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$1,695,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 2,398 Sq. Ft.
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A rare opportunity to own a true "Waterfront Compound" in Milford featuring THREE legal dwellings in one lot with private beach access-offering immediate income potential and long-term redevelopment upside. Currently operated as short-term rentals with strong seasonal performance, this property is ideal for investors or buyers seeking to offset ownership costs. Set on a direct waterfront lot, the offering presents multiple paths: continue as an income-producing asset, create a multi-generational coastal retreat, or reimagine the site into a larger custom residence. The compound includes three separate structures totaling over 2,500 sq ft: a 1,100 sq ft waterfront home with 4 bedrooms, 2 baths, and an oversized patio overlooking the water; a 300 sq ft bungalow-style studio with potential to add a kitchen and bath; and a second 1,100 sq ft residence offering 3 bedrooms, 1.5 baths, and water views from the living room and primary bedroom. Ample on-site parking adds significant value-an uncommon feature for shoreline properties. Conceptual potential exists to redevelop while maintaining an additional dwelling. Buyers to perform their own research. Minutes to Milford's vibrant downtown, harbor, restaurants, and beaches.

Full Property Details for 85 Melba St

General

  • Price: $1,695,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Single Family
  • Source: SMARTMLS
  • MLS ID: 24170749
  • Updated: 4/28/2026
  • Added to Site: 16 day(s) ago

Interior

  • Number of Rooms: 11
  • Appliances: Electric Cooktop, Electric Range, Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Electric Dryer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4
  • Primary Bedroom: Primary Bedroom, Upper
  • Bedroom 1: Bedroom, Upper
  • Bedroom 2: Bedroom, Upper
  • Bedroom 3: Bedroom, Upper

Other Rooms

  • Living Room: Living Room, Main
  • Kitchen: Kitchen, Main
  • 2nd Kitchen: Kitchen, Main

Exterior

  • Exterior Features: Deck

Parking

  • Total Spaces: 6
  • Parking: Driveway

Location

  • County: New Haven
  • Neighborhood: Pond Point
  • Driving Directions: Use GPS

School Information

  • Elementary School: Calf Pen Meadow
  • Middle School: East Shore
  • High School: Joseph A. Foran

Community

  • Community Name: Pond Point

Heating & Cooling

  • Cooling Type: Split System
  • Heating Type: Baseboard, Hot Water, Gas In Street
  • Heating Fuel: Gas In Street
  • Water Heater: 40 Gallon Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Colonial, Other
  • Construction Status: No/Resale
  • Exterior Const.: Wood
  • Basement Desc.: None
  • Roof: Asphalt Shingle
  • Square Feet: 2,398
  • Above Ground: 2,398 Sq. Ft.
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.12
  • Driveway/Sidewalk: Private
  • Zoning: R5
  • Lot Description: Fence - Partial, Level Lot, Water View

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: L. I. Sound Frontage, Beach, Beach Rights, Water Community, View

Financial Considerations

  • Assessment Amount: $431,510
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1203554

Listed by BHGRE Gaetano Marra Homes, Stephanie Ferreira

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Listing agent

— 85 Melba St —

  • Stephanie Ferreira

    BHGRE Gaetano Marra Homes

Agent Contact: (203) 520-2305 Office Contact: (203) 627-8726

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 85 Melba St

School District:Milford School District
NameGradesDistance
Calf Pen Meadow School
395 Welchs Point Road, Milford, CT 06460
3-50.4 mi
Orange Avenue School
260 Orange Ave., Milford, CT 06460
PK-22.5 mi
East Shore Middle School
240 Chapel Street, Milford, CT 06460
6-81.8 mi
Joseph A. Foran High School
80 Foran Road, Milford, CT 06460
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 85 Melba St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2026
Listed
$1,695,000
208.18%
MLS
5/28/2020
Sold
$550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 85 Melba St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,751
1%
$431,510
—
2023
$12,574
7%
$431,510
—
2023
$11,724
2%
$431,510
—
2022
$11,500
33%
$431,510
38%
2021
$8,640
8%
$312,470
9%
2020
$7,972
-4%
$287,990
—
2019
$8,265
3%
$287,990
—
2018
$7,989
—
$287,990
—
2017
$8,003
-20%
$287,990
-20%
2016
$10,024
—
$360,050
—
2015
$10,038
-15%
$360,050
-20%
2011
$11,773
—
$447,970
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by BHGRE Gaetano Marra Homes, Stephanie Ferreira

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85 Melba Street, Milford, CT 06460 (MLS# 24170749) is a Single Family property with 4 bedrooms and 2 full bathrooms. 85 Melba Street is currently listed for $1,695,000 and was received on April 28, 2026. Want to learn more about 85 Melba Street? Do you have questions about finding other Single Family real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.

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