$225,000
↓ $900 (0.4%)
●
House -
For Sale
2521 Pond Street
Melbourne, FL 32901
6 Beds
4 Baths
2,132 Ft²
$1,133
Est. Monthly
About This Property
PARTIALLY COMPLETED 6-BEDROOM NEW BUILD - IDEAL FOR
MULTI-GENERATIONAL LIVING, RESIDENTIAL CARE USE, STUDENT HOUSING
Investment Opportunity in Melbourne, FL - Partially Completed Build
with Major Upside. Originally permitted in 2016 as a new
construction project, this half-finished home offers a head start
for investors or builders ready to bring it to completion. Only the
interior finishes need to be done. Situated on a 0.20-acre lot at
the end of a quiet dead-end street with city water and sewer, the
exterior is finished with a solid roof while the interior is fully
opened, framed, and cleaned for efficient build-out. The spacious
layout and multiple baths make it ideal for resale, rental,
assisted living, Student rental, home-care, or similar residential
care use. A rare 4-car garage adds value, with one 2-car bay
convertible into additional bedrooms or care rooms. Strong
structure, open canvas, serious potential.
Unit Size
2,132 Ft²
Days on Market
157 days
Land Size
0.22 acres
Price per sqft
$106
Property Type
House
Property Taxes
$28
HOA Dues
-
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (Space Coast MLS #1069456)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Price Decreased |
$225,000
↓ $900
(0.4%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$225,900
↓ $1K
(0.4%) | |
| Price Decreased | |||
| May 13, 2026 | Relisted | $226,900 | |
| Relisted | |||
| May 10, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Price Decreased |
$226,900
↓ $1K
(0.4%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage
Garage Spaces: 4
Interior Details
Full Bathrooms: 4
Appliances: None
Flooring Type: Concrete
Exterior Details
Square Footage: 2132
Square Footage Source: $0
Property Condition: Under Construction
Year Built: 2016
Building Area Total: 3402
Levels: One
Construction Materials: Concrete, Stucco
Patio and Porch Features: Side Porch
Lot Features: Cleared
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Square Feet: 9583
Water Source: Public
Financial Details
Tax Annual Amount: $333
Utilities Details
Cooling Type: None
Heating Type: None
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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About Melbourne
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Listed by: Vahid Reza Rajabian, M. David Moallem, Inc
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1069456
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1069456
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