506 Banyan Way Melbourne Beach, FL $ 1,100,000
506 Banyan Way
$ 1,100,000
Share Save

506 Banyan Way

Melbourne Beach, FL, 32951
$ 1,100,000
Bedrooms4 Baths3.1 Sq 2,463

Monthly Estimate*

$ 6,946

506 Banyan Way, Melbourne Beach, FL 32951 - Image 1
506 Banyan Way, Melbourne Beach, FL 32951 - Image 2
506 Banyan Way, Melbourne Beach, FL 32951 - Image 3
506 Banyan Way, Melbourne Beach, FL 32951 - Image 4
506 Banyan Way, Melbourne Beach, FL 32951 - Image 5
506 Banyan Way, Melbourne Beach, FL 32951 - Image 6
506 Banyan Way, Melbourne Beach, FL 32951 - Image 7
506 Banyan Way, Melbourne Beach, FL 32951 - Image 8
View a Virtual Tour

Single Family Home for sale in Melbourne Beach, FL

for $1,100,000 with 4 bedrooms and 3 full baths, 1 half bath. This 2,463 square foot home was built in 1962 on a lot size of 0.31.

Experience elevated coastal living where timeless design meets exceptional craftsmanship. Completely renovated from the studs up, every inch of this home has been thoughtfully transformed with premium materials, designer finishes, and impeccable attention to detail. From the custom hardware and statement lighting to the luxury vinyl plank flooring and beautifully appointed tilework, every space reflects quality and sophistication. At the center of the home is a stunning open-concept kitchen designed to impress, featuring upgraded natural quartz countertops, a full-height tile backsplash, premium Z-Line appliances, and a show stopping island. The seamless flow into the main living and dining areas creates an inviting setting for both everyday living and effortless entertaining. The newly created primary suite offers a peaceful retreat with designer walk-in closets with custom shelving and a spa-inspired bath highlighted by a zero-entry shower. A second private primary suite on the opposite side of the home provides ideal accommodations for guests or multigenerational living. Two additional bedrooms are connected by a Jack-and-Jill bath, and the thoughtfully designed split-bedroom layout enhances comfort and privacy for everyone. Outdoor living is just as impressive, featuring a beautifully resurfaced pool with designer tile, an elegant outdoor shower, lush new sod, and vibrant landscaping. The newly constructed pergola and welcoming front porch are accented with rich cedar tongue-and-groove ceilings, while the expanded paver patio and driveway, new fencing, and spacious .31-acre homesite provide the perfect setting for a relaxing beach vibe. Beyond its beautiful finishes, this home offers the confidence of virtually all-new infrastructure, including the shingle roof in 2019 and metal roofs in 2026, main HVAC system (2020) and new primary bedroom HVAC system (2026), 50-gallon water heater (2026), impact-rated windows, doors, and sliders, updated water lines and plumbing (no cast iron), modern electrical, and a dedicated indoor laundry room complete with washer and dryer. Perfectly positioned in one of Melbourne Beach's most desirable neighborhoods, this exceptional property is completely move-in ready. For buyers seeking a turnkey experience, the brand-new designer furnishings are also available for purchase. This is a rare opportunity to own a meticulously reimagined coastal retreat where luxury, comfort, and modern convenience come together.

See more

Single Family Pending

Price

$ 1,100,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 8,579

Style

Lot Size

0.31

Year Built

1962

Town/City

Melbourne Beach

County/Region

Brevard

MLS | Web ID

1083910

Features
General
Living Area 2463
Sewer Public Sewer
Heating Central Electric Heat Pump
Cooling Central Air Electric Multi Units
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Negotiable
Roof Metal Shingle
Appliances Dishwasher Disposal Dryer Electric Range ENERGY STAR Qualified Dishwasher ENERGY STAR Qualified Refrigerator ENERGY STAR Qualified Water Heater Ice Maker Microwave Refrigerator Washer Wine Cooler
Garage Spaces 2
Patio/Porch Features Covered Patio Rear Porch
Architectural Style Ranch
Pool Features Fenced In Ground
Security Features Smoke Detector(s)
Construction Materials Block Stucco
Pets Allowed Yes
Year Built 1962
Electric 200+ Amp Service
View Pool
Stories Count 1
Levels One
Property Subtype Single Family Residence
Tax Year 2023
Current Use Residential
Additional Parcels Description 2847012
County Brevard
New Construction false
Property Type Residential
HOA false
Attached Garage true
Energy Efficient Appliances Doors Water Heater Windows
Subdivision Name Island Shores of Melbourne Beach
Facing Direction South
Garage Y/N true
Other Structures Gazebo Shed(s)
Total Rooms 0
Full Baths 3
Status Pending
Directions Head toward E Strawbridge Ave follow US-192 E Pass by Chase Bank (on the right) Turn right onto S Riverside Dr Turn left onto S Palm Ave Turn right onto Banyan Way Destination will be on the left at 506 Banyan Way
High School Melbourne
City Melbourne Beach
Senior Community Y/N false
Zoning Description Residential
MLS Area 384-Indialantic/Melbourne Beach
Lot Size Units Acres
Lot Size Square Feet 13504
Carport Y/N false
Elementary School Gemini
Land Lease Y/N false
Tax Annual Amount 8579.61
Middle/Junior High School Hoover
Property Condition Updated/Remodeled
MLS Area Minor 384-Indialantic/Melbourne Beach
Virtual Tour https://www.virtualtourcafe.com/mls/10009498
Standard Status Pending
Legal Description ISLAND SHORES OF MELBOURNE BEACH LOT 13 BLK 2
See more
Interior
Interior Amenities Breakfast Bar Built-in Features Ceiling Fan(s) Guest Suite Jack and Jill Bath Kitchen Island Open Floorplan Pantry Primary Bathroom - Shower No Tub Smart Thermostat Split Bedrooms Walk-In Closet(s)
Flooring Tile Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Half Baths 1
Laundry Features Electric Dryer Hookup In Unit Washer Hookup
Total Bedrooms 4
Total Baths 4
See more
Exterior
Exterior Amenities Outdoor Shower Impact Windows
Fencing Privacy Wood
Parking Features Attached Garage Garage Door Opener
Lot Features Sprinklers In Front Sprinklers In Rear Other
Water Source Public
Lot Size Area 0.31
Building Area Total 2877
Lot Dimensions 120 x 113
Lot Size Acres 0.31
Road Surface Type Concrete Paved
Waterfront Y/N false
Road Frontage Type City Street
See more
* Excluded Features
List By
Itg Realty

Broker

nathan@doyleinvestmentteam.com

Email

Affordability Calculator

$7,660
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,946
Monthly Property Taxes
$715
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1363012 Elementary School
4810970 Middle School
Melbourne High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$1,100,000 Listed Price

Map


See all

506 Banyan Way, Melbourne Beach, FL, 32951 is a Single Family Home for sale at $1,100,000 with 2,463 sqft and a lot size of 0.31. 506 Banyan Way has 4 bedrooms, 3.1 baths, and was built in 1962. The property's zip code is 32951 which is in Melbourne Beach, FL