1806&1808 Pine Street, Melbourne, FL 32901

• 5 beds |
• 3 baths |
• 2,394 sqft

Property Description

INVESTOR SPECIAL!!! Nestled in the heart of central Melbourne and directly across from a lush local golf course, this historic home presents a rare, high-upside opportunity for investors and developers alike. Set on a generous .84-acre parcel with city water and sewer in place, the property offers flexibility to rehabilitate the existing residence or start fresh with new construction. The value multiplies with the option to further expand by adding a third property available for purchase to reach an impressive 1.26 acres—unlocking the ability to pursue R2 rezoning with a density allowance of up to six units per acre. Currently, zoning allows for an accessory dwelling unit of up to 600 square feet, attached or detached, and permits short-term rentals, creating immediate income potential. Located within a Qualified Opportunity Zone, this assemblage delivers substantial tax advantages, making it an exceptional canvas for redevelopment, income production, or long-term portfolio growth in one of Melbourne's most desirable corridors.

Listing Status:

Active

Date Added:

January 16, 2026 at 06:00AM

Listing Office:

Endless Summer Real Estate : 321-514-1660

Listing Agent:

Ryan Malone : 321-514-1660

MLS ID:

1066680

Interior

• A/C: Other
• Heating: Other

Exterior

• Parking: Other

Construction

• General: Frame1

Location

• Road/Access: Asphalt
• Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
• County: Brevard

Lot

• Zoning: HARBOR EAST SEC 1 LOT 1028-38-07-50-00000.0-0010.00
• Current Use: Residential

Utilities

• Utilities: Cable ConnectedElectricity Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Space Coast MLS (Space Coast Association of REALTORS®)

This listing courtesy of Ryan Malone, Endless Summer Real Estate