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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
26
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
25 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
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
100/100
Harbor City Elementary School
Elementary · Grades PK–06 · 1.9 mi
City
Melbourne
Students
434
Student body
67% White · 15% Black · 11% Hispanic / Latino
Free/reduced lunch
81%
Phone
(321) 254-5534
83/100
Sherwood Elementary School
Elementary · Grades PK–06 · 1.9 mi
City
Melbourne
Students
493
Student–teacher
12.7
Parent reviews
5.0★ avg · 2 reviews
Student body
59% White · 14% Black · 14% Hispanic / Latino
Free/reduced lunch
61%
Phone
(321) 254-6424
74/100
Roy Allen Elementary School
Elementary · Grades PK–06 · 2.2 mi
City
Melbourne
Students
632
Parent reviews
5.0★ avg · 4 reviews
Student body
67% White · 18% Hispanic / Latino · 6% Two or More Races
Free/reduced lunch
61%
Phone
(321) 242-6450
72/100
Longleaf Elementary School
Elementary · Grades PK–06 · 2.7 mi
City
Melbourne
Students
682
Parent reviews
4.7★ avg · 6 reviews
Student body
73% White · 10% Hispanic / Latino · 8% Two or More Races
Free/reduced lunch
22%
Phone
(321) 242-4700
60/100
Dr. W.J. Creel Elementary School
Elementary · Grades PK–07 · 0.5 mi
City
Melbourne
Students
542
Parent reviews
3.0★ avg · 4 reviews
Student body
46% White · 22% Hispanic / Latino · 20% Black
Free/reduced lunch
63%
Phone
(321) 259-3233
57/100
Croton Elementary School
Elementary · Grades PK–06 · 1.2 mi
City
Melbourne
Students
523
Parent reviews
3.0★ avg · 4 reviews
Student body
62% White · 19% Hispanic / Latino · 9% Black
Free/reduced lunch
69%
Phone
(321) 259-3818
54/100
Lyndon B. Johnson Middle School
Middle · Grades 07–08 · 0.4 mi
City
Melbourne
Students
791
Parent reviews
2.0★ avg · 2 reviews
Student body
65% White · 15% Hispanic / Latino · 9% Black
Free/reduced lunch
59%
Phone
(321) 242-6430

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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