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: 415.91

Bedrooms Total: 4

Bathrooms Total: 2

Bathrooms Full: 2

Year Built: 1950

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.

Dishwasher: 1

Electric Cooktop: 1

Electric Oven: 1

Refrigerator: 1

Concrete: 1

Stucco: 1

Central Air: 1

Investment: 1

Multi-Family: 1

Residential: 1

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

24 Hour Notice: 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: $920,000

Original List Price: 920000

List Price: $920,000

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: 2026-04-24T19:05:24Z

Major Change Type: New Listing

Status Change Timestamp: 2026-04-24