9 months on rocket

406 Bluff Dr, Melbourne, FL, 32901

$599,900

Home List Price

$7,124*

Closing Credit

0 Baths
3,324 SqFt
$180/SqFt
Multi

Location

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406 Bluff Dr, Melbourne$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached
Year Built1925
HeatingNone
CoolingNone
MLS #952632
Lot Size0.57 Acres
StatusActive

About 406 Bluff Dr

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

Property Features

Property Information:

  • Year Built: 1925
  • Living Area: 3,324 SqFt

Listing Office:

  • Office Name: Real Estate Solutions Brevard
  • Office Phone: (321) 610-1550
  • Listing Agent: Sarah Clifford, Rick Drouin

Interior Features

Interior Information:

  • Appliances: Other
  • Flooring Type: Other

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • Virtual Tour: 406 Bluff Dr
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Lot Features

Lot Information:

  • Lot Size: 0.57 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: From US1 go West on Avenue D then South onto Bluff Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900
  • Price Per SqFt: $180/SqFt

Tax Information:

  • Annual Amount: $986
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

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Melbourne, FL

City

Med. Sold Price

$420.8K

Med. Price/SqFt

$237

Avg. Days On Market

58

# of Sold Homes

237

406 Bluff Dr vs Melbourne

274 DAYS ON ROCKET

+216 Days

$599,900

+$179K More

$180/SqFt

-$57 Less

KEY TAKEAWAY

This property is $179K more than the Median Sold Price and $57/SqFt less than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #952632

Listing Office:

  • Office Name: Real Estate Solutions Brevard
  • Office Phone: (321) 610-1550
  • Listing Agent: Sarah Clifford, Rick Drouin

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$986$81,940
2019$966$80,100
2018$957$78,610
2017$957$77,000

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-310227
6
/10

  • Harbor City Elementary School

  • 1377 Sarno Rd

  • 1.91 miles

  • Public District Grades PK-6

school-card-donut-310228
10
/10

  • Indialantic Elementary School

  • 1050 N Palm Ave

  • 2.69 miles

  • Public District Grades KG-6

school-card-donut-310229
3
/10

  • University Park Elementary School

  • 500 W University Blvd

  • 2.81 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,750. The majority of Melbourne, FL residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Brevard County›Melbourne›32901›406 Bluff Dr

This home is located at 406 Bluff Dr in Melbourne, FL and zip code 32901 in the Indian River Bluff neighborhood. This 3,324 square foot home, which was built in 1925, sits on a 0.57 acre lot. It has been listed on Rocket Homes since February 20, 2024 and is currently priced at $599,900.

While more than 12 listings in Melbourne, FL in October 2024 were sold above asking price, there were more than 65 listings sold at asking price, and more than 160 were sold below. Between September 2024 and October 2024, Melbourne, FL real estate market has seen increase in the number of listings by 2.1%. While the average time on the market in October 2024 was 58 days, the median list price was $420,837.

From Rocket Homes Real Estate and based on county public records data.

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