- 3 beds
- 1 bath
- 866 sqft

Melbourne, Florida
Melbourne homes for sale under $700,000
Melbourne homes for sale under $700,000 follow the mapped city boundary in Melbourne, Florida, not the wider postal area. Asking prices must be strictly below $700,000.
Properties for sale below $700,000
45 listingsNarrow your search by asking price
Choose a narrower asking-price range within Melbourne's mapped city boundary. Every band stays below the $700,000 ceiling.
Choose a location that fits your everyday life
When comparing Melbourne homes for sale under $700,000, start with the places you use regularly rather than the address label alone. Historic downtown offers retail and entertainment, while the city's Space Coast setting includes high-tech employment. Melbourne also spans mainland and barrier-island territory separated by the Indian River Lagoon, making each property's location important to your routine. Compare routes to work, shopping and the activities you enjoy, whether you plan to live here year-round or use a second home personally. We can help you weigh those priorities alongside layout and condition, without treating every Melbourne address as equally convenient for your needs.
Look beyond the asking price
Use these checks to turn a price-based search into a practical shortlist, with attention to the details that matter for your purchase.
Separate asking price from ownership costs
The asking-price limit is only a starting point. Consider property-specific taxes, insurance and upkeep when deciding what fits your ownership budget.
Compare the actual type and layout
Neither property type nor bedroom count is restricted here. Check each listing's classification and layout against how you intend to use the home.
Look into renovation records before purchasing
Review renovation permits and inspection records through the city's Building Section. Do not assume advertised improvements received approval.
Test the location against your routine
Compare each address with work, shopping and personal destinations. A Melbourne mailing address alone does not tell you how convenient it will be.
Nearby all-residential sales within 0.5 mile of a matching property: past 12 months
2 properties sold within half a mile in the last 12 months · median $183,500
2431 Lakeview Drive3 bed · 2 bath · 1,372 sqft
$180,000
Sold Feb 17, 2026
2628 Trammel Avenue3 bed · 2 bath · 1,400 sqft
$187,000
Sold Dec 3, 2025
Melbourne area-wide market context: all property types
These figures cover Melbourne's area-wide inventory across all property types, including land, not just properties priced below $700,000.
- For sale now
- 49
- Median asking price
- $300,000
Questions about the price limit, coverage and taxes
Questions about property checks and nearby sales

Gaby Sadler
Property Specialist, Serhant
Find Melbourne homes for sale with Gaby
Tell me your budget and priorities for homes under $700K in Melbourne. I can help you compare matching properties and arrange viewings.
Find your next home in Melbourne
Browse the Melbourne properties below $700,000 above, then tell us how you plan to use your home, which layouts suit you and where you want to spend your time. We can help you focus a shortlist around your preferred location and overall budget, whether you are choosing an everyday residence or a second home for personal use. Bring your questions about individual properties so we can help identify what needs closer attention before you move forward.
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