Sold for $560,000

$560,000

502 Banyan Way, Melbourne Beach, FL 32951

3beds

1,540sqft

SingleFamily

Built in 1957

0.31 Acres Lot

$637,400 Zestimate^®

$364/sqft

$2,706 Estimated rent

Home value

$637,400

$586,000 - $695,000

$2,706/mo

Zestimate^® history

Owner options

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$2,706/mo

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$2,706/mo

Rent Zestimate^®

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$3,749/mo

Est. payment

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$3,749/mo

Est. payment

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What's special

Location, location, location. This Melbourne Beach home is located close to both Melb. Bch and Indialantic beach accesses, grocery stores, restaurants, and amenities (parks, fishing piers and even a library). The home is unfurnished. You can hear the ocean while sitting in the screened in back porch. The home is primarily tiled with newer carpet in living room and hallway. The home is a charming, well preserved and maintained vintage Florida style home with drop beam vaulted ceilings on a large, well kept lot with fruit trees (mango, fig). Perfect Florida home or vacation hideaway. One car attached garage with laundry room. Washer/dryer. Lawn care included. Newer a/c system. Shed in backyard. Landlord pays taxes and full lawn service. Single family only. No multiple tenants. Call for viewing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced air, Electric

Cooling

Other

Appliances

Included: Dryer, Washer
Laundry: In Unit

Features

Flooring: Tile, Carpet

Interior area

Total interior livable area: 1,540 sqft

Property

Parking

Parking features: Garage - Detached

Features

Exterior features: Stucco

Lot

Size: 0.31 Acres

Details

Parcel number: 28380675215

Construction

Type & style

Home type: SingleFamily

Materials

masonry
Roof: Asphalt

Condition

Year built: 1957

Community & HOA

HOA

Has HOA: Yes
HOA fee: $3 monthly

Location

Region: Melbourne Beach

Financial & listing details

Price per square foot: $364/sqft
Tax assessed value: $477,600
Annual tax amount: $6,699

Price history

Date	Event	Price
10/10/2023	Sold	$560,000$364/sqft
Source: Public Record Report a problem
2/25/2021	Listing removed	--
Source: Owner Report a problem
6/10/2020	Listing removed	$2,200$1/sqft
Source: Owner Report a problem
4/10/2020	Listed for rent	$2,200+4.8%$1/sqft
Source: Owner Report a problem
10/8/2018	Listing removed	$2,100$1/sqft
Source: Newton Real Estate Group #826299 Report a problem
10/5/2018	Listed for rent	$2,100$1/sqft
Source: Newton Real Estate Group #826299 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,699 +1.7%	$477,600 +1.8%
2024	$6,587 +1.2%	$469,140 -3.7%
2023	$6,510 +7.8%	$487,160 +5.8%
2022	$6,036 +15.6%	$460,670 +49.6%
2021	$5,220 +3%	$307,920 +3.7%
2020	$5,070 +4.6%	$296,840 +7.2%
2019	$4,848	$277,000 +4.2%
2018	$4,848 +3.2%	$265,740 -1%
2017	$4,696 +4.5%	$268,360 +17.7%
2016	$4,495 +7.4%	$228,030 +15.2%
2015	$4,185 +15.9%	$197,960 +10%
2014	$3,613	$179,970 +10%
2013	--	$163,610 +6.1%
2012	$3,166 +0.6%	$154,200 -0.7%
2011	$3,146 -4.7%	$155,350 -12.7%
2010	$3,301 -5.5%	$178,020 -11.6%
2009	$3,494 -6%	$201,370 -16.4%
2008	$3,716 -17.6%	$240,900 -13.9%
2007	$4,510 +276.8%	$279,900 +4.1%
2005	$1,197 -2.7%	$268,910 +58.1%
2004	$1,229 -3.5%	$170,080 +36.3%
2003	$1,274 +3.4%	$124,770 +11.8%
2002	$1,233 +2.3%	$111,560 +7.4%
2001	$1,205 +7.2%	$103,890 +26.9%
2000	$1,124	$81,870