497 Melrose Lane, Sebastian, FL 32958 — MLS photo

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497 Melrose Lane, Sebastian, FL 32958

Active · SingleFamilyResidence

$269,000

497 Melrose Lane, Sebastian, FL 32958

Beds
3
Baths
2
Living area
1,072 sq ft
$ / sq ft
$251/sq ft
Year built
1987
Lot size
13,504 sq ft
HOA fee
—
Annual tax
—

About this property

Unapproved Short Sale. Welcome home to this Sebastian Highlands property, situated on a desirable corner lot with NO HOA, giving you the freedom to enjoy your home without restrictions or added fees. This 3-bedroom, 2-bathroom home offers a functional layout with high vaulted ceilings and a main living area that flows seamlessly into the dining space and kitchen. The kitchen features a quartz breakfast bar, textured wood cabinetry, and stainless steel appliances, providing a great foundation for future updates or personal touches. Step outside through the impact glass French doors to an oversized covered and screened patio, perfect for relaxing or entertaining, all overlooking the fully fenced backyard with a 2024 privacy fence, ideal for pets, kids, and added privacy. Major improvements have already been taken care of, including a 2024 roof and a recently installed tankless water heater, helping reduce big-ticket concerns for the next owner. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and the opportunity to make it your own, this is one you won't want to miss. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and room to make it your own, this is a great opportunity.

Property location

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497 Melrose Lane, Sebastian, FL 32958

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,072 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1987
Lot size
13,504 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Indian River
MLS listing ID
B26018400
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$544

Cap rate
8.1%
Net yield
8.1%
Cash-on-cash return
8.7%
Gross yield
11.9%
Mortgage payment
$1,275/mo
Down payment
$67,250
Loan amount
$201,750
Annual NOI
$21,831

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.