Located just 1.5 blocks to the ocean and 3 blocks to Ocean Avenue, this property is situated in an ideal location and boasts a .59 acre homesite. The options include maintaining it as an Income-producing property with tenants already in place--start generating returns from day one. Option two, live in one unit and rent the other (tenants are month to month). Option 3, the highest use, build a true custom home on a hard to find .59 acre lot! Currently, there is a 3-bedroom, 2-bath home offering approximately 1,552 square feet of living space and additionally a 1 bedroom cottage. The property presents strong upside potential for investors looking to enhance value over time, whether as a long-term rental or future renovation project. This home is Being sold as-is. Tenant occupied. Showings by appointment only.

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Melbourne Beach is located in Florida. Melbourne Beach, Florida has a population of 3,219. Melbourne Beach is more family-centric than the surrounding county with 30.01% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Melbourne Beach, Florida is $69,896. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Melbourne Beach is 53.4 years.
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 50.5 degrees. The average rainfall is approximately 53.4 inches per year, with 0 inches of snow per year.