Homes for sale under $500k in Melbourne, FL

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3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $500k in Melbourne, FL
Located in a resort-style country club community, offering top-notch amenities for an exceptional Florida lifestyle. Step into the 3-bedroom, 2-bathroom Columbus model situated on the 11th hole offering golf and water views. Enjoy peace of mind and energy savings with impact windows and solar panels. Inside you will find a freshly painted interior that is filled with natural light. This split floorplan provides ample space and a screened patio where you can relax and enjoy the outdoor scenery. Home to over 600 Military Veterans, Indian River Colony Club is a Private 55+ Country Club community with an extensive maintenance program for each home. It includes an18-hole golf course, fine dining

$360,000

3 beds2 baths2,010 sq ft

1375 Mayflower Ave, Melbourne, FL 32940

Screened patio • Split floorplan • 18 hole golf course

3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $500k in Melbourne, FL
Welcome to this beautifully maintained home in the heart of Viera's sought-after Fawn Ridge Community. It's PRICED TO SELL and ready for its new owners! Step inside to discover a spacious, open floor plan with vaulted ceilings, skylights, and an abundance of natural light that creates a warm and welcoming atmosphere. The kitchen features granite countertops, stainless steel appliances, and a stylish blend of ceramic tile and wood laminate flooring—perfect for both everyday living and entertaining. Benefit from Energy Efficiency with Newer Solar Panels 2021; Roof 2021; Freshly Cleaned Air Ducts 2025; Extra Attic Insulation, and Hurricane Shutters. The True Highlight is the Private Back

$360,000

3 beds2 baths1,585 sq ft

6682 Fawn Ridge Dr, Melbourne, FL 32940

Newer solar panels • Granite countertops • 5,663 sq ft lot

ABOUT THIS HOME
Homes for sale under $500k in Melbourne, FL
Step into this completely remodeled Washington model, nestled in a resort-style country club community that offers premier amenities and an unparalleled Florida lifestyle. Double front doors welcome you into a spacious living and dining area that seamlessly flows into a private front courtyard—ideal for small pets, a tranquil Zen garden, or morning coffee. Luxury vinyl flooring runs throughout the entire home, complemented by all-new light fixtures and stylish updated ceiling fans for an elegant, modern touch. The recently renovated kitchen features abundant cabinetry and granite countertops, along with stainless steel appliances. A cozy breakfast nook or optional office space sits ju

$360,000

3 beds2.5 baths2,304 sq ft

1198 Continental Ave, Melbourne, FL 32940

Abundant cabinetry • Granite countertops • 0.27 acre lot

READY TO BUILD

$359,990

2 beds2 baths1,579 sq ft

Ellenwood Plan, Melbourne, FL 32940

Large island • Luxe owners bath • 2 garage spots

Listing provided by Zillow

READY TO BUILD

ABOUT THIS HOME
Homes for sale under $500k in Melbourne, FL
Discover the Marina - the crown jewel of our 30' collection offering an impressive 2,520 sq. ft. of refined living space. This premium residence features five bedrooms and three baths, including a private first-floor suite perfect for guests or multi-generational living. The heart of the home showcases a chef-inspired kitchen with an expansive island that flows seamlessly into light-filled dining and great room areas. Upstairs, find a luxurious owner's retreat with dual walk-in closets, three additional bedrooms, and a versatile loft space bathed in natural light from thoughtfully positioned windows. Available in three distinctive elevation options with customizable stone accents. The Marin

$359,990

5 beds3 baths2,520 sq ft

Marina Plan, Palm Bay, FL 32907

Owner's retreat • Versatile loft space • 2 parking spots

Listing provided by Zillow

Property at 3491 Fan Palm Blvd, Melbourne, FL 32901, 3 beds, 2 baths

$359,900

3 beds2 baths1,614 sq ft

3491 Fan Palm Blvd, Melbourne, FL 32901

Property at 3 BEDROOM Plan, Melbourne, FL 32901, 3 beds, 2.5 baths

$359,900

3 beds2.5 baths1,648 sq ft

3 BEDROOM Plan, Melbourne, FL 32901

Listing provided by Zillow

Property at 1869 Tullagee Ave, Melbourne, FL 32940, 3 beds, 2 baths

$359,900

3 beds2 baths1,613 sq ft

1869 Tullagee Ave, Melbourne, FL 32940

Property at 2033 Thistle Dr, Melbourne, FL 32935, 4 beds, 3 baths

$359,900

4 beds3 baths1,738 sq ft

2033 Thistle Dr, Melbourne, FL 32935

Property at 1144 Ironsides Ave, Melbourne, FL 32940, 4 beds, 2 baths

$359,700

4 beds2 baths1,840 sq ft

1144 Ironsides Ave, Melbourne, FL 32940

Property at 5154 Madras Dr NW, Palm Bay, FL 32907, 5 beds, 3 baths

$358,990

5 beds3 baths2,520 sq ft

5154 Madras Dr NW, Palm Bay, FL 32907

$358,990

5 beds3 baths2,520 sq ft

5154 Madras Dr NW, Palm Bay, FL 32907

Property at 7033 Hammock Trace Dr, Melbourne, FL 32940, 3 beds, 2 baths

$358,000

3 beds2 baths1,168 sq ft

7033 Hammock Trace Dr, Melbourne, FL 32940

Property at 1931 Tallpalm Rd, Melbourne, FL 32935, 3 beds, 2 baths

$357,500

3 beds2 baths1,329 sq ft

1931 Tallpalm Rd, Melbourne, FL 32935

Property at 1290 Mayflower Ave, Melbourne, FL 32940, 2 beds, 2 baths

$355,000

2 beds2 baths1,616 sq ft

1290 Mayflower Ave, Melbourne, FL 32940

Property at 204 Lantana Ln, Melbourne, FL 32901, 3 beds, 2 baths

$355,000

3 beds2 baths1,491 sq ft

204 Lantana Ln, Melbourne, FL 32901

Property at 2225 Royal Poinciana Blvd, Melbourne, FL 32935, 3 beds, 2 baths

$355,000

3 beds2 baths1,653 sq ft

2225 Royal Poinciana Blvd, Melbourne, FL 32935

Property at 1610 Pga Blvd, Melbourne, FL 32935, 3 beds, 2 baths

$355,000

3 beds2 baths1,269 sq ft

1610 Pga Blvd, Melbourne, FL 32935

Property at 290 Paradise Blvd #68, Indialantic, FL 32903, 2 beds, 2.5 baths

$354,900

2 beds2.5 baths1,575 sq ft

290 Paradise Blvd #68, Indialantic, FL 32903

Property at Grove Plan, Palm Bay, FL 32907, 4 beds, 2.5 baths

$353,990

4 beds2.5 baths2,187 sq ft

Grove Plan, Palm Bay, FL 32907

Listing provided by Zillow

Property at 5164 Madras Dr NW, Palm Bay, FL 32907, 4 beds, 2.5 baths

$353,990

4 beds2.5 baths2,187 sq ft

5164 Madras Dr NW, Palm Bay, FL 32907

Property at 3593 Osceola Dr, Melbourne, FL 32901, 3 beds, 2 baths

$350,000

3 beds2 baths2,022 sq ft

3593 Osceola Dr, Melbourne, FL 32901

Property at 400 Trotter Ln #204, Melbourne, FL 32940, 2 beds, 2 baths

$350,000

2 beds2 baths1,791 sq ft

400 Trotter Ln #204, Melbourne, FL 32940

Property at 1707 Platt St, Melbourne, FL 32901, 3 beds, 2 baths

$350,000

3 beds2 baths1,388 sq ft

1707 Platt St, Melbourne, FL 32901

Property at 1440 Patriot Dr, Melbourne, FL 32940, 4 beds, 2 baths

$350,000

4 beds2 baths2,424 sq ft

1440 Patriot Dr, Melbourne, FL 32940

Property at 907 Osprey Dr, Melbourne, FL 32940, 2 beds, 3 baths

$350,000

2 beds3 baths2,140 sq ft

907 Osprey Dr, Melbourne, FL 32940

Property at 1355 Mayflower Ave, Melbourne, FL 32940, 3 beds, 2 baths

$350,000

3 beds2 baths1,764 sq ft

1355 Mayflower Ave, Melbourne, FL 32940

Property at 4200 Aria Dr, Melbourne, FL 32904, 3 beds, 2 baths

$350,000

3 beds2 baths1,333 sq ft

4200 Aria Dr, Melbourne, FL 32904

Property at 3486 Cabbage Palm Ave, Melbourne, FL 32901, 4 beds, 2 baths

$350,000

4 beds2 baths1,740 sq ft

3486 Cabbage Palm Ave, Melbourne, FL 32901

Property at 4351 Silver Lake Dr, Melbourne, FL 32901, 3 beds, 2 baths

$350,000

3 beds2 baths1,902 sq ft

4351 Silver Lake Dr, Melbourne, FL 32901

Property at Brooks Plan, Palm Bay, FL 32907, 4 beds, 2 baths

$349,990

4 beds2 baths1,833 sq ft

Brooks Plan, Palm Bay, FL 32907

Listing provided by Zillow

Property at 5145 Madras Dr NW, Palm Bay, FL 32907, 4 beds, 2 baths

$349,990

4 beds2 baths1,833 sq ft

5145 Madras Dr NW, Palm Bay, FL 32907

$349,990

4 beds2 baths1,833 sq ft

5145 Madras Dr NW, Palm Bay, FL 32907

Property at 3240 Arden Cir N, Melbourne, FL 32934, 4 beds, 2.5 baths

$349,900

4 beds2.5 baths2,024 sq ft

3240 Arden Cir N, Melbourne, FL 32934

Property at 3393 Florida Palm Ave, Melbourne, FL 32901, 3 beds, 2 baths

$349,900

3 beds2 baths1,605 sq ft

3393 Florida Palm Ave, Melbourne, FL 32901

Property at 2885 Kingston Ln, Melbourne, FL 32935, 3 beds, 2 baths

$349,900

3 beds2 baths1,694 sq ft

2885 Kingston Ln, Melbourne, FL 32935

Property at 741 Indian Oaks Dr, Melbourne, FL 32901, 3 beds, 2 baths

$349,500

3 beds2 baths2,025 sq ft

741 Indian Oaks Dr, Melbourne, FL 32901

Property at 4811 Decatur Cir, Melbourne, FL 32934, 3 beds, 2 baths

$349,000

3 beds2 baths1,593 sq ft

4811 Decatur Cir, Melbourne, FL 32934

Property at 1692 Keys Gate Dr, Melbourne, FL 32940, 2 beds, 2 baths

$349,000

2 beds2 baths1,422 sq ft

1692 Keys Gate Dr, Melbourne, FL 32940

Property at 1703 Keys Gate Dr, Melbourne, FL 32940, 3 beds, 2 baths

$349,000

3 beds2 baths1,668 sq ft

1703 Keys Gate Dr, Melbourne, FL 32940

Property at 4667 Magenta Isles Dr, Melbourne, FL 32904, 3 beds, 2 baths

$349,000

3 beds2 baths1,735 sq ft

4667 Magenta Isles Dr, Melbourne, FL 32904

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Based on information submitted to the MLS GRID as of Tue Dec 02 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Homes for sale under $500k in Melbourne

There are currently 627 homes for sale under $500k in Melbourne. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Melbourne stay on the market for 81 days and receive 1 offers. Popular neighborhoods include Preston Hollow, North Kohala, Hamakua, South Kohala, and Windgate Ranch. This map is refreshed with the newest listings in Melbourne every 15 minutes.

In the past month, 116 homes have been sold in Melbourne. In addition to houses in Melbourne, there were also 116 condos, 99 townhouses, and 8 multi-family units for sale in Melbourne last month. Melbourne is a minimally walkable city in Brevard County with a Walk Score of 33. Melbourne is home to approximately 75,624 people and 46,884 jobs. Find your dream home in Melbourne using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Melbourne are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Melbourne. Our Melbourne real estate stats and trends will give you more information about home buying and selling trends in Melbourne. If you're looking to sell your home in the Melbourne area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Melbourne with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Homes for sale under $500k in Melbourne, FL

Homes for sale under $500k in Melbourne

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