At $274/sqft for a 2003 townhouse with no HOA in Oceanside Village, you're paying a fair price for the Melbourne market, but the real trade-off is the tiny 0.03-acre lot—this is essentially a stacked unit with minimal outdoor space and no privacy buffer from neighbors. The location puts you close enough to enjoy Downtown Melbourne's revitalized riverfront scene and Eau Gallie's genuine arts community, but you're in a suburban townhouse development rather than walking distance to those amenities, so don't assume easy access to the cultural activity. For this price point, make sure the HOA-free status actually means lower costs (not just absence of community amenities) and verify the unit's condition closely, since 2003 townhouses in Florida can have hidden issues if not well-maintained.

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