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.
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 Details
Price:
$177,500
MLS #:
A4684029
Status:
Pending
Beds:
5
Baths:
4.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
TOWN/HOPARKINS
Neighborhood:
32901melbourne
Listed Date:
Feb 26, 2026
Finished Sq Ft:
2,607
Total Sq Ft:
2,607
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1930
See this Listing
Schools
Interior
Appliances
Other
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Other
Flooring
Other
Heating
Other
Interior Features
Other
Laundry Features
Other
Levels
One
Exterior
Construction Materials
Stucco
Direction Faces
West
Exterior Features
Other
Roof
Other
Financial
Tax Year
2025
Taxes
$1,319
Map
Community
- Address2513 LIPSCOMB STREET MELBOURNE FL
- SubdivisionTOWN/HOPARKINS
- CityMELBOURNE
- CountyBrevard
- Zip Code32901
Subdivisions in MELBOURNE
- ACREAGE
- ACRES DIAMONDS
- ANNIE LAURIE GARDENS
- ARBORS/LONGLEAF
- ASPINWALL
- AVALONIA SUB
- BAR JAN GARDENS
- BAYBERRY ESTATES
- BAYMEADOWS MELBOURNE PH 02 REP TR F & G
- BOOKER HEIGHTS
- BOWE GARDENS
- BOWE GARDENS SEC B
- BOWE GARDENS SEC J 01
- BRDGWATER SOUTH/VIERA SEC 2
- BREVARD CNTY
- BRIARWOOD PARK SEC 03
- CAPRON RDG PH 3
- CAPRON RDG PH 3 A
- CASABELLA PH 01
- COLONY WEST SUB
- CRESTHAVEN HOMES SEC 1
- CYPRESS LNDGS PH 2
- DEL WEBB AT VIERA
- DEL WEBB AT VIERA – PHASE 4
- EAGLE LAKE TWO PHASE TWO
- ELLA STREET TWNHMS
- FALCON RDG
- FEATHER LAKES
- GRAND HAVEN PH 6
- GREEN LEAF
- HERITAGE ISLE PH 01
- HERITAGE ISLES PUD PH 04
- HIDDEN HARBOR ESTATES
- HIDDEN HARBOR ESTATES LOT 3 BLK A
- HUNTERS CREEK PH 01
- INDIAN RIVER ESTATES
- INDIAN RIVER GROVES & GARDENS
- IXORA PARK 03
- KENDALL POINTE
- LAKESIDE GARDENS
- LAKESIDE PHASE 1 REPLAT
- LOREN COVE AT ADDISON VILLAGE PHASE 2
- LOREN COVE SOUTH PHASE 1
- MAGNOLIA HEIGHTS
- MAGNOLIA PARK 02
- MELBOURNE ESTATES ADD NO 1
- METCALFS UNREC SUB
- MISTY CREEK
- OXFORD RIDGE
- PALMWOOD
- PALMWOOD A B E-G
- PARK PLACE
- SADDLEBROOKE OF WEST MELBOURNE A REPLAT OF SADDLEB
- SAWGRASS AT SUNTREE PHASE ONE
- SHADY DELL RIVERVIEW SOUTH 1
- SHERWOOD PARK SEC J
- SUNSET PARK UNIT 02
- SUNTREE BAY
- SUNTREE CENTER SUNTREE PUD STAGE 03 TR 25A
- SUNTREE ESTATES
- SUNTREE PUD STAGE 04 TR D
- THREE FOUNTAINS/VIERA
- UNIVERSITY PARK SEC B
- VENETIAN VILLAGE CONDO PH II THRU XIII
- VIERA TR FF PH 02
- VILLAS AT SUNTREE UNIT ONE SUNTREE PUD STAGE 10
- WATERFORD PLACE UNIT 02
- WESTWOODS
- WHISPER LAKE
- WOODFIELD PATIO HOMES
Market Summary
Current real estate data for Single Family in MELBOURNE as of Apr 30, 2026
58
Single Family Listed
79
Avg DOM
226
Avg $ / SqFt
$394,398
Avg List Price
Property Summary
- Located in the TOWN/HOPARKINS subdivision, 2513 LIPSCOMB STREET MELBOURNE FL is a Single Family for sale in MELBOURNE, FL, 32901. It is listed for $177,500 and features 5 beds, 5 baths, and has approximately 2,607 square feet of living space, and was originally constructed in 1930. The current price per square foot is $68. The average price per square foot for Single Family listings in MELBOURNE is $226. The average listing price for Single Family in MELBOURNE is $394,398. To schedule a showing of MLS#a4684029 at 2513 LIPSCOMB STREET in MELBOURNE, FL, contact your Charles Rutenberg Realty agent at (407) 619-0129.
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Courtesy of ELEVATE REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than Charles Rutenberg Realty include the name of the listing broker. Neither the listing company nor Charles Rutenberg Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 2513 LIPSCOMB STREET
MELBOURNE, FL