511 E Melbourne Avenue E, Melbourne, FL 32901

$650,000
Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 1,886 Lot Size (sq. ft.): 26,572 Status: Active
Current Price: $650,000 List Date: 9/11/2026 Last Modified: 9/24/2026

Overview

Description

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.

Listing Details MLS# 1087368

General Property Information

Bedrooms Total
5
Bathrooms Total
2
Bathrooms Full
2
Living Area
1886
Living Area Source
Public Records
Accessibility Features YN
Yes
New Construction YN
No
Year Built
1954
Garage YN
Yes
Garage Spaces
2
Carport YN
No
Lot Size Acres
0.61
Lot Size Square Feet
26572
Association YN
No
CDD Fee YN
No
Community Fee(s) YN
No
Water Body Access YN
Yes
Waterfront YN
Yes
Water Body Name
Crane Creek
Furnished
Unfurnished
Stories
Yes
Direction Faces
North
Senior Community YN
No
Pool Private YN
No
List Price/SqFt
344.64

Property Features

Appliances: Disposal; Electric Water Heater; Refrigerator Architectural Style: Craftsman; Historic Construction Materials: Block; Concrete Cooling: Central Air Current Use: Single Family Fireplace Features: Wood Burning Flooring: Vinyl; Wood; Other Heating: Central Interior Features: Eat-in Kitchen Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Lot Features: Other Other Structures: Other Parking Features: Additional Parking; Detached Carport; Garage Door Opener Possession: Other Water Body Access Type: Navigable Property Condition: Fixer Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Showing Requirements: Appointment Only Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Water Connected Water Source: Public Waterfront Features: Canal Front; Creek Room Types: Family Room; Kitchen

Contract Information

Original List Price
650000
Listing Contract Date
2026-09-11
Property Sub Type
Single Family Residence
Comp Sale YN
No

Location Tax and Legal

Street Number
511
Street Direction Prefix
E
Street Name
Melbourne
Street Suffix
Avenue
Street Direction Suffix
E
County
Brevard
State
FL
Postal Code
32901
MLS Area Major
330 - Melbourne - Central
Subdivision Name
Hallwood Place

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Major Change Timestamp
2026-09-11T17:21:19Z
Major Change Type
New Listing
Status Change Timestamp
2026-09-11

More Information

Closing Company Details

Closing Company Name
Centurion Title Group INC
Closing Company Address
217 N.Westmonte Dr. Suite 2004 ., Altamonte Springs, FL32714

DPR Eligible

DPR Eligible
Yes

Legal Details

Permission Granted to Advertise
Yes

Room Types

Family Room Level
First
Kitchen Level
First

Room Information

Room Name Level Length Width
Family Room First 16.00 16.00
Kitchen First 10.00 10.00
Listing Office: Home Wise Realty Group, Inc.
Last Updated: September - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.