2179 Pineapple Ave Melbourne, FL 32935
Estimated payment $11,202/month
Total Views
4,349
10
Beds
10
Baths
4,185
Sq Ft
$454
Price per Sq Ft
Highlights
- Property fronts an intracoastal waterway
- Furnished
- Multiple cooling system units
- 0.5 Acre Lot
- No HOA
- Central Heating
About This Home
Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,970
Year Built
- Built in 1958
Lot Details
- 0.5 Acre Lot
- Property fronts an intracoastal waterway
- West Facing Home
- Wood Fence
Parking
- 2 Car Garage
- Assigned Parking
Home Design
- Frame Construction
- Shingle Roof
- Block Exterior
- Vinyl Siding
Interior Spaces
- 4,185 Sq Ft Home
- 2-Story Property
- Furnished
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Full Bathrooms
Schools
- Creel Elementary School
- Johnson Middle School
- Eau Gallie High School
Utilities
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
- Central Heating
- Cable TV Available
Community Details
- No Home Owners Association
- Eau Gallie Village Plat Of Subdivision
Listing and Financial Details
- Assessor Parcel Number 27-37-16-25-0000a.0-0022.00
Map
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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 | $17,805 | $924,000 | -- | -- |
| 2024 | $18,443 | $997,200 | -- | -- |
| 2023 | $18,443 | $1,022,410 | -- | -- |
| 2022 | $19,620 | $1,435,190 | $0 | $0 |
| 2021 | $15,664 | $869,480 | $224,530 | $644,950 |
| 2020 | $15,597 | $828,400 | $224,530 | $603,870 |
| 2019 | $14,830 | $756,400 | $224,530 | $531,870 |
| 2018 | $15,007 | $750,000 | $0 | $750,000 |
| 2017 | $15,412 | $750,000 | $0 | $750,000 |
| 2016 | $2,377 | $184,930 | $184,930 | $0 |
| 2015 | $2,381 | $171,730 | $171,730 | $0 |
| 2014 | $2,276 | $150,540 | $150,540 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/12/2026 02/12/26 | For Sale | $1,900,000 | +111.1% | $454 / Sq Ft | |
| 04/08/2016 04/08/16 | Sold | $900,000 | -18.2% | $201 / Sq Ft | View Prior Sale |
| 01/07/2016 01/07/16 | Pending | -- | -- | -- | |
| 01/03/2015 01/03/15 | For Sale | $1,100,000 | -- | $245 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | Aurora Title | |
| Warranty Deed | -- | Aurora Title |
Source: Public Records
About the Listing Agent
When it comes to buying or selling a home, you have choices. The Engle Group of Brevard, brokered by ReMAx Solutions, is your local real estate expert in the Suntree-Viera area on the Space Coast of Florida. Whether looking to find a home or determine your house value in Brevard County, they are here to help!
The Engle Group of Brevard is growing their team of expert agents! They have agents to help you sell your home in Brevard, Florida, or across the country. The Engle Group is your
Jason's Other Listings
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1069215
APN: 27-37-16-25-0000A.0-0022.00
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Information is deemed reliable but not guaranteed.
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