Opportunity awaits in this 3-bedroom, 2-bath pool home located in an established Melbourne community with an elementary school conveniently situated at the back of the subdivision. Situated at 586 Louvre Drive, this property offers tremendous potential for an investor, flipper, or cash buyer looking to create value. The home features a private pool and spa, spacious layout, and a newer roof. With great bones, desirable location, and strong upside potential, this could be the perfect project for someone ready to transform it into a standout home or investment property.
For sale
Price cut: $10K (6/15)
$279,000
586 Louvre Dr, Melbourne, FL 32935
3beds
1,067sqft
Single Family Residence
Built in 1971
7,840 Square Feet Lot
$270,000 Zestimate®
$261/sqft
$-- HOA
What's special
Private pool and spaNewer roofSpacious layout
- 36 days |
- 2,186 |
- 147 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cindy Walker 321-505-3085,
One Sotheby's International
Source: Space Coast AOR,MLS#: 1077763
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Microwave
- Laundry: In Garage
Features
- Ceiling Fan(s), Eat-in Kitchen, Primary Bathroom - Shower No Tub, Split Bedrooms
- Flooring: Carpet, Tile
- Has fireplace: No
Interior area
- Total interior livable area: 1,067 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Stories: 1
- Patio & porch: Patio, Screened
- Has private pool: Yes
- Pool features: In Ground, Screen Enclosure
- Fencing: Vinyl
- Has view: Yes
- View description: Canal, Other
- Has water view: Yes
- Water view: Canal
Lot
- Size: 7,840 Square Feet
- Features: Drainage Canal
Details
- Additional parcels included: 2721729
- Parcel number: 2737195300002.00015.00
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Concrete, Vinyl Siding
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Fountainhead Unit 2
HOA
- Has HOA: No
Location
- Region: Melbourne
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $217,980
- Annual tax amount: $1,021
- Date on market: 5/20/2026
- Listing terms: Cash
- Road surface type: Asphalt
Estimated market value
$270,000
$257,000 - $284,000
$2,280/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $279,000-3.5%$261/sqft |
Source: Space Coast AOR #1077763 Report a problem | ||
| 6/12/2026 | Price change | $289,000-1.7%$271/sqft |
Source: Space Coast AOR #1077763 Report a problem | ||
| 6/2/2026 | Price change | $294,000-1.7%$276/sqft |
Source: Space Coast AOR #1077763 Report a problem | ||
| 5/20/2026 | Listed for sale | $299,000$280/sqft |
Source: Space Coast AOR #1077763 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,022 +6.1% | $92,740 +2.9% |
| 2024 | $963 +4.2% | $90,130 +3% |
| 2023 | $925 +9.9% | $87,510 +3% |
| 2022 | $842 +1.1% | $84,970 +3% |
| 2021 | $833 +1.8% | $82,500 +1.4% |
| 2020 | $818 +1.1% | $81,370 +2.3% |
| 2019 | $809 | $79,550 +1.9% |
| 2018 | $809 +1.4% | $78,070 +2.1% |
| 2017 | $798 +1.2% | $76,470 +2.1% |
| 2016 | $788 -0.9% | $74,900 +0.7% |
| 2015 | $795 -1.7% | $74,380 +0.8% |
| 2014 | $809 | $73,790 -1.1% |
| 2013 | -- | $74,640 +4.4% |
| 2012 | $724 -3.6% | $71,490 -4.3% |
| 2011 | $751 -12.2% | $74,710 -10.3% |
| 2010 | $855 +9.4% | $83,270 -15.3% |
| 2009 | $782 +2.5% | $98,260 -23% |
| 2008 | $763 -21.2% | $127,600 -14.7% |
| 2007 | $968 +2.5% | $149,600 +29% |
| 2005 | $945 -0.7% | $115,940 +34% |
| 2004 | $952 -0.5% | $86,510 +5.1% |
| 2003 | $956 +5.1% | $82,290 +5% |
| 2002 | $910 +3.3% | $78,370 +12.6% |
| 2001 | $881 -2.8% | $69,570 +48.2% |
| 2000 | $906 | $46,940 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32935
Nearby schools
GreatSchools rating
- 4/10Roy Allen Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 5/10Central Middle SchoolGrades: 7-8Distance: 3.8 mi
- 4/10Eau Gallie High SchoolGrades: PK,9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Roy Allen
- Middle: Central
- High: Eau Gallie
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Brevard County
- Melbourne
- 32935
- 586 Louvre Dr
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