About This Property
Description from listing agentAffordable Opportunity or Next Investment Project in Melbourne! Welcome to 26 Sapphire Street, offering unmatched flexibility and potential in a non-HOA neighborhood. This 2-bedroom, 1 bathroom features a compact 460 sq ft footprint situated on a generous 7,405 square foot lot, leaving plenty of room for storage, expansion or outdoor living. the property is connected to municipal city water and utilizes a private septic system, keeping your monthly utility bills low. Located in a quiet residential pocket just moments away from New Have Ave, you will enjoy immediate access to premier shopping, dining, I-95, and the Melbourne Orlando International Airport. Whether you are a seasoned investor looking for an incredible rental yield, a builder looking for a cleared lot with active utility hookups, or a buyer searching for an affordable entry into the Brevard County market, this property is a blank canvas ready for your vision. Sold strictly AS-IS, Cash buyers only!
Space Coast Context
🚀 Launch Viewing — Good Views
33.9 mi from SLC-40
33.9 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood 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.
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
Meadowlane
Middle School
Central
High School
Melbourne
Financial & Listing Details
Similar Homes Nearby
Estimated Monthly Payment
- Principal & interest
- $261
- Property taxes
- $50
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $50K price — down payment shown: $9,900.
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.
