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Shalom McGoffin

Engel & Völkers

shalom.mcgoffin@engelvoelkers.com +1(321) 205-5704

$ 174,900

Est. payment -/mo

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1806 Pine ST Melbourne, FL 32901

2 Beds

1 Bath

774 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 774 sqft

Price per Sqft $225

Subdivision Wells Map No 3

MLS Listing ID 1066678

Bedrooms 2

Full Baths 1

HOA Y/N No

Total Fin. Sqft 774

Year Built 1926

Annual Tax Amount $1,596

Tax Year 2024

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Single Family Residence

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

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.

Location

State FL

County Brevard

Area 330 - Melbourne - Central

Direction off of 192

Interior

Heating Other

Cooling Other

Furnishings Unfurnished

Exterior

Exterior Feature ExteriorFeatures

Parking Features Other

Utilities Available Water Connected

Present Use Single Family

Garage No

Private Pool No

Building

Lot Description Other

Faces East

Story 1

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Harbor City

High Schools Melbourne

Others

Senior Community No

Tax ID 28-37-03-33-00011.0-0014.00

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)

Listed by Endless Summer Real Estate

Shalom McGoffin

Advisor | License ID: 3441320

+1(321) 205-5704

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