Property Description:
This 4-bed, 2-bath, 1,782 sf frame home built in 1992 sits on a 10,019 sf lot along Rita Blvd in Melbourne Beach. The property is vacant and needs a full rehab. Structure and layout are functional, but the home has a lot of deferred maintenance consistent with long-term neglect. Frame construction matches many nearby homes.
🛠️ Rehab Scope
- Replace aging roof and inspect trusses for coastal wear
- Install new HVAC system and water heater
- Repipe and rewire to current code standards
- Full interior renovation: kitchen, baths, flooring, drywall, fixtures, paint
- Replace windows and doors with hurricane-rated units
- Exterior paint, trim, and landscaping for curb appeal
- General cleanup and possible deck/patio restoration
🔵 Comparable Sales
- 315 Richards Rd – 3/2 | 1,563 sf | 1973 | $545,000 ($349/sf) – Renovated
- 185 Richards Rd – 3/2 | 912 sf | 1958 | $370,000 ($406/sf) – Smaller lot
- 3200 River Winds Ct – 3/2 | 1,109 sf | 1983 | $480,000 ($433/sf) – Updated
Given these comps and the larger footprint at 1,782 sf, the projected ARV is ≈ $590,000 – $625,000 depending on rehab quality and finish level.