702 Oak Street, Melbourne Beach, FL 32951
Sunset Bay Subd · Brevard County
Key Facts
Description
Located just 1.5 blocks to the ocean and 3 blocks to Ocean Avenue, this property is situated in an ideal location and boasts a .59 acre homesite. The options include maintaining it as an Income-producing property ready for tenants. Option two, live in one unit and rent the other to new tenants. Option 3, the highest use, build a true custom home on a hard to find .59 acre lot! Currently, there is a 3-bedroom, 2-bath home offering approximately 1,552 square feet of living space and additionally a 1 bedroom cottage. The property presents strong upside potential for investors looking to enhance value over time, whether as a long-term rental or future renovation project. This home is Being sold as-is. Vacant and easy to show.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1950
Stories
1
Living Area
2,212 sq ft
Lot Size
0.59 acres
Garage Spaces
2
MLS® Listing#
1075621
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Rooms
- KitchenFirst
- Living RoomFirst
- Master BedroomFirst
Schools
- Elementary:
- Gemini
- Middle:
- Hoover
- High:
- Melbourne
Financial Details
HOA
None
Annual Taxes
$13,256
Tax year 2025
Parcel Number
28-38-06-78-00000.0-0048.00
Affordability Calculator
$179,000
Estimated monthly payment
$4,764/mo
Principal $716,000 · Est. interest $998,884 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Melbourne Beach, FL
- $498,929
- Median Listing Price
- 114
- Median Days on Market
- 1,426
- Median Sq Ft
- $374
- Median Price / Sq Ft
- 28,154
- Active Listings
- This home’s price is 79% above the area median.
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Melbourne Beach, FL.
Location
Points of Interest in Melbourne Beach, FL
Showing the Melbourne Beach area map.
Nearby Schools
Gemini Elementary School
Elementary · 1.2 mi away
Indialantic Elementary School
Elementary · 2.1 mi away
Hoover Middle School
Secondary · 2.3 mi away
Stone Middle School
Secondary · 2.7 mi away
Stepping Stones Charter School
School · 3.0 mi away
Our Lady of Lourdes Catholic Church
School · 3.3 mi away
Palm Bay Elementary School
Elementary · 3.5 mi away
Liberty High School
Secondary · 3.5 mi away
Space Coast Montessori
Elementary · 3.7 mi away
Bread of Life C Hristian A
School · 3.8 mi away
Melbourne High School
Secondary · 3.8 mi away
Palm Bay High School
Secondary · 3.8 mi away
Holy Trinity Episcopal Academy
School · 3.8 mi away
RFM Christian Academy
School · 3.9 mi away
Brevard Adult & Community Education Melbourne
School · 4.0 mi away
Palm Bay Academ Y
Elementary · 4.0 mi away
Riverdale Country School
School · 4.0 mi away
University Park Elementary School
Primary School · 4.2 mi away
Peace Lutheran Preschool
School · 4.3 mi away
Holy Name of Jesus Catholic School
Secondary · 4.5 mi away
Commute Calculator
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|---|---|---|---|---|
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| 3145 S Atlantic Avenue, Daytona Beach Shores, FL | $629,000 | 3 | 3 | 2,215 |
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Moving Cost Estimate
EXIT Agents in Melbourne Beach
Listing Courtesy: Golden Group Realty LLC - 4079905905