702 Oak Street Melbourne Beach, FL $ 920,000
702 Oak Street
$ 920,000
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702 Oak Street

Melbourne Beach, FL, 32951
$ 920,000
Baths0.0 Sq 2,212

Monthly Estimate*

$ 5,665

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Studio

Multi-Family Home for sale in Melbourne Beach, FL

for $920,000. This 2,212 square foot home was built in 1950 on a lot size of 0.59.

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 with tenants already in place--start generating returns from day one. Option two, live in one unit and rent the other (tenants are month to month). 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. Tenant occupied. Showings by appointment only.

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Multi-Family Active

Price

$ 920,000

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

$6,769
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,665
Monthly Property Taxes
$1,105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
4/23/2026$920,000 Listed Price

Map


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702 Oak Street, Melbourne Beach, FL, 32951 is a Multi-Family Home for sale at $920,000 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