Price: $174,900
1806 Pine StreetMelbourne, FL 32901
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774
Square Foot
2
Bedrooms
1.00
Full Baths
N/A
½ Baths
No
Pool
No
Waterfront
1926
Year Built
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,
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
Water Connected
Property Details
Street Name:
County:
Brevard
Listing Status:
Active
Tax Year:
2024
Pool:
No
Private Pool:
No
Waterfront:
No
Zip Code:
Subdivision:
Wells Map No 3
Construction:
Frame
Tax Amount:
$1,597
Furnishings:
Unfurnished
Parking:
Other
HOA Dues:
$0.00
1806 Pine Street Melbourne, FL 32901
This listing is courtesy of Endless Summer Real Estate.
Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Vero Beach, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard and Central Florida.
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