundation Details Concrete Perimeter
Building Area Total 1072
Lot Size Acres 0.31
Waterfront Y/N false
Covered Spaces 2
Door Features French Doors
Other Equipment None
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Port St Lucie, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

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

Price History

4/21/2026 Listed $312,500
7/23/2026 1% - $309,000
9/22/2026 6% - $289,000

Property vs Zip Code Average in 32958

Price
AVG $430K
$290K
Taxes
AVG $3,748
$4,070
Year Built
AVG 1999
1987

497 Melrose Lane Sebastian, FL is a Single Family Home for sale at $289000 with 1072 sqft and a lot size of 0.31 Acres Acre(s). 497 Melrose Lane Sebastian has 3 bedrooms, 2 baths and was built in 1987. The property's zip code is 32958 which is in Sebastian, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.