506 Magnolia Avenue, Melbourne Beach, FL 32951
Island Shores of Melbourne Beach · Brevard County
Key Facts
Description
Enjoy the Beach lifestyle in this Charming Pool Home in the highly desirable SOFA district (South of Fifth Ave). A short walk to the beach and river, with no HOA and short term rental friendly. A solid home with concrete block construction with some costly updates already addressed: Re-plumbed in 2022, new pavers installed in 2021, Pool resurfaced in 2018, Flat Roof (2015), AC (2020), water heater (2022), newly painted interior and exterior painting is in progress. New stove, refrigerator and microwave. Large lot with luscious tropical landscape and a sparkling pool with in-ground spa with plenty of space to create your very own dream backyard oasis. What a great house for entertaining or your own serene sanctuary. Imagine morning coffee by the pool or hosting pool parties, cook out and yard games. Bright and airy with lots of natural light, split floor plan, great neighborhood for walks or run, and friendly neighbors. Find out what small town living by the sea is all about
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Traditional
Year Built
1957
Living Area
1,452 sq ft
Lot Size
0.30 acres
Garage Spaces
1
MLS® Listing#
1080949
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Pool
Parking
Laundry
Fencing
Lot Features
Construction
Roof
Other Structures
Utilities
Sewer
Water Source
Schools
- Elementary:
- Gemini
- Middle:
- Hoover
- High:
- Melbourne
Financial Details
HOA
None
Annual Taxes
$2,439
Tax year 2025
Parcel Number
28-38-06-75-00003.0-0013.00
Affordability Calculator
$124,980
Estimated monthly payment
$3,326/mo
Principal $499,920 · Est. interest $697,433 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 25% above the area median.
- Its price per sq ft is 15% 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 · 1.7 mi away
Indialantic Elementary School
Elementary · 1.7 mi away
Hoover Middle School
Secondary · 1.8 mi away
Stone Middle School
Secondary · 2.4 mi away
Our Lady of Lourdes Catholic Church
School · 2.9 mi away
Stepping Stones Charter School
School · 3.3 mi away
Melbourne High School
Secondary · 3.4 mi away
RFM Christian Academy
School · 3.4 mi away
Holy Trinity Episcopal Academy
School · 3.5 mi away
Liberty High School
Secondary · 3.5 mi away
Brevard Adult & Community Education Melbourne
School · 3.6 mi away
Palm Bay Elementary School
Elementary · 3.6 mi away
Palm Bay High School
Secondary · 3.7 mi away
Space Coast Montessori
Elementary · 3.8 mi away
Bread of Life C Hristian A
School · 3.8 mi away
University Park Elementary School
Primary School · 4.0 mi away
Palm Bay Academ Y
Elementary · 4.0 mi away
Riverdale Country School
School · 4.0 mi away
Holy Name of Jesus Catholic School
Secondary · 4.1 mi away
West Shore Junior/Senior High School
Secondary · 4.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1833 S Ocean Dr 1702, Hallandale Beach, FL | $437,500 | 2 | 2 | 1,360 |
| 650 ISLAND WAY 202, CLEARWATER BEACH, FL | $437,500 | 2 | 2 | 1,188 |
| 6612 Fawn Ridge Drive, Melbourne, FL | $437,500 | 3 | 2 | 1,401 |
| 10984 Stafford Circle S, Boynton Beach, FL | $437,500 | 3 | 2 | 1,654 |
| 4266 SW 10th Pl, Deerfield Beach, FL | $437,900 | 3 | 2 | 1,432 |
| 1465 Bruntsfield Terrace, Vero Beach, FL | $438,000 | 4 | 2 | 2,064 |
Moving Cost Estimate
EXIT Agents in Melbourne Beach
Listing Courtesy: One Sotheby's International - 3219843135