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702 Oak Street Melbourne Beach, FL $ 895,000
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$ 895,000 Get more info
702 Oak Street
$ 895,000
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Open House 7/26 12pm - 2pm
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702 Oak Street

Melbourne Beach, FL, 32951
$ 895,000
Baths0.0 Sq 2,212

Monthly Estimate*

$ 5,651

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View a Virtual Tour
Studio

Multi-Family Home for sale in Melbourne Beach, FL

for $895,000. This 2,212 square foot home was built in 1950 on a lot size of 0.59.

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.

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Open House

7/26/2026 12:00 PM - 2:00 PM
702 Oak Street Melbourne Beach, FL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Multi-Family Active

Price

$ 895,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,256

Style

Multi Family

Lot Size

0.59

Year Built

1950

Town/City

Melbourne Beach

County/Region

Brevard

MLS | Web ID

1075526
Features
General
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
Levels One
Property Subtype Multi Family
Tax Year 2025
Current Use Investment Multi-Family Residential
Additional Parcels Description 2847250
County Brevard
New Construction false
Property Type Residential Income
Association Amenities Beach Access
HOA false
Attached Garage false
Subdivision Name Sunset Bay Subd
Garage Y/N true
Full Baths 0
Status Active
Directions From US Highway 1. 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 at the corner of Sunset & Oak.
High School Melbourne
City Melbourne Beach
Number Of Units Total 0
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/10005169
Standard Status Active
Legal Description SUNSET BAY SUBD LOTS 48 49 50
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Interior
Flooring Tile Vinyl
Total Fireplaces 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features Garage
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.59
Number of Buildings 2
Lot Size Acres 0.59
Waterfront Y/N false
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* Excluded Features
List By
Golden Group Realty Llc

Broker

crystalcanina@gmail.com

Email

Affordability Calculator

$6,756
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,651
Monthly Property Taxes
$1,105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1363012 Elementary School
4810970 Middle School
Melbourne High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/8/2026$895,000 -2.72% Price Down
4/23/2026$920,000 Listed Price

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702 Oak Street, Melbourne Beach, FL, 32951 is a Multi-Family Home for sale at $895,000 with 2,212 sqft and a lot size of 0.59. 702 Oak Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 32951 which is in Melbourne Beach, FL

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