1210 Palmwood Dr, Melbourne, FL 32935

Features: Exclusive Off-Market single family presents a solid value-add opportunity in a stable Brevard County neighborhood with strong rental and resale demand. This SF home offers upside through light renovations, making it ideal for a buy-and-hold or flip. Located near major roadways, schools, and employment hubs, the property benefits from consistent tenant demand and neighborhood comps that support appreciation after improvements.

Potential ARV: $240,000- $250,000

Rehab Description:  Roof replaced about 10 years ago(no permit). No central ac but has ductwork in place. Plumbing updated 10 years ago. Electrical panel updated 3 years ago. water heater replaced 1 year ago. For a flip or rental this needs updating to the kitchen, bathrooms, flooring, and fixtures. Finish off by applying fresh interior/exterior paint, and some landscaping to boost curb appeal.

Construction: CBS

Estimated Rehab: $40,000-50,000

Comparable rent: $1,721

Closing Date: On or before 3/6/26

Occupancy: Vacant at closing

Information believed to be accurate but not warranted

Comp 1:

1800 Elmwood Dr, Melbourne, FL 32935, 4 beds, 2 baths, total area 1,564 sqft, 8,276 sqft lot,  Sold for $280K 10/2025, Updated

Comp 2:

1530 Windward Dr, Melbourne, FL 32935, 4 beds 2 baths, 2,020 total sqft, 7,405 sqft lot, 1965 build, sold 10/2025 for $300K, Updated

Comp 3:

512 Palmetto Dr, Melbourne, FL 32935, 3 beds, 2 baths, 2,225 total sqft, 1955 build, sold for $300K 10/2025, Outdated

Comp 4:

2062 Cedarwood Dr, Melbourne, FL 32935, 3 beds, 2 baths, 1,521 total sqft, 1963 build, Sold for $270K 09/2025, Updated