255 Coral Drive, Melbourne, FL 32935

$290,000
3
BD
2
BA
1,588
SqFt

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Sold Price
$290,000
List Price
$319,900
Closing Date
Aug 12, 2026
MLS#
1077294
Type
Single Family Residential
Bedrooms
3
Bathrooms
2
Living Area
1,588
Lot Size
18,295
Subdivision
Loveridge Heights Subd
Year Built
1950

Property Description

Investor Alert! Rare opportunity to own a prime double lot totaling 0.42 acres in one of Melbourne's most desirable riverfront neighborhoods. This property is a complete renovation or teardown and is being sold for land value and location. The existing home needs substantial work and is ideal for builders, investors, or buyers looking to create a custom dream home. Surrounded by beautiful properties and located just one lot away from the river, this oversized homesite offers incredible potential. Build a two-story home and enjoy the possibility of water views from a balcony or upper level living area. The neighborhood itself is the true gem, offering surroundings, mature landscaping, and endless possibilities for redevelopment. Opportunities like this on oversized lots near the river are becoming harder to find. Bring your vision and transform this property into something spectacular.

Additional Information

Exterior Construction
Concrete, Stucco
Appliances
None
High School
Melbourne
Middle School
Hoover
Elementary School
Harbor City
Utilities
Electricity Connected, Sewer Connected, Water Connected
Floor
Other
Heating
Central, Electric
Cooling
Central Air, Electric

Listing courtesy of Denovo Realty. Selling Office: Denovo Realty.

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