255 Coral Drive, Melbourne, FL 32935
- $290,000
- 3
- BD
- 2
- BA
- 1,588
- SqFt
- Sold Price
- $290,000
- List Price
- $319,900
- Status
- CLOSED
- Days on Market
- 90
- Closing Date
- Aug 12, 2026
- MLS#
- 1077294
- Subtype
- Residential
- Year Built
- 1950
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,588
- Lot Size
- 18,295
- Acres
- 0.42
- Subdivision
- Loveridge Heights Subd
- MLS Area Major
- Eau Gallie
Property Description
Investor Alert! Rare opportunity to own a prime double lot totaling 0.42 acres in one of Melbourne's most desirable riverfront neighborhoods. This property is a complete renovation or teardown and is being sold for land value and location. The existing home needs substantial work and is ideal for builders, investors, or buyers looking to create a custom dream home. Surrounded by beautiful properties and located just one lot away from the river, this oversized homesite offers incredible potential. Build a two-story home and enjoy the possibility of water views from a balcony or upper level living area. The neighborhood itself is the true gem, offering surroundings, mature landscaping, and endless possibilities for redevelopment. Opportunities like this on oversized lots near the river are becoming harder to find. Bring your vision and transform this property into something spectacular.
Additional Information
- Financing
- Cash, Conventional
- Appliances
- None
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Exterior Construction
- Concrete, Stucco
- Stories
- 1
- Parking
- Garage, Garage Door Opener
- Garage Spaces
- 2
- Elementary School
- Harbor City
- Middle School
- Hoover
- High School
- Melbourne
Courtesy of Denovo Realty
Selling Office: Denovo Realty.