702 Oak Street, Melbourne Beach, FL 32951

$895,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,212 Lot Size (sq. ft.): 25,700 Status: Active
Current Price: $895,000 List Date: 4/24/2026 Last Modified: 8/08/2026

Overview

Description

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.

Listing Details MLS# 1075621

General Property Information

Bedrooms Total
4
Bathrooms Total
2
Bathrooms Full
2
Living Area
2212
Living Area Source
Public Records
Accessibility Features YN
No
New Construction YN
No
Year Built
1950
Garage YN
Yes
Garage Spaces
2
Carport YN
No
Lot Size Acres
0.59
Lot Size Square Feet
25700
Association YN
No
CDD Fee YN
No
Community Fee(s) YN
No
Water Body Access YN
Yes
Waterfront YN
No
Furnished
Unfurnished
Stories
Yes
Direction Faces
North
Senior Community YN
No
Pool Private YN
No
List Price/SqFt
404.61

Property Features

Appliances: Dishwasher; Electric Cooktop; Electric Oven; Refrigerator 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 Parking Features: Garage Possession: Close Of Escrow; Subject To Tenant Rights Water Body Access Type: Public Accessible Roof: Shingle Sewer: Public Sewer Showing Requirements: Showing Service Special Listing Conditions: Standard Utilities: Electricity Available; Sewer Available; Water Available Water Source: Public Showing Considerations: Occupied Room Types: Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price
920000
Listing Contract Date
2026-04-24
Property Sub Type
Single Family Residence

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
2026-07-08T19:19:16Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-07-08T19:19:16Z
Status Change Timestamp
2026-04-24

More Information

DPR Eligible

DPR Eligible
No

Fireplace Features

Fireplaces Total
Yes

Legal Details

Permission Granted to Advertise
Yes

Room Types

Kitchen Level
First
Living Room Level
First
Primary Bedroom Level
First

Room Information

Room Name Level
Kitchen First
Living Room First
Primary Bedroom First
Listing Office: Golden Group Realty LLC
Last Updated: August - 08 - 2026
Information is deemed to be reliable, but is not guaranteed.

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