See Home Value
Melbourne 32901
2513 Lipscomb Street
$157,500
● House - Off Market

2513 Lipscomb Street

Melbourne, FL 32901
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,607 Ft²
$982
Est. Monthly

About This Property

Prime Investment Opportunity in Melbourne!

This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income.

The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property.

Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.
Unit Size
2,607 Ft²
Days on Market
99 days
Land Size
0.18 acres
Price per sqft
$68
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1967

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Last updated: 5 months ago (Space Coast MLS #1070455)

Price History

Date / Event Date Event Price
Jun 5, 2026 Sold
Sold
Apr 13, 2026 In contract -
In contract
Apr 8, 2026 Price Decreased $177,500
↓ $10K (5.3%)
Price Decreased
Feb 25, 2026 Listed by Elevate Realty LLC $187,500
Listed by Elevate Realty LLC
Jul 14, 2023 Listed by REALTY ONE GROUP INNOVATION $89,000
Listed by REALTY ONE GROUP INNOVATION
Calling all investors. Make this 2/2 into an income producing property! Needs TLC but has great potential. Full permits and plans have been submitted to the city. 2511 Lipscomb St can also be purchased as a packaged deal. See listing for more information.
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Property Highlights


Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 13
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 2
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 2,178
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 158
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOPKINS PLAT
  • Land Acres: 0000000050
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: HOPKINS PLAT ELY 45 FT OF THAT PART OF LOT 12 BLK 3 AS DES IN ORB 1313 PG 1028 EX RD R/W

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064902

Zoning

  • Zoning: C1

Geography

  • Assessors Map Reference: 335
  • Account Number: 2825012
  • Parcel: 28-37-11-FJ-00003.0-0012.03
  • Block: 3
  • Lot: 12
  • Meridian: SEC 11 TWN 28S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.0707
  • Longitude: -80.6043

    Address

  • Full Address: 2513 Lipscomb St
  • Address - House Number: 2513
  • Address - Street Name: Lipscomb
  • Address - Suffix Type: St
  • State: FL
  • City Name: Melbourne
  • Zip Code: 32901

Valuation

    Tax

  • Total Area: 1,023
  • Tax Year: 2022
  • Tax Amount: $83,395
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 34K0

    Appraisal Valuation

  • Standard Deviation: 0.0843
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 93
  • Final Value: 75,347
  • High Value: 81,706
  • Low Value: 68,988

    Market Valuation

  • Market Total Value: $53,480

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,480

    Sales

  • Current Sale Contract Date: Apr 18, 2022
  • Current Sale Recording Date: May 18, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 126101
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Melbourne


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Frequently Asked Questions

When was property at 2513 Lipscomb Street built and last sold?
The property at 2513 Lipscomb Street was built in 1967 and last sold on Apr 18, 2022 for $45,000.
How much is this home worth?
The estimated value of the home located at 2513 Lipscomb Street is $0.
What are some comparable homes to 2513 Lipscomb Street?
There are currently no comparable homes to 2513 Lipscomb Street.