Barrett Spray
KELLER WILLIAMS ADVANTAGE REALTY
(689) 215-8180
362 Total Sales
2 in Melbourne
$366K - $430K Price Range
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.
Last Agent to Sell the Property
ELEVATE REALTY LLC Brokerage Phone: 561-427-3923 License #3499523 Listed on: 02/26/2026
Barrett Spray
KELLER WILLIAMS ADVANTAGE REALTY
(689) 215-8180
362 Total Sales
2 in Melbourne
$366K - $430K Price Range
Stacey Buchanan
Melbourne Realty, Inc.
(321) 405-1493
110 Total Sales
35 in Melbourne
$130K - $510K Price Range
Allison Roman
Real Broker LLC
(321) 638-5952
54 Total Sales
3 in Melbourne
$257K - $325K Price Range
Darlene Salmon
Brevard County Realty LLC
(321) 265-3618
78 Total Sales
8 in Melbourne
$230K - $740K Price Range
Dawn DiNoto
Real Broker, LLC
(951) 501-3926
100 Total Sales
8 in Melbourne
$127K - $495K Price Range
John Barreiros
Weichert REALTORS Hallmark Pro
(321) 635-0046
44 Total Sales
3 in Melbourne
$229K - $365K Price Range
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2026 06/05/26 | Sold | $157,500 | -11.3% | $60 / Sq Ft |
| 04/09/2026 04/09/26 | Pending | -- | -- | -- |
| 04/08/2026 04/08/26 | Price Changed | $177,500 | -5.3% | $68 / Sq Ft |
| 02/26/2026 02/26/26 | For Sale | $187,500 | -- | $72 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Seller's Agent in 2026
Laura Auten
ELEVATE REALTY LLC
(561) 427-3923
407 Total Sales
Buyer's Agent in 2026
Derek Hodge
SPECTRUM PROPERTY GROUP LLC
(407) 592-5306
116 Total Sales
Source: Stellar MLS
MLS Number: A4684029
Ask me questions while you tour the home.