Real Estate Investment Properties for Sale in Melbourne, FL

Looking for investment property in Melbourne, FL with high ROI ?

Explore a variety of short-term homes & houses in Melbourne, FL. Invest wisely with VRBO & Melbourne, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Melbourne, FL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1165 Luminary Circle unit: 101 #101 Melbourne, FL Gorgeous end unit in Sonesta Walk that will check ALL of your boxes! Contemporary feel--hi...	2 beds \| 2 baths \| 1,008 sq.ft.	$274,000	Airbnb cash on cash: 3.31% Traditional cash on cash: 4.5% Airbnb Rental Income: $2196 Traditional Rental Income: $1949 Airbnb ROI: 3.31% Traditional ROI: 4.5%
149 Oak Lake Road Melbourne, FL HURRICANE COMING! No worries here! Built for peace of mind, this stunning waterfront home ...	3 beds \| 2 baths \| 2,008 sq.ft.	$349,000	Airbnb cash on cash: 3.47% Traditional cash on cash: 5.66% Airbnb Rental Income: $2798 Traditional Rental Income: $2861 Airbnb ROI: 3.47% Traditional ROI: 5.66%
3083 Forest Creek Drive Melbourne, FL Discover comfort, convenience, and Florida living at its best in this 3 bed 2 bath pool ho...	3 beds \| 2 baths \| 1,721 sq.ft.	$450,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 4.24% Airbnb Rental Income: $2798 Traditional Rental Income: $2588 Airbnb ROI: 3.19% Traditional ROI: 4.24%
4365 Negal Circle Melbourne, FL Modern, refined, and packed with upgrades! Located in the prestigious gated community of L...	3 beds \| N/A baths \| 2,188 sq.ft.	$549,900	Airbnb cash on cash: 2.57% Traditional cash on cash: 3.72% Airbnb Rental Income: $2798 Traditional Rental Income: $2735 Airbnb ROI: 2.57% Traditional ROI: 3.72%
315 Arcadia Avenue Melbourne, FL Welcome to your perfectly renovated pool home featuring a nice spacious layout with a larg...	3 beds \| 2 baths \| 1,655 sq.ft.	$449,900	Airbnb cash on cash: 3.07% Traditional cash on cash: 3.52% Airbnb Rental Income: $2798 Traditional Rental Income: $2331 Airbnb ROI: 3.07% Traditional ROI: 3.52%
2240 Enjoya Lane Melbourne, FL Stunning Townhome in Crane Creek Landing a newer gated Downtown Community. Quality constru...	3 beds \| N/A baths \| 2,103 sq.ft.	$544,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 1.34% Airbnb Rental Income: $2798 Traditional Rental Income: $2571 Airbnb ROI: 0.5% Traditional ROI: 1.34%
1715 Glendon Drive Melbourne, FL Welcome to this remodeled 4 BEDROOM, 2 BATH one-story home in the heart of Melbourne, a sh...	4 beds \| 2 baths \| 1,640 sq.ft.	$299,999	Airbnb cash on cash: 6.9% Traditional cash on cash: 4% Airbnb Rental Income: $3510 Traditional Rental Income: $1918 Airbnb ROI: 6.9% Traditional ROI: 4%
3033 Forest Creek Drive Melbourne, FL DRASTIC PRICE IMPROVEMENT on this OVERSIZED 4-bedroom, 3- bath home with an additional LAR...	4 beds \| N/A baths \| 2,515 sq.ft.	$499,000	Airbnb cash on cash: 4.53% Traditional cash on cash: 4.66% Airbnb Rental Income: $3510 Traditional Rental Income: $2793 Airbnb ROI: 4.53% Traditional ROI: 4.66%
4133 Green Oak Drive Melbourne, FL Are you ready to move to a TROPICAL PARADISE? South Oaks offers RESORT LIVING, just a shor...	3 beds \| 2 baths \| 1,135 sq.ft.	$290,000	Airbnb cash on cash: 4.77% Traditional cash on cash: 4% Airbnb Rental Income: $2798 Traditional Rental Income: $1933 Airbnb ROI: 4.77% Traditional ROI: 4%
1714 Fletcher Street Melbourne, FL Vintage Charm Meets Modern Living! This classic cottage has been lovingly updated, offeri...	2 beds \| 1 baths \| 744 sq.ft.	$259,900	Airbnb cash on cash: 4.83% Traditional cash on cash: 5.26% Airbnb Rental Income: $2196 Traditional Rental Income: $1747 Airbnb ROI: 4.83% Traditional ROI: 5.26%
1465 S Harbor City Boulevard unit: 304 #304 Melbourne, FL Absolutely pristine corner END UNIT direct Riverfront condo that's like BRAND NEW. Breatht...	3 beds \| 3 baths \| 2,345 sq.ft.	$899,900	Airbnb cash on cash: -0.75% Traditional cash on cash: -0.05% Airbnb Rental Income: $2798 Traditional Rental Income: $2724 Airbnb ROI: -0.75% Traditional ROI: -0.05%
637 E Lincoln Avenue Melbourne, FL Beautifully updated, FULLY FURNISHED, 3/2 home just a stone's throw from Downtown Melbourn...	3 beds \| 2 baths \| 2,446 sq.ft.	$484,999	Airbnb cash on cash: 2.42% Traditional cash on cash: 3.9% Airbnb Rental Income: $2798 Traditional Rental Income: $2817 Airbnb ROI: 2.42% Traditional ROI: 3.9%
2100 Vernon Place Melbourne, FL Historic Rock & Roll Landmark Home - Fully Renovated Masterpiece in Downtown Melbourne Ste...	2 beds \| 2 baths \| 1,856 sq.ft.	$1,500,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 0.52% Airbnb Rental Income: $2196 Traditional Rental Income: $2731 Airbnb ROI: -0.26% Traditional ROI: 0.52%
307 Vesta Circle Melbourne, FL Welcome to this updated, fully furnished, move-in ready Melbourne POOL home that combines ...	2 beds \| 1 baths \| 1,156 sq.ft.	$290,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 4.2% Airbnb Rental Income: $2196 Traditional Rental Income: $1853 Airbnb ROI: 3.43% Traditional ROI: 4.2%
1208 E River Drive unit: 401 #401 Melbourne, FL Welcome to Captain's Cove, an exclusive gated waterfront community. This rarely available,...	3 beds \| 2 baths \| 1,898 sq.ft.	$754,900	Airbnb cash on cash: -0.55% Traditional cash on cash: 0.89% Airbnb Rental Income: $2798 Traditional Rental Income: $3158 Airbnb ROI: -0.55% Traditional ROI: 0.89%
415 Lorelei Avenue Melbourne, FL Experience luxury living in this custom Lifestyle home nestled in Alamanda Key 55+ communi...	3 beds \| 2 baths \| 1,766 sq.ft.	$478,500	Airbnb cash on cash: 1.82% Traditional cash on cash: 3.29% Airbnb Rental Income: $2798 Traditional Rental Income: $2803 Airbnb ROI: 1.82% Traditional ROI: 3.29%
1010 Spring Oak Drive Melbourne, FL HONEY! STOP THE CAR...100% FHA financing available with preferred lender. UNBEATABLE LOCAT...	4 beds \| N/A baths \| 2,177 sq.ft.	$425,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 3.56% Airbnb Rental Income: $3510 Traditional Rental Income: $2538 Airbnb ROI: 4.06% Traditional ROI: 3.56%
407 Bunker Street Melbourne, FL Located in the desirable Golf Club Estates community and just minutes from Florida Institu...	3 beds \| 2 baths \| 1,218 sq.ft.	$290,000	Airbnb cash on cash: 5.08% Traditional cash on cash: 4.74% Airbnb Rental Income: $2798 Traditional Rental Income: $2051 Airbnb ROI: 5.08% Traditional ROI: 4.74%
543 Heming Way Melbourne, FL ((( SPECTACULAR ''ALAMANDA KEY'' LAKEFRONT HOME!!! ))) EXQUISITELY UPGRADED ''KEY WEST'' S...	3 beds \| 2 baths \| 1,948 sq.ft.	$415,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 4.16% Airbnb Rental Income: $2798 Traditional Rental Income: $2559 Airbnb ROI: 3.09% Traditional ROI: 4.16%
3646 Mount Carmel Lane Melbourne, FL Centrally located 3 bedroom, 2 bath home in desirable Eagle Lakes S/D. As you walk in the ...	3 beds \| 2 baths \| 1,340 sq.ft.	$329,900	Airbnb cash on cash: 4.36% Traditional cash on cash: 4.27% Airbnb Rental Income: $2798 Traditional Rental Income: $2114 Airbnb ROI: 4.36% Traditional ROI: 4.27%
4022 Wilkes Drive Melbourne, FL Step inside this inviting home and be greeted by soaring vaulted ceilings that create an o...	4 beds \| 2 baths \| 1,911 sq.ft.	$359,000	Airbnb cash on cash: 5.44% Traditional cash on cash: 4.36% Airbnb Rental Income: $3510 Traditional Rental Income: $2372 Airbnb ROI: 5.44% Traditional ROI: 4.36%
1465 S Harbor City Boulevard 702 Melbourne, FL This luxurious 3-bedroom, 3-bath condo, built in 2022, offers 2,082 sq. ft. of living spac...	3 beds \| 3 baths \| 2,082 sq.ft.	$1,100,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 0.98% Airbnb Rental Income: $2798 Traditional Rental Income: $2944 Airbnb ROI: 0.19% Traditional ROI: 0.98%
4445 Pagosa Springs Circle Melbourne, FL Welcome to this charming 4-bedroom, 2-bath home situated on a large corner lot in the beau...	4 beds \| 2 baths \| 1,830 sq.ft.	$430,000	Airbnb cash on cash: 4.56% Traditional cash on cash: 3.62% Airbnb Rental Income: $3510 Traditional Rental Income: $2359 Airbnb ROI: 4.56% Traditional ROI: 3.62%
791 Indian Oaks Drive Melbourne, FL Please check this bright and welcoming 2-bedroom, 2-bath home in the highly sought, gated ...	2 beds \| 2 baths \| 1,466 sq.ft.	$299,900	Airbnb cash on cash: 2.33% Traditional cash on cash: 4.08% Airbnb Rental Income: $2196 Traditional Rental Income: $2135 Airbnb ROI: 2.33% Traditional ROI: 4.08%
1604 PARK AVENUE Melbourne, FL Come see this cozy 3 bedroom 2 bathroom home! This home offers a huge lot, split floorplan...	3 beds \| 2 baths \| 1,152 sq.ft.	$259,990	Airbnb cash on cash: 6.91% Traditional cash on cash: 6.26% Airbnb Rental Income: $2798 Traditional Rental Income: $1982 Airbnb ROI: 6.91% Traditional ROI: 6.26%
1465 S Harbor City Boulevard 902 Melbourne, FL OCEAN and river views from the 9th-floor residence, built in 2022, offering the feel of a...	3 beds \| 3 baths \| 2,082 sq.ft.	$946,750	Airbnb cash on cash: 0.46% Traditional cash on cash: 1.91% Airbnb Rental Income: $2798 Traditional Rental Income: $3421 Airbnb ROI: 0.46% Traditional ROI: 1.91%
3512 D'Avinci Way unit: 1013 #1013 Melbourne, FL Great first floor 2/2 condo in the heart of Melbourne. This is a great opportunity to own ...	2 beds \| 2 baths \| 857 sq.ft.	$145,000	Airbnb cash on cash: 5.89% Traditional cash on cash: 5.55% Airbnb Rental Income: $2196 Traditional Rental Income: $1594 Airbnb ROI: 5.89% Traditional ROI: 5.55%
4351 Silver Lake Drive Melbourne, FL Welcome to this beautifully updated 3-bedroom, 2-bath home in the highly sought-after Sout...	3 beds \| 2 baths \| 1,902 sq.ft.	$350,000	Airbnb cash on cash: 4.8% Traditional cash on cash: 5.78% Airbnb Rental Income: $2798 Traditional Rental Income: $2463 Airbnb ROI: 4.8% Traditional ROI: 5.78%
2016 N Grant Place N unit: 101 #101 Melbourne, FL Stunning corner unit for rent in Historic Downtown Melbourne! This 2-bed, 1-bath condo boa...	2 beds \| 1 baths \| 1,050 sq.ft.	$259,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 1.75% Airbnb Rental Income: $2196 Traditional Rental Income: $1452 Airbnb ROI: 2.52% Traditional ROI: 1.75%
4570 Radiant Way unit: 104 #104 Melbourne, FL Resort-style community of Sonesta Walk. Townhouse offers 3 bedrooms & 2 baths with private...	3 beds \| 2 baths \| 1,277 sq.ft.	$295,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 3.93% Airbnb Rental Income: $2798 Traditional Rental Income: $1951 Airbnb ROI: 4.62% Traditional ROI: 3.93%
3463 Fan Palm Boulevard Melbourne, FL Location Location Location!!! LOCATED in the highly desirable Bel-Air Palms where you are ...	3 beds \| 2 baths \| 1,754 sq.ft.	$309,900	Airbnb cash on cash: 4.62% Traditional cash on cash: 5.47% Airbnb Rental Income: $2798 Traditional Rental Income: $2389 Airbnb ROI: 4.62% Traditional ROI: 5.47%
750 Luminary Circle unit: 101 #101 Melbourne, FL One or more of the rooms have been virtually staged.Price Improvement Check out this a...	3 beds \| 2 baths \| 1,277 sq.ft.	$269,990	Airbnb cash on cash: 5.26% Traditional cash on cash: 4.41% Airbnb Rental Income: $2798 Traditional Rental Income: $1926 Airbnb ROI: 5.26% Traditional ROI: 4.41%
3610 Whisperwood Circle Melbourne, FL Peace of mind comes built in with a new roof (2023), HVAC (2024), and water heater (2024)!...	3 beds \| 2 baths \| 2,012 sq.ft.	$379,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 4.68% Airbnb Rental Income: $2798 Traditional Rental Income: $2577 Airbnb ROI: 3.46% Traditional ROI: 4.68%
1056 South Fork Circle Melbourne, FL Located in Brevard's Best Kept Secret! This charming 2-bedroom, 2-bathroom residence is pe...	2 beds \| 2 baths \| 1,125 sq.ft.	$268,500	Airbnb cash on cash: 4.23% Traditional cash on cash: 5.06% Airbnb Rental Income: $2196 Traditional Rental Income: $1852 Airbnb ROI: 4.23% Traditional ROI: 5.06%
1310 Jernigan Avenue Melbourne, FL NO HOA - Adorable Real Florida Style Home - Well Built Solid BLOCK. Enclosed Front Foyer R...	3 beds \| 2 baths \| 1,728 sq.ft.	$250,000	Airbnb cash on cash: 6.62% Traditional cash on cash: 9.12% Airbnb Rental Income: $2798 Traditional Rental Income: $2733 Airbnb ROI: 6.62% Traditional ROI: 9.12%
4007 Edward Street Melbourne, FL Charming and newer Melbourne Home in Prime Location, Move-In Ready! A nicely maintained 3-...	3 beds \| 2 baths \| 1,480 sq.ft.	$289,900	Airbnb cash on cash: 5.52% Traditional cash on cash: 5.89% Airbnb Rental Income: $2798 Traditional Rental Income: $2245 Airbnb ROI: 5.52% Traditional ROI: 5.89%
2148 Country Club Road Melbourne, FL Welcome home to beautifully maintained 4-bedroom, 3.5 bathrooms golf front home nestled in...	4 beds \| N/A baths \| 2,596 sq.ft.	$675,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 2.26% Airbnb Rental Income: $3510 Traditional Rental Income: $2872 Airbnb ROI: 2.04% Traditional ROI: 2.26%
608 Lorelei Avenue Melbourne, FL This beautiful home in the senior gated community of Alamanda Key is now available. This h...	2 beds \| 2 baths \| 1,652 sq.ft.	$337,500	Airbnb cash on cash: 2.42% Traditional cash on cash: 4.71% Airbnb Rental Income: $2196 Traditional Rental Income: $2368 Airbnb ROI: 2.42% Traditional ROI: 4.71%
4020 Bayberry Drive Melbourne, FL Enjoy the water view from the enclosed, climate controlled Florida Room of this two (2) be...	2 beds \| 2 baths \| 1,046 sq.ft.	$280,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 4.18% Airbnb Rental Income: $2196 Traditional Rental Income: $1778 Airbnb ROI: 3.67% Traditional ROI: 4.18%
3403 Mazur Drive Melbourne, FL Welcome to your new happy place in Melbourne! This updated 3-bedroom, 2-bathroom home sits...	3 beds \| 2 baths \| 1,120 sq.ft.	$295,000	Airbnb cash on cash: 5.16% Traditional cash on cash: 4.26% Airbnb Rental Income: $2798 Traditional Rental Income: $1893 Airbnb ROI: 5.16% Traditional ROI: 4.26%

Real Estate investment in Melbourne, FL

There are 551 properties for sale in the city of Melbourne . The median list price in Melbourne is $399,000 and the average price per square foot is $218. In October 2025, the average monthly cash on cash return in Melbourne is 4.00%. The average monthly rental income in Melbourne is $2,237.

Melbourne, FL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 551 investment properties available for sale in Melbourne.

In 2025, the best neighborhood to buy investment property is Melbourne.

The ROI for Long-Term is higher than the Short-Term in Melbourne with average rental income of $2,237.

Your search for investment property begins and ends here

Investment Property for Sale in Melbourne, FL

1165 Luminary Circle unit: 101 #101

Melbourne, FL

2 beds | 2 baths | 1,008 sq.ft.

$274,000

Airbnb cash on cash: 3.31%

Traditional cash on cash: 4.5%

Airbnb Rental Income: $2196

Traditional Rental Income: $1949

Airbnb ROI: 3.31%

Traditional ROI: 4.5%

149 Oak Lake Road

Melbourne, FL

3 beds | 2 baths | 2,008 sq.ft.

$349,000

Airbnb cash on cash: 3.47%

Traditional cash on cash: 5.66%

Airbnb Rental Income: $2798

Traditional Rental Income: $2861

Airbnb ROI: 3.47%

Traditional ROI: 5.66%

3083 Forest Creek Drive

Melbourne, FL

3 beds | 2 baths | 1,721 sq.ft.

$450,000

Airbnb cash on cash: 3.19%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $2798

Traditional Rental Income: $2588

Airbnb ROI: 3.19%

Traditional ROI: 4.24%

4365 Negal Circle

Melbourne, FL

3 beds | N/A baths | 2,188 sq.ft.

$549,900

Airbnb cash on cash: 2.57%

Traditional cash on cash: 3.72%

Airbnb Rental Income: $2798

Traditional Rental Income: $2735

Airbnb ROI: 2.57%

Traditional ROI: 3.72%

315 Arcadia Avenue

Melbourne, FL

3 beds | 2 baths | 1,655 sq.ft.

$449,900

Airbnb cash on cash: 3.07%

Traditional cash on cash: 3.52%

Airbnb Rental Income: $2798

Traditional Rental Income: $2331

Airbnb ROI: 3.07%

Traditional ROI: 3.52%

2240 Enjoya Lane

Melbourne, FL

3 beds | N/A baths | 2,103 sq.ft.

$544,000

Airbnb cash on cash: 0.5%

Traditional cash on cash: 1.34%

Airbnb Rental Income: $2798

Traditional Rental Income: $2571

Airbnb ROI: 0.5%

Traditional ROI: 1.34%

1715 Glendon Drive

Melbourne, FL

4 beds | 2 baths | 1,640 sq.ft.

$299,999

Airbnb cash on cash: 6.9%

Traditional cash on cash: 4%

Airbnb Rental Income: $3510

Traditional Rental Income: $1918

Airbnb ROI: 6.9%

Traditional ROI: 4%

3033 Forest Creek Drive

Melbourne, FL

4 beds | N/A baths | 2,515 sq.ft.

$499,000

Airbnb cash on cash: 4.53%

Traditional cash on cash: 4.66%

Airbnb Rental Income: $3510

Traditional Rental Income: $2793

Airbnb ROI: 4.53%