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2106 Vernon Place

Melbourne, FL 32901

$1,395,000 $5,881/Mo

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Overview

Bed

Bath

1,340

Sqft

0.36

Acre(Lot)

Description

This property offers the perfect opportunity for a downtown Airbnb, already partially remodeled with key upgrades including new ductwork, electrical, flooring, walls, ceilings, lighting, and fixtures. With its prime location and modern touches already in place, this gem is just waiting for the final finishing touches to make it a standout investment. Currently improved with a single-family residence constructed in 1926, the existing structure comprises approximately 1,400 square feet with 2 bedrooms and 1 bathroom. While the home remains intact, the highest and best use of the property is as a premier development site. The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual cap acity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use. The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use. The property is located within a highly walkable, amenity-rich environment surrounded by upscale retail, popular dining establishments, and recently completed mixed-use developments all contributing to sustained pedestrian traffic and urban vitality. Strategically located just three miles from the Melbourne Orlando International Airport currently undergoing a multi-million-dollar terminal and runway expansion the site benefits from its proximity to major infrastructure investments. Additionally, surrounding developments such as the new Margaritaville resort and multiple luxury residential projects within a two-mile radius further underscore the area's momentum and long-term growth prospects. The site also includes a 15-foot-wide service alley that provides continuous access between Vernon Place and Waverly Place. This through-access enhances logistical efficiency for future loading, service vehicles, and other back-of-house functions, increasing the development's operational flexibility. This offering represents more than just a redevelopment opportunityit is a pivotal investment in the future of Downtown Melbourne, serving as a potential cornerstone within the broader transformation of the Space Coast's most vibrant commercial and residential corridor.

Property Details

Property Type : Residential

Price : $1,395,000

AD Id : 64245605

MLS Id : 1043978

Beds : 2

Lot Size : 0.36 Acre

Living Area Size : 1,340

Year Built : 1926

County : Brevard

Subdivision: Eastview Manor

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 2

Bathroom Information

Total Baths: 1 Full Baths: 1

Water/Sewer

Sewer: Public Sewer
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Other
Heating & Cooling

Heating: Central Cooling: Central Air WaterSource: Public

Building Information

Year Built: 1926 Construction Materials: Frame Security System: Other Roof: Shingle
Exterior Features

Porch: Front Porch, Side Porch
Road Types

Asphalt

City Street
Fencing

Back Yard, Wood
Patio And Porch

Front Porch, Side Porch

Fencing

Back Yard, Wood

Lot Information

Lot Dimensions: 125x127 Lot Description: Zero Lot Line Lot Size Area: 0.36 Acres Lot Square Feet: 15,682 Stories: 2 Main Square Feet: 1340

Property Information

Property Type: Residential Sub Type: Single Family Residence Style: Traditional SQ ft (Living Area): 1,340 Subdivision: Powells and Henleys Resubd MLS Area Minor: 330 - Melbourne - Central Source Neighborhood: Powells and Henleys Resubd Construction Materials: Frame Property Age: 100

Listing Price Information

Listing Id: 1043978 ist Price: $1,395,000 Original List Price: $1,495,000 List Price Tot SqFt: $1,041 Listing Terms Cash
Listing Information

Possession: Close Of Escrow

Tax Information

Parcel Number: 28-37-03-82-00046.0-0012.00 Annual Tax: $3,437 Tax Year: 2024 Taxes: POWELLS & HENLEYS RESUBD LOTS 12,13 BLK 46

Virtual Tour

Virtual Tour (External Link)

Parking Information

Other

School Information

Elementary School: University Park

Elementary School District:

Junior High School: Hoover

Senior High School: Melbourne
Utility Information

Electricity Available, Sewer Available, Water Available
Location Information

Direction: From Melbourne Ave, head north on Vernon Place, the home/development site will be on the left

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