Melbourne Homes under $500,000

Melbourne Homes under $500,000

Welcome to the vibrant city of Melbourne, Florida, where the sun shines brightly and the lifestyle is as inviting as the warm coastal breeze. Nestled in Brevard County, Melbourne is renowned for its rich cultural scene, beautiful beaches, and an array of outdoor activities that cater to every lifestyle. Whether you're a nature lover, a beach enthusiast, or someone who appreciates a thriving community, Melbourne has something for everyone.

One of the most appealing aspects of this charming city is its diverse real estate market, particularly for those seeking homes under $500,000. Here, you can find a variety of options that fit your needs and budget. From cozy single-family homes in friendly neighborhoods to modern condos with stunning views, Melbourne offers a range of properties that make homeownership accessible and enjoyable.

Living in Melbourne means you can enjoy the best of both worlds – a peaceful suburban atmosphere with easy access to bustling urban amenities. The city boasts excellent schools, a plethora of parks, and a vibrant downtown area filled with shops, restaurants, and cultural attractions. Plus, with its close proximity to the breathtaking beaches of the Atlantic Ocean, residents can indulge in sun-soaked days and picturesque sunsets year-round.

Discover your dream home in Melbourne, where the perfect blend of affordability, community, and coastal charm awaits. With homes under $500,000, now is the ideal time to invest in a lifestyle that embraces both relaxation and adventure. Come explore all that Melbourne has to offer – your new home is just a visit away!

Newest Melbourne Homes under $500,000

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
1865 Ixora Drive W, Melbourne
$309,000
3 Beds ⋅ 2 Baths ⋅ 1090269 MLS
Spectacular sunrises, breathtaking sunsets, and a little extra privacy to enjoy it all! This beautifully maintained 3-bed, 2-bath home welcomes you with lovely curb appeal, fresh paint inside and out, and an oversized front window that fills the home with natural light. Inside, you'll find granite countertops, stainless steel appliances, vinyl flooring, and a charming bonus space perfect for a home office, playroom, or creative retreat. Step outside to your screened-in porch, where colorful skies and peaceful surroundings set the scene for relaxing Florida evenings. The fenced backyard backs to open space with no rear neighbors, offering a wonderful sense of privacy! Enjoy low-maintenance living with a brand-new A/C, plus a roof and water heater both just 4 years old. No HOA! Conveniently located near shopping, dining, the airport, Eastern Florida State, and L3Harris, with the beach approximately 6 miles away. A lovely place to settle in and enjoy all the Space Coast has to offer.

1865 Ixora Drive W, Melbourne
7064 Red Bay Court, Melbourne
$365,000
3 Beds ⋅ 2 Baths ⋅ 1090262 MLS
Fall in love with this inviting 3-bedroom, 2-bath home in highly coveted Hammock Trace in Viera East! Combining stylish updates, a desirable split floor plan, and a privacy-fenced backyard, this home is ready to impress. The kitchen shines with white cabinetry, granite countertops, stainless steel appliances, and a convenient pantry. Luxury plank vinyl flooring flows throughout, while vaulted ceilings create an airy, welcoming family room. Retreat to the spacious primary suite featuring a walk-in closet and bath with dual sinks, granite countertops, and a walk-in shower with built-in safety grab bars. Bedrooms 2 and 3 share the second bath, complete with a new vanity. Enjoy added value and confidence with a 6-year-old roof, 2-year-old water heater, and brand-new AC. Fresh exterior paint, newly painted garage interior and floor. Cool off in the lovely community pool and enjoy A+ rated Viera schools. Experience the sought-after Viera East lifestyle in a home you'll love coming home to!

7064 Red Bay Court, Melbourne
737 Spring Valley Drive, Melbourne
$305,000
3 Beds ⋅ 2 Baths ⋅ 1090257 MLS
Easy Florida living awaits at 737 Spring Valley Drive in The Courtyards of Suntree. Step through the courtyard entry into this 3 bedroom, 2 bath townhome with 1,454 square feet and a one-car garage. The kitchen showcases granite countertops, updated cabinetry and a tile backsplash, and both bathrooms feature updated cabinets and granite counters. Impact windows and storm shutters for the sliding doors add peace of mind, and the A/C was replaced in 2019. The HOA covers grounds and structural exterior maintenance, so you can spend your time enjoying the community pool and tennis courts. Ideally located close to shopping, dining, golf and parks. Come see what Suntree living is all about!

737 Spring Valley Drive, Melbourne
2500 Eagle Drive, Melbourne
$240,000
2 Beds ⋅ 1 Baths ⋅ 1090250 MLS
Enjoy relaxed Florida living in this two-bedroom, one-bath, ground-floor condo at The 19th Hole in Melbourne. Situated adjacent to Harbor City Golf Course, this inviting residence features a screened patio—a lovely spot for morning coffee or unwinding at the end of the day. Accordion hurricane shutters add convenience, while the community pool and clubhouse are just steps from your front door. Whether you're seeking a year-round residence or a seasonal retreat, this condo offers an opportunity to enjoy the Space Coast lifestyle.

2500 Eagle Drive, Melbourne
1360 Pilgrim Avenue, Melbourne
$329,000
4 Beds ⋅ 3 Baths ⋅ 1090216 MLS
Welcome to resort style living in a private country club community, offering top notch amenities. This spacious 4-bedroom, 3-bathroom expanded Montpelier model, perfectly situated on the golf course with beautiful views! Featuring vaulted ceilings and a bright, open feel, this home offers plenty of room for comfortable everyday living and entertaining. The generously sized primary suite provides a relaxing retreat, while the additional bedrooms and bathrooms offer plenty of space and privacy for overnight guests. Whether hosting family gatherings, entertaining friends, or simply enjoying a quiet evening at home, this versatile floor plan has room for it all. Additional highlights include a convenient indoor laundry room and a spacious 3-car garage offering plenty of storage. Step outside to the wonderful covered porch, the perfect spot to enjoy your morning coffee, relax in the shade, or unwind while taking in the peaceful golf course views. With its generous living spaces, flexible layout, and beautiful setting, this home is ready for you to make it your own! Home to over 600 military veterans, Indian River Colony Club is a private 55+ country club community offering a unique blend of camaraderie, comfort, and care. Residents enjoy an extensive home maintenance program and access to exceptional amenities, including an 18-hole golf course, fine dining with an executive chef, the casual 19th Hole restaurant and bar, fitness center, heated pool, tennis, croquet, bocce ball, shuffleboard, and more. This pet-friendly, gated community boasts over 60 social and activity groups—making every day feel like a vacation.

1360 Pilgrim Avenue, Melbourne
4901 Spinet Drive, Melbourne
$499,999
4 Beds ⋅ 3 Baths ⋅ 1090197 MLS
Motivated Seller! Welcome to 4901 Spinet Drive in the highly desirable Grand Haven community! This spacious two-story home offers an incredible opportunity in one of Melbourne's most convenient locations. Situated in a highly regarded school district, with easy access to I-95, shopping, dining, and entertainment. The kitchen features stone countertops, white cabinetry, and a beautiful backsplash. The updated primary bathroom includes separate his-and-hers closets. Enjoy updated flooring throughout, a downstairs laundry room, and a versatile flex space perfect for a home office, gym, craft room, or potential additional bedroom. Step into the fully fenced backyard and take in the peaceful lake views, creating the perfect setting for relaxing or entertaining. With its established neighborhood, desirable schools, and unbeatable location, this home offers the perfect blend of comfort and convenience. Don't miss your opportunity to call Grand Haven home!

4901 Spinet Drive, Melbourne
3948 Saint Armens Circle, Melbourne
$412,500
3 Beds ⋅ 2 Baths ⋅ 1090179 MLS
PROFESSIONAL PHOTOS COMING SOON. Welcome home! This well-maintained home is ready for its new owner! Proudly owned by its original owners, this home was thoughtfully designed with large living space, including a primary suite extended by 4 feet and secondary bedrooms enlarged by 2 feet, offering additional room for comfort and flexibility. Major updates include a new A/C unit (10/2026), 2020 roof, and 2021 water heater, providing added peace of mind for the next owner. Situated on a larger pie shaped yard this home is ready for its next chapter. Don't miss the opportunity to make it your own!

3948 Saint Armens Circle, Melbourne
4418 Sherwood Boulevard, Melbourne
$320,000
3 Beds ⋅ 2 Baths ⋅ 1089984 MLS
Fresh, modern, and move-in ready! This beautifully renovated 3-bedroom, 2-bath home packs style and value into one inviting package. Enjoy a refreshed kitchen with Whirlpool appliances under warranty, fully remodeled bathrooms, energy-efficient LED lighting, a 2022 steel roof, and an HVAC system in excellent condition. Need extra space to unwind? The bonus lounge with a cozy fireplace delivers the perfect spot to relax or entertain. Situated on a desirable corner lot with a long driveway and backyard storage shed, this home checks all the boxes! Conveniently located near Wickham Park, Eastern Florida State College, shopping, and dining, with the beaches and Patrick Space Force Base just approximately 15 minutes away. Modern upgrades, a great location, and Florida living at its best—come see it for yourself!

4418 Sherwood Boulevard, Melbourne
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