Mar y Sol Properties

240-242 Provincial Drive, Melbourne, FL 32903 (MLS# 869940)


$560,000
240-242 Provincial Drive
Melbourne, FL 32903
MLS# 869940
Status: Closed
4444 sqft


240-242 Provincial Drive
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Property Description
WOW! 24K PRICE REDUCTION on this great investment opportunity for beach side rentals! Investors and 1031 exchange welcome! Larger unit, just under 2,600 sq ft, 3/2, with loft/office, smaller unit, just under 1,400 sq ft, 2/1.5, with loft/office and is tenant occupied. Each unit has SEPARATE entrances, utility meters, washers/dryers, and fenced in backyards. Duplex has new roof, updated electric, hot water heaters, A/C systems, generator hook-up, and sells with termite bond.

Details
Maps
Location, Tax, and Legal
Tax Account: 2726009
Parcel Number: 27-37-24-03-00000.0-0017.00
General County Location: South
Elementary School: Indialantic
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 3988.79
Tax Year: 2019
Tax Legal Description: NEW PROVIDENCE ESTATES LOT 17
Directions: Between 518 and 192 Causeways. Provincial Drive is off A1A and across the street from oceanfront Paradise Park. Fourth house in on the right.
General Property Information
Number Of Units Total: 2
Living Area: 3960
Living Area Source: Public Records
Building Area Total: 4444
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Association YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Use Code: 08 / DUPLEX
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 145.2
Sold Price/SqFt: 141.41
Year Built: 1981
Remarks and Miscellaneous
Public Remarks: WOW! 24K PRICE REDUCTION on this great investment opportunity for beach side rentals! Investors and 1031 exchange welcome! Larger unit, just under 2,600 sq ft, 3/2, with loft/office, smaller unit, just under 1,400 sq ft, 2/1.5, with loft/office and is tenant occupied. Each unit has SEPARATE entrances, utility meters, washers/dryers, and fenced in backyards. Duplex has new roof, updated electric, hot water heaters, A/C systems, generator hook-up, and sells with termite bond.
Appliances
Dishwasher: 1
Dryer: 1
Ice Maker: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: 321 Closing LLC, Jennifer Parrish
Closing Company Address: 2425 N Courtenay Pkwy, Merritt Island FL 32953
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric
Whole House Generator: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Lot Features
Cul-De-Sac: 1
Parking Features
Attached: 1
Circular Driveway: 1
On Street: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 16800
Net Operating Income: 16800
Operating Expense: 0
Owner Pays
Insurance: 1
Taxes: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Historical Information
Public Historical Remarks 3: Contact: List Agent, Possible Financing-1031 Exchange: Y, Equipment/Appliances-Range: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $560,000
Original List Price: 599000
Sold Price: $560,000
Status: Closed
Listing Contract Date: 2020-03-05
Property Sub Type: Duplex
Location Tax and Legal
Street Number: 240-242
Street Name: Provincial
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 383 - N Indialantic
Subdivision Name: New Providence Estates
Status Change Information
Major Change Timestamp: 2023-11-11T03:45:17Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-06-05T01:48:18Z
Status Change Timestamp: 2020-08-24
Purchase Contract Date: 2020-06-19
Close Date: 2020-08-24
Close Price: 560000
Property Features
Appliances: Dishwasher; Dryer; Ice Maker; Refrigerator; Washer
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Electric: Whole House Generator
Flooring: Carpet; Laminate; Tile
Levels: Two
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Cul-De-Sac
Owner Pays: Insurance; Taxes
Parking Features: Attached; Circular Driveway; On Street
Pool Features: None
Possession: Close Of Escrow
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available
Water Source: Public
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: Appointment Only; Call Listing Office

Listing Office: Florida Property Center

Last Updated: June - 20 - 2026

Information is deemed to be reliable, but is not guaranteed.