Melbourne Homes under $500,000

Melbourne Homes under $500,000

Welcome to Melbourne, Florida—a vibrant city that beautifully blends coastal charm with urban convenience. Nestled along the picturesque Space Coast, Melbourne boasts stunning beaches, a rich cultural scene, and a welcoming community that makes it an ideal place to call home. With its warm, sunny climate and a plethora of outdoor activities, residents can enjoy everything from surfing on the Atlantic waves to exploring the lush parks and nature trails that dot the area.

For those seeking affordable housing options, Melbourne offers an impressive selection of homes under $500,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you'll find a variety of properties that cater to diverse lifestyles and budgets. From cozy single-family homes in family-friendly neighborhoods to modern townhouses with easy access to shopping and dining, the real estate market here is both dynamic and accessible.

One of the standout features of living in Melbourne is the sense of community. The city hosts numerous events throughout the year, including art festivals, farmers' markets, and outdoor concerts, fostering a strong sense of belonging among residents. Additionally, with top-rated schools and a range of recreational facilities, families will find everything they need to thrive.

With its unique blend of coastal living, cultural richness, and affordable housing options, Melbourne, FL, is a city where dreams of homeownership can become a reality. Explore the possibilities today and make Melbourne your next home sweet home!

Newest Melbourne Homes under $500,000

2975 Thrush Drive Unit 235, Melbourne
$169,995
2 Beds ⋅ 2 Baths ⋅ 1090641 MLS
TURN KEY READY HOME! Multi-age Complex with lots of amenities at LOWEST HOA in town. Less than a mile from the locally loved Wickham Park! Close to shopping, beaches, and community events, this cozy home is a Snow bird, College student or Fisherman's dream! Natural light throughout, bright flooring and every amenity you could ask for included: Pool, Tennis and Pickleball court, Sauna, Parking for boat/trailer, extra guest parking, HOA fee includes water, Internet, Premium Cable channels, Exterior insurance, Pest control, Grounds maintenance and more! Private balcony overlooks Florida nature at its best with tree canopies and tranquil pond views. Brand new Washer machine just delivered, dryer and matching Stainless Steel Appliances all convey. This unit is uniquely different than the rest and ready for move in for the holiday season!

2975 Thrush Drive Unit 235, Melbourne
7242 Halleck Street, Melbourne
$349,000
3 Beds ⋅ 2 Baths ⋅ 1090639 MLS
HOLIDAY MAGIC STARTS HERE! HERITAGE ISLE BEAUTY! Fall in love with peaceful park views, a screened porch, and a move-in-ready home just waiting for you! Fresh interior paint, plantation shutters, and Anderson wood flooring in the living and dining rooms add warmth and charm. The kitchen features staggered 42" cabinets, granite countertops, and stainless steel appliances. Indoor laundry, spacious bedrooms with walk-in closets, and accordion hurricane shutters add convenience and peace of mind. Heritage Isle offers a 24-hour guarded gate, clubhouse with bistro, resort-style pool and spa, tennis, pickleball, bocce, shuffleboard, and so much more! Conveniently located near VA Clinic, Viera Hospital, Duran Golf Club, Costco, The Avenue's shopping and dining, I-95, and beautiful beaches. Your next chapter starts here!

7242 Halleck Street, Melbourne
1941 Washington Avenue, Melbourne
$274,500
3 Beds ⋅ 2 Baths ⋅ 1090617 MLS
Beautifully Updated Home in Eau Gallie! Welcome to this well-maintained home in the Eau Gallie area! Featuring 3 bedrooms, 2 full bathrooms, and an open-concept floor plan, this home offers comfortable living with a welcoming feel. Enjoy the charm of terrazzo flooring throughout, screened-in front and back porches, and a well-maintained, fenced yard—perfect for relaxing outdoors or entertaining. Major updates provide added peace of mind, including impact windows, a 2017 roof, and a 2021 A/C system, tankless water heater, and gutters. Fresh exterior paint adds to the home's curb appeal. With both electric and gas available, you'll also appreciate the added flexibility. Additional storage is available with a larger shed and a smaller utility shed, both included with the property. Conveniently located near shopping, restaurants, beautiful beaches, and more, this home combines comfort, practical updates, and a great location. Don't miss the opportunity to make this Eau Gallie home your own

1941 Washington Avenue, Melbourne
309 Barton Avenue, Melbourne
$364,900
3 Beds ⋅ 2 Baths ⋅ 1090274 MLS
Welcome to this beautifully maintained 3-bedroom, 2-bath home tucked away in a quiet, established no-HOA neighborhood just behind FIT! With only two owners, this charming property offers thoughtful updates, inviting living spaces, and an oversized yard surrounded by lush, mature landscaping. Remodeled in 2012, the home features updated plumbing, A/C replaced in 2022, a spacious enclosed Florida room with a/c, and a dedicated laundry room off the garage. Step outside to your own private retreat featuring beautiful foliage, a fruit-bearing mulberry tree, two pergolas, and a hot tub perfect for relaxing. A generously sized garage and additional side parking provide plenty of room for vehicles, recreational equipment, or storage. A convenient location near downtown Melbourne, shopping, dining, and the beaches, this lovingly cared-for home offers a wonderful blend of character, comfort, and convenience.

309 Barton Avenue, Melbourne
3566 Bancroft Drive, Melbourne
$359,900
3 Beds ⋅ 2 Baths ⋅ 1090606 MLS
Exceptional Florida Living in Heritage Isle at Viera! Enjoy the perfect blend of comfort, thoughtful upgrades, and outdoor entertaining in this 3-bedroom, 2-bath duplex in desirable Heritage Isle at Viera. The standout feature is the impressive 650 square-foot covered back porch with a permanent extended roof, creating an expansive outdoor living space ideal for entertaining or relaxing year-round. The summer kitchen includes a refrigerator, sink, and TV lift, while the jacuzzi and patio furniture convey with the sale, making this inviting retreat ready to enjoy. Additional highlights include impact-rated windows and doors throughout, installed in 2021, California Closets, a washer and dryer that convey, and an extended paver driveway providing extra parking and attractive curb appeal. Heritage Isle offers a resort-style heated swimming pool and spa, an expansive clubhouse with a fitness center, ballroom, library, billiards and game rooms, and a variety of social activities and clubs. Residents can also enjoy tennis, pickleball, bocce ball, basketball, shuffleboard, and volleyball. The community's location adjacent to Duran Golf Club adds to the appeal for golf enthusiasts. Conveniently located near Viera's shopping, dining, recreation, and everyday conveniences, this home combines maintenance free living with outstanding opportunities to relax, stay active, and entertain. Don't miss this opportunity to enjoy a move in ready home in a desirable neighborhood!

3566 Bancroft Drive, Melbourne
1268 Lakewood Drive, Melbourne
$265,000
3 Beds ⋅ 2 Baths ⋅ 1090600 MLS
**NEW ROOF 2024! NEW A/C 2026! UPDATED ELECTRICAL PANEL & GROUNDING!** Major upgrades are already complete, offering peace of mind & potential insurance benefits! Discover this beautifully renovated, move-in-ready 3-bedroom, 1.5-bath concrete block home in the heart of Eau Gallie! Offering 1,282 SF of living space, this home features vinyl floors throughout, no carpet (easy maintenance), a spacious living & dining area, a bright breakfast nook & a stunning NEW kitchen with granite countertops, modern cabinetry, a breakfast bar, and NEW stainless steel appliances. Both bathrooms have been tastefully renovated! Enjoy NEW flooring, interior doors, trim, tall baseboards, and fresh interior and exterior paint. Additional highlights include a separate laundry room, carport, and 0.16-acre lot. Conveniently located minutes from L3Harris, Northrop Grumman, Embraer, Melbourne Orlando International Airport, shopping, and dining. Just 15 minutes to Indian Harbor Beach via the Eau Gallie Causeway!

1268 Lakewood Drive, Melbourne
446 Coral Drive, Melbourne
$399,000
3 Beds ⋅ 2 Baths ⋅ 1090512 MLS
Imagine sunrise strolls along the Indian River, relaxing afternoons at Ballard Park and starlit evenings around your own backyard firepit. This turnkey 3 bedroom, 2 bathroom home is just two minutes away, and every bit of the hard work is already done, so all that's left is to unpack and start living. Sunlight fills the open living, dining and kitchen space, with luxury vinyl plank floors, plantation shutters and recessed lighting throughout. The kitchen is the heart of the home, with quartz countertops, white shaker cabinets, soft-close drawers, stainless appliances and a wide peninsula made for gathering. One bedroom has a vaulted wood-plank ceiling and a custom 60 sq ft loft with a designer ladder. Peace of mind comes standard: new AC in summer 2026, 2022 metal roof, 2023 water heater and electrical panel, new plumbing lines, updated electrical and blown-in attic insulation. No HOA. The baths are fresh and modern, one with a floor-to-ceiling tiled walk-in shower and the other with a new tub, toilet, vanity and sink. A new stacked washer and dryer are included. Step outside to 464 sq ft of covered patio, already wired with a 50-amp circuit for a future hot tub. The large fenced backyard has room to play, garden or entertain, with a firepit, an outdoor shower and a storage shed with a matching metal roof. Bring the RV or the boat: there's an oversized double driveway and a sewer hookup for a 40+ ft travel trailer. Storm shutters are included for every window. At Ballard Park you will find riverfront walking paths, fishing, tennis and basketball courts, a playground and covered picnic pavilions, with shops, dining and the beaches close by.

446 Coral Drive, Melbourne
360 Lofts Drive, Melbourne
$325,000
2 Beds ⋅ 2 Baths ⋅ 1090504 MLS
Modern, updated, and completely move-in ready--this lakefront condo in Suntree is the one you've been waiting for. Featuring 2 bedrooms, 2 baths, plus an office and loft, this home is filled with upgrades: hardwood floors, renovated bathrooms, plantation shutters, shiplap walls, barn doors, and fresh paint throughout. Major systems are already done--A/C (2021), roof (2019), water heater (2019), and new insulation/ceiling (2023). Enjoy peaceful lake views overlooking Suntree Country Club from multiple rooms. The loft offers bonus space with a large walk-in closet, perfect for home gym, expanded closet/dressing area or a flex area. One-car garage with additional parking for you or your guests. HOA covers exterior maintenance, roof, water, lawn care, and pool. Low maintenance, high style--just move in and enjoy. Walking distance to Suntree Country Club and Suntree Elementary.

360 Lofts Drive, Melbourne
8868 Splashing Drive, Melbourne
$449,000
3 Beds ⋅ 2 Baths ⋅ 1089039 MLS
Welcome to beautifully upgraded living in the highly sought-after 55 & BETTER community of Del Webb at Viera. Custom upgrades throughout enhance this elegant, open-concept home featuring 3 Bedrooms and 2 Baths. The spacious quartz kitchen boasts a large island and seamlessly overlooks the dining and living areas - ideal for effortless entertaining. Motorized custom shades add a sophisticated touch, while the private primary suite offers a generous walk-in closet and beautifully appointed bath. Enjoy tranquil lakefront views from the covered, screened lanai. Additional luxury touches include luxury tile and a Shark-Coated garage floor. Del Webb offers an exceptional resort lifestyle with a grand clubhouse, resort pool, fitness center, pickleball, walking trails, Tavern & Grille and endless clubs & activities. Just minutes from premier shopping, dining, golf and all that Viera has to offer. Experience Florida living in a beautifully appointed home designed for comfort & connection!

8868 Splashing Drive, Melbourne
363 Ibis Court, Melbourne
$389,900
3 Beds ⋅ 2 Baths ⋅ 1090491 MLS
Situated on a spacious .4-acre lot in highly sought-after Melbourne Village, this inviting home offers over 1,700 square feet of living space with a bright, welcoming floor plan. The updated kitchen features beautiful countertops and stainless steel appliances, complemented by attractive laminate and vinyl flooring throughout the home. A Florida room under air provides additional space to relax or entertain, while the versatile third bedroom, currently used as a sleeping area, also lends itself to a second living area, office, or den. A metal roof adds to the home's appeal, and the generous lot offers plenty of room to enjoy the outdoors. Discover the space, charm, and flexibility this Melbourne Village home has to offer!

363 Ibis Court, Melbourne
3596 Hoofprint Drive, Melbourne
$439,900
4 Beds ⋅ 2 Baths ⋅ 1090456 MLS
Discover this beautifully renovated, move-in-ready 4-bedroom, 2-bath home in the gated Deer Lakes community in Melbourne FL. Featuring a brand new kitchen renovation with updated cabinets, countertops, flooring, and appliances, plus new flooring throughout. Additional upgrades include a 2022 roof, 2019 A/C, new water heater, and water softener. The spacious split floor plan offers abundant natural light, an oversized primary suite, and a versatile fourth bedroom perfect for a home office or nursery. Enjoy peaceful preserve views and local wildlife from your private screened patio with no rear neighbors. Deer Lakes residents enjoy a community pool and playground. Conveniently located near Viera, shopping, dining, I-95, and the beautiful Space Coast beaches. A wonderful opportunity to own an updated home in a gated Melbourne community!

3596 Hoofprint Drive, Melbourne
692 Supernova Drive, Melbourne
$412,221
4 Beds ⋅ 3 Baths ⋅ 1090449 MLS
This single-story home shares an open layout between the kitchen, dining area and family room for easy entertaining, along with access to an outdoor space for year-round outdoor lounging. A luxe owner's suite is in the rear of the home and comes complete with an en-suite bathroom and walk-in closet. There are three secondary bedrooms at the front of the home, as well as a flex space that can transform to meet the household's needs. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only.

692 Supernova Drive, Melbourne
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