$1,495,000
Melbourne, FL 32901
MLS# 1043978
2 beds | 1 baths
1 / 48
Property Description
This property offers the perfect opportunity for a downtown Airbnb, already partially remodeled with key upgrades including new ductwork, electrical, flooring, walls, ceilings, lighting, and fixtures. With its prime location and modern touches already in place, this gem is just waiting for the final finishing touches to make it a standout investment. Currently improved with a single-family residence constructed in 1926, the existing structure comprises approximately 1,400 square feet with 2 bedrooms and 1 bathroom. While the home remains intact, the highest and best use of the property is as a premier development site. The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use.
Details
Maps
Location, Tax, and Legal
Tax Account: 2818289
Parcel Number: 28-37-03-82-00046.0-0012.00
General County Location: South
Elementary School: University Park
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 3437.23
Tax Year: 2024
Tax Legal Description: POWELLS & HENLEYS RESUBD LOTS 12,13 BLK 46
Directions: From Melbourne Ave, head north on Vernon Place, the home/development site will be on the left
General Property Information
Bathrooms Half: 0
Living Area: 1340
Living Area Source: Public Records
Lot Size Acres: 0.36
Lot Size Dimensions: 125x127
Lot Size Square Feet: 15682
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Furnished: Partially
Stories: 2
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 1115.67
Bedrooms Total: 2
Bathrooms Total: 1
Bathrooms Full: 1
Year Built: 1926
Remarks and Miscellaneous
Public Remarks: This property offers the perfect opportunity for a downtown Airbnb, already partially remodeled with key upgrades including new ductwork, electrical, flooring, walls, ceilings, lighting, and fixtures. With its prime location and modern touches already in place, this gem is just waiting for the final finishing touches to make it a standout investment.
Currently improved with a single-family residence constructed in 1926, the existing structure comprises approximately 1,400 square feet with 2 bedrooms and 1 bathroom. While the home remains intact, the highest and best use of the property is as a premier development site.
The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use.
Appliances
Other: 1
Architectural Style
Traditional: 1
Closing Company Details
Closing Company Name: LIZ CASELLA - ALLIANCE TITLE
Closing Company Address: 10 S HARBOR CITY BLVD
Construction Materials
Frame: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Multi-Family: 1
Residential: 1
DPR Eligible
DPR Eligible: No
Electric
150 Amp Service: 1
Fencing
Back Yard: 1
Wood: 1
Heating
Central: 1
Legal Details
Permission Granted to Advertise: No
Listing Terms
Cash: 1
Lot Features
Zero Lot Line: 1
Parking Features
Other: 1
Patio And Porch Features
Front Porch: 1
Side Porch: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Security Features
Other: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
View
City: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Rental Restrictions
No Minimum: 1
Contract Information
Current Price: $1,495,000
Original List Price: 1495000
List Price: $1,495,000
Status: Active
Listing Contract Date: 2025-04-23
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 2106
Street Name: Vernon
Street Suffix: Place
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Powells and Henleys Resubd
Status Change Information
Major Change Timestamp: 2025-04-23T12:44:10Z
Major Change Type: New Listing
Status Change Timestamp: 2025-04-23
Property Features
Appliances: Other
Architectural Style: Traditional
Construction Materials: Frame
Cooling: Central Air
Current Use: Commercial; Multi-Family; Residential
Electric: 150 Amp Service
Fencing: Back Yard; Wood
Heating: Central
Listing Terms: Cash
Lot Features: Zero Lot Line
Parking Features: Other
Patio And Porch Features: Front Porch; Side Porch
Possession: Close Of Escrow
Rental Restrictions: No Minimum
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Security Features: Other
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: Standard
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
Supplements
The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use.
The property is located within a highly walkable, amenity-rich environment surrounded by upscale retail, popular dining establishments, and recently completed mixed-use developments all contributing to sustained pedestrian traffic and urban vitality.
Strategically located just three miles from the Melbourne Orlando International Airport currently undergoing a multi-million-dollar terminal and runway expansion the site benefits from its proximity to major infrastructure investments. Additionally, surrounding developments such as the new Margaritaville resort and multiple luxury residential projects within a two-mile radius further underscore the area's momentum and long-term growth prospects.
The site also includes a 15-foot-wide service alley that provides continuous access between Vernon Place and Waverly Place. This through-access enhances logistical efficiency for future loading, service vehicles, and other back-of-house functions, increasing the development's operational flexibility.
This offering represents more than just a redevelopment opportunityit is a pivotal investment in the future of Downtown Melbourne, serving as a potential cornerstone within the broader transformation of the Space Coast's most vibrant commercial and residential corridor.
Listing Office: One Sotheby's International
Last Updated: September - 23 - 2025
Information is deemed to be reliable, but is not guaranteed.