$920,000
Melbourne Beach, FL 32951
MLS# 1075526
1 / 25
Property Description
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.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2847250
Parcel Number: 28-38-06-78-00000.0-0048.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 13256.3
Tax Year: 2025
Tax Legal Description: SUNSET BAY SUBD LOTS 48,49,50
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.
General Property Information
Number Of Buildings: 2
Bathrooms Half: 0
Living Area: 2212
Living Area Source: Public Records
Lot Size Acres: 0.59
Lot Size Square Feet: 25700
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Water Body Access YN: Yes
List Price/SqFt: 415.91
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: 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.
Appliances
Dishwasher: 1
Electric Cooktop: 1
Electric Oven: 1
Refrigerator: 1
Association Amenities
Beach Access: 1
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Investment: 1
Multi-Family: 1
Residential: 1
DPR Eligible
DPR Eligible: No
Fireplace Features
Fireplaces Total: 1
Flooring
Tile: 1
Vinyl: 1
Heating
Electric: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Parking Features
Garage: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Water Body Access Type
Public Accessible: 1
Owner Pays
Grounds Care: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $920,000
Original List Price: 920000
List Price: $920,000
Status: Active
Listing Contract Date: 2026-04-22
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 702
Street Name: Oak
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: Sunset Bay Subd
Status Change Information
Major Change Timestamp: 2026-04-23T20:31:47Z
Major Change Type: New Listing
Status Change Timestamp: 2026-04-23
Property Features
Appliances: Dishwasher; Electric Cooktop; Electric Oven; Refrigerator
Association Amenities: Beach Access
Construction Materials: Concrete; Stucco
Cooling: Central Air
Current Use: Investment; Multi-Family; Residential
Flooring: Tile; Vinyl
Heating: Electric
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Grounds Care
Parking Features: Garage
Possession: Close Of Escrow; Subject To Tenant Rights
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Electricity Available; Sewer Available; Water Available
Water Body Access Type: Public Accessible
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Showing Service
Flood Disclosure 
Listing Office: Golden Group Realty LLC
Last Updated: April - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.