Melbourne Homes under $500,000

Melbourne Homes under $500,000

Welcome to Melbourne, Florida – a vibrant coastal city that perfectly blends the charm of a small town with the excitement of a bustling urban center. Nestled in Brevard County along the picturesque Space Coast, Melbourne is known for its stunning beaches, rich cultural scene, and a warm, inviting community atmosphere. With its proximity to the Atlantic Ocean, residents enjoy a variety of outdoor activities, from sunbathing on sandy shores to exploring the nearby Indian River Lagoon, a haven for wildlife and water sports enthusiasts.

For those seeking a home in this delightful city, Melbourne offers an array of options, particularly for buyers looking for properties under $500,000. This price range opens the door to a diverse selection of homes, from charming single-family residences to modern townhouses, all designed to cater to various lifestyles and preferences. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find plenty of opportunities to settle into a space that feels just right.

In addition to its beautiful homes, Melbourne boasts excellent schools, a thriving arts community, and numerous parks and recreational facilities. The city’s rich history is showcased in its historic downtown area, where you can find unique shops, delightful cafes, and local events that bring the community together. With its perfect blend of natural beauty, cultural richness, and affordable housing options, Melbourne, Florida is truly a place you’ll be proud to call home. Discover your dream home in this enchanting city today!

Newest Melbourne Homes under $500,000

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
2163 Dryden Court, Melbourne
$399,999
5 Beds ⋅ 3 Baths ⋅ 1090427 MLS
Spacious, flexible and designed for the way you actually live, this two-story home in Preserve at Lake Washington offers room to spread out. A first-floor bedroom and full bath add valuable flexibility for guests, multigenerational living, a home office or other changing needs. The kitchen flows easily into the main living areas, while upstairs you'll find an oversized primary suite, additional bedrooms and flexible living space. Impact windows throughout provide added storm protection and everyday peace of mind without the hassle of installing shutters. Out back, a screened lanai extends the living space outdoors, overlooking an open backyard and peaceful water view.

2163 Dryden Court, Melbourne
8154 Loren Cove Drive, Melbourne
$459,000
3 Beds ⋅ 2 Baths ⋅ 1090424 MLS
Luxury, Lifestyle and Location. Enjoy the Viera lifestyle in this custom built, highly upgraded, meticulously maintained, original owner, non-smoker villa. Minutes from master planned shopping, dining, entertainment, medical facilities, parks, golf, pickleball and miles of walking and biking trails, you are just as close to the beaches, Port Canaveral, Orlando and all the Space Coast offers. Designed for everyday living and entertaining, this home features open concept design and a 3 bedroom, 2 bath split floor plan for added privacy. Concrete block construction, front impact windows and storm shutters offer added peace of mind. Upgraded wood look tile, cabinetry and countertops further elevate the upgraded interior. Relax on the extended, screened lanai with private water and conservation views on one of the best lots in the community. HOA maintained exterior and Addison Village Club membership adds even more convenience. Top rated schools. Very recent appraisal on file

8154 Loren Cove Drive, Melbourne
6059 Van Ness Drive, Melbourne
$499,900
4 Beds ⋅ 3 Baths ⋅ 1090415 MLS
Experience the ultimate Florida lifestyle in this beautiful 3-bedroom plus flex space, 3-bath home offering 2,006 sq. ft. on a premium corner lot in a guard-gated 55+ community! Designed for comfort and entertaining, this home features an open floor plan, granite countertops, NEW stainless steel appliances, and an extended covered lanai perfect for outdoor gatherings. The spacious primary suite offers a custom walk-in closet with built-ins and a walk-in shower. NEW HVAC 2026! Roof 2015. Embrace the incredible golf cart lifestyle, where resort-style amenities and endless activities await! Enjoy golf, a sparkling pool, fitness center, on-site restaurant, tennis, walking trails, and a vibrant social calendar. Cruise by golf cart to visit friends and enjoy the exceptional community atmosphere! Conveniently located near Viera shopping, dining, Brevard Zoo, and beautiful beaches. Lawn care and exterior painting included at $386 a month!

6059 Van Ness Drive, Melbourne
1550 Hillcrest Drive, Melbourne
$249,000
3 Beds ⋅ 2 Baths ⋅ 1090391 MLS
Grab this affordable Central Melbourne concrete-block home on a quarter-acre lot! No HOA. Move-in ready! NEW ROOF 2026 and whole-house plumbing repiped in 2020, no cast iron pipes! This 3-bedroom, 1.5-bath home offers nearly 1,500 SF of living space, plus a 1-car garage and laundry room. Large front and rear windows fill the open-concept floor plan with natural light. The kitchen features pine wood cabinets and a newer dishwasher. A faux fireplace adds charm. Jack & Jill bathroom has 2 separate sink/toilet areas adjacent to the tub/shower. HVAC 8 years; water heater 6 years. Electrical panel 2021. 4-Point & Mitigation Inspection Reports completed 2026. Just off Eau Gallie Blvd with quick access to I-95 and only 5 miles to the beach. Walk to nearby schools and Crane Park with its playground, dog park and ball fields. Bike to the Eau Gallie Arts District (EGAD) for restaurants, boutiques, galleries, waterfront dining, a craft brewery, yoga studio, farmer's market, and entertainment.

1550 Hillcrest Drive, Melbourne
3532 D'avinci Way Unit 1055, Melbourne
$165,000
3 Beds ⋅ 2 Baths ⋅ 1090049 MLS
Welcome to this ground floor, 3 bedroom 2 bathroom condo located in the desirable gated community of the Village at Melbourne! Featuring wood look tile, stainless steel appliances and granite countertops. Enjoy a low-maintenance lifestyle with access to community amenities, including a swimming pool, clubhouse, tennis courts and a fitness center. This gated community is close to Florida Institute of Technology, shopping and dining. Whether you're a first time homeowner, looking to downsize, or searching for an investment opportunity, this property is a must see. Enjoy the best of Melbourne living in a gated community close to everything you need!

3532 D'avinci Way Unit 1055, Melbourne
3975 Almeida Court Unit 101, Melbourne
$215,000
3 Beds ⋅ 2 Baths ⋅ 1090304 MLS
Welcome to your dream condo in West Melbourne! This stunning corner lot property boasts 3 bedrooms and 2 bathrooms, making it the perfect home for a first-time buyer or a growing family. With a community pool, clubhouse, and gym, you'll have all the amenities you could ever need right at your fingertips. The two separate single garages provide ample parking and storage space, while the central location ensures easy access to all that West Melbourne has to offer. Whether you're looking to relax by the pool, work out in the gym, or entertain friends and family in the spacious club house, this condo has it all. Don't miss out on the opportunity to make this beautiful property your own and start living the luxurious lifestyle you deserve. Come see why this condo is the perfect place to call home in West Melbourne! this unit comes with 2 Garages. not everyone has Garages in this subdivision HOA Fees incl Water, Sewer, Trash, Roof, Ground Maintenance, Gym, community Pool

3975 Almeida Court Unit 101, Melbourne
4424 Coquina Ridge Drive, Melbourne
$199,000
1 Beds ⋅ 1 Baths ⋅ 1090293 MLS
Location, Location, Location! Don't miss out on the opportunity to own this adorable single family home located in Palm Shores directly across from the Indian River surrounded by million dollar homes! This is a perfect starter home or would be a great investment property as well. The concrete block home features a 2017 metal roof, tile through out, updated bathroom in 2025, spray foam installation in 2026, 2024 tankless water heater, 2025 AC, 2026 wood Privacy fence with double gate for RV or Boat parking, Stainless steel appliances with Gas range, Washer and dryer hook up in the shed, fire pit, lots of room to park in front yard, and the house is hooked up to city water. The septic tank is located in the front yard west of the front door. The drain field is bad and will need to be addressed in the future however the city has stated that construction will start in 2027 for sewer to be available for this property and grants will be offered to hook up to city sewer once available.

4424 Coquina Ridge Drive, Melbourne
287 Mcclain Drive, Melbourne
$344,900
3 Beds ⋅ 2 Baths ⋅ 1090291 MLS
Welcome home! This inviting 3-bedroom, 2-bath home offers a spacious, open layout with soaring cathedral ceilings that create a bright and airy atmosphere. The thoughtfully designed split-bedroom floor plan provides privacy, while the generous living area offers plenty of room for relaxing or entertaining. The kitchen flows effortlessly into the dining area, making everyday living and gatherings a breeze. The primary suite offers a comfortable retreat, while two additional bedrooms provide flexibility for family, guests, or a home office. Step outside to a private backyard with plenty of potential for outdoor entertaining, pets, or simply enjoying Florida's beautiful weather. Conveniently located near shopping, restaurants, parks, and a short drive to the beaches. With a 2019 HVAC system and 2021 water heater, this home is ready for its next chapter!

287 Mcclain Drive, Melbourne
1947 Glen Meadows Circle, Melbourne
$419,000
3 Beds ⋅ 2 Baths ⋅ 1090148 MLS
Welcome to Croton Meadows, where comfort, thoughtful updates, and an exceptional location come together! This well-maintained concrete block home features a desirable split floor plan, tile flooring throughout, and an updated kitchen showcasing shaker-style cabinetry, beautiful quartz countertops, newer stainless steel appliances, including a NEW gas range. Enjoy Florida living on the expansive screened patio overlooking a spacious fenced backyard with plenty of room for a future pool. A NEW roof, gutters, painted exterior, storm panels, and wind-rated garage door add peace of mind. The garage offers storage cabinetry, a workbench, and upgraded attic stairs access with overhead decking. Nestled along the perimeter of Wickham Park, this established neighborhood offers sidewalks for walking, jogging, and dog walking, with convenient access to shopping, the King Center, US 1, Pineda Causeway, and the Space Coast's major employers. A wonderful place to call home!

1947 Glen Meadows Circle, Melbourne
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