56 days on market$129,000Price reduced by $20,000 on Oct 8, 2026
21726 SE 67th PlaceHawthorne, FL, 32640
- 5 beds
- 3 baths
- 2,596 sqft
2513 Lipscomb StreetMelbourne, FL, 32901
5beds
5baths
2,607sqft
Single Family Residence
Built in 1930
$157,500
Sold
- Price per sqft
- $60
- Sold on
- Jun 5, 2026
MLS #A4684029Updated Jun 5, 2026
About this property
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.
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Property details
- Property type
- Single Family Residence
- Street address
- 2513 Lipscomb Street
- City
- Melbourne
- State
- FL
- ZIP code
- 32901
- Year built
- 1930
- New construction
- No
- Faces
- West
- Rooms
- 3
- Building stories
- 1
- Living area
- 2,607 sqft
- Total building area
- 2,607 sqft
- Levels
- One
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at November 7, 2026 at 2:45 PM ESTPrice & sale history
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| SoldMLS #A4684029 | $157,500 | Not applicable | |
| Price reducedMLS #A4684029 | $177,500Change: −5.3%−$10,000 | −5.3%−$10,000 | |
| Listed for saleMLS #A4684029 | $187,500 | Not applicable |
History may be incomplete.
Location
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