About This Property
Description from listing agentPARTIALLY COMPLETED 6-BEDROOM NEW BUILD - IDEAL FOR MULTI-GENERATIONAL LIVING, RESIDENTIAL CARE USE, STUDENT HOUSING Investment Opportunity in Melbourne, FL - Partially Completed Build with Major Upside. Originally permitted in 2016 as a new construction project, this half-finished home offers a head start for investors or builders ready to bring it to completion. Only the interior finishes need to be done. Situated on a 0.20-acre lot at the end of a quiet dead-end street with city water and sewer, the exterior is finished with a solid roof while the interior is fully opened, framed, and cleaned for efficient build-out. The spacious layout and multiple baths make it ideal for resale, rental, assisted living, Student rental, home-care, or similar residential care use. A rare 4-car garage adds value, with one 2-car bay convertible into additional bedrooms or care rooms. Strong structure, open canvas, serious potential.
Space Coast Context
🚀 Launch Viewing — Good Views
34 mi from SLC-40
34 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.
Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Price History
- 7/10/26Price change$225K -0.4%$106/sqft
Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
Get DirectionsAdditional Details
Schools
Elementary
Harbor City
Middle School
Stone
High School
Melbourne
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $1,185
- Property taxes
- $225
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $225K price — down payment shown: $45,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
