Melbourne Homes under $200,000

Melbourne Homes under $200,000

Welcome to Melbourne, Florida – a vibrant coastal city that perfectly blends the charm of a small town with the excitement of big-city life. Nestled in Brevard County, Melbourne is renowned for its beautiful beaches, rich history, and a welcoming community that makes it an ideal place to call home. With its warm climate and stunning natural surroundings, residents enjoy a year-round outdoor lifestyle, from sunbathing on the sandy shores of the Atlantic Ocean to exploring the lush parks and nature trails that dot the area.

For homebuyers seeking affordability without compromising on quality of life, Melbourne offers a fantastic selection of homes priced under $200,000. This market is a treasure trove for first-time buyers, retirees, and anyone looking to invest in a slice of paradise. These charming properties provide an excellent opportunity to own a piece of this thriving community, whether you're looking for a cozy single-family home, a low-maintenance condo, or a quaint townhouse.

In addition to affordability, Melbourne boasts a variety of amenities, including top-rated schools, shopping centers, and a lively arts scene. The city's rich cultural tapestry is reflected in its numerous festivals, galleries, and theaters, ensuring that there’s always something to do. Plus, with its proximity to the Space Coast and the Kennedy Space Center, residents can enjoy unique experiences that are truly out of this world.

Discover your dream home in Melbourne today, where affordability meets a vibrant lifestyle in one of Florida's most desirable locations!

Newest Melbourne Homes under $200,000

588 N Wickham Road Unit 51, Melbourne
$154,900
2 Beds ⋅ 2 Baths ⋅ 1089606 MLS
Discover comfortable, convenient living in this well-maintained 2-bedroom, 2-bathroom home featuring easy, first floor access. Whether you're looking for a place to call home or a promising investment opportunity, this property offers versatility and value. The interior features new vinyl flooring throughout the main living areas, complemented by warm, wood-looking laminate flooring in the bedrooms. The spacious living and dining areas provide a welcoming setting for everyday living and entertaining. Conveniently located just minutes from Melbourne beach and I-95, this home offers easy access to commuting routes and nearby attractions. Don't miss the opportunity to make this property your own or add it to your investment portfolio!

588 N Wickham Road Unit 51, Melbourne
3970 Dewberry Circle, Melbourne
$199,900
2 Beds ⋅ 2 Baths ⋅ 1088830 MLS
WELCOME HOME to Bayberry Estates! This cute cement block home offers affordable Florida living in a convenient location close to shopping, dining, golf, I-95, and just 12 minutes from the beach. The open floor plan features 2 bedrooms, 2 bathrooms, a 1-car garage, vaulted ceilings, and tile flooring throughout. Both bedrooms include walk-in closets, while the primary bath features a walk-in shower. The guest bath offers generous vanity space, a linen closet, and tub/shower combination. Upgrades include a newer 14.3 SEER Trane heat pump HVAC (2025), water heater (2022), and many impact-rated windows. Relax on the screened porch overlooking the large backyard. A long driveway provides plenty of parking. Low HOA fees include access to the community pool, tennis court, and common-area maintenance, with sidewalks throughout the neighborhood. Enjoy affordable Florida living at its BEST!

3970 Dewberry Circle, Melbourne
3551 D Avinci Way Unit 3037, Melbourne
$150,000
2 Beds ⋅ 2 Baths ⋅ 1088795 MLS
Well-maintained 3rd floor, 857 sqft, 2-bedroom, 2-bath condo overlooking the pond and park. The interior was updated in 2025, which includes new vinyl plank flooring and baseboards, freshly painted interior, new ceiling light fixtures and fans, new kitchen sink and plumbing, and new dishwasher. The unit also features a stackable washer/dryer, ample storage, private storage room, and a private balcony with a beautiful water view. Water and sewer are included. Community amenities include a sparkling pool, clubhouse, recreation court, and 24-hour fitness center. Conveniently located just minutes from Florida Tech, downtown Melbourne, shopping, dining, Harris, and Northrop Grumman. Close to grocery stores and everyday conveniences. This condo offers comfortable living in a convenient location and can be a great option for a primary residence, second home, student, professional, or investment property.

3551 D Avinci Way Unit 3037, Melbourne
819 Almond Boulevard, Melbourne
$190,000
3 Beds ⋅ 2 Baths ⋅ 1088357 MLS
Come see this 3-bedroom, 2-bath home offering approximately 1300 square feet of comfortable living space in a convenient Melbourne location. This home provides a practical layout with plenty of potential for comfortable everyday living, whether you're a first-time homeowner, downsizing, or looking for an investment property. The home features a functional living area designed for easy living and entertaining. Its manageable size makes it easy to maintain while still providing the space and flexibility of a three-bedroom home. Conveniently located near Florida Institute of Technology and just a short distance from Downtown Melbourne, you'll enjoy easy access to shopping, dining, entertainment, schools, parks, and major roadways. The location offers a great balance of convenience and accessibility, making this property an appealing option for homeowners, students, professionals, or investors!

819 Almond Boulevard, Melbourne
520 Ryoland Street, Melbourne
$125,000
2 Beds ⋅ 1 Baths ⋅ 1086909 MLS
Charming 2-bedroom, 1-bath home in Melbourne featuring updated flooring and a fresh, inviting feel. The practical layout offers comfortable living spaces and two well-appointed bedrooms, making this home a great opportunity for first-time buyers, downsizers, or investors. Conveniently located near downtown Melbourne and just minutes from the beach, this property offers easy access to dining, shopping, entertainment, and outdoor recreation. Move-in ready with plenty of opportunity to make it your own. Schedule your showing today!

520 Ryoland Street, Melbourne
209 Prince Avenue, Melbourne
$199,999
3 Beds ⋅ 1 Baths ⋅ 1086282 MLS
Bring your vision and make it your own! This spacious block home features 3 bedrooms, 1 bathroom, plus a versatile flex room that could easily be transformed into a 4th bedroom, home office, or bonus space. Conveniently located within walking distance of Palm Bay High School, the home also features a large, fenced-in backyard. With no HOA, there's ample space to park your boat, RV, trailer, or other outdoor toys. With some TLC and a little creativity, this property has the potential to become something truly special. Roof 2024, A/C 2015, W.H. 2019

209 Prince Avenue, Melbourne
4880 Lake Waterford Way W, Melbourne
$189,000
3 Beds ⋅ 2 Baths ⋅ 1085195 MLS
Rare Ground-Floor Gem with Lake Views-Move in Ready. Don't miss this rare opportunity to own a first-floor, 3 bedroom, 2-bath condo. Step inside to find fresh paint throughout, stylish updated vinyl flooring, and a gorgeous granite kitchen with newer LG-Appliances. Updated plumbing in both bath and kitchen. Enjoy your morning coffee or unwind in the evening on the large screened-in-porch overlooking the lake. Perfect spot to relax and take in the view. For added convenience, this unity includes its own storage and in unit laundry, tucked neatly into the screened patio. HOA covers it all: exterior maintenance, roof replacement, high-speed internet and cable through Spectrum, plus access to community pool and clubhouse available for private events and celebration. Location does not get better than this close to beach, I-95 and plenty of shopping, dinning and major employment centers.

4880 Lake Waterford Way W, Melbourne
795 Osage Avenue, Melbourne
$190,000
2 Beds ⋅ 2 Baths ⋅ 1084731 MLS
Bring your vision to life with this unique opportunity for an investor, contractor, or buyer ready to create a home that reflects their own style. The interior has already been gutted, saving the next owner from difficult demolition work, while major repairs have been completed. Now it is ready for the finishing touches from the floor plan and kitchen to the bathrooms, flooring, fixtures, and finishes. Previously configured as a 3-bedroom home, the spacious interior may offer the potential to restore a third bedroom or redesign the layout to better suit the new owner's needs. Whether the goal is a personalized primary residence, renovation project, or investment property, this home provides a blank canvas with plenty of possibilities.

795 Osage Avenue, Melbourne
7801 Maplewood Drive Unit 909, Melbourne
$145,000
2 Beds ⋅ 3 Baths ⋅ 1083242 MLS
Resort-style amenities, peaceful water views, and an unbeatable West Melbourne location, this is low-maintenance Florida living at its best. Just minutes from I-95, shopping, and dining, this beautifully maintained condo is nestled in the quiet community of Garrett's Run, surrounded by mature oak trees and fresh landscaping. Inside, you'll find a spacious two-story layout with 2 bedrooms, 2.5 baths, and a new tankless water heater. Enjoy an incredible lineup of amenities including a resort-style pool, fitness center, tennis and pickleball courts, racquetball, shuffleboard, billiards, clubhouse, and RV/boat storage. Cable and internet are included in the HOA fees, making it even easier to enjoy the carefree Florida lifestyle. Whether you're searching for your first home, a seasonal escape, or an easy-care lifestyle, this condo offers the perfect blend of affordability, convenience, and exceptional community amenities.

7801 Maplewood Drive Unit 909, Melbourne
3511 D Avinci Way Unit 2022, Melbourne
$149,500
2 Beds ⋅ 2 Baths ⋅ 1078156 MLS
Don't miss this great turn key condo in Melbourne located right next to Florida Tech, making it ideal for students, faculty, or investors. Tucked away in a more secluded area of the community, this corner unit offers added privacy. Conveniently close to restaurants, shopping, and the beaches, this well-maintained 2 bedroom, 2 bathroom corner unit condo features a spacious family room, kitchen with granite countertops, stainless steel appliances, breakfast bar and full size stackable washer and dryer. The interior was freshly painted and updated with new LVP flooring throughout in 2025, HVAC 2020, and refrigerator and dishwasher 2022. The primary suite includes a walk-in closet and private bath, while the second bedroom is perfect for guests, a home office, or a roommate setup. Community amenities include a pool, clubhouse, fitness center, and beautifully maintained grounds. Move-in ready and a great opportunity for a primary residence or investment property.

3511 D Avinci Way Unit 2022, Melbourne
594 N Wickham Road Unit 2, Melbourne
$169,500
2 Beds ⋅ 2 Baths ⋅ 1079969 MLS
This 2-bedroom, 2-bath condo is centrally located in the heart of Melbourne! Situated on the second floor, this charming end unit offers a private balcony perfect for relaxing with an additional storage room, and an in-unit laundry room with washer and dryer for ultimate convenience. The open layout provides comfortable living with spacious bedrooms and plenty of natural light. Enjoy resort-style amenities including a sparkling pool, soothing hot tub, and a welcoming clubhouse--ideal for social gatherings or unwinding after a long day. With close proximity to shopping, dining, and major roadways, this condo is perfect for anyone seeking low-maintenance living in a prime location.

594 N Wickham Road Unit 2, Melbourne
37 Sapphire Street, Melbourne
$195,000
3 Beds ⋅ 2 Baths ⋅ 1067646 MLS
Live in this wonderful community with no Lot rent or HOA fee. Situated on corner, this Large home with 3 beds, 2 bath, with large family room. Metal roof, 2017 AC, 2024 all new water piping, Large detached garage with electric, Large driveway will fit Multiple cars or some toys, Large screened in Porch

37 Sapphire Street, Melbourne
Start Your Search