Melbourne Homes under $500,000

Melbourne Homes under $500,000

Welcome to Melbourne, Florida – a vibrant coastal city nestled in Brevard County, renowned for its beautiful beaches, rich cultural heritage, and an inviting community atmosphere. With a delightful blend of urban amenities and natural beauty, Melbourne offers residents a unique lifestyle that perfectly balances relaxation and excitement.

One of the most appealing aspects of living in Melbourne is the diverse array of homes available, particularly for those seeking properties under $500,000. This price point opens the door to a variety of charming options, from cozy single-family homes to modern townhouses, all set against the backdrop of Melbourne’s stunning landscapes. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a welcoming community that caters to every need.

The city is not just about beautiful homes; it boasts a plethora of recreational activities. With the Atlantic Ocean just a stone’s throw away, residents can enjoy endless outdoor adventures, from surfing and fishing to relaxing on the sandy shores. Additionally, Melbourne is home to a thriving arts scene, bustling local markets, and a variety of dining options that cater to all tastes.

Education is also a priority in this family-friendly city, with highly-rated schools and numerous parks and playgrounds for children to enjoy. With its warm climate, friendly atmosphere, and affordable housing options, Melbourne, FL, truly embodies the ideal place to call home. Explore the possibilities and discover your dream home in this enchanting coastal paradise!

Newest Melbourne Homes under $500,000

2500 Eagle Drive, Melbourne
$240,000
2 Beds ⋅ 1 Baths ⋅ 1090250 MLS
Enjoy relaxed Florida living in this two-bedroom, one-bath, ground-floor condo at The 19th Hole in Melbourne. Situated adjacent to Harbor City Golf Course, this inviting residence features a screened patio—a lovely spot for morning coffee or unwinding at the end of the day. Accordion hurricane shutters add convenience, while the community pool and clubhouse are just steps from your front door. Whether you're seeking a year-round residence or a seasonal retreat, this condo offers an opportunity to enjoy the Space Coast lifestyle.

2500 Eagle Drive, Melbourne
4180 Sherwood Boulevard, Melbourne
$225,000
3 Beds ⋅ 2 Baths ⋅ 1089943 MLS
Opportunity Awaits in Melbourne, Florida! Discover the potential at 4810 Sherwood Blvd, Melbourne, FL! Situated on an oversized corner lot in a convenient Melbourne location near Eastern Florida State College, this 3-bedroom, 2-bath home offers a wonderful opportunity for investors, renovators, or buyers looking to create a home that reflects their own style and vision. The home features a welcoming living room, a kitchen with an adjoining dinette area, and the convenience of an indoor laundry room. An enclosed porch adds valuable bonus space, perfect for a home office, playroom, game room, hobby area, or home gym. An additional large storage room provides extra space for tools, seasonal items, and more. With a little imagination and updating, this property offers the opportunity to make the most of its flexible floor plan and spacious lot. The second bedroom already features new carpet and fresh paint, providing a refreshed starting point for future improvements. Notable features: include: Three bedrooms and two bathrooms, One-car carport, Oversized corner lot, Living room and kitchen with adjoining dinette, Indoor laundry room, Enclosed porch converted to bonus flex space, Additional large storage room, City water and sewer, Trane air-conditioning unit with a label indicating 2018, Roof installed in 2021, Hot water heater dated 2013. The property will benefit from updating and improvements throughout, making it a great opportunity for buyers who recognize the value of putting their personal touch on a home. Buyers should note that the main house has cloth-covered electrical wiring, while the added room off the kitchen has a newer Square D electrical panel. The master bathroom sink drains slowly and will need attention. Buyers are encouraged to conduct their own inspections and verify the condition and age of all systems and components. Enjoy the convenience of a neighborhood with sidewalks and easy access to shopping, schools, restaurants, and Eastern Florida State College. Plus, you're just minutes from Brevard County's beautiful beaches! Bring your vision and explore the possibilities! Whether you're looking for your next renovation project, an investment opportunity, or a property to customize and make your own, this Melbourne home offers a flexible layout, a spacious corner lot, and a location close to many of the area's everyday conveniences and coastal attractions.

4180 Sherwood Boulevard, Melbourne
3785 Astral Road, Melbourne
$369,990
3 Beds ⋅ 2 Baths ⋅ 1089811 MLS
This new single-story home features a low-maintenance design for easy, everyday lifestyles. An open plan blends the kitchen, living and dining spaces, with access to a patio for seamless indoor-outdoor living. Two secondary bedrooms sit off the main living area, while a generous owner's suite at the back of the home offers a private retreat with its own full bathroom and walk-in closet. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only.

3785 Astral Road, Melbourne
3472 Florida Palm Avenue, Melbourne
$335,000
3 Beds ⋅ 2 Baths ⋅ 1089653 MLS
Smart home living in Melbourne's Bel Aire Palms! This tech-forward home is built for movie nights, gaming & working from home. Enjoy your own theater with an Optoma 4K projector, pre-wired for surround sound. Second & third bedrooms are pre-wired for Ethernet. Smart features include keyless entry, security cameras, an EV-ready garage, & smart thermostat. Oct 2021 Daikin variable-speed AC. Ductwork replaced in 2022. 2025 ROOF. One of the few concrete block homes in the subdivision, plus a portable whole-home generator & storm-rated windows! The updated kitchen features granite counters, a center island with storage, matching Samsung appliances, wine racks, pull-out spice rack, & corner lazy susan. Wood-look plank tile in main living areas & a cozy fireplace. Garage has built-in cabinets for a workshop & reverse osmosis system. Maytag front-load washer & dryer convey. Relax in the Florida Room or entertain on the spacious patio in your private, fenced backyard.

3472 Florida Palm Avenue, Melbourne
681 Indian Oaks Drive, Melbourne
$385,000
3 Beds ⋅ 2 Baths ⋅ 1089631 MLS
AFFORDABLE 55+ LIVING WITH EXCEPTIONAL UPGRADES! Discover this stunning, move-in-ready home in Pine Creek, a gated active adult community offering comfort, convenience and an engaging Florida lifestyle. The beautifully updated kitchen and elegant plantation shutters create a welcoming interior, while impact windows and doors throughout provide added peace of mind. Relax in the enclosed sunroom or enjoy outdoor grilling on your private backyard BBQ patio. Major improvements include a 2020 roof, 2022 A/C, 2024 garage door, and 2026 water heater and irrigation pump. Enjoy the benefits of low-maintenance living with exterior painting included, lighted sidewalks and an active social calendar that makes connecting with neighbors easy. Conveniently located in town near shopping, dining, healthcare and everyday essentials. An exceptional opportunity to enjoy the Pine Creek lifestyle without sacrificing quality, comfort or value!

681 Indian Oaks Drive, Melbourne
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
22 Nina Jean Drive, Melbourne
$249,900
3 Beds ⋅ 2 Baths ⋅ 1089520 MLS
Brand new 2026 doublewide home on an oversized .26 acre homesite in desirable West Melbourne. This beautiful 3 bedroom 2 bath home offers the rare combination of new construction, generous outdoor space, and true property ownership with NO HOA, NOLOT FEES, and NO CDD. Step inside to a bright and spacious open floor plan featuring a center kitchen island, stainless steel appliances, and plenty of room for everyday living and entertaining. The primary suite includes a private bath with dual sinks, while two additional bedrooms provide flexibility for family, guests, or a home office. Quality construction includes 7/16" OSB housewrap rather than Thermo Ply and Florida engineered HUD Wind Zone 2 construction with strapping. The home is served by city water and sewer and also features an irrigation well for maintaining the property. Outside, a paver walkway welcomes you to an attractive raised tiled porch, creating the perfect place to relax and enjoy your new home. The large homesite provides plenty of usable outdoor space and includes a huge 12 by 20 storage shed at the rear of the property. Located in beautiful West Melbourne with convenient access to shopping, dining, schools, employment, entertainment, and everything the Space Coast has to offer. The property is located within a highly regarded school district. Best of all, you own the home and the land, giving you the freedom and flexibility that can be difficult to find with manufactured housing. Everything is new and ready for its first owner. If you have been looking for an affordable brand new home with land, space, modern features, and no monthly community fees, 22 Nina Jean Drive deserves to be at the top of your list. Owner will consider holding the note with 20% down payment.

22 Nina Jean Drive, Melbourne
255 Paradise Boulevard Unit 1, Indialantic
$310,000
2 Beds ⋅ 2 Baths ⋅ 1089499 MLS
Live the Salt Life! Ultimate beachside opportunity, this updated 2-bedroom, 2-bath corner unit with a garage offers an ideal location just a short walk to the beach, Paradise Park with volleyball courts, and popular local restaurants. Enjoy the laid-back beach lifestyle with dining, recreation, and the ocean all close by. Currently occupied by a reliable tenant, making this an excellent opportunity for an investor looking for an income-producing beachside property. Or, make it your own beach paradise when the time is right! The desirable corner-unit location, garage, updates, and low HOA fees add even more value. Whether you're looking for an investment, seasonal getaway, or full-time home, this is a great opportunity to own in a sought-after beachside location.

255 Paradise Boulevard Unit 1, Indialantic
2404 Scenic Drive, Melbourne
$469,900
4 Beds ⋅ 4 Baths ⋅ 1089286 MLS
Large executive pool home across the street from the Crane Creek golf course. Great location near the airport and downtown Melbourne. The 4th bedroom could be used as a formal living room. Move in with a few repairs and new appliances. New roof in 2021.

2404 Scenic Drive, Melbourne
2614 Forest Drive, Melbourne
$389,000
3 Beds ⋅ 2 Baths ⋅ 1089242 MLS
Current owners have lovingly cared for and maintained home since 1971. Set in a quiet Melbourne residential area near Florida Tech and Historic Downtown Melbourne, this property combines a central location in an established neighborhood with an easy commute to schools, shopping, airport, and restaurants. Short distance to beaches and waterways. Recent upgrades and improvements include: New Roof 2021, Carrier AC 2022, Kitchen renovation 2025, Master Bath reno 2020, guest bath reno 2023, cast iron drains replaced with PVC 2023, copper water lines replaced with PEC 2001. Huge circular driveway with attached front carport with ample parking spots. Oversized lot with huge 16 x 32 foot pool, perfect for family fun! A 16 x 23 covered lanai with acrylic windows overlooking pool and backyard is perfect for holiday gatherings! No carpeting, tile and vinyl plank flooring throughout. Call today for private tour.

2614 Forest Drive, Melbourne
1281 Indian Oaks Drive, Melbourne
$385,000
3 Beds ⋅ 2 Baths ⋅ 1089129 MLS
Welcome to Low Maintenance Florida Living in Pine Creek! This inviting 3BD/ 2BA home is tucked away in a gated 55+ community with NO REAR NEIGHBORS! Step inside to an open split floor plan w/ vaulted ceilings, luxury vinyl plank & tile throughout - NO CARPET! The spacious eat-in kitchen features white cabinetry, NEWER stainless steel refrigerator & NEW built-in microwave, while the primary en-suite offers dual sinks & a large walk-in shower. A dedicated laundry room includes a BRAND-NEW washer & dryer plus a utility sink. Relax on the spacious screened paver lanai overlooking lush tropical foliage for a peaceful, private setting. Highlights include IMPACT-RATED WINDOWS & SLIDER & an electric screened garage door. Residents enjoy a clubhouse, fitness room, HEATED pool & spa, plus a variety of social events. HOA dues of $846/qtr include cable, internet, lawn care & exterior painting every 8 years. All in a fantastic location just minutes from shopping, dining, healthcare & the beaches!

1281 Indian Oaks Drive, Melbourne
418 Poinciana Drive, Melbourne
$225,000
3 Beds ⋅ 2 Baths ⋅ 1089115 MLS
Unique dual-living opportunity in the desirable Loveridge Heights neighborhood, complete with a newer roof (2021) and AC (2017)! This versatile 3-bedroom, 2-bathroom property offers incredible flexibility and immediate cash flow, currently tenant-occupied until June 30, 2027. The spacious front home features a 2-bedroom, 1-bathroom layout with a fully equipped kitchen, a large dining room, and a massive family room with abundant storage. Completely separate with its own private exterior entrance and no interior connecting door, the rear 1-bedroom, 1-bathroom addition includes a functional kitchenette—making it the ultimate future Mother-in-Law suite, guest house, or private retreat. Situated on a super-large, fully fenced lot perfect for outdoor activities, this investment gem combines privacy with an unbeatable coastal lifestyle where you can walk to nearby fishing, boating, and swimming while remaining close to shopping and dining.

418 Poinciana Drive, Melbourne
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