Melbourne Homes under $200,000

Melbourne Homes under $200,000

Welcome to Melbourne, Florida – a vibrant city nestled along the picturesque Space Coast, where the sun shines bright and the community spirit thrives. Known for its beautiful beaches, lush parks, and rich cultural scene, Melbourne offers an inviting atmosphere for families, retirees, and young professionals alike. With a population that embraces diversity and a plethora of recreational activities, it’s no wonder that Melbourne is a sought-after destination in Brevard County.

For those looking to invest in their future without breaking the bank, Melbourne boasts an impressive selection of homes priced under $200,000. Whether you’re a first-time homebuyer or seeking a cozy retreat, there are numerous options available that cater to various lifestyles and preferences. From charming single-family homes to modern condos, these affordable properties provide an excellent opportunity to experience the best of Florida living.

Imagine waking up to the sound of waves crashing on the shore, with the beautiful Atlantic Ocean just a short drive away. With an array of local amenities, including shopping centers, dining options, and recreational facilities, you’ll find everything you need right at your doorstep. Plus, Melbourne’s strategic location offers easy access to major highways, making it convenient for commuting to nearby cities or exploring the breathtaking natural wonders of the region.

Don’t miss your chance to become a part of this thriving community. With homes under $200,000, Melbourne is not just a place to live; it's a place to create lasting memories. Explore your options today and discover why Melbourne, Florida, is the perfect place to call home!

Newest Melbourne Homes under $200,000

1487 Sherry Lane, Melbourne
$155,000
3 Beds ⋅ 1 Baths ⋅ 1088941 MLS
Highest and Best Offers Due Sunday, 4 Oct at 5:00 PM. Welcome to 1487 Sherry Lane. This home is being sold AS IS and offers a great opportunity for a first-time buyer, investor, or buyer looking to add their own personal touches. Conveniently located near shopping, dining, schools, major roadways, and everyday essentials. The home features a functional layout with plenty of potential, along with a large, fully fenced backyard ideal for pets, entertaining, gardening, or outdoor enjoyment. Property is available for cash or conventional financing. Bring your vision and make this home your own. Seller is requesting Highest and Best Offers by 5:00 PM Sunday, 4 October.

1487 Sherry Lane, Melbourne
3970 Dewberry Circle, Melbourne
$199,900
2 Beds ⋅ 2 Baths ⋅ 1088830 MLS
WELCOME HOME to Bayberry Estates! This cute cement block home offers affordable Florida living in a convenient location close to shopping, dining, golf, I-95, and just 12 minutes from the beach. The open floor plan features 2 bedrooms, 2 bathrooms, a 1-car garage, vaulted ceilings, and tile flooring throughout. Both bedrooms include walk-in closets, while the primary bath features a walk-in shower. The guest bath offers generous vanity space, a linen closet, and tub/shower combination. Upgrades include a newer 14.3 SEER Trane heat pump HVAC (2025), water heater (2022), and many impact-rated windows. Relax on the screened porch overlooking the large backyard. A long driveway provides plenty of parking. Low HOA fees include access to the community pool, tennis court, and common-area maintenance, with sidewalks throughout the neighborhood. Enjoy affordable Florida living at its BEST!

3970 Dewberry Circle, Melbourne
3551 D Avinci Way Unit 3037, Melbourne
$150,000
2 Beds ⋅ 2 Baths ⋅ 1088795 MLS
Well-maintained top-floor 2-bedroom, 2-bath condo overlooking the pond and park. The interior was updated in 2025, which includes new vinyl plank flooring and baseboards, freshly painted interior, new ceiling light fixtures and fans, new kitchen sink and plumbing, and new dishwasher. The unit also features a stackable washer/dryer, ample storage, private storage room, and a private balcony with a beautiful water view. Water and sewer are included. Community amenities include a sparkling pool, clubhouse, recreation court, and 24-hour fitness center. Conveniently located just minutes from Florida Tech, downtown Melbourne, shopping, dining, Harris, and Northrop Grumman. Close to grocery stores and everyday conveniences. This condo offers comfortable living in a convenient location and can be a great option for a primary residence, second home, student, professional, or investment property.

3551 D Avinci Way Unit 3037, Melbourne
819 Almond Boulevard, Melbourne
$190,000
3 Beds ⋅ 2 Baths ⋅ 1088357 MLS
Come see this 3-bedroom, 2-bath home offering approximately 1300 square feet of comfortable living space in a convenient Melbourne location. This home provides a practical layout with plenty of potential for comfortable everyday living, whether you're a first-time homeowner, downsizing, or looking for an investment property. The home features a functional living area designed for easy living and entertaining. Its manageable size makes it easy to maintain while still providing the space and flexibility of a three-bedroom home. Conveniently located near Florida Institute of Technology and just a short distance from Downtown Melbourne, you'll enjoy easy access to shopping, dining, entertainment, schools, parks, and major roadways. The location offers a great balance of convenience and accessibility, making this property an appealing option for homeowners, students, professionals, or investors!

819 Almond Boulevard, Melbourne
904 Poplar Lane, Melbourne
$175,000
3 Beds ⋅ 2 Baths ⋅ 1088046 MLS
Investor or renovation opportunity in Melbourne! This 3-bedroom, 2-bath home offers 1,134 sq. ft. of living space. Brand NEW ROOF recently installed by Seller in 2026. The kitchen has already been gutted and is ready for the next owner to complete the renovation and bring their vision to life. Great opportunity for an investor, flipper, landlord, or end user looking to customize a home at an attractive price point. Convenient Melbourne location with easy access to major roadways, shopping and everyday amenities. Property is being sold strictly AS-IS. Cash or hard money only. Only serious offers will be considered.

904 Poplar Lane, Melbourne
520 Ryoland Street, Melbourne
$125,000
2 Beds ⋅ 1 Baths ⋅ 1086909 MLS
Charming 2-bedroom, 1-bath home in Melbourne featuring updated flooring and a fresh, inviting feel. The practical layout offers comfortable living spaces and two well-appointed bedrooms, making this home a great opportunity for first-time buyers, downsizers, or investors. Conveniently located near downtown Melbourne and just minutes from the beach, this property offers easy access to dining, shopping, entertainment, and outdoor recreation. Move-in ready with plenty of opportunity to make it your own. Schedule your showing today!

520 Ryoland Street, Melbourne
2975 Thrush Drive Unit 235, Melbourne
$169,900
2 Beds ⋅ 2 Baths ⋅ 1085486 MLS
TURN KEY READY HOME! Multi-age Complex with lots of amenities at a VERY LOW HOA. Less than a mile from the locally loved Wickham Park! Close to shopping, beaches, and community events, this cozy home is a Snow bird, College student or Fisherman's dream! Natural light throughout, bright flooring and every amenity you could ask for included: Pool, Tennis and Pickleball court, Sauna, Parking for boat/trailer, extra guest parking, HOA fee includes water, Internet, Premium Cable channels, Exterior insurance, Pest control, Grounds maintenance and more! Private balcony overlooks Florida nature at its best with tree canopies and tranquil pond views. Brand new Washer machine just delivered, dryer and matching Stainless Steel Appliances all convey. This unit is uniquely different than the rest and ready for move in!

2975 Thrush Drive Unit 235, Melbourne
4880 Lake Waterford Way W, Melbourne
$189,000
3 Beds ⋅ 2 Baths ⋅ 1085195 MLS
Rare Ground-Floor Gem with Lake Views-Move in Ready. Don't miss this rare opportunity to own a first-floor, 3 bedroom, 2-bath condo. Step inside to find fresh paint throughout, stylish updated vinyl flooring, and a gorgeous granite kitchen with newer LG-Appliances. Updated plumbing in both bath and kitchen. Enjoy your morning coffee or unwind in the evening on the large screened-in-porch overlooking the lake. Perfect spot to relax and take in the view. For added convenience, this unity includes its own storage and in unit laundry, tucked neatly into the screened patio. HOA covers it all: exterior maintenance, roof replacement, high-speed internet and cable through Spectrum, plus access to community pool and clubhouse available for private events and celebration. Location does not get better than this close to beach, I-95 and plenty of shopping, dinning and major employment centers.

4880 Lake Waterford Way W, Melbourne
3501 D Avinci Way Unit 1031, Melbourne
$100,000
2 Beds ⋅ 2 Baths ⋅ 1085038 MLS
Back on the market-ENTER AT YOUR OWN RISK. THIS UNIT IS FULL OF MOLD!!! PLEASE HAVE YOUR MOLD REMEDIATION ESTIMATE PRIOR TO PRESENTING OFFERS. Great location for an investment property. This unit will need to be fully renovated and remediated for mold. GIVE TIME IN OFFERS FOR COURT APPROVAL

3501 D Avinci Way Unit 1031, Melbourne
795 Osage Avenue, Melbourne
$190,000
2 Beds ⋅ 2 Baths ⋅ 1084731 MLS
Bring your vision to life with this unique opportunity for an investor, contractor, or buyer ready to create a home that reflects their own style. The interior has already been gutted, saving the next owner from difficult demolition work, while major repairs have been completed. Now it is ready for the finishing touches from the floor plan and kitchen to the bathrooms, flooring, fixtures, and finishes. Previously configured as a 3-bedroom home, the spacious interior may offer the potential to restore a third bedroom or redesign the layout to better suit the new owner's needs. Whether the goal is a personalized primary residence, renovation project, or investment property, this home provides a blank canvas with plenty of possibilities.

795 Osage Avenue, Melbourne
7801 Maplewood Drive Unit 909, Melbourne
$145,000
2 Beds ⋅ 3 Baths ⋅ 1083242 MLS
Resort-style amenities, peaceful water views, and an unbeatable West Melbourne location, this is low-maintenance Florida living at its best. Just minutes from I-95, shopping, and dining, this beautifully maintained condo is nestled in the quiet community of Garrett's Run, surrounded by mature oak trees and fresh landscaping. Inside, you'll find a spacious two-story layout with 2 bedrooms, 2.5 baths, and a new tankless water heater. Enjoy an incredible lineup of amenities including a resort-style pool, fitness center, tennis and pickleball courts, racquetball, shuffleboard, billiards, clubhouse, and RV/boat storage. Cable and internet are included in the HOA fees, making it even easier to enjoy the carefree Florida lifestyle. Whether you're searching for your first home, a seasonal escape, or an easy-care lifestyle, this condo offers the perfect blend of affordability, convenience, and exceptional community amenities.

7801 Maplewood Drive Unit 909, Melbourne
3511 D Avinci Way Unit 2022, Melbourne
$149,500
2 Beds ⋅ 2 Baths ⋅ 1078156 MLS
Don't miss this great turn key condo in Melbourne located right next to Florida Tech, making it ideal for students, faculty, or investors. Tucked away in a more secluded area of the community, this corner unit offers added privacy. Conveniently close to restaurants, shopping, and the beaches, this well-maintained 2 bedroom, 2 bathroom corner unit condo features a spacious family room, kitchen with granite countertops, stainless steel appliances, breakfast bar and full size stackable washer and dryer. The interior was freshly painted and updated with new LVP flooring throughout in 2025, HVAC 2020, and refrigerator and dishwasher 2022. The primary suite includes a walk-in closet and private bath, while the second bedroom is perfect for guests, a home office, or a roommate setup. Community amenities include a pool, clubhouse, fitness center, and beautifully maintained grounds. Move-in ready and a great opportunity for a primary residence or investment property.

3511 D Avinci Way Unit 2022, Melbourne
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