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$599,900

1760 And 1766 Mason Terrace

Melbourne, FL
Active
5
Bedrooms
4
Bathrooms
3,217
Square Feet
0.26
Lot Size (acres)
1985
Year Built
11
Days On Market

ASSUMABLE 3.75% MORTGAGE! Approx. $335K loan balance available to a qualified buyer. Skip today's rates and step into a low-rate, income-producing duplex in Melbourne. This concrete block duplex offers two well-sized units, each with its own 1-car garage. Unit one is a 3 bed, 2 bath with additional parking, and unit two is a 2 bed, 2 bath. Major updates are already done: impact-rated windows throughout, 2019 roof, a 2021 AC system on one side, and a 2016 air handler on the other. Both units are occupied by long-term tenants paying $1,700 and $1,500 per month ($38,400 per year gross), with leases ending in December. That gives you flexibility to keep the steady income, raise rents, or live in one side and rent the other. City water and sewer. Low-rate financing, solid construction, and proven rental history make this a strong fit for investors and house-hackers.

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Listing Information

Listing Updated
9 days ago
Listed By
Chaleah Gehrman · Denovo Realty, 3212371887
MLS#
1088372
Source
Space Coast MLS (Space Coast Association of REALTORS)
Status
Active

Facts & Features

Location

Community Information

Address
1760 And 1766 Mason Terrace, Melbourne, FL 32935
City
Melbourne
County
Brevard
Neighborhood
Country Club Gardens Subd
Zip Code
32935

Architecture

Bedrooms
5
Bathrooms
4
Stories
1
Year Built
1985
Construction Materials
Concrete
Building Area
3,217 sq. ft.
Roof
Shingle
Garage
Yes
Garage Spaces
2
Parking Features
Attached, Garage, Additional Parking

Features & Amenities

Appliances
Dishwasher, Electric Range, Microwave, Refrigerator, Electric Cooktop
Flooring
Tile, Carpet
Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.26 Acres
Water
Public
Sewer
Public Sewer
Utilities
Sewer Connected, Water Connected

Square Footage

Total
2,432 sq. ft.

Tax & Financial Information

List Price
$599,900
Annual Taxes
$5,555

Schools

100/100
Dr. W.J. Creel Elementary School
Elementary · Grades PK–06 · 0.5 mi
City
Melbourne
Students
941
Parent reviews
3.0★ avg · 2 reviews
Student body
56% White · 15% Hispanic / Latino · 14% Black
Free/reduced lunch
69%
Phone
(321) 259-3233
100/100
Sabal Elementary School
Elementary · Grades PK–06 · 1.7 mi
City
Melbourne
Students
607
Student body
69% White · 19% Hispanic / Latino · 5% Two or More Races
Free/reduced lunch
66%
Phone
(321) 254-7261
75/100
Roy Allen Elementary School
Elementary · Grades PK–06 · 2.2 mi
City
Melbourne
Students
711
Parent reviews
5.0★ avg · 2 reviews
Student body
63% White · 20% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
59%
Phone
(321) 242-6450
73/100
Sherwood Elementary School
Elementary · Grades PK–06 · 1.9 mi
City
Melbourne
Students
393
Parent reviews
5.0★ avg · 1 review
Student body
56% White · 19% Hispanic / Latino · 13% Two or More Races
Free/reduced lunch
72%
Phone
(321) 254-6424
72/100
Longleaf Elementary School
Elementary · Grades PK–06 · 2.7 mi
City
Melbourne
Students
613
Parent reviews
4.7★ avg · 3 reviews
Student body
72% White · 12% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
21%
Phone
(321) 242-4700
58/100
Croton Elementary School
Elementary · Grades PK–06 · 1.2 mi
City
Melbourne
Students
653
Parent reviews
3.0★ avg · 2 reviews
Student body
68% White · 14% Hispanic / Latino · 8% Black
Free/reduced lunch
65%
Phone
(321) 259-3818
55/100
Lyndon B. Johnson Middle School
Middle · Grades 07–08 · 0.4 mi
City
Melbourne
Students
744
Parent reviews
2.0★ avg · 1 review
Student body
61% White · 18% Hispanic / Latino · 10% Black
Free/reduced lunch
57%
Phone
(321) 242-6430
54/100
Eau Gallie High School
High · Grades 09–12 · 1.1 mi
City
Melbourne
Students
1,711
Student body
66% White · 16% Hispanic / Latino · 8% Black
Free/reduced lunch
45%
Phone
(321) 242-6400

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/23/2026Listed for sale$599,900

Listed by Chaleah Gehrman · Denovo Realty · 3212371887

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Brevard MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Brevard MLS. All Rights Reserved.

Last Updated: September 24, 2026 at 11:02 AM | Source: Brevard MLS | MLS#: 1088372

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