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.
Sold for $157,500
$157,500
2513 Lipscomb St, Melbourne, FL 32901
5beds
2,607sqft
Single Family Residence
Built in 1930
7,840.8 Square Feet Lot
$157,100 Zestimate®
$60/sqft
$3,543 Estimated rent
Home value
$157,100
$146,000 - $170,000
$3,543/mo
Zestimate® history
Owner options
List your home for rent
$3,543/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,543/mo
Rent Zestimate®
Refinance and save
$1,081/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,081/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Laura Auten 561-427-3923,
Elevate Realty LLC
Bought with:
Laura Auten, 3499523
Elevate Realty LLC
Source: Space Coast AOR,MLS#: 1070455
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Level: Main
- Area: 168
- Dimensions: 12.00 x 14.00
Kitchen
- Level: Main
- Area: 80
- Dimensions: 10.00 x 8.00
Living room
- Level: Main
- Area: 224
- Dimensions: 16.00 x 14.00
Heating
- Other
Cooling
- Other
Appliances
- Included: None
Features
- Has fireplace: No
Interior area
- Total interior livable area: 2,607 sqft
Property
Parking
- Parking features: Other
Features
- Stories: 1
Lot
- Size: 7,840 sqft
- Features: Other
Details
- Additional parcels included: 2825010
- Parcel number: 283711Fj00003.00012.01
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Other
- Utilities for property: Other
Community & neighborhood
Location
- Region: Melbourne
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $157,500-11.3%$60/sqft |
Source: Space Coast AOR #1070455 Report a problem | ||
| 4/13/2026 | Pending sale | $177,500$68/sqft |
Source: Space Coast AOR #1070455 Report a problem | ||
| 4/8/2026 | Price change | $177,500-5.3%$68/sqft |
Source:  Stellar MLS #A4684029 Report a problem | ||
| 3/16/2026 | Listing removed | $1,475$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/10/2026 | Listed for rent | $1,475$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2026 | Listing removed | $1,475-4.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2026 | Listed for sale | $187,500+110.7%$72/sqft |
Source: Space Coast AOR #1070455 Report a problem | ||
| 10/8/2025 | Price change | $1,550+5.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2025 | Listed for rent | $1,475$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/2/2023 | Listing removed | -- |
Source: Stellar MLS #T3459173 Report a problem | ||
| 7/25/2023 | Price change | $89,000+12.7%$34/sqft |
Source:  BeachesMLS #RX-10904430 Report a problem | ||
| 7/14/2023 | Listed for sale | $79,000+75.6%$30/sqft |
Source:  realMLS #1237333 Report a problem | ||
| 5/18/2022 | Sold | $45,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | -- |
| 2024 | -- | -- |
| 2023 | $647 -22.5% | $30,720 -42.6% |
| 2022 | $834 +16.9% | $53,480 +57.4% |
| 2021 | $713 -0.1% | $33,980 +0.4% |
| 2020 | $714 -6.4% | $33,830 -4.4% |
| 2019 | $763 | $35,370 +0.9% |
| 2018 | $763 +4% | $35,040 +20.9% |
| 2017 | $733 +8.9% | $28,980 +4.4% |
| 2016 | $674 -0.5% | $27,750 +11% |
| 2015 | $677 +15.4% | $25,000 +9.9% |
| 2014 | $587 | $22,750 +1.8% |
| 2013 | -- | $22,340 +24.8% |
| 2012 | $394 -5.2% | $17,900 -5.1% |
| 2011 | $415 -13.8% | $18,860 -21.9% |
| 2010 | $482 -14.9% | $24,140 -21.2% |
| 2009 | $566 -10.2% | $30,630 -12.7% |
| 2008 | $630 -26% | $35,100 -26.7% |
| 2007 | $852 +67.9% | $47,900 -10.7% |
| 2005 | $508 +42.4% | $53,620 +34.9% |
| 2004 | $356 +8.8% | $39,760 +31.1% |
| 2003 | $328 +1.3% | $30,330 +10.9% |
| 2002 | $323 +0.8% | $27,340 +5.2% |
| 2001 | $321 +2.3% | $26,000 +18.8% |
| 2000 | $314 | $21,880 |
Find assessor info on the county website
Neighborhood: 32901
Nearby schools
GreatSchools rating
- 4/10Harbor City Elementary SchoolGrades: PK-6Distance: 4.1 mi
- 3/10Stone Magnet Middle SchoolGrades: 7-8Distance: 0.5 mi
- 6/10Melbourne Senior High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Harbor City
- Middle: Stone
- High: Melbourne
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$157,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$157,100
- Florida
- Brevard County
- Melbourne
- 32901
- 2513 Lipscomb St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Melbourne Topics
