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Magnolia Park Multifamily Home for Sale

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    $569,900

    • 5 Beds
    • 4 Baths
    • 2,118 Sq Ft

    1620 Peachtree St, Melbourne, FL 32901

    NEW Roof before closing! Highly desirable triplex with long term tenants in the heart of Melbourne! This property consists of a 3 bed, 2 bath unit in the front. 1 bed, 1 bath unit in the middle, and a 1 bed, 1 bath unit in the back. Each unit has its own washer and dryer hookup. Two units have new water heaters. Turn key investment with plenty of growth available! The area is growing with already

    Justin Luke Blue Marlin Real Estate

    1620 Peachtree St, Melbourne, FL 32901

Why Live in Magnolia Park

Two miles west of downtown Melbourne, suburban Magnolia Park offers lower-priced single-family homes near parks, schools and local businesses. "It is much more affordable to live in this area compared to major cities like Orlando, Miami and Tampa," says Alisabet Valdes, a Realtor with Arium Real Estate, LLC, who has over a year of experience. "You have local events and beautiful parks, and you can enjoy the beach anytime." The area's packed with shopping and dining, and there's convenient access to thoroughfares and bus stops. "It is a very ideal location," Valdes says. "It's like a happy meal — you get the peace and quiet, and you get the beach." Magnolia Park's ranch-style homes are generally from the mid 20th century through today, shaded in coastal colors with attached garages or carports. Older homes have features like horizontal siding, full-width porches and board-and-batten shutters, while newer homes have stucco facades, covered entryways and clean, symmetrical lines. Most houses are under 2,000 square feet; their lawns are dotted with mature trees, flowering bushes and traditional mailboxes. Prices range from $200,000 to $500,000, depending on a home's size, features and

Home Trends in Magnolia Park, FL

Housing Trends

Median Sale Price
$330,000
Median Single Family Sale Price
$327,450
Average Price Per Sq Ft
$229
Number of Homes for Sale
8
Last 12 months Home Sales
26
Months of Supply
3.70
Median List Price
$339,950
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
31%
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