When was property at 255 Coral Drive built and last sold?

The property at 255 Coral Drive was built in 1950 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 255 Coral Drive is $376,490.

What are some comparable homes to 255 Coral Drive?

There are currently no comparable homes to 255 Coral Drive.

Melbourne

32935

Loveridge Heights

255 Coral Drive

Sold on Aug 12, 2026

Map

$290,000

● House - Off Market

255 Coral Drive

Melbourne, FL 32935

3 Beds

2 Baths

1,588 Ft²

$1,670

Est. Monthly

About This Property

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 are becoming harder to find. Bring your vision and transform this property into something spectacular.

Unit Size

1,588 Ft²

Days on Market

68 days

Land Size

0.42 acres

Price per sqft

$201

Property Type

House

Property Taxes

$99

HOA Dues

Year Built

1950

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Last updated: 3 months ago (Space Coast MLS #1077294)

Price History

Date / Event	Date	Event
Aug 12, 2026	Sold	Premium
Sold
Jun 23, 2026	In contract	-
In contract
Jun 5, 2026	Price Decreased	$319,900 ↓ $49K (13.3%)
Price Decreased
May 14, 2026	Listed by Denovo Realty	$369,000
Listed by Denovo Realty

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1950

Effective Year Built: 1995
Building Count: 1
Bedroom Count: 3
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Bathroom Plumbing Fixtures: 8
Building Condition: 0
Building Quality: 10
Construction Type: 12
Building Style: 0
Exterior Walls Type: 15
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 552
Parking Space Count: 2
Patio Type: 5
Porch Type: 126
Pool Type: 0
Location Influence Type: 179

Dimensions

Lot Size Square Feet: 18,295

Lot Size Depth Feet: 1,200
Lot Size Frontage Feet: 1,540
Total Building Area: 2,278
Gross Building Area: 2,278
Building Area: 1,588
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 1,588
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: LOVERIDGE HEIGHTS SUBD
Land Acres: 0000000420
Standard Land Use Code: 1001
County Land Use Code: 0110
State Land Use Code: 001
Legal Description 1: LOVERIDGE HEIGHTS SUBD LOTS 19,20 BLK 16

Neighborhood

School District Name: Brevard County School District

Census Tract: 064201

Zoning

Zoning: R1A

Geography

Assessors Map Reference: 296

Account Number: 2725415
Parcel: 27-37-22-EM-00016.0-0019.00
Block: 16
Lot: 19
Meridian: SEC 22 TWN 27S RNG 37E
Municipality: MELBOURNE
Latitude: 28.1173
Longitude: -80.6214

Address

Full Address: 255 Coral Dr

Address - House Number: 255
Address - Street Name: Coral
Address - Suffix Type: Dr
State: FL
City Name: Melbourne
Carrier Code: C002
4-Digit Zip Code: 6914
Zip Code: 32935

Valuation

Tax

Total Area: 1,830

Tax Year: 2022
Tax Amount: $106,225
Initial Tax Delinquent Year: 2022
Tax Rate Code Area: 53K0

Appraisal Valuation

Standard Deviation: 0.2457

Valuation Date: Jan 03, 2024
Confidence Score: 65
Final Value: 383,134
High Value: 477,282
Low Value: 288,986

Market Valuation

Market Total Value: $289,680

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $97,860

Exemptions

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Loveridge Heights

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$233

Below Asking

0.05%

Average Days on Market

Average Home Size

1482 ft²

Average Home Age

75.5 years

Currently For Sale

2 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1981 Guava Avenue, FL, 32935

$2,400 /mo

Studio
1 Bath
520 ft²

1981 Guava Avenue #104, FL, 32935 Listing by Nathan Doyle

Unit for rent at 103 Parkside Place, Indian Harbour Beach, FL, 32937

$4,300 /mo

2 Beds
2 Baths
1,793 ft²

103 Parkside Place #103, Indian Harbour Beach, FL, 32937 Listing by Schuyler Myles Schrader

Unit for rent at 2261 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

3 Beds
2 Baths
1,597 ft²

2261 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Flavia Barrial, Denovo Realty
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1077294

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.