2179 Pineapple Ave, Melbourne, FL, 32935
About This Home
Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1958
Materials
- Roof: Shingle
- Construction materials: Block,Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 10
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Electric,Multi Units,Wall/Window Unit(s)
Interior Area
- Total interior livable area: 4,185 sqft
Property
Details
- Parcel number: 273716250000a.00022.00
- Special condition: Standard
Features
- Stories: 2
- Fencing: Wood
- On waterfront: Yes
- Waterfront features: Intracoastal
- Waterbody name: Indian River
Lot
- Lot size: 0.50 Acres
- Features: Other
Parking
- Total spaces: 2
- Parking features: Assigned
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Brevard County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,354 | $112,248 |
| Home Insurance * | $2,215 | $26,580 |
| Property Taxes | $2,884 | $34,608 |
| Electricity | $421 | $5,054 |
| Total | $14,874 | $178,488 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-19 | Price change | $1,850,000 |
| 2026-02-12 | Listed for sale | $1,900,000 |
| 2024-11-23 | Listing removed | $1,694,000 |
| 2024-11-19 | Price change | $1,695,000 |
| 2024-07-08 | Price change | $1,699,000 |
| 2024-06-04 | Price change | $1,800,000 |
| 2024-04-10 | Listed for sale | $1,900,000 |
| 2024-03-26 | Contingent | $1,900,000 |
| 2024-03-26 | Listed for sale | $1,900,000 |
| 2024-02-15 | Pending sale | $1,900,000 |
| 2023-12-08 | Listed for sale | $1,900,000 |
| 2022-04-02 | Listing removed | -- |
| 2022-03-01 | Listed for sale | $1,875,000 |
| 2016-04-08 | Sold | $900,000 |
| 2015-02-27 | Sold | $340,000 |
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