2513 LIPSCOMB STREET , Melbourne, FL 32901

Sold: $157,500
Sold on: Jun 5th, 2026
$ Per Square Foot: $60
Sold: $157,500
Sold on: Jun 5th, 2026
$ Per Square Foot: $60
BEDS5 BATHS4 full 1 partial SQUARE FEET2,607 MLS#A4684029
STATUSSold PROPERTY TYPEResidential - Single Family SUBDIVISIONTOWN/HOPARKINS


Property Description

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.

Property Features

Cooling: Other
Days on Market: 99
Heating: Other
Lot Size: 0.18 Acres
Roof Type: Other
Stories: 1.0
Taxes: $1,319
Year Built: 1930

Amenities

Other
Other

Feature Descriptions

Appliances: Other
Exterior: Stucco
Lot Dimensions: 0.18
Property Sub-Type: Single Family Residence
Special Sale Provisions: None
Utilities: Other
Water Access: No

Listed By / Sold By

Listed By

Agency Name: ELEVATE REALTY LLC
Agency Phone: 561-427-3923

Provided By

Agent Name: Anderson Welch
Agent Phone: (386) 852-1151
Agency Title: Adams Cameron & Co. REALTORS

Sold By

Agency Name: SPECTRUM PROPERTY GROUP LLC
Agent Name: Derek Hodge

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/08/2026. The listing information on this page last changed on 06/08/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/08/2026 7:47:20 PM EST) or Miami MLS (last updated Mon 06/08/2026 7:40:25 PM EST) or Stellar MLS (last updated Mon 06/08/2026 7:31:07 PM EST) or Daytona MLS (last updated Mon 06/08/2026 7:37:17 PM EST) or Tallahassee MLS (last updated Mon 06/08/2026 6:48:49 PM EST) or Northeast Florida MLS (last updated Mon 06/08/2026 7:39:11 PM EST) or My State MLS (last updated Mon 06/08/2026 7:40:29 PM EST) or Florida Keys MLS (last updated Mon 06/08/2026 4:30:48 PM EST). Real estate listings held by brokerage firms other than Adams Cameron & Co. REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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