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Representative illustration of a modest single-story Florida home with a green lawn, palms and subtropical shrubs in daylight; not an actual listing.

Melbourne, Florida

Melbourne homes for sale under $500,000

Melbourne homes for sale under $500,000: search asking prices strictly below $500,000 within the mapped city limits, not the wider postal area. Results are not limited to detached homes.

Current Melbourne listings under $500K

41 listings
View Melbourne properties under $500K

Narrow your search by asking price

Choose a narrower price range within the same Melbourne municipal boundary. Every band stays below the $500,000 asking-price ceiling.

Choose a Melbourne location that fits your routine

Melbourne homes for sale under $500,000 deserve an address-by-address comparison, whether you plan to live here year-round or own a second home. The city includes mainland and barrier-island territory separated by the Indian River Lagoon, so a Melbourne address alone tells you little about your daily routine. Compare each property's actual location with the facilities and recreation you value, including the routes you would use regularly. We can help you keep those priorities in view alongside price and condition. For broader location context beyond this budget-focused search, visit our Melbourne page.

Public parks and waterfront recreation

These are public local facilities, not private listing amenities. Check the route from each address rather than assuming walking distance.

  • Ballard Park

    A playground, boat launch and lighted basketball courts offer several ways to spend time outdoors. Compare its location with each home you consider.

  • Claude Edge Front Street Park

    The public boat launch and fishing pier are useful places to locate on your map if boating or fishing is part of your preferred routine.

  • Eau Gallie Pier

    Fishing is available during park hours. Consider how a visit would fit into everyday life or time spent at your second home.

Nearby all-residential sales within 0.5 mile: past 12 months

2 properties sold within half a mile in the last 12 months · median $183,500

See all sold

The wider Melbourne market

The following figures cover all property types, including land, across the mapped Melbourne area. They are not statistics for properties under $500,000. The listing count and median asking price describe properties offered for sale, not completed sale prices. Use this wider context separately from the filtered listings above and the nearby sold properties, which each answer a different comparison question.

Area-wide Melbourne market: all property types, including land

All price ranges and property types, including land. These figures do not describe the under-$500K search.

For sale now
49
Median asking price
$300,000

Questions about price, boundaries and property taxes

Questions about condition, condominiums and insurance

Gaby Sadler, Property Specialist

Gaby Sadler

Property Specialist, Serhant

Find Melbourne homes for sale with Gaby

Tell me your budget and priorities for homes under $500K in Melbourne. I can help you compare matching properties and arrange viewings.
+1 (407) 490-0475realty@thetopvillas.com

Find your next Melbourne home

Start with the filtered listings above to compare Melbourne properties priced below $500,000, then tell us what matters most to your purchase. We can help you weigh location, asking price, property condition and ownership costs as you build a shortlist. Whether you want an everyday home or a place for personal second-home use, bring your priorities and questions so we can focus on properties that suit you.

Browse the broader homes-for-sale search

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