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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,394 sqft
Price per Sqft $146
Subdivision Wells Map No 3
MLS Listing ID 1066680
Bedrooms 5
Full Baths 3
HOA Y/N No
Total Fin. Sqft 2394
Year Built 1969
Annual Tax Amount $7,969
Tax Year 2025
Lot Size 0.840 Acres
Acres 0.84
Property Sub-Type Single Family Residence
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Nestled in the heart of central Melbourne and directly across from a lush local golf course, this historic home presents a rare, high-upside opportunity for investors and developers alike. Set on a generous .84-acre parcel with city water and sewer in place, the property offers flexibility to rehabilitate the existing residence or start fresh with new construction. The value multiplies with the option to further expand by adding a third property available for purchase to reach an impressive 1.26 acres—unlocking the ability to pursue R2 rezoning with a density allowance of up to six units per acre. Currently, zoning allows for an accessory dwelling unit of up to 600 square feet, attached or detached, and permits short-term rentals, creating immediate income potential. Located within a Qualified Opportunity Zone, this assemblage delivers substantial tax advantages, making it an exceptional canvas for redevelopment, income production, or long-term portfolio growth in one of Melbourne's most desirable corridors.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction off of 192
Interior
Heating Other
Cooling Other
Furnishings Unfurnished
Exterior
Exterior Feature ExteriorFeatures
Parking Features Other
Garage Spaces 1.0
Utilities Available Cable Connected, Electricity Connected
Present Use Residential
Street Surface Asphalt
Garage Yes
Private Pool No
Building
Lot Description Other
Faces East
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Harbor City
High Schools Melbourne
Others
Pets Allowed Yes
Senior Community No
Tax ID 28-38-07-50-00000.0-0010.00
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
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