Shady Dell Riverview
Shady Dell Riverview — intercoastal / waterway condo on the Space Coast, $170K median sale, ~$325/mo HOA.
Live the MaxLife.
$170K
Median Price
$170K – $170K
$325–$325
Monthly HOA
1978
Established
Brevard Public Schools (verify zoning by address)
School Zone
Search Homes for Sale in Shady Dell Riverview
Stellar MLS · 2026-09-13 · 8 closed sales
Recent market data
Median sold
$126,000
$118K – $170K
$/sqft
$117
Median DOM
72
days on market
HOA
$325/mo
Sale-to-list
95.3%
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Background
A brief history
Shady Dell Riverview sits on the intercoastal / lagoon waterway in Melbourne. Built 1978. Direct waterway frontage with the amenity package below, which is the structural reason an intercoastal condo carries the HOA fee it does — the building is paying for shared dock / seawall / pool / fitness infrastructure that a single-family river-front lot would have to underwrite individually.
The feel
What it's like to live here
Waterway-front condo lifestyle in Melbourne — direct sunset views over the Indian River Lagoon / waterway, beach / pool amenity, and the natural quiet that distinguishes the lagoon side from the noisier oceanfront.
The details
What to expect
Association amenities
16 listed amenities per MLS: Cable TV, Car Wash Area, Clubhouse, Elevator(s), Insurance, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Pickleball, Pool, Shuffleboard Court, Storage, Trash, Water, Water Association Fee Includes: Cable TV.
What the HOA fee covers
Per recent MLS: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Trash, Water. Intercoastal condos typically bundle exterior maintenance, master insurance, and dock/seawall maintenance — verify reserve study before closing.
Views
Listings report views of: River.
Waterfront features
Per MLS: River Front.
Why intercoastal vs oceanfront
Intercoastal-side condos in this segment trade at a meaningful discount to direct-oceanfront product — typically 30–50% lower per square foot for similar age/sqft. The trade-off is no immediate beach access (a 5–15 minute walk or short drive to the closest crossing). What you get in exchange: dramatic sunset exposure, boat-water access if the building has dockage, a more sheltered insurance posture, and substantially lower HOA assessments because the building isn't underwriting full direct-Atlantic exposure.
Schools
Brevard Public Schools — feeder pattern depends on the specific address. Melbourne-area addresses typically zone to mainland or beachside cluster schools. Assignment follows the street address, so check each unit's address in Brevard Public Schools' school locator before you write an offer.
Insurance posture
Lagoon-side condos carry materially lower wind+flood exposure than direct-oceanfront. Master HOA policy typically covers building exterior; unit owner needs HO-6 (interior + contents). Verify the master policy details, deductibles, recent special assessments, and reserve study — these three numbers separate a healthy intercoastal association from a problem one.
Community
Amenities
- Cable TV
- Car Wash Area
- Clubhouse
- Elevator(s)
- Insurance
- Internet
- Maintenance Grounds
- Maintenance Structure
- Pest Control
- Pickleball
- Pool
- Shuffleboard Court
- Storage
- Trash
- Water
- Water Association Fee Includes: Cable TV
Know Before You Buy
HOA rules worth knowing
- HOA ~$325/month
- Master insurance covers building exterior; unit owner needs HO-6 for interior + contents
- Verify reserve study + recent special assessments before closing
- Most Brevard intercoastal condos prohibit short-term (<30 day) rentals; some allow 7/14 day minimums — confirm with each association
- Pet policies vary widely between buildings — verify weight/breed limits per association
Education
School assignments
- Brevard Public Schools (verify zoning by address)
School zone assignments change. Verify with the Brevard County school district before purchase.
Market Commentary
What the market is doing
Recent close: $170,000 (1 sale in last 60 days). Median $170,000 at $135/sqft. HOA ~$325/month. Intercoastal-side pricing in this segment runs roughly 30–50% under comparable direct-oceanfront product — the trade is no immediate beach access in exchange for boat-water, sunset exposure, and a meaningfully lower insurance + HOA carrying cost.
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Homes near Shady Dell Riverview
Nothing is listed in Shady Dell Riverview right now. Showing homes in Melbourne. Many Shady Dell Riverview homes sell off-market — get notified first when new inventory comes available.
$522,000
581 Bismarck Way 103
Melbourne, FL 32903
4 bd · 3 ba · 2,488 sqft
Aspinwall
MLS ID #1090961, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$932,500
7439 Jazero Place
Melbourne, FL 32940
4 bd · 4 ba · 3,252 sqft
Trasona
MLS ID #1090849, Coldwell Banker Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$339,999
924 Gables Way
Melbourne, FL 32940
2 bd · 1 ba · 901 sqft
Holiday Springs At Suntree
MLS ID #1088643, RE/MAX Aerospace Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$585,000
4335 Negal Circle
Melbourne, FL 32901
3 bd · 2 ba · 2,223 sqft
Laguna Village
This property is under contract. Contact us for backup offer opportunities.
MLS ID #1066218, Joseph DiPrima, Broker.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$549,900
4195 Negal Circle
Melbourne, FL 32901
3 bd · 2 ba · 1,872 sqft
Laguna Village
MLS ID #1066178, Joseph DiPrima, Broker.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$269,900
566 Sylvia
Melbourne, FL 32904
3 bd · 2 ba · 1,110 sqft
Cannova Park Sec C
MLS ID #TB8562301, OFFERPAD BROKERAGE FL, LLC.
Listing provided by Stellar MLS
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of October 29, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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