Waterfront home - with a BASEMENT! Located in Ballard Park, this 5 bedroom, 3 bath Melbourne home gives you 100 feet of canal frontage and direct access to the Indian River Lagoon from your backyard. Inside, an updated layout features a clean modern kitchen, refreshed baths, vinyl flooring throughout the main level, and a step-down sunken living room that pulls your eye to the water. Three upstairs bedrooms open to a shared balcony that runs along the canal, while a finished bump-out lower level creates a true bonus room for media, gym, studio, or play - a rare find in this area of Florida. An oversized two-car garage, no HOA, and low-maintenance finishes keep daily life easy. No bridge height restrictions and future dock potential invites you to bring the big boats and kayaks. From here it's a short walk to Ballard Park's boat ramp, tennis courts, and riverfront green space, and just minutes to Downtown Eau Gallie, Historic Downtown Melbourne, shopping, dining, and the beaches.