Address
702 Oak Street, Melbourne Beach, FL
Price
$ 895,000
Property Attributes
- MLS#1075621
- TypeSingle Family
- Listing Status Active
- CountyBrevard
- CityMelbourne Beach
- AreaIndialantic-Melbourne Beach
- NeighborhoodSunset Bay Subd
- Zip32951
- StyleSingle Family Residence
- Year Built1950
- Taxes$ 13256
- Price$ 895,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2212
- Lot Size0.59 Acres
Data Source:
Space Coast AOR
Property Description
Located just 1.5 blocks from the ocean and only 3 blocks from Ocean Avenue, this rare .59-acre property offers exceptional flexibility and investment potential. Keep it as a proven income-producing property, live in the main home while renting the cottage, or build your dream custom estate on one of the area's hard-to-find oversized lots. The property features a 3-bedroom, 2-bath main home (approx. 1,552 SF) plus a separate 1-bedroom cottage. Major updates to the Main Home include a 2019 roof with peel-and-stick underlayment and Owens Corning Duration shingles, 2024 A/C and ductwork, partial impact windows, 2022 exterior sewer line replacement, remodeled guest bath (2021), and primary bath (2008). The Cottage features updated sewer and water lines (2023), 2008 cabinets, appliances, and ceramic flooring, making this an outstanding opportunity for homeowners and investors alike. This home is Being sold as-is. Vacant and easy to show.
| Elementary School | Middle School | High School |
|---|---|---|
| Gemini Elementary School | Hoover Middle School | Melbourne High School |
| Price History | |
|---|---|
| 4/24/2026 | Listed $920,000 |
| 7/8/2026 | 3$895,000 |
General Features
| Living Area | 2212 |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric |
| Cooling | Central Air |
| Utilities | Electricity Available,Sewer Available,Water Available |
| Possession | Close Of Escrow,Subject To Tenant Rights |
| Roof | Shingle |
| Appliances | Dishwasher,Electric Cooktop,Electric Oven,Refrigerator |
| Garage Spaces | 2 |
| Construction Materials | Concrete,Stucco |
| Year Built | 1950 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Current Use | Investment,Multi-Family,Residential |
| Additional Parcels Description | 2847250 |
| County | Brevard |
| New Construction | false |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Sunset Bay Subd |
| Facing Direction | North |
| Garage Y/N | true |
| Total Rooms | 3 |
| Full Baths | 2 |
| Status | Active |
| Directions | Head west on US-192/E New Haven Ave, turn left onto Oak St, and continue to 702 Oak St which will be on your right. |
| High School | Melbourne |
| City | Melbourne Beach |
| Senior Community Y/N | false |
| MLS Area | 384-Indialantic/Melbourne Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 25700 |
| Carport Y/N | false |
| Elementary School | Gemini |
| Tax Annual Amount | 13256.3 |
| Middle/Junior High School | Hoover |
| MLS Area Minor | 384-Indialantic/Melbourne Beach |
| Virtual Tour | https://www.virtualtourcafe.com/mls/10005220 |
| Standard Status | Active |
| Legal Description | SUNSET BAY SUBD LOTS 48,49,50 |
Interior Features
| Flooring | Tile,Vinyl |
|---|---|
| Furnished Y/N | Unfurnished |
| Total Fireplaces | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Parking Features | Garage |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 0.59 |
| Lot Size Acres | 0.59 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32951
Price
Taxes
Year Built
In The Neighborhood
Primary On Main
Melbourne Beach
$ 2,100,000
- Type
- Single Family
- Size
- 2,586 SqFt
- Rooms
- 6 Beds + 3.5 Baths
These listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than NextHome Space Coast Experts are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable
