Listing Address:
1806 Pine Street, Melbourne, FL 32901
Active
Click the image for more photos
Price: $174,900
MLS # 1066678
Property Type: Residential
774 Total SqFt.
Beds: 2
774 Living SqFt.
Baths: 1.00
Year Built: 1926
This property is Active. Please contact us for similar properties.
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,
Property Listing Details for 1806 Pine Street, Melbourne, FL 32901
Exterior Features
Interior Features
Equipment / Appliances
Pool
Pool Description
Utilities
Water Connected
Additional Rooms
None
Waterfront
No
Parking
Other
Split Floorplan
HOA
HOA Dues
0.00
Construction
Frame
Floor
Exterior Finish
Roof Type
Fireplace
0
County
Brevard
Gated Community
Furnishings
Unfurnished
Home Warranty
Tax Year
2024
Tax Amount
1596.62
55+ Community
Subdivision
Listing Status
Active
Property Status
Home Style
Home View
Street
1806 Pine Street, Melbourne, 32901
Zip Code
D. Basile Real Estate, LLC lists and sells Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, 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.
This listing is courtesy of Endless Summer Real Estate. Property Listing Data contained within the D Basile Real Estate website is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
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