About This Property
Description from listing agentInvestor Special - Cash Only Concrete block home on double lots in a prime Melbourne location. Property needs significant renovation and is priced for cash buyers, investors, or builders looking for a value-add opportunity. Major updates already completed include new roof and gutters, updated electrical with new breaker panel, new hot water heater, updated fresh water plumbing, and LED lighting throughout. Trees have been removed and the lot cleared, providing a great starting point for redevelopment or renovation. Home features wood flooring, crawl space foundation, and documentation includes a current 4-point inspection, wind mitigation report, and survey confirming the double lots. No central A/C (window unit in living room). Excellent location just 7 minutes to the beach and walking distance to Downtown Melbourne's restaurants, shops, and entertainment. Nearby community park. Strong potential for renovation, rental, or redevelopment.
Space Coast Context
🚀 Launch Viewing — Good Views
34.1 mi from SLC-40
34.1 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Flood zone data not yet available for this listing. Check FEMA Flood Map
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Price History
- 3/14/25Listed$140K$115/sqft
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.
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.
Location
Get DirectionsAdditional Details
Schools
Elementary
University Park
Middle School
Stone
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $735
- Property taxes
- $140
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $140K price — down payment shown: $27,900.
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.
