2513 Lipscomb Street

Off Market

2513 Lipscomb Street

Melbourne FL 32901

2607 sq. ft.

7841 sq. ft.

Single-Family

Last sold for $157,500

Laura Auten, last sold this property on 05 June 2026 after 1056 days on market.

Overview

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

Features

5 bedrooms

5 bathrooms

2607 sq. ft. floor area

7841 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Melbourne over the last 12 months, the estimated median property value of 2513 Lipscomb Street is $390k.

Median value

$390k

Estimated value range

$157.5k - $817.32k

Median days on market

Estimated value trend

16%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2513 Lipscomb Street

2026

Sold

$157,500

05 Jun 2026 by Laura Auten, of Elevate Realty LLC

Happy sellers in Melbourne

75%

75% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in Melbourne over the last 12 months.

Local market activity for 5 bedroom single-family properties in Melbourne

In the last 12 months, 6 five-bedroom single-family properties similar to 2513 Lipscomb Street, have been sold.

This represents a 25% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Melbourne for a market analysis.

Shannon McLoren

at Florida Homes Rlty. & Mtg. LLC

(40 reviews)

Get a market analysis

Vera Koon

at Waterman Real Estate Inc Melbourne

(57 reviews)

Get a market analysis

Barbara Zorn

at Better Homes & Gardens RE Star

(144 reviews)

Get a market analysis

Kristen Bear

at Selling 321

4.9

(82 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

Shannon McLoren

Shannon McLoren is a recommended agent for Melbourne. They have 4 local sales and collected 6 local reviews across the last 12 months.

5 (40 reviews)
6 Reviews in Melbourne
4 Sales in Melbourne

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Vera Koon

Sellers who recommend Vera Koon have praised them for being local expert, clear communication, supportive, detail-oriented, responsive, reliable, and empathetic

5 (57 reviews)
3 Reviews in Melbourne
7 Sales in Melbourne

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Barbara Zorn

Sellers who recommend Barbara Zorn have praised them for being local expert, responsive, clear communication, supportive, great negotiation, dedicated, and strategic