702 Oak Street, Melbourne Beach, FL 32951 (MLS# 1075621)

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: 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.

Bathrooms Half: 0

Living Area: 2212

Living Area Source: Public Records

Lot Size Acres: 0.59

Lot Size Square Feet: 25700

Accessibility Features YN: No

Association YN: No

New Construction YN: No

Garage YN: Yes

Garage Spaces: 2

Carport YN: No

Waterfront YN: No

Senior Community YN: No

CDD Fee YN: No

Community Fee(s) YN: No

Water Body Access YN: Yes

Furnished: Unfurnished

Stories: 1

Direction Faces: North

Pool Private YN: No

List Price/SqFt: 404.61

Bedrooms Total: 4

Bathrooms Total: 2

Bathrooms Full: 2

Year Built: 1950

Public Remarks: 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.

Dishwasher: 1

Electric Cooktop: 1

Electric Oven: 1

Refrigerator: 1

Concrete: 1

Stucco: 1

Central Air: 1

Investment: 1

Multi-Family: 1

Residential: 1

DPR Eligible: No

Fireplaces Total: 1

Tile: 1

Vinyl: 1

Electric: 1

Permission Granted to Advertise: Yes

One: 1

Cash: 1

Conventional: 1

Corner Lot: 1

Garage: 1

Close Of Escrow: 1

Subject To Tenant Rights: 1

Public Accessible: 1

Shingle: 1

Public Sewer: 1

Standard: 1

Electricity Available: 1

Sewer Available: 1

Water Available: 1

Public: 1

Showing Service: 1

Occupied: 1

Kitchen: 1

Kitchen Level: First

Living Room: 1

Living Room Level: First

Primary Bedroom: 1

Primary Bedroom Level: First

Current Price: $895,000

Original List Price: 920000

List Price: $895,000

Status: Active

Listing Contract Date: 2026-04-24

Property Sub Type: Single Family Residence

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

Major Change Timestamp: 2026-07-08T19:19:16Z

Major Change Type: Price Reduced

Price Change Timestamp: 2026-07-08T19:19:16Z

Status Change Timestamp: 2026-04-24