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5 Beds
2 Baths
1,886 sqft

$650,000

511 E Melbourne Avenue E, Melbourne FL, 32901

Price per sqft$344.64
Built in1954
Property size1,886 sqft
Property typeResidential

Overview

Active

Listed Sep 11, 2026

Updated 7 days ago

Direct waterfront property on scenic Crane Creek in the heart of Downtown Melbourne. This 1/2+ acre homesite is zoned R-3, offers public water & sewer, detached 800 sq/ft concrete block garage, navigable small-boat access to the Indian River Lagoon and the potential for a private dock (buyer to verify requirements). The existing 1,886 sq/ft residence is in need of substantial renovation and is being offered primarily for land value. Located just one block from Downtown Melbourne's restaurants, shopping, entertainment, and waterfront amenities, this property presents endless possibilities for a private estate, luxury waterfront residence, or future investment opportunity. Enjoy expansive water views, privacy, mature trees, and a truly irreplaceable location along Crane Creek. Bring your vision and create something extraordinary.

$4,324/mo

Est. mortgage payment based on a $650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1087368

Interior Features

Bedrooms
5
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.61 Acres

Other Property Details

Taxes
$6,899
Tax Frequency
Annually
Garage
Yes
Waterfront
Yes
55+/Senior Community
No

Courtesy of Home Wise Realty Group, Inc., Jon Feshan,
Listing Contact: 407-712-2000 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Crystal Canina shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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