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
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 | ||
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
$157,000
