Shady Dell Riverview Condo Ph I
Homes for Sale in Melbourne, FL

Shady Dell Riverview Condo Ph I market snapshot (as of July 15, 2026): the median sale price is about $120K ($113 per sq ft over the trailing 12 months of closed sales), and a median 106 days on market for closed sales.

Shady Dell Riverview Condo Ph I is a modestly priced condo community in Melbourne, Brevard County, where value tracks unit condition and updates rather than a floor-to-ceiling price band. Since 2012 pricing here is up 166%, but the thin transaction count means any single sale can move the median.

With no community amenities identified from current MLS listings, the value proposition here is the unit itself and the location, not shared facilities. That keeps carrying assumptions simple, but it also means the burden of differentiation falls entirely on the interior — an updated kitchen, flooring, and systems will command a real premium over a dated unit at this price point.

The 166% rise since 2012 reflects the broader recovery and appreciation across Space Coast condos over more than a decade, not a promise about tomorrow. Combined with a low absolute median and a small sample, the practical takeaway is to underwrite each unit on its own merits — square footage, condition, monthly assessments, and floor location — rather than leaning on the community average.

In a thin-volume community like this, comps are scarce and one dated or one renovated sale can skew the median. We read each unit against its actual condition and the specific closings behind the number, so you're pricing to reality — not to a headline stat that a handful of transactions can distort.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.