2513 Lipscomb Street, Melbourne, FL 32901 - Photo 1

1/1

$157,500

Sold
Closed
Single Family
5 Beds
4 Full Baths
1 Partial Bath
2,607 Sq. Ft.

1/1

Property Description

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

Full Property Details

Full Property Details for 2513 Lipscomb St

General

Sold For: $157,500
Taxes: $1,319 (2025)
Status: Closed
Type: Single Family
Source: BrevardCounty
MLS ID: 1070455
Added to Site: 139 day(s) ago

Interior

Number of Rooms: 3
Appliances: None
Furnishings: Unfurnished

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 4
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 5

Parking

Parking Features: Other

Location

Area: 999 - Out of Area
County: Brevard
Subdivision: None
Driving Directions: Turn right onto Malabar Rd SE/FL-514 toward Malabar, Turn left onto Babcock St NE/FL-507/County Hwy-507, Follow Babcock St NE/FL-507/County Hwy-507, Turn right onto E University Blvd, Turn left onto Lipscomb St
Direction Faces: West

School Information

Elementary School: Harbor City
Middle School: Stone
High School: Melbourne

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Other
Heating Type: Other

Utilities

Sewer: Public Sewer
Water: Other
Utility Description: Other

Structural Information

Exterior Const.: Stucco
Stories/Levels: 1
Square Feet: 2,607
Living Area: 2,607 Sq. Ft.
Current Bldg. Use: Single Family
Year Built: 1930

Lot Features

Lot Size (Acres): 0.18
Lot Size (Sq. Ft.): 7,841
Lot Features: Other

Financial Considerations

Price Per Sq. Ft.: $68.09
Tax Amount: $1,319.44
Tax Year: 2025
Terms: Cash, Conventional, VA Loan

Disclosures and Reports

Special Conditions: Standard
Property ID: 28-37-11-Fj-00003.0-0012.01

Listed and Sold by Elevate Realty LLC

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— 2513 Lipscomb St —

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Schools

Schools serving 2513 Lipscomb St

School District:Brevard County School District

Name	Grades	Distance
Harbor City Elementary School 1377 Sarno Road, Melbourne, FL 32935	PK-6	4.1 mi
Stone Magnet Middle School 1101 East University Boulevard, Melbourne, FL 32901	7-8	0.5 mi
Melbourne Senior High School 74 Bulldog Boulevard, Melbourne, FL 32901	9-12	1.7 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 2513 Lipscomb St

Date

Details

Price

Change

Source

6/05/2026

Sold

$157,500

-11.27%

MLS

4/08/2026

Price Reduced

$177,500

-5.33%

MLS

2/25/2026

Listed

$187,500

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2513 Lipscomb Street, Melbourne, FL 32901 (MLS# 1070455) is a Single Family property that was sold at $157,500 on June 05, 2026. Want to learn more about 2513 Lipscomb Street? Do you have questions about finding other Single Family real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

2513 Lipscomb St Melbourne, FL 32901