147 & 159 Ocean View Lane
Melbourne, FL, 32903 $ 739,000
Baths0.0 Sq 2,526 Monthly Estimate*
$ 4,610
Studio for $739,000. This 2,526 square foot home was built in 1995 on a lot size of 0.22.
Rare Full Duplex Opportunity Just Steps from Paradise Beach! Don't miss your chance to own a well-maintained, income-producing duplex directly across from the iconic Paradise Beach Park, home to sand volleyball courts, playgrounds, food trucks, and wide, sandy beaches with crystal-clear, rock-free water. This concrete block duplex features two beautifully updated units, each with 2 bedrooms, 2 baths, vaulted ceilings, private screened patios, indoor laundry, and a private one-car garage. Both kitchens are modern and functional, with tasteful finishes and an open layout that flows effortlessly into the living areas. The primary suites are oversized with walk-in closets and en-suite bathrooms, while the guest bedrooms and bathrooms are equally spacious and well-appointed. Out back, enjoy your own private, screened-in pool, shared only between the two units, along with a fully fenced yard that's perfect for entertaining or relaxing. Built for peace of mind, this property is outfitted with accordion hurricane shutters and solid concrete block construction. Unit 147 features a 2019 HVAC system, and Unit 159's was updated in 2020. Whether you're looking for a high-performing rental, a seasonal retreat, or the ideal live-in-one, rent-the-other setup, this duplex offers unbeatable flexibility for long-term, short-term, or owner-occupancy use. All of this within easy walking distance to local dining, shops, nightlife, and of course, the beach. Opportunities like this don't come often. Schedule your private showing today!
See more
FeaturesGeneralLiving Area 2526.0
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected
Appliances Dishwasher Electric Range Refrigerator
Garage Spaces 2.0
Pool Features In Ground
Construction Materials Block
Year Built 1995
Property Subtype Duplex
Tax Year 2023
Current Use Residential
Additional Parcels Description 2725988
County Brevard
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ocean View Estates
Garage Y/N Y
Full Baths 0
Status Active
Directions Highway A1A to Ocean View Lane. 147 is on the left.
High School Melbourne
City Melbourne
Senior Community Y/N N
Number Of Units Total 0
MLS Area 383 - N Indialantic
Lot Size Units Acres
Lot Size Square Feet 9583.0
Carport Y/N N
Elementary School Indialantic
Tax Annual Amount 8668.9
Home Warranty Y/N N
Middle/Junior High School Hoover
Lease Renewal Y/N N
MLS Area Minor 383 - N Indialantic
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1050835
Standard Status Active
See more
InteriorFurnished Y/N Negotiable
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 0
Total Baths 0
See more
ExteriorWater Source Public
Lot Size Area 0.22
Spa N
Building Area Total 3567.0
Lot Size Acres 0.22
Waterfront Y/N N
Crops Included Y/N N
Irrigation Water Rights Y/N N
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,610
- Monthly Property Taxes
- $722
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Melbourne, FL
Average List Price $1,170,684
Percent of Sale Price 58%
About Melbourne, FL 665 Population
22% Since 2002
$ 53,919 Median Income
55.55 Median Age
11% Households with Children
Trends Information provided by ATTOM Data Solutions.
1362948 Elementary School
1363002 Middle School
Melbourne High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/27/2025 | $739,000 | -1.34% | Price Down |
| 10/23/2025 | $749,000 | -0.12% | Price Down |
| 8/21/2025 | $749,900 | -1.32% | Price Down |
| 7/3/2025 | $759,900 | | Listed Price |