$193,300
as of Sep 25, 2026
- 2 Beds
- 1 Bath
- 882 sqft
562 Cherokee Ave, Melbourne, FL 32935
Home Highlights
Single-Family Home
Built in 1963
882 sqft
$219/sqft
Attached Garage
Local Information
-- mins to
About this House
What's unique:Bright freshly painted interiorSpacious fully fenced yardSmall dog runBrand-new appliances
Welcome to your new home in the charming Eau Gallie Arts District area! This freshly updated 2-bedroom, 1-bath single-family home is ready for immediate move-in. Step inside to find a bright, freshly painted interior with brand-new appliances and a brand-new A/C system to keep you cool year-round. Out back, enjoy a spacious, fully fenced yard - perfect for outdoor living and soaking up the Florida sunshine. This 12-month rental is available now for just $1,650 per month - an unbeatable value in a sought-after neighborhood filled with local charm, galleries, shops, and riverfront parks. Don't miss your chance to live in one of Melbourne's most creative communities. Schedule your tour today and make this Eau Gallie gem your new home!
562 Cherokee Ave, Melbourne, FL 32935 is a 2 bedroom, 1 bathroom, 882 sqft single-family home built in 1963. It last sold for $45,000 on Jul 6, 2009 (2,627% above the $1,650 asking price). More recently, it was listed as a rental in April 2025 with an asking price of $1,750 per month. That rental listing was removed on July 29, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $193,300, with a rent estimate of $1,725/month.
Home Details for 562 Cherokee Ave
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Heating & Cooling Heating: ElectricAir ConditioningCooling System: Central AirHeating Fuel: Electric |
Appliances & Utilities DishwasherMicrowaveRefrigerator |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Single Family Home |
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Lease Term: Contact For Details |
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Parking & Garage Parking: Attached Other, On Site |
Comparable Sales for 562 Cherokee Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.70 | Single-Family Home | $50,000 | 11/13/25 | 2 | 1 | 1,296 sqft |
Home facts updated by county records
Nearby homes
Get a sense of prices in the area by checking nearby homes.Rental Market Trends in Melbourne
Last updated Sep 2026
Trulia Rent Estimate$1,725/mo
Average rent
$2K
$19MoM
Available listings
402
Around this home
What Locals Say about Melbourne
At least 923 Trulia users voted on each feature.
88 % Say car is needed
88 % Say it's dog friendly
83 % Say parking is easy
74 % Say yards are well-kept
74 % Say there are sidewalks
72 % Say there's holiday spirit
69 % Say it's quiet
65 % Say people would walk alone at night
61 % Say kids play outside
58 % Say streets are well-lit
53 % Say neighbors are friendly
50 % Say there's wildlife
49 % Say they plan to stay for at least 5 years
43 % Say it's walkable to grocery stores
40 % Say it's walkable to restaurants
27 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 29, 2025 Source: Zillow Rentals | ListingRemoved | $1,650 |
May 15, 2025 Source: Zillow Rentals | PriceChange | $1,650 Price decreased by 6% |
Apr 25, 2025 Source: Zillow Rentals | Listed For Rent | $1,750 |
Jul 6, 2009 Source: N/A | Sold | $45,000 |
May 30, 2009 Source: Agent Provided | PriceChange | $57,900 Price decreased by 24% |
Apr 6, 2009 Source: Agent Provided | PriceChange | $75,900 Price decreased by 4% |
Mar 31, 2009 Source: Agent Provided | PriceChange | $78,900 Price decreased by 2% |
Mar 2, 2009 Source: Agent Provided | PriceChange | $80,900 Price decreased by 4% |
Feb 15, 2009 Source: Agent Provided | PriceChange | $83,900 Price decreased by 3% |
Jan 27, 2009 Source: Agent Provided | PriceChange | $86,900 Price decreased by 3% |
Jan 12, 2009 Source: Agent Provided | Listed For Sale | $89,900 |
Jun 8, 2006 Source: N/A | Sold | $145,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,508 | $160,980 |
Home facts updated by county records
Frequently asked questions about 562 Cherokee Ave
- What is 562 Cherokee Ave estimated to be worth?Trulia's estimated value for 562 Cherokee Ave in Melbourne, FL is $193,300.
- What is the price history for 562 Cherokee Ave?562 Cherokee Ave in Melbourne, FL last sold for $45,000 in July 2009.
- Is Melbourne a buyer's or seller's market?Melbourne is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Melbourne?The median sale price in Melbourne is $371K. That is up $3.17K from the prior month.
- Does 562 Cherokee Ave have air conditioning?Yes, 562 Cherokee Ave in Melbourne, FL has air conditioning.
- Does 562 Cherokee Ave have parking?Yes, 562 Cherokee Ave in Melbourne, FL has on-site parking.
Homes for rent near 562 Cherokee Ave
Affordability
TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

