1806 Pine St Melbourne, FL 32901
Estimated payment $1,041/month
Highlights
- 0.42 Acre Lot
- Cooling Available
- Heating Available
- No HOA
- East Facing Home
- 5-minute walk to Fee Avenue Playground
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 growth in one of Melbourne's most desirable corridors.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,597
Year Built
- Built in 1926
Lot Details
- 0.42 Acre Lot
- East Facing Home
Home Design
- Frame Construction
Interior Spaces
- 774 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Harbor City Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- Wells Map No 3 Subdivision
Listing and Financial Details
- Assessor Parcel Number 28-37-03-33-00011.0-0014.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,432 | $104,530 | -- | -- |
| 2024 | $1,386 | $95,270 | -- | -- |
| 2023 | $1,386 | $96,360 | -- | -- |
| 2022 | $1,245 | $92,740 | $0 | $0 |
| 2021 | $989 | $49,300 | $35,000 | $14,300 |
| 2020 | $837 | $48,220 | $35,000 | $13,220 |
| 2019 | $817 | $47,400 | $32,500 | $14,900 |
| 2018 | $775 | $44,370 | $27,500 | $16,870 |
| 2017 | $729 | $39,900 | $27,500 | $12,400 |
| 2016 | $702 | $35,900 | $24,500 | $11,400 |
| 2015 | $683 | $24,920 | $24,920 | $0 |
| 2014 | $611 | $20,880 | $20,210 | $670 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2026 01/30/26 | Pending | -- | -- | -- |
| 01/16/2026 01/16/26 | For Sale | $174,900 | -- | $226 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | None Listed On Document | |
| Personal Reps Deed | $100 | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $42,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $134,000 | Seller Take Back | |
| Previous Owner | $40,000 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1066678
APN: 28-37-03-33-00011.0-0014.00
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