2513 Lipscomb St Melbourne, FL 32901
Estimated payment $1,076/month
Highlights
- No HOA
- West Facing Home
- 1-Story Property
- Living Room
About This Home
Prime Investment Opportunity in Melbourne!
This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.
Listing Agent
ELEVATE REALTY LLC Brokerage Phone: 561-427-3923 License #3499523 Listed on: 02/26/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,319
Year Built
- Built in 1930
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 47.25x125
- Dirt Road
- West Facing Home
- Property is zoned C1
Home Design
- Stucco
Interior Spaces
- 2,607 Sq Ft Home
- 1-Story Property
- Living Room
- Crawl Space
Bedrooms and Bathrooms
- 5 Bedrooms
Community Details
- No Home Owners Association
- Town/Hoparkins Subdivision
Listing and Financial Details
- Legal Lot and Block 12 / 3
- Assessor Parcel Number 28 3711-FJ-3-12.01
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 |
|---|---|---|---|---|
| 2023 | $647 | $30,720 | -- | -- |
| 2022 | $834 | $53,480 | $0 | $0 |
| 2021 | $713 | $33,980 | $1,500 | $32,480 |
| 2020 | $714 | $33,830 | $1,500 | $32,330 |
| 2019 | $763 | $35,370 | $1,500 | $33,870 |
| 2018 | $733 | $35,040 | $1,500 | $33,540 |
| 2017 | $674 | $28,980 | $1,500 | $27,480 |
| 2016 | $677 | $27,750 | $1,500 | $26,250 |
| 2015 | $638 | $25,000 | $1,500 | $23,500 |
| 2014 | $587 | $22,750 | $1,500 | $21,250 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $187,500 | -- | $72 / Sq Ft |
Source: Stellar MLS
MLS Number: A4684029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
- 2521 Pond St
- 0 Race St
- 2609 Pond St
- 2511 Bruce D Buggs St
- 2906-2908 Bruce D Buggs St
- 2906 Bruce D Buggs St
- 2908 Bruce D Buggs St
- 1310 Jernigan Ave
- 2847 Colbert Cir
- 2265 Livnats Ln
- 2285 Livnats Ln
- 2272 Livnats Ln
- 2292 Livnats Ln
- 2295 Livnats Ln
- 2275 Livnats Ln
- 2255 Livnats Ln
- 2245 Livnats Ln
- 2612 Riverview Dr
- 600 Burr St
- 2262 Livnats Ln
- 1002 Brothers Ave
- 1002 Brothers Ave
- 2421 Stone St Unit 105
- 2206 Irwin St
- 2716 Riverview Dr
- 1417 Powell Ave
- 519 Williams St
- 2240 Front St Unit 104
- 900 Camphor Way
- 311 Darrow Ave
- 409 E Melbourne Ave
- 1317 Baker Dr
- 3113 Wiley Ave Unit 73
- 3119 Wiley Ave Unit 74
- 325 E University Blvd
- 541 E Fee Ave
- 336 Waddell St Unit 150
- 2108 Bignonia St
- 100-210 E University Blvd
- 1704 Oak St
Ask me questions while you tour the home.