1806 Pine Street Melbourne FL 32901
Overview of 1806 Pine Street, Melbourne, Fl 32901
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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 acresunlocking 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 growth in one of melbourne's most desirable corridors.
This lovely single family home was built in 1926 and features 2 bedrooms, and 1 full bathrooms. This home for sale is 774 square feet, with 774 sq ft being air conditioned living space. The home has a does not have a private swimming pool.
Directions to this property are as follows: Off Of 192.
Please contact your ZFC agent for more information about MLS# 1066678 or any other homes for sale in Melbourne or elsewhere in the Brevard County area.
1806 Pine Street Price Calculator
The payment calculator figures for 1806 Pine Street, Melbourne, Fl 32901 should be used as an estimate only. Loan terms including interest rate, and required downpayment will vary with each lender and/or individual. RE taxes for this home for sale are estimated based on the actual property taxes for this property for the tax year 2024 which are $1,597 but will likely change when this home sells. These estimations are calculated from a list price of $174,900 and a 25% down payment and do not include homeowners insurance which will vary greatly depending on the home characteristics and location.
Recent Home Sales near 1806 Pine Street
MLS# 1066678 Listing History
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Route 21 Downtown Melbourne Sunday
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Map of 1806 Pine Street Melbourne FL 32901
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