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$369,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 255 Coral Dr
General
- Price: $369,000
- Taxes: $1,182 (2025)
- Status: Active
- Type: Single Family
- Source: BrevardCounty
- MLS ID: 1077294
- Updated: 5/14/2026
- Added to Site: 4 day(s) ago
Interior
- Appliances: None
- Furnishings: Unfurnished
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage, Garage Door Opener
Location
- Area: 323 - Eau Gallie
- County: Brevard
- Subdivision: Loveridge Heights Subd
- Driving Directions: From US-1, head east on Eau Gallie Blvd. Turn left onto S Tropical Trail, then right onto Coral Dr. Property is located at 255 Coral Dr, Melbourne, FL 32935.
- Direction Faces: East
School Information
- Elementary School: Harbor City
- Middle School: Hoover
- High School: Melbourne
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Exterior Const.: Concrete, Stucco
- Stories/Levels: 1
- Square Feet: 1,588
- Living Area: 1,588 Sq. Ft.
- Current Bldg. Use: Residential, Single Family
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,295
- Lot Features: Corner Lot, Cul-De-Sac
- Fencing (Description): Wood
Financial Considerations
- Price Per Sq. Ft.: $232.37
- Tax Amount: $1,182.25
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Probate Listing
- Property ID: 27-37-22-Em-00016.0-0019.00
Listed by Denovo Realty
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Schools
Schools serving 255 Coral Dr
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Harbor City Elementary School 1377 Sarno Road, Melbourne, FL 32935 | PK-6 | 1.2 mi |
Herbert C. Hoover Middle School 2000 Hawk Haven Drive, Indialantic, FL 32903 | 7-8 | 3 mi |
Melbourne Senior High School 74 Bulldog Boulevard, Melbourne, FL 32901 | 9-12 | 1.8 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 255 Coral Dr
Date
Details
Price
Change
Source
5/14/2026
Listed
$369,000
—
MLS
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
Tax History for 255 Coral Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,066
7%
$106,820
3%
2024
$999
-4%
$103,810
3%
2023
$1,046
-1%
$100,790
6%
2021
$1,058
—
$95,010
-3%
2022
$1,062
—
$97,860
4%
2021
$1,058
2%
$93,700
2%
2019
$1,036
1%
$91,600
2%
2018
$1,025
1%
$89,900
2%
2017
$1,017
-1%
$88,060
2%
2016
$1,031
-2%
$86,250
1%
2015
$1,049
2%
$85,660
1%
2014
$1,031
1%
$84,980
1%
2013
$1,018
—
$83,730
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 255 Coral Dr
255 Coral Drive, Melbourne, FL 32935 (MLS# 1077294) is a Single Family property with 3 bedrooms and 2 full bathrooms. 255 Coral Drive is currently listed for $369,000 and was received on May 14, 2026. Want to learn more about 255 Coral Drive? 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.

