406 Bluff Dr Melbourne, FL 32901
Estimated payment $2,870/month
Highlights
- 0.57 Acre Lot
- No HOA
- No Heating
- Melbourne Senior High School Rated A-
- Detached Garage
About This Home
This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living,city water/sewer,well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,020
Year Built
- Built in 1925
Lot Details
- 0.57 Acre Lot
Parking
- Detached Garage
Home Design
- Membrane Roofing
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 3,324 Sq Ft Home
- 2-Story Property
Schools
- Harbor City Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- No Cooling
- No Heating
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 27-37-27-51-00000.0-0200.00
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Price Changed | $499,900 | -16.7% | $150 / Sq Ft |
| 06/03/2024 06/03/24 | For Sale | $599,900 | +7.1% | $180 / Sq Ft |
| 03/18/2024 03/18/24 | Off Market | $560,000 | -- | -- |
| 11/26/2023 11/26/23 | Price Changed | $560,000 | -6.7% | $168 / Sq Ft |
| 11/26/2023 11/26/23 | For Sale | $599,900 | 0.0% | $180 / Sq Ft |
| 11/18/2023 11/18/23 | Off Market | $599,900 | -- | -- |
| 03/07/2023 03/07/23 | For Sale | $599,900 | 0.0% | $180 / Sq Ft |
| 02/21/2023 02/21/23 | Pending | -- | -- | -- |
| 12/15/2022 12/15/22 | For Sale | $599,900 | +66.6% | $180 / Sq Ft |
| 05/10/2022 05/10/22 | Sold | $360,000 | -28.0% | $63 / Sq Ft |
| 04/15/2022 04/15/22 | Pending | -- | -- | -- |
| 04/12/2022 04/12/22 | For Sale | $499,900 | 0.0% | $88 / Sq Ft |
| 04/10/2022 04/10/22 | Pending | -- | -- | -- |
| 03/28/2022 03/28/22 | Price Changed | $499,900 | -16.7% | $88 / Sq Ft |
| 03/28/2022 03/28/22 | For Sale | $599,900 | 0.0% | $105 / Sq Ft |
| 03/18/2022 03/18/22 | Pending | -- | -- | -- |
| 03/03/2022 03/03/22 | For Sale | $599,900 | -- | $105 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 952632
APN: 27-37-27-51-00000.0-0200.00
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