ActiveSingle Family Residence

511 E Melbourne Avenue E, Melbourne, FL 32901

Melbourne, FL 32901 · MLS #1087368

Offered at$650,000 Save property

5Bedrooms

2Bathrooms

1,886Sq. Ft.

1954Year built

The residence

About this property

Direct waterfront property on scenic Crane Creek in the heart of Downtown Melbourne. This 1/2+ acre homesite is zoned R-3, offers public water & sewer, detached 800 sq/ft concrete block garage, navigable small-boat access to the Indian River Lagoon and the potential for a private dock (buyer to verify requirements). The existing 1,886 sq/ft residence is in need of substantial renovation and is being offered primarily for land value. Located just one block from Downtown Melbourne's restaurants, shopping, entertainment, and waterfront amenities, this property presents endless possibilities for a private estate, luxury waterfront residence, or future investment opportunity. Enjoy expansive water views, privacy, mature trees, and a truly irreplaceable location along Crane Creek. Bring your vision and create something extraordinary.

At a glance

Property details

Property type: Single Family Residence
Listing type: For sale
Status: Active
Bedrooms: 5
Bathrooms: 2
Living area: 1,886 sq. ft.
Year built: 1954
Lot size: 26,572 sq. ft.
Subdivision: Hallwood Place
County: Brevard
Original list price: $650,000
Listing date: September 11, 2026
Annual property tax: $6,899 (2025)
Listing agent: Jon Feshan
Listing office: Home Wise Realty Group, Inc.
MLS number: 1087368

Neighborhood & location

Explore Hallwood Place

SubdivisionHallwood Place

CityMelbourne

CountyBrevard

ZIP code32901

Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.

Property location511 E Melbourne Avenue E, Melbourne, FL 32901Open directions

Schools

School information

Elementary school: University Park
Middle school: Hoover
High school: Melbourne
School district: Brevard Public Schools

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Plan your purchase

Mortgage calculator

Estimated monthly payment$4,187

Home price $650,000Down payment (%)Interest rate (%)Loan termAnnual property taxes ($)Annual homeowners insurance ($)Monthly HOA ($)

Principal & interest: $3,287
Property taxes: $575
Homeowners insurance: $325
Estimated total: $4,187

Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.

Continue your search

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Listing courtesy of Home Wise Realty Group, Inc., 407-712-2000.

Data provided by Space Coast MLS. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.