$375,000
1125 Gainey Drive
Melbourne, FL 32901
Listing updated: June 24, 2026 at 10:42 AM ET
Listing courtesy of Preferred Real Estate Brokers · Dustin Klath · MLS #O6368536 · Active · 407-440-4900Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
ONE OF A KIND!! Welcome to 1125 Gainey Dr, a FULLY RENOVATED and exceptionally versatile property in Melbourne, FL. This spacious residence offers 6 BEDROOMS, 4 BATHROOMS, and an impressive 3 KITCHENS, making it ideal for multi-generational living, extended family arrangements, or income-producing opportunities. The home has been COMPLETELY RENOVATED from top to bottom, featuring modern finishes, updated flooring, refreshed bathrooms, and stylish kitchens designed for both functionality and comfort. Thoughtfully designed living spaces provide flexibility for a variety of living configurations, with multiple private areas that can function independently while still feeling connected. Whether you’re looking for a primary residence with room to grow, a setup for guests or in-laws, or a property with strong rental potential, this home delivers unmatched adaptability. Conveniently located near shopping, dining, schools, and major roadways, this move-in-ready property is a rare find in today’s market. Don’t miss this unique opportunity—schedule your private showing today.
Local Insight
At $170/sqft for a 1957 six-bedroom in a flood-X zone with no HOA, this is priced aggressively for what's likely a dated property—you're betting on either significant sweat equity or land value in Gramling Park, which sits just south of the revitalized downtown corridor and Eau Gallie's genuine arts scene. The tight 0.14-acre lot and age mean utility updates (electrical, plumbing, HVAC) are almost certain expenses, so factor those heavily into your offer rather than just anchoring to the listed price. If you're drawn to the Melbourne riverfront renaissance and want walkability to galleries and restaurants, this location's proximity is real, but this particular house will require honest appraisal work before committing.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history188 days on market
- Status: ActiveDec 19, 2025
- Listed$400,000Dec 18, 2025
- Price reduced$375,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 188
- Subdivision
- Gramling Park Sub
- County
- Brevard
- Year built
- 1957
- Living area
- 2,205 sq ft
- Price/sq ft
- $170
- Lot size
- 6,098 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- x
- Annual taxes
- $543 (2025)
- Parcel #
- 28 3711-28-D-26
- Zoning
- R1A
- MLS #
- O6368536
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Interior Details
- Bedrooms
- 6
- Full bathrooms
- 4
- Flooring
- Tile, Vinyl
- Appliances
- Dryer, Microwave, Range, Refrigerator, Washer
- Interior features
- Ninguno, Open Floorplan, Split Bedroom, Stone Counters, Thermostat
- Laundry
- Inside
- Stories / Levels
- Two
- Direction faces
- West
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 7 Months
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Buyer to verify any leasing restrictions with the city/county.
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Block
- Roof
- Other
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | |
| Living Room | First | |
| Primary Bedroom | First |
Listing Details
- Listing date
- 2025-12-18
- On market date
- 2025-12-18
- Original list price
- $400,000
- Occupant type
- Vacant
- MLS area
- 32901 - Melbourne
- Listing AOR
- Orlando Regional
- Status changed
- 2025-12-19
- Tax legal description
- GRAMLING PARK SUBD LOT 26 BLK D
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US1 West on University Blvd, then right on Colbert, then right on Gainey Dr. House will be on the right after the curve
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 24, 2026 at 10:42 AM ET. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA