$275,000
Melbourne, FL 32901
MLS# 1066680
Status: Closed
5 beds | 3 baths
1 / 12
Property Description
INVESTOR SPECIAL!!! 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,
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2847708
Parcel Number: 28-38-07-50-00000.0-0010.00
General County Location: South
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 7969.98
Tax Year: 2025
Tax Legal Description: HARBOR EAST SEC 1 LOT 10
Directions: off of 192
General Property Information
Bathrooms Half: 0
Living Area: 2394
Living Area Source: Public Records
Lot Size Acres: 0.84
Lot Size Square Feet: 36590.4
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 1
Carport YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 146.16
Sold Price/SqFt: 114.87
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 1969
Remarks and Miscellaneous
Public Remarks: INVESTOR SPECIAL!!!
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,
Construction Materials
Frame: 1
Cooling
Other: 1
Current Use
Residential: 1
DPR Eligible
DPR Eligible: Yes
Heating
Other: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Lot Features
Other: 1
Parking Features
Other: 1
Pets Allowed
Yes: 1
Possession
Close Of Escrow: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Contract Information
Current Price: $275,000
Original List Price: 349900
Sold Price: $275,000
Status: Closed
Listing Contract Date: 2026-01-16
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 1806&1808
Street Name: Pine
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Wells Map No 3
Status Change Information
Major Change Timestamp: 2026-03-11T20:15:16Z
Major Change Type: Status Change
Status Change Timestamp: 2026-03-11
Purchase Contract Date: 2026-01-30
Close Date: 2026-03-10
Close Price: 275000
Property Features
Construction Materials: Frame
Cooling: Other
Current Use: Residential
Heating: Other
Levels: One
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Other
Parking Features: Other
Pets Allowed: Yes
Possession: Close Of Escrow
Road Surface Type: Asphalt
Sewer: Public Sewer
Showing Requirements: Appointment Only
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected
Water Source: Public
Supplements
or long-term portfolio growth in one of Melbourne's most desirable corridors.
1808 SD 
Listing Office: Endless Summer Real Estate
Last Updated: August - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.