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1806 Pine Street, Melbourne, FL 32901

Melbourne
Local realty services provided by:CENTURY 21 Circle
1806 Pine Street,Melbourne, FL 32901
$174,900
  • 2 Beds
  • 1 Baths
  • 774 sq. ft.
  • Single family
  • Pending
Listed by: ryan malone
Office: endless summer real estate
MLS#:1066678
Source:FL_SPACE

Price summary

  • Price:$174,900
  • Price per sq. ft.:$225.97

About this home

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, long-term portfolio...

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Home facts

  • Year built:1926
  • Subdivision & Development:Wells Map No 3
  • Listing ID #:1066678
  • Added:208 day(s) ago

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Kitchen Description:appl_
  • Living area:774 sq. ft.

Structure and exterior

  • Year built:1926
  • Building area:774 sq. ft.
  • Lot area:0.42 Acres

Schools

  • High school:Melbourne
  • Middle school:Hoover
  • Elementary school:Harbor City

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$174,900
  • Price per sq. ft.:$225.97
  • Tax amount:$1,596 (2024)

Features and amenities

  • Laundry features:appl_
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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