1806&1808 Pine Street, Melbourne, FL 32901
Local realty services provided by:CENTURY 21 Circle
1806&1808 Pine Street,Melbourne, FL 32901
$349,900
- 5 Beds
- 3 Baths
- 2,394 sq. ft.
- Single family
- Pending
Listed by: ryan malone
Office: endless summer real estate
MLS#:1066680
Source:FL_SPACE
Price summary
- Price:$349,900
- Price per sq. ft.:$146.16
About this home
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, or long-term portfolio growth in one of Melbourne's most desirable corridors.
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Home facts
- Year built:1969
- Listing ID #:1066680
- Added:41 day(s) ago
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Kitchen Description:appl_
- Living area:2,394 sq. ft.
Structure and exterior
- Year built:1969
- Building area:2,394 sq. ft.
- Lot area:0.84 Acres
Schools
- High school:Melbourne
- Middle school:Hoover
- Elementary school:Harbor City
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$349,900
- Price per sq. ft.:$146.16
- Tax amount:$7,969 (2025)
Features and amenities
- Laundry features:appl_
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