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

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

702 Oak Street, Melbourne Beach, FL 32951

$895,000

Virtual Tour

https://www.virtualtourcafe.com/mls/10005220

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: 7/09/2026

Overview

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 ready for tenants. Option two, live in one unit and rent the other to new tenants. 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. 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
Lot Size Acres: 0.59
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
Bathrooms Half: 0
Lot Size Square Feet: 25700
Carport YN: No

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

OriginalListPrice: 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 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 ready for tenants. Option two, live in one unit and rent the other to new tenants. 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. 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
StatusChangeDate: 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
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes

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: 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.

Appliances

Dishwasher: Yes
Electric Cooktop: Yes
Electric Oven: Yes
Refrigerator: Yes

Construction Materials

Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Current Use

Investment: Yes
Multi-Family: Yes
Residential: Yes

Flooring

Tile: Yes
Vinyl: Yes

Heating

Electric: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Parking Features

Garage: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Water Body Access Type

Public Accessible: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Showing Service: Yes

Showing Considerations

Occupied: Yes

Room Information

Room Name	Level
Kitchen	First
Living Room	First
Primary Bedroom	First

Listing Office: Golden Group Realty LLC

Last Updated: July - 09 - 2026

Information is deemed to be reliable, but is not guaranteed.