Rare opportunity to own over 1 acre of direct waterfront property on scenic Crane Creek in the heart of Downtown Melbourne. This unique 1.04-acre homesite offers navigable small-boat access to the Indian River Lagoon and the potential for a private dock (buyer to verify permitting requirements). The existing 2,403 sq. ft. residence is in need of substantial renovation and is being offered primarily for land. Located just one block from Downtown Melbourne's restaurants, shopping, entertainment, and waterfront amenities, this property presents endless possibilities for a private estate, luxury waterfront residence, or future investment opportunity. Enjoy expansive water views, mature trees, and a truly irreplaceable location along Crane Creek. Properties of this size and waterfront character rarely become available this close to downtown. Bring your vision and create something extraordinary.