$289,000
Melbourne, FL 32935
MLS# 1077763
3 beds | 2 baths
1 / 38
Property Description
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; however, the roof was installed without permits. The property also contains aluminum wiring and will require updating and improvements throughout, making it best suited for cash purchasers. 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.
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $289,000
Original List Price: 299000
List Price: $289,000
Status: Active
Listing Contract Date: 2026-05-19
Property Sub Type: Single Family Residence
Currently Not Used
Homestead YN: Yes
Location, Tax, and Legal
Tax Account: 2721729
Parcel Number: 27-37-19-53-00002.0-0015.00
General County Location: South
Elementary School: Roy Allen
Middle School: Central
High School: Eau Gallie
Tax Annual Amount: 1021.73
Tax Year: 2025
Tax Legal Description: FOUNTAINHEAD UNIT 2 LOT 15 BLK 2
Directions: Sarno to North Wickham to Fountain Head, to Lyon, Right on Rouen, Left on Louvre
General Property Information
Bathrooms Half: 0
Living Area: 1067
Living Area Source: Public Records
Lot Size Acres: 0.18
Lot Size Square Feet: 7841
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 1
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
Entry Level: 1
Direction Faces: East
Pool Private YN: Yes
List Price/SqFt: 270.85
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1971
Remarks and Miscellaneous
Public Remarks: 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; however, the roof was installed without permits. The property also contains aluminum wiring and will require updating and improvements throughout, making it best suited for cash purchasers. 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.
Appliances
Electric Water Heater: 1
Microwave: 1
Architectural Style
Ranch: 1
Closing Company Details
Closing Company Name: Supreme Title
Closing Company Address: 125 W New Haven Ave, Melbourne, FL 32901
Construction Materials
Concrete: 1
Vinyl Siding: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Residential: 1
Single Family: 1
DPR Eligible
DPR Eligible: Yes
Fencing
Vinyl: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Electric: 1
Interior Features
Ceiling Fan(s): 1
Eat-in Kitchen: 1
Primary Bathroom - Shower No Tub: 1
Split Bedrooms: 1
Laundry Features
In Garage: 1
Legal Details
Permission Granted to Advertise: No
Listing Terms
Cash: 1
Lot Features
Drainage Canal: 1
Parking Features
Garage: 1
Patio And Porch Features
Patio: 1
Screened: 1
Pool Features
In Ground: 1
Screen Enclosure: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Canal: 1
Other: 1
Water Source
Public: 1
Property Condition
Fixer: 1
Community Features
Sidewalks: 1
Location Tax and Legal
Street Number: 586
Street Name: Louvre
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Fountainhead Unit 2
Status Change Information
Major Change Timestamp: 2026-06-12T11:17:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-12T11:17:22Z
Status Change Timestamp: 2026-05-20
Property Features
Appliances: Electric Water Heater; Microwave
Architectural Style: Ranch
Construction Materials: Concrete; Vinyl Siding
Cooling: Central Air; Electric
Current Use: Residential; Single Family
Fencing: Vinyl
Flooring: Carpet; Tile
Heating: Central; Electric
Interior Features: Ceiling Fan(s); Eat-in Kitchen; Primary Bathroom - Shower No Tub; Split Bedrooms
Laundry Features: In Garage
Listing Terms: Cash
Lot Features: Drainage Canal
Parking Features: Garage
Patio And Porch Features: Patio; Screened
Pool Features: In Ground; Screen Enclosure
Possession: Close Of Escrow
Property Condition: Fixer
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Electricity Connected; Sewer Connected; Water Connected
View: Canal; Other
Water Source: Public
Community Features: Sidewalks
Listing Office: One Sotheby's International
Last Updated: June - 12 - 2026
Information is deemed to be reliable, but is not guaranteed.