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Listing provided courtesy of One Sotheby's InternationalMLS# 1077763MLS Provider
  • 40 days on site
  • 0 views

Opportunity awaits in this 3-bedroom, 2-bath pool home located in an established Melbourne community with an elementary school conveniently situated at the back of the subdivision. Situated at 586 Louvre Drive, this property offers tremendous potential for an investor, flipper, or cash buyer looking to create value. The home features a private pool and spa, spacious layout, and a newer roof. With great bones, desirable location, and strong upside potential, this could be the perfect project for someone ready to transform it into a standout home or investment property.

Source: Brevard Space Coast MLS, MLS#: 1077763

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  • Property Type
    Residential
  • Lot
    0.18 acres

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Melbourne FL Real Estate Market Insights | Homes, Prices & Trends

Melbourne is positioned on Florida’s Space Coast, offering direct access to the Atlantic Ocean and the Indian River Lagoon. View a snapshot of Melbourne’s housing activity, including current listings, recent sales, average sale prices, and demographic trends.

Learn More
  • Median Age
    40
  • Population Density
    2,430
  • College Educated
    38%
  • Estimated Median Income
    $53,207
  • Estimated Total Home Owners
    9,926
  • Estimated Total Renters
    6,871
  • Owner / Renter Divide
    59% / 41%
  • Estimated Average Household Size
    3
  • Total Population
    42,463
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 586 Louvre Drive

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/15/2026Source: Brevard Space Coast MLS Price Reduction
$279,000 -3.5%
6/12/2026Source: Brevard Space Coast MLS Price Reduction
$289,000 -1.7%
6/2/2026Source: Brevard Space Coast MLS Price Reduction
$294,000 -1.7%
5/20/2026Source: Brevard Space Coast MLS Added to Database
May 20, 2026