Nestled centrally in Midtown Melbourne between the Eau Gallie & Melbourne Causeways. .42 Acres zoned C-2 Commercial. 150 Ft of frontage on Babcock St. High Traffic Count -21,000 AADT. The Space Coast and Melbourne in particular are experiencing exponential growth. An influx of highly skilled and well paid workers have migrated into the area due to no state income taxes, tax incentives for large companies, corporate mergers, and small start ups. With three major residential projects planned for Downtown, the future for Melbourne and Florida's booming Space Coast is looking very bright. From start-ups and mid-sized enterprises to high-tech goliaths, the Space Coast corporate neighborhood hosts an impressive group of innovative organizations in a variety of sectors. Show by appointment.
Directions: Harbor City Blvd. to S on Babcock on left before RR tracks. Or North on Babcock St. 200 feet after crossing RR tracks. Across Babcock St fromNeiman Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $1,000,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Melbourne, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,058
Per Month
Principal & Interest
$4,991
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,065
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Harbor City Elementary School
1377 Sarno Rd
Distance between this listing and this school1.79 miles
Public District Grades PK-6
3
/10
University Park Elementary School
500 W University Blvd
Distance between this listing and this school2.66 miles
Public District Grades PK-6
4
/10
Croton Elementary School
1449 Croton Rd
Distance between this listing and this school2.78 miles
Public District Grades PK-6
Nearby Schools
5
/10
Hoover Middle School
2000 Hawk Haven Dr
Distance between this listing and this school2.86 miles
Public District Grades 7-8
2
/10
Stone Magnet Middle School
1101 E University Blvd
Distance between this listing and this school2.91 miles
Public Magnet Grades 7-8
3
/10
L. B. Johnson Middle School
2155 Croton Rd
Distance between this listing and this school3.43 miles
Public District Grades 7-8
Nearby Schools
10
/10
West Shore Junior/Senior High School
250 Wildcat Aly
Distance between this listing and this school0.53 miles
Public District Grades 7-12
6
/10
Melbourne High School
74 Bulldog Blvd
Distance between this listing and this school0.80 miles
Public District Grades 9-12
3
/10
Eau Gallie High School
1400 Commodore Blvd
Distance between this listing and this school2.55 miles
The neighbors living near this home have an average income of $38,750. Most Melbourne, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 429 S Babcock St
What is the listing price of this property?
The listing price of 429 S Babcock St property is $1,000,000.
What type of property is this?
The property 429 S Babcock St is land located in Melbourne, Florida, 32901.
Is this property for sale now?
Active Listing: 429 S Babcock St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 429 S Babcock St in Melbourne, FL and zip code 32901 in the Indian River Bluff neighborhood. This home sits on a 0.42 acre lot. It has been listed on Rocket Homes since August 19, 2023 and is currently priced at $1,000,000.
In October 2024, from all listings sold in Melbourne, FL there were more than 12 sold above asking price, over 160 sold below and more than 65 were sold right at the asked price. Between September 2024 and October 2024, Melbourne, FL real estate market has seen increase in the number of listings by 2.1%. In October 2024 median list price was $420,837 and the average listing age was 58 days.
From Rocket Homes Real Estate and based on county public records data.