255 Coral Drive
Melbourne, FL 32935
3
Bed
2
Bath
1,588Sqft
0.42Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 3Bathroom Information
Total Baths: 2 Full Baths: 2Water/Sewer
Sewer: Public Sewer -
Flooring Information
Other -
Interior Features
Appliances: None -
Heating & Cooling
Heating: Central, Electric Cooling: Central Air, Electric WaterSource: Public
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Building Information
Year Built: 1950 Construction Materials: Concrete, Stucco -
Fencing
Wood -
Fencing
Wood
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Lot Information
Lot Description: Corner Lot, Cul-De-Sac Lot Size Area: 0.42 Acres Lot Square Feet: 18,295 Stories: 1 Main Square Feet: 1588Property Information
Property Type: Residential Sub Type: Single Family Residence SQ ft (Living Area): 1,588 Subdivision: Loveridge Heights Subd MLS Area Minor: 323 - Eau Gallie Source Neighborhood: Loveridge Heights Subd Construction Materials: Concrete, Stucco Property Age: 76
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Listing Price Information
Listing Id: 1077294 ist Price: $319,900 Original List Price: $369,000 List Price Tot SqFt: $201 Listing Terms Cash, Conventional -
Listing Information
Possession: Close Of Escrow
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Tax Information
Parcel Number: 27-37-22-Em-00016.0-0019.00 Annual Tax: $1,182 Tax Year: 2025 Taxes: LOVERIDGE HEIGHTS SUBD LOTS 19,20 BLK 16
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Virtual Tour
Parking Information
# of Garage Spaces: 2 Has Garage: Yes Garage, Garage Door Opener
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School Information
Elementary School: Harbor CityElementary School District:Junior High School: HooverSenior High School: Melbourne -
Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: From US-1, head east on Eau Gallie Blvd. Turn left onto S Tropical Trail, then right onto Coral Dr. Property is located at 255 Coral Dr, Melbourne, FL 32935.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2646 Burns Avenue, Melbourne, FL, 32935 | $267,000 | 3 | 2 | 1,524 | 1,524 SqFt |
| 2253 Dordon Drive, Melbourne, FL, 32935 | $255,000 | 3 | 1 | 1,006 | 1,006 SqFt |
| 2342 Leewood Boulevard, Melbourne, FL, 32935 | $265,000 | 4 | 2 | 1,450 | 1,450 SqFt |
| 115 E Brevard Drive, Melbourne, FL, 32935 | $175,000 | 2 | 1 | 832 | 832 SqFt |
| 100 Charles Drive, Melbourne, FL, 32935 | $329,985 | 3 | 2 | 1,652 | 1,652 SqFt |
| 200 Sharon Drive, Melbourne, FL, 32935 | $339,000 | 3 | 2 | 1,631 | 1,631 SqFt |
| 440 Charles Drive, Melbourne, FL, 32935 | $339,900 | 4 | 2 | 1,609 | 1,609 SqFt |
| 1149 Houston Street, Melbourne, FL, 32935 | $1,750,000 | 3 | 3 | 2,844 | 2,844 SqFt |
| 1365 Pineapple Avenue, Melbourne, FL, 32935 | $989,999 | 3 | 2 | 1,377 | 1,377 SqFt |
| 819 W Whitmire Drive, Melbourne, FL, 32935 | $378,900 | 3 | 1 | 1,490 | 1,490 SqFt |
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ByOwner last updated this listing 06/06/2026 @ 16:24
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