Melbourne Homes under $400,000

Melbourne Homes under $400,000

Welcome to Melbourne, Florida—a vibrant city nestled along the stunning Space Coast, where coastal charm meets urban convenience. Known for its rich history, diverse culture, and thriving economy, Melbourne offers a unique lifestyle that appeals to families, professionals, and retirees alike. With its warm climate, beautiful beaches, and an array of recreational activities, it’s no wonder that Melbourne is a sought-after destination for homebuyers.

One of the most enticing aspects of this flourishing city is the availability of homes under $400,000. Whether you’re a first-time buyer or looking to downsize, Melbourne has an impressive selection of properties that cater to various tastes and budgets. From cozy single-family homes in friendly neighborhoods to modern townhouses with community amenities, you’ll find a range of options that fit your lifestyle.

Imagine waking up in a charming home just minutes away from pristine beaches, lush parks, and a vibrant downtown filled with shops, restaurants, and art galleries. Melbourne boasts excellent schools, making it an ideal location for families, while its proximity to the Kennedy Space Center and the Melbourne International Airport adds to its appeal for professionals and commuters.

In addition to its beautiful homes, Melbourne offers a strong sense of community and a plethora of outdoor activities, including boating, fishing, and hiking. With a rich cultural scene and year-round events, you’ll never run out of things to do.

Explore the possibilities of calling Melbourne home, where you can enjoy the perfect blend of coastal living and suburban comfort—all without breaking the bank!

Newest Melbourne Homes under $400,000

1281 Indian Oaks Drive, Melbourne
$385,000
3 Beds ⋅ 2 Baths ⋅ 1089129 MLS
Welcome to Low Maintenance Florida Living in Pine Creek! This inviting 3BD/ 2BA home is tucked away in a gated 55+ community with NO REAR NEIGHBORS! Step inside to an open split floor plan w/ vaulted ceilings, luxury vinyl plank & tile throughout - NO CARPET! The spacious eat-in kitchen features white cabinetry, NEWER stainless steel refrigerator & NEW built-in microwave, while the primary en-suite offers dual sinks & a large walk-in shower. A dedicated laundry room includes a BRAND-NEW washer & dryer plus a utility sink. Relax on the spacious screened paver lanai overlooking lush tropical foliage for a peaceful, private setting. Highlights include IMPACT-RATED WINDOWS & SLIDER & an electric screened garage door. Residents enjoy a clubhouse, fitness room, HEATED pool & spa, plus a variety of social events. HOA dues of $846/qtr include cable, internet, lawn care & exterior painting every 8 years. All in a fantastic location just minutes from shopping, dining, healthcare & the beaches!

1281 Indian Oaks Drive, Melbourne
418 Poinciana Drive, Melbourne
$225,000
3 Beds ⋅ 2 Baths ⋅ 1089115 MLS
Unique dual-living opportunity in the desirable Loveridge Heights neighborhood, complete with a newer roof (2021) and AC (2017)! This versatile 3-bedroom, 2-bathroom property offers incredible flexibility and immediate cash flow, currently tenant-occupied until June 30, 2027. The spacious front home features a 2-bedroom, 1-bathroom layout with a fully equipped kitchen, a large dining room, and a massive family room with abundant storage. Completely separate with its own private exterior entrance and no interior connecting door, the rear 1-bedroom, 1-bathroom addition includes a functional kitchenette—making it the ultimate future Mother-in-Law suite, guest house, or private retreat. Situated on a super-large, fully fenced lot perfect for outdoor activities, this investment gem combines privacy with an unbeatable coastal lifestyle where you can walk to nearby fishing, boating, and swimming while remaining close to shopping and dining.

418 Poinciana Drive, Melbourne
1601 Norman Drive, Melbourne
$270,000
3 Beds ⋅ 2 Baths ⋅ 1089085 MLS
Welcome home to this centrally located 3-bedroom, 1.5-bath home in Melbourne! Conveniently situated near shopping, Melbourne Orlando International Airport, and with easy access to US-192 and US-1, this home puts everything you need within reach. The home also offers wheelchair accessibility for added convenience. Inside, you'll find two spacious living areas—perfect for entertaining, relaxing, or creating a flexible bonus space—along with a large dining area. A 1-car garage, ample driveway parking, and a storage shed provide plenty of room for vehicles, tools, and more. Additional highlights include a metal roof installed in 2019 and an A/C system from 2016. Come see all the space, convenience, and potential this Melbourne home has to offer!

1601 Norman Drive, Melbourne
4018 Marlberry Lane, Melbourne
$270,000
3 Beds ⋅ 2 Baths ⋅ 1089055 MLS
Welcome to this fully renovated 3-bedroom, 2-bath home featuring a bright, open-concept layout perfect for comfortable living and entertaining. Freshly painted and thoughtfully updated with new flooring, countertops, appliances, water heater, and bathrooms, this home is move-in ready. Enjoy a spacious screened patio, backyard with plenty of room to relax, entertain, or create your own outdoor oasis. Community amenities include a sparkling pool and tennis courts. Conveniently located near schools, Florida Institute of Technology, shopping, dining, and more. A wonderful opportunity to enjoy a stylish, updated home in a convenient location

4018 Marlberry Lane, Melbourne
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
3745 Astral Road, Melbourne
$384,860
4 Beds ⋅ 3 Baths ⋅ 1088853 MLS
This new two-bedroom home offers a thoughtful separation between the living and resting areas. On the first floor, a stylish kitchen shares an open layout with the nearby living and dining spaces, while a patio offers year-round outdoor experiences. All four bedrooms boast a private location on the second floor, including the generous owner's suite with a private bathroom and walk-in closet. A versatile loft provides a convenient space for entertainment and recreation on the upper level. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only.

3745 Astral Road, 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
218 E Fee Avenue, Melbourne
$238,000
2 Beds ⋅ 1 Baths ⋅ 1088734 MLS
Welcome home to 218 East Fee Avenue (A DOUBLE LOT)! This charming 2-bedroom, 1-bathroom single-family residence is situated on a spacious, fully fenced 0.29-acre lot in the heart of Melbourne. Featuring an open floor plan with functional living space, ceiling fans, a covered carport, and a private screened porch, this home offers comfort and everyday convenience. The deep, oversized lot provides room for outdoor entertaining, garden space, or RV/boat storage. Positioned in an unbeatable location—just two blocks from Holmes Regional Medical Center, under a mile from vibrant Historic Downtown Melbourne, and a short 3.5-mile drive across the causeway to Atlantic Ocean beaches—this property presents an extraordinary opportunity for first-time buyers, healthcare professionals, or investors seeking steady rental potential. Seller has and will include new, uninstalled replacement windows for the front porch at no extra cost if desired by the buyer.

218 E Fee Avenue, Melbourne
270 Lake In The Woods Drive, Melbourne
$269,500
2 Beds ⋅ 2 Baths ⋅ 1088594 MLS
Beautiful Condo located in The Gables at Lake in the Woods. Townhouse style with fully updated interior. Large kitchen cabinets, granite countertops, stainless steel appliances, and rock backdrop makes a statement kitchen. Bathrooms both fully updated with bowl style sink, and walk in showers. Fully enclosed glass room with French doors and plenty of natural lighting throughout. The exterior of the home has a screen porch and private single garage. Extra storage space located in the attic. Interior AC handler newer, Refrigerator newer, Washer/dryer Newer. This home is a must see!

270 Lake In The Woods Drive, Melbourne
1035 Venetian Drive Unit 101, Melbourne
$274,900
3 Beds ⋅ 2 Baths ⋅ 1088496 MLS
Single-story convenience, extra parking—this 3-bedroom ground-level condo delivers more than expected, inside and out. The open layout connects a granite-trimmed kitchen to a bright living area with upgraded lighting and durable flooring. The corner unit placement allows for added light and fewer shared walls. A covered patio looks onto maintained green space, offering an easy spot to wind down or let pets out. The attached garage includes direct entry to the unit, and the extended driveway fits a second vehicle comfortably—rare in this community. All bedrooms are set apart from the living space, with the primary offering a walk-in closet and en-suite bath. Washer/dryer hookup inside. Venetian Village residents enjoy a community pool and walkable layout with low monthly fees. Located just off Dairy Road, you're minutes from shopping, restaurants, Melbourne schools, and a straight shot to the beach. Clean lines. Smart layout. Nothing wasted.

1035 Venetian Drive Unit 101, Melbourne
721 Samuel Chase Lane, West Melbourne
$325,000
3 Beds ⋅ 2 Baths ⋅ 1088475 MLS
Located in a highly desired Central Melbourne neighborhood, this three-bedroom, two-bath home sits on a quiet cul-de-sac offering added privacy and minimal through traffic. 2025 HVAC, 2024 Water Heater, and fresh interior paint! Step inside to a bright, open floor plan with vaulted ceilings, updated light fixtures, and a modern kitchen overlooking the family room. Perfect for everyday living and entertaining. New carpet adds a fresh feel to all three bedrooms. Out back, enjoy Florida living from the spacious screened porch overlooking the backyard, ideal for morning coffee, relaxing evenings, or entertaining guests. With major systems recently updated, a functional layout, and a desirable location close to shopping, dining, schools, beaches, and more, this home is move-in ready and waiting for its next owner!

721 Samuel Chase Lane, West Melbourne
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