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    1248 Highland Ave Melbourne, FL 32935

    For Sale
    $757,997

    MULTI_FAMILY - Melbourne, FL

    Property size:
    1,823 SF
    Lot size:
    0.30 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 1248 Highland Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    27-37-21-01-00000.0-0023.07
    Parking features
    RV, Assigned, Garage
    Exterior features
    Balcony
    Fencing
    Fenced
    Appliances
    Dryer, Microwave, Refrigerator, Washer
    Size
    1,823 SF
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Wood
    Building materials
    Frame, Wood Siding
    Roof type
    Metal, Shingle
    Additional Structures
    Workshop

    Denovo Realty (321) 237-1887 [email protected]

    Listing agent Cartama Ramos Crafton (321) 237-1887

    Listing date Nov 6, 2025

    MLS# 1047748 Listing URL

    Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Home in Arts District

    This fully furnished, restored 1928 historic home is located a 4-minute walk from the Downtown Eau Gallie Arts District, a 3-minute stroll to the river and boat docks, and 8 minutes to Cocoa Beach. The property is currently generating income as a part-time Airbnb rental and offers the possibilities for a full-time Bed & Breakfast. The detached 2-car workshop and fully equipped RV spots can be converted into additional living quarters for nightly rentals. The property is set on a 1/3-acre corner lot and features two entrances, a paved driveway, and ample parking. The detached 2-car workshop offers potential for conversion into a guest house, in-law suite, or private studio. A detached shed awaits transformation into host quarters, a she-shed, or creative retreat. The home features restored hardwood flooring, a formal living room, a family area, a modern kitchen with stainless steel appliances, and a butler's pantry. A downstairs room offers potential as a home office, den, or playroom. Upstairs, there are two bedrooms and two full bathrooms. A third, smaller room is suitable for a nursery, private dressing room, or ensuite extension to the adjacent bedroom. An upstairs balcony offers views of the historic neighborhood and greenery. The Eau Gallie Arts District, home to bars, restaurants, galleries, and boutiques, is a short walk away. The beach is less than ten minutes away, and boat docks and the marina are 3-5 minutes away. Other nearby attractions include the Kennedy Space Center, the Brevard Zoo, and Port Canaveral Cruise Terminal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Ballard House

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.626266
    Latitude
    28.127319

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    FAQs

    What type of property is this?
    Bed & breakfast - Restored 1928 home near Eau Gallie Arts District.
    Where is this bed & breakfast located?
    The property is located at 1248 Highland Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $757,997.
    What are key features of this property?
    This property features: - Income-generating potential as a part-time Airbnb rental with the possibility of conversion to a full-time Bed & Breakfast in the Eau Gallie Arts District.; - Prime location: walking distance to the Eau Gallie Arts District, the river, and a short drive to Cocoa Beach.; - Detached 2-car workshop with potential for conversion into additional living quarters or guest house.
    (321) 237-1887
    Request Owner's contact information
    1248 Highland Ave Melbourne, FL 32935
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    Melbourne, FL 32935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1248 Highland Ave Melbourne, FL 32935
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