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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
Back to search
Share Save

702 Oak Street

Melbourne Beach, FL, 32951
$ 895,000
Bedrooms4 Baths2.0 Sq 2,212

Monthly Estimate*

$ 5,651

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Single Family Home for sale in Melbourne Beach, FL

for $895,000 with 4 bedrooms and 2 full baths. 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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Single Family Active

Price

$ 895,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 13,256

Style

Single Family Residence

Lot Size

0.59

Year Built

1950

Town/City

Melbourne Beach

County/Region

Brevard

MLS | Web ID

1075621
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
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
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Interior
Flooring Tile Vinyl
Furnished Y/N Unfurnished
Total Fireplaces 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Total Bedrooms 4
Total Baths 2
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Exterior
Parking Features Garage
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.59
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
4/24/2026$920,000 Listed Price

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702 Oak Street, Melbourne Beach, FL, 32951 is a Single Family Home for sale at $895,000 with 2,212 sqft and a lot size of 0.59. 702 Oak Street has 4 bedrooms, 2.0 baths, and was built in 1950. The property's zip code is 32951 which is in Melbourne Beach, FL

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