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2513 LIPSCOMB ST,  MELBOURNE, FL 32901

MLS# A4684029.  5 beds.  4.5 baths.  Single Family Home.  Active

$1,319 in taxes (2025)

$177,500

 

Remarks:

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1, 475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

Quick Info:

  • Listing is courtesy Of: ELEVATE REALTY LLC ((561-427-3923))
  • Listing Agent: Laura Auten ((561-427-3923))
  • Days on yellowkey: 45
  • Property Type: Single Family Home
  • Beds: 5
  • Baths: 4.5
  • Living Area Square Feet: 2607
  • Built 1930
  • Taxes: $1,319 (2025)
  • Garage Spaces: ()
  • Square Feet: 2607
  • Fees: $0
  • Brevard County
  • Terms: Cash, Conventional, VA Loan
  • Subdivision Info:
  • Occupancy Information: Tenant
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  • Subdivision Name: TOWN/HOPARKINS
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
2/26/2026Sale45A4684029listed for sale$187,500-68.0859MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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