$369,000
Melbourne, FL 32935
MLS# 1077294
3 beds | 2 baths
1 / 32
Property Description
Investor Alert! Rare opportunity to own a prime double lot totaling 0.42 acres in one of Melbourne's most desirable riverfront neighborhoods. This property is a complete renovation or teardown and is being sold for land value and location. The existing home needs substantial work and is ideal for builders, investors, or buyers looking to create a custom dream home. Surrounded by beautiful properties and located just one lot away from the river, this oversized homesite offers incredible potential. Build a two-story home and enjoy the possibility of water views from a balcony or upper level living area. The neighborhood itself is the true gem, offering surroundings, mature landscaping, and endless possibilities for redevelopment. Opportunities like this on oversized lots near the river are becoming harder to find. Bring your vision and transform this property into something spectacular.
Details
Maps
Currently Not Used
Homestead YN: Yes
Location, Tax, and Legal
Tax Account: 2725415
Parcel Number: 27-37-22-Em-00016.0-0019.00
General County Location: South
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 1182.25
Tax Year: 2025
Tax Legal Description: LOVERIDGE HEIGHTS SUBD LOTS 19,20 BLK 16
Directions: From US-1, head east on Eau Gallie Blvd. Turn left onto S Tropical Trail, then right onto Coral Dr. Property is located at 255 Coral Dr, Melbourne, FL 32935.
General Property Information
Bathrooms Half: 0
Living Area: 1588
Living Area Source: Public Records
Lot Size Acres: 0.42
Lot Size Square Feet: 18295
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 232.37
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: Investor Alert! Rare opportunity to own a prime double lot totaling 0.42 acres in one of Melbourne's most desirable riverfront neighborhoods. This property is a complete renovation or teardown and is being sold for land value and location. The existing home needs substantial work and is ideal for builders, investors, or buyers looking to create a custom dream home.
Surrounded by beautiful properties and located just one lot away from the river, this oversized homesite offers incredible potential. Build a two-story home and enjoy the possibility of water views from a balcony or upper level living area. The neighborhood itself is the true gem, offering surroundings, mature landscaping, and endless possibilities for redevelopment.
Opportunities like this on oversized lots near the river are becoming harder to find. Bring your vision and transform this property into something spectacular.
Appliances
None: 1
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Residential: 1
Single Family: 1
DPR Eligible
DPR Eligible: Yes
Fencing
Wood: 1
Flooring
Other: 1
Heating
Central: 1
Electric: 1
Legal Details
Permission Granted to Advertise: Yes
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Cul-De-Sac: 1
Parking Features
Garage: 1
Garage Door Opener: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Probate Listing: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Showing Service: 1
Contract Information
Current Price: $369,000
Original List Price: 369000
List Price: $369,000
Status: Active
Listing Contract Date: 2026-05-14
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 255
Street Name: Coral
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Loveridge Heights Subd
Status Change Information
Major Change Timestamp: 2026-05-14T13:35:25Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-14
Property Features
Appliances: None
Construction Materials: Concrete; Stucco
Cooling: Central Air; Electric
Current Use: Residential; Single Family
Fencing: Wood
Flooring: Other
Heating: Central; Electric
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Cul-De-Sac
Parking Features: Garage; Garage Door Opener
Possession: Close Of Escrow
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Probate Listing
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: Denovo Realty
Last Updated: May - 15 - 2026
Information is deemed to be reliable, but is not guaranteed.