Melbourne Homes under $200,000

Melbourne Homes under $200,000

Welcome to Melbourne, Florida—a vibrant city nestled along the picturesque Space Coast of Brevard County. Known for its stunning beaches, rich cultural scene, and a warm, inviting community, Melbourne is a hidden gem that combines the best of coastal living with urban convenience. With its close proximity to the Atlantic Ocean, residents enjoy year-round sunshine and a plethora of outdoor activities, from surfing to kayaking and everything in between.

Melbourne boasts a diverse array of amenities, including charming boutiques, delectable dining options, and a thriving arts scene. The city's historic downtown area is a delightful blend of old-world charm and modern flair, perfect for leisurely strolls or lively evenings out. Families will appreciate the excellent schools, parks, and recreational facilities that Melbourne has to offer, making it an ideal place to call home.

For those on a budget, Melbourne presents an exciting opportunity with homes available for under $200,000. Whether you're a first-time homebuyer, a savvy investor, or looking for a cozy retirement retreat, you'll find a variety of options that cater to your needs. From quaint single-family homes to comfortable condos, the affordable housing market in Melbourne allows you to embrace the Florida lifestyle without breaking the bank.

Discover the charm of Melbourne, where affordability meets coastal beauty, and start your journey to finding the perfect home in this delightful city today! With its friendly atmosphere and endless opportunities, Melbourne is more than just a place to live—it's a place to thrive.

Newest Melbourne Homes under $200,000

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
2132 Allan Adale Road, Melbourne
$169,900
3 Beds ⋅ 2 Baths ⋅ 1090170 MLS
INVESTOR SPECIAL - FIXER UPPER! NO SHOWINGS Great opportunity for investors, renovators, or buyers looking to add their own personal touch. This 3-bedroom, 1.5-bath block home offers plenty of potential for someone ready to roll up their sleeves and bring it back to life. Features include impact windows for added storm protection and a roof installed in 2013. With some TLC and vision, this property could be a great opportunity to renovate and sell or rent. This home does not have central AC needs flooring and electrical updating. This is a CASH SALE only and seller is not making any repairs.

2132 Allan Adale Road, Melbourne
6441 Borasco Drive Unit 2404, Melbourne
$149,900
1 Beds ⋅ 1 Baths ⋅ 1090033 MLS
Cozy One bedroom situated on the 2nd floor in highly sought after Viera Community. Come live the lifestyle in the heart of Viera in this 1/1 condo in Three Fountains of Viera. The gated community has its own private entrance to The Avenues so you can shop, dine and see a movie all within walking distance of home. The community offers many amenities such as a fitness center, resort style swimming pool with lush landscaping, heated spa and entertainment area. 1 assigned parking space ONLY. Guest parking for visitors. 1 pet with maximum of 35lbs. allowed.

6441 Borasco Drive Unit 2404, Melbourne
6441 Borasco Drive Unit 3406, Melbourne
$194,900
2 Beds ⋅ 2 Baths ⋅ 1089953 MLS
SELLER FORCED TO LEAVE FOR WORK!! ABSOLUTELY ADORABLE END UNIT TOP FLOOR FULLY RENOVATED END UNIT! , STAINLESS APPLIANCES, Laminate Flooring THROUGHOUT, NEW Cabinets in Kitchen! Quartz Counter tops with lowered breakfast bar for all your entertaining. ~UPDATED BATHROOMS~ New Hot Water Heater, Impact Windows. Come live the lifestyle in the heart of Viera in the sought after Three Fountains of Viera. The gated community has its own private entrance to The Avenues so you can shop, dine and see a movie all within walking distance of home. The community offers many amenities such as a fitness center, resort style swimming pool with lush landscaping, heated spa and entertainment area. 2 assigned parking space ONLY. Guest parking for visitors only. 2 pet with maximum of 35lbs allowed. DETACHED STORAGE UNIT INCLUDED!!! A MUST SEE!!

6441 Borasco Drive Unit 3406, Melbourne
588 N Wickham Road Unit 51, Melbourne
$154,900
2 Beds ⋅ 2 Baths ⋅ 1089606 MLS
Discover comfortable, convenient living in this well-maintained 2-bedroom, 2-bathroom home featuring easy, first floor access. Whether you're looking for a place to call home or a promising investment opportunity, this property offers versatility and value. The interior features new vinyl flooring throughout the main living areas, complemented by warm, wood-looking laminate flooring in the bedrooms. The spacious living and dining areas provide a welcoming setting for everyday living and entertaining. Conveniently located just minutes from Melbourne beach and I-95, this home offers easy access to commuting routes and nearby attractions. Don't miss the opportunity to make this property your own or add it to your investment portfolio!

588 N Wickham Road Unit 51, Melbourne
5663 Star Rush Drive Unit 202, Melbourne
$195,000
2 Beds ⋅ 2 Baths ⋅ 1089079 MLS
Spectacular 2-bedroom, 2-bath condo in the gated community of Lakes at Viera East! This desirable end unit offers abundant natural light, an open floor plan, and luxury vinyl flooring throughout—no carpet! Enjoy the perfect blend of comfort, style, and convenience in a beautifully maintained community surrounded by manicured landscaping. Ideally located near outstanding shopping, restaurants, and everyday essentials, with easy access to I-95 and US 1 for commuting and travel. Situated in an area known for its excellent Brevard County schools, this home offers an appealing location for a variety of lifestyles. Whether you are a young professional seeking a convenient place to call home, a snowbird looking for your Florida getaway, or a small family wanting comfort and accessibility, this condo is an opportunity you won't want to miss. Enjoy low-maintenance living in a sought-after Viera East location close to everything you need! HVAC 2026

5663 Star Rush Drive Unit 202, Melbourne
758 Ridge Club Drive Unit 62, Melbourne
$150,000
2 Beds ⋅ 2 Baths ⋅ 1089404 MLS
Welcome to this beautifully updated condo in the heart of Melbourne! This inviting home features updated finishes, including granite countertops, comfortable living spaces, and a relaxing screened porch—perfect for enjoying Florida's year-round sunshine. Residents can also enjoy the community pool, ideal for cooling off or unwinding after a long day. Conveniently located just 5 minutes from I-95, this condo offers easy access to shopping, dining, entertainment, and all that Melbourne has to offer. Best of all, you're only about 20 minutes from the beach, making coastal getaways easy and convenient. Whether you're looking for a full-time residence, vacation home, or investment property, this condo offers comfort, convenience, and the Florida lifestyle you've been looking for

758 Ridge Club Drive Unit 62, Melbourne
1776 Sophias Drive Unit 302, Melbourne
$155,900
1 Beds ⋅ 1 Baths ⋅ 1089230 MLS
Convienently located condo unit in highly sought after Lakes at Viera East. Beautifully maintained quiet top floor unit with view of lake. Luxury vinyl plank flooring throughout. Community includes gated access, resort style pool, fitness center, dedicated fenced area for boats or RV's. Unit also includes carport #7.

1776 Sophias Drive Unit 302, Melbourne
1225 N Wickham Road Unit 622, Melbourne
$106,900
1 Beds ⋅ 1 Baths ⋅ 1089267 MLS
Location, Location! Walk to shopping, dining and retail. Perfect location between Melbourne and Viera with easy access to Eau Gallie Blvd, for a short ride to the beaches. Minutes to Eastern Florida State College, ( perfect for out of area college students), and the Maxwell King Center. Easy access to I-95 for major shopping areas, theaters, Orlando, (so many attractions and entertainment) or south towards Vero Beach and North towards the Port. This one bedroom condo with a balcony over looking a relaxing green area is perfect as a starter home, for snowbirds, down sizers, college students or investors. PLUS - this unit has an extra added feature - a washer and dryer unit recently built in to the kitchen area. Community amenities include central laundry facilities, a swimming pool with sun deck, clubhouse and beautifully maintained grounds.

1225 N Wickham Road Unit 622, Melbourne
7667 N Wickham Road Unit 616, Melbourne
$165,000
1 Beds ⋅ 1 Baths ⋅ 1089179 MLS
CONDO IN A GREAT LOCATION w/VIEW & GARAGE! If you're looking for an opportunity own in Cypress Cove at Suntree Condominiums, this one's worth a look. This 1-bedroom, 1-bath second floor condo is priced right for what this community has to offer, giving you room to add value on your own terms. New windows and slider are already done, which helps with both efficiency and peace of mind. Beyond that, it's ready to move-in or bring your vision and make it your own, whether that's a personal update or a straightforward rental-ready refresh. Suntree's resort-style amenities make this a location tenants and owners both appreciate: sparkling pool w/spa, tennis courts, dog park, playground and well-kept grounds, all close to Brevard Zoo, Wickham Park, shopping, and dining. For investors building a rental portfolio or anyone ready to put your own touch on it, this is a solid one to consider. We'd love to talk through the possibilities - reach out anytime to schedule your viewing!

7667 N Wickham Road Unit 616, Melbourne
1225 N Wickham Road Unit 415, Melbourne
$148,000
2 Beds ⋅ 2 Baths ⋅ 1089164 MLS
Updated 2-bedroom, 2-bath condo in Eagles Nest Condo community on Wickham Rd. This move in ready condo features LVP flooring, fresh paint, spacious bedrooms, and a private patio overlooking the green space. Enjoy a well-kept community offering a sparkling pool, clubhouse, and new laundry facilities. Centrally located between Melbourne, just minutes to EGAD, Melbourne Airport, beaches, dining, shopping, and the King Center. Low-maintenance living with the HOA including cable, internet, water, pest control, exterior maintenance and insurance. Ideal for first-time buyers, downsizers, or investors. Schedule your showing today!

1225 N Wickham Road Unit 415, Melbourne
1031 Regency Drive, Melbourne
$150,000
2 Beds ⋅ 2 Baths ⋅ 1088747 MLS
Beautifully updated first-floor condo in a centrally located gated community! This move-in-ready home offers an open, spacious floor plan with stylish wood-look tile flooring throughout the main living areas. The updated kitchen features newer cabinetry, granite countertops, and stainless-steel appliances, making it both functional and inviting. The living room opens to a screened lanai overlooking a large green space and the community pool—perfect for enjoying your morning coffee or relaxing at the end of the day. The generous primary bedroom offers a walk-in closet, while both bathrooms have been tastefully updated. Additional outdoor storage is conveniently located on the patio. Enjoy the ease and accessibility of first-floor living in a well-maintained gated community. Ideally located near I-95, US 1, Wickham Road, Highway 192, the airport, hospitals, shopping, dining, and so much more. An opportunity for full-time residence, seasonal retreat, or investment. HW 2022, AC 2025.

1031 Regency Drive, Melbourne
Start Your Search

How much is your home worth?

Get instant property value now!