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.
Essential Information
Year Built: 1926
Price: $1,495,000
Property Type: Residential
Area: 1,340 sqft.
Country: USA
City: Melbourne
Bedrooms: 2
Bathrooms: 1.00
Additional Property Info
Community Fees: No
Construction: Frame
Cooling: Central Air
Dwelling View: City
Equipment/Appliances: Other
Furnished: Partially
Heat: Central
List Price/SqFt: $1,115.67 / sqft
Listing ID: 1043978
Listing Status: Active
Lot Description: Zero Lot Line
Lot Dimensions: 125x127
Lot SqFt: 15,682 sqft
Parking: Other
Pool: No
Possession: Close Of Escrow
Private Pool: No
Property Type: Residential
Rental Restrictions: No Minimum
Residential Sub-Type: Single Family Residence
Road Surface: Asphalt
Roof: Shingle
Security/Safety: Other
Showing: Appointment Only,Call Listing Agent
Sold Terms Code: Cash
SqFt - Living: 1,340 sqft
State/Province: FL
Status: Active
Status Change Date: Wednesday, December 31st, 2025