$499,900
Melbourne Beach, FL 32951
MLS# 1086848
Status: Pending
3 beds | 2 baths | 1256 sqft
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Property Description
Rare Melbourne Bch opportunity under $500K! Priced as-is for an investor to restore it's 'Old Florida' charm OR a tear-down/new build (like the new home building next door!) 3/2/2 Block Home, Unbeatable LOCATION, this 1/3 acre corner lot-1.5 miles south of US192 sits in one the most desirable pockets on the barrier island. There are $1M -$5M homes in all directions of this little gem. 4-block walk to the glorious beaches of Brevard. Drive your golf cart to local favorites: Rykman, Ocean Ave or Orlando parks - Melb Bch pier for the sunset OR the BEST DINING in the county! Local library, pharmacy, markets, public tennis, pickleball, basketball courts & county golfing is close by. Need more incentive? 1) ZONED FOR A-RATED SCHOOLS 2) NO HOA 3) NO CDD 4) NOT IN A FLOOD ZONE 5) CITY WATER/SEWER 6) THIS AREA ALLOWS AIRBNBs. 7)BOAT/RV CAN BE PARKED ON PROPERTY HIDDEN BEHIND FENCE 8) PUBLIC BOAT RAMP/LAUNCH IS FIVE MINS SOUTH 9) CATCH ROCKET LAUNCHES FROM YOUR YARD 10) TWO WORDS-MELBOURNE BEACH
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $499,900
Original List Price: 499900
List Price: $499,900
Status: Pending
Listing Contract Date: 2026-09-04
Property Sub Type: Single Family Residence
Currently Not Used
Homestead YN: Yes
Location, Tax, and Legal
Tax Account: 2847015
Parcel Number: 28-38-06-75-00002.0-0016.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 6895.36
Tax Year: 2025
Tax Legal Description: ISLAND SHORES OF MELBOURNE BEACH LOT 16 BLK 2
Zoning Description: Residential
Flood Zone: X
Directions: 192 EAST to Indialantic. Turn right on Riverside Drive, 1 mile south, turn onto Hibiscus Trail, .5 mile to corner with Shannon. 202 on the left.
General Property Information
Accessory Dwelling Unit Y/N: No
Bathrooms Half: 0
Living Area: 1256
Living Area Source: Public Records
Building Area Total: 1256
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 398.01
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1957
Remarks and Miscellaneous
Public Remarks: Rare Melbourne Bch opportunity under $500K! Priced as-is for an investor to restore it's 'Old Florida' charm OR a tear-down/new build (like the new home building next door!) 3/2/2 Block Home, Unbeatable LOCATION, this 1/3 acre corner lot-1.5 miles south of US192 sits in one the most desirable pockets on the barrier island. There are $1M -$5M homes in all directions of this little gem. 4-block walk to the glorious beaches of Brevard. Drive your golf cart to local favorites: Rykman, Ocean Ave or Orlando parks - Melb Bch pier for the sunset OR the BEST DINING in the county! Local library, pharmacy, markets, public tennis, pickleball, basketball courts & county golfing is close by. Need more incentive? 1) ZONED FOR A-RATED SCHOOLS 2) NO HOA 3) NO CDD 4) NOT IN A FLOOD ZONE 5) CITY WATER/SEWER 6) THIS AREA ALLOWS AIRBNBs. 7)BOAT/RV CAN BE PARKED ON PROPERTY HIDDEN BEHIND FENCE 8) PUBLIC BOAT RAMP/LAUNCH IS FIVE MINS SOUTH 9) CATCH ROCKET LAUNCHES FROM YOUR YARD 10) TWO WORDS-MELBOURNE BEACH
Appliances
Dishwasher: 1
Electric Cooktop: 1
Electric Oven: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Architectural Style
Ranch: 1
Closing Company Details
Closing Company Name: Supreme Title Closings
Closing Company Address: 125 W New Haven Avenue Melbourne, Fl 32901
Construction Materials
Block: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Residential: 1
DPR Eligible
DPR Eligible: Yes
Electric
150 Amp Service: 1
Fencing
Wood: 1
Flooring
Wood: 1
Heating
Central: 1
Electric: 1
Interior Features
Ceiling Fan(s): 1
Eat-in Kitchen: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Corner Lot: 1
Easement Access: 1
Parking Features
Attached: 1
Garage: 1
Patio And Porch Features
Rear Porch: 1
Screened: 1
Pets Allowed
Yes: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Combination Lock Box: 1
Property Condition
Fixer: 1
Rental Restrictions
No Minimum: 1
Location Tax and Legal
Street Number: 202
Street Name: Shannon
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384 - Indialantic/Melbourne Beach
Subdivision Name: Island Shores of Melbourne Beach
Status Change Information
Major Change Timestamp: 2026-09-07T00:50:30Z
Major Change Type: Status Change
Status Change Timestamp: 2026-09-06
Purchase Contract Date: 2026-09-06
Property Features
Appliances: Dishwasher; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator
Architectural Style: Ranch
Construction Materials: Block
Cooling: Central Air
Current Use: Residential
Electric: 150 Amp Service
Fencing: Wood
Flooring: Wood
Heating: Central; Electric
Interior Features: Ceiling Fan(s); Eat-in Kitchen
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Cleared; Corner Lot; Easement Access
Parking Features: Attached; Garage
Patio And Porch Features: Rear Porch; Screened
Pets Allowed: Yes
Possession: Close Of Escrow
Property Condition: Fixer
Rental Restrictions: No Minimum
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Combination Lock Box
Special Listing Conditions: Standard
Utilities: Cable Available; Sewer Connected; Water Connected
Water Source: Public
Listing Office: RE/MAX Alternative Realty
Last Updated: September - 07 - 2026
Information is deemed to be reliable, but is not guaranteed.