$174,900
Melbourne, FL 32901
MLS# 1066678
2 beds | 1 baths
1 / 8
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 .42-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 combine the adjacent parcel for a total of .84 acres, or further expand by adding a third property 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: 2817882
Parcel Number: 28-37-03-33-00011.0-0014.00
General County Location: South
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 1596.62
Tax Year: 2024
Tax Legal Description: WELLS MAP NO 3 LOT 14 BLK 11
Directions: off of 192
General Property Information
Bathrooms Half: 0
Living Area: 774
Living Area Source: Public Records
Lot Size Acres: 0.42
Lot Size Square Feet: 18295
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront 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: 225.97
Bedrooms Total: 2
Bathrooms Total: 1
Bathrooms Full: 1
Year Built: 1926
Remarks and Miscellaneous
Public Remarks: 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 .42-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 combine the adjacent parcel for a total of .84 acres, or further expand by adding a third property 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
Single Family: 1
Heating
Other: 1
Legal Details
Permission Granted to Advertise: Yes
Listing Terms
Cash: 1
Other: 1
Lot Features
Other: 1
Parking Features
Other: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Rental Restrictions
No Minimum: 1
Contract Information
Current Price: $174,900
Original List Price: 174900
List Price: $174,900
Status: Active
Listing Contract Date: 2026-01-16
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 1806
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: 2026-01-16T16:33:23Z
Major Change Type: New Listing
Status Change Timestamp: 2026-01-16
Property Features
Construction Materials: Frame
Cooling: Other
Current Use: Single Family
Heating: Other
Listing Terms: Cash; Other
Lot Features: Other
Parking Features: Other
Possession: Close Of Escrow
Rental Restrictions: No Minimum
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Utilities: Water Connected
Water Source: Public
Supplements
long-term portfolio growth in one of Melbourne's most desirable corridors.
Seller Disclosure 
Listing Office: Endless Summer Real Estate
Last Updated: January - 16 - 2026
Information is deemed to be reliable, but is not guaranteed.