702 Oak Street, Melbourne Beach, FL 32951
$895,000
Property Type:
Residential Income
Square Footage:
2,212
Lot Size (sq. ft.):
25,700
Status:
Active
Current Price:
$895,000
List Date:
4/23/2026
Last Modified:
8/08/2026
Overview
Description
Listing Details MLS# 1075526
General Property Information
- Number Of Buildings
- 2
- Living Area
- 2212
- Living Area Source
- Public Records
- New Construction YN
- No
- Year Built
- 1950
- Garage YN
- Yes
- Garage Spaces
- 2
- Lot Size Acres
- 0.59
- Association YN
- No
- Water Body Access YN
- Yes
- Waterfront YN
- No
- List Price/SqFt
- 404.61
- Lot Size Square Feet
- 25700
- Carport YN
- No
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
Contract Information
- OriginalListPrice
- 920000
- 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
Remarks and Miscellaneous
- 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.
Status Change Information
- Major Change Timestamp
- 2026-07-08T19:19:32Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-07-08T19:19:32Z
- StatusChangeDate
- 2026-04-23
More Information
DPR Eligible
- DPR Eligible
- No
Fireplace Features
- Fireplaces Total
- Yes
Location, Tax, and Legal
- Tax Account
- 2847250
- 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.
Documents
Flood Disclosure ›
Listing Office:
Golden Group Realty LLC
Last Updated: August - 08 - 2026
Information is deemed to be reliable, but is not guaranteed.