1 / 5
For SaleSale PendingLand / Lot
$139K
285 Elm Street, Melbourne, FL 32904
West Melbourne neighborhood
Subdivision: Pine Grove No 1
0
Bathrooms

About This Property

Description from listing agent

A rare opportunity in the desirable Pine Grove area of West Melbourne! This approximately .64-acre parcel is situated in one of West Melbourne's most sought-after residential areas and offers the freedom of no HOA. Surrounded by established homes and new construction, this property presents a unique opportunity for buyers looking to secure land in a growing and highly desirable location. Enjoy the peaceful setting Pine Grove is known for while remaining just minutes from shopping, dining, schools, parks, and major roadways. Large residential parcels in such a convenient central location are becoming increasingly difficult to find. Buyers are encouraged to perform their own due diligence regarding intended use, zoning, access to utilities, and future development possibilities.

Space Coast Context

🚀 Launch Viewing — Good Views

34.3 mi from SLC-40

34.3 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris3.5 mi~8 min
Northrop5.1 mi~11 min
Blue Origin28.9 mi~1h 4m
SpaceX29.6 mi~1h 6m
Lockheed29.7 mi~1h 6m
Boeing/KSC30.8 mi~1h 9m
KSC31.1 mi~1h 9m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 9/25/26
    Listed
    $139K

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • ✓Same property type, always (single family, condo, townhouse, etc.)
  • ✓Single-story homes compared only to single-story (and multi to multi)
  • ✓Exact bedroom count
  • ✓Bathrooms within ±0.5
  • ✓Garage spaces within ±1
  • ✓Pool status must match
  • ✓Waterfront status must match
  • ✓HOA must match (HOA community vs. no HOA)
  • ✓Price within ±5–20% of list price (tightest in early tiers)
  • ✓Square footage within ±10–25% (tighter in early tiers)
  • ✓Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.64 acres (27,878 sqft)
Days on Market
16
MLS Area
331 - West Melbourne

Schools

Elementary

Meadowlane

Middle School

Central

High School

Melbourne

Financial & Listing Details

Listed
Sep 25, 2026
Parcel #
28-36-01-52-00000.0-0380.00
$139K

Listing Agent (for property info)

J
Jennifer J Pecora
Watson Realty Corp
321-474-1098
Call Listing Agent

Estimated Monthly Payment

$1,021/mo
Principal & interest
$732
Property taxes
$139
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $139K price — down payment shown: $27,800.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1088520

What's Nearby

home improvement
Lowe's
0.7 mi away
shopping
Wawa
0.8 mi away
restaurants
Zaxby's
0.8 mi away
grocery
Winn-Dixie
0.8 mi away
movie theaters
Cinema World West Melbourne 16
0.8 mi away
pharmacies
Walgreens
0.9 mi away
parks
Playground B
0.9 mi away
restaurants
Subway
0.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1088520 · Listing Broker: Watson Realty Corp · 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.