Skip main navigation
Off market
    • $688,200

    505 Banyan Way, Melbourne Beach, FL 32951

    4beds
    1,640sqft
    Single Family Residence
    Built in 1957
    0.3 Acres Lot
    $688,200 Zestimate®
    $420/sqft
    $3,575 Estimated rent

    Home value

    $688,200

    $626,000 - $764,000

    $3,575/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,575/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,575/mo

    Rent Zestimate®

    Refinance and save

    $4,498/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $4,498/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Heart of melbourne beachOld growth treesPublic school districtGolf cartOpen living spaces

    Spectacular 4/3 ranch style home nestled in the heart of Melbourne Beach. This desirable property features open living spaces, large 2 car garage, gigantic fenced in backyard with old growth trees, perfect to create your own tropical landscaped oasis. Within walking distance to the local beach access. Imagine hoping into your golf cart and being minutes away from local amenities. A+ public school district Two year old roof and A/C. Tiled and Terrazzo flooring throughout the home. Ready for your own personal touches to create your paradise lifestyle on this Barrier Island.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Victoria E. Cherry 321-750-5233,

    One Sotheby's International

    Bought with:

    Christopher Colagiacomo, 3237947

    Creegan Group

    Source: Space Coast AOR,MLS#: 940962

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Electric Range, Electric Water Heater, Refrigerator
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Washer Hookup
    Features
    • His and Hers Closets, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms
    • Flooring: Terrazzo, Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 2,476
    • Total interior livable area: 1,640 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Pool features: None
    • Fencing: Fenced,Wood
    • Waterfront features: Ocean Access
    Lot
    • Size: 0.3 Acres
    • Features: Other
    Details
    • Additional parcels included: 2847019
    • Parcel number: 2838067500003.00004.00
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Concrete, Stucco
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public, Well
    • Utilities for property: Cable Available, Electricity Connected, Water Available

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    • Amenities included: Park, Playground, Tennis Court(s)
    • HOA name: ISLAND SHORES OF MELBOURNE BEACH
    Location
    • Region: Melbourne Beach

    Financial & listing details

    • Price per square foot: $420/sqft
    • Tax assessed value: $501,480
    • Annual tax amount: $5,464
    • Date on market: 5/10/2023
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    7/12/2023Sold$565,000-5.8%$345/sqft
    Source: Space Coast AOR #940962 Report a problem
    6/23/2023Contingent$599,999$366/sqft
    Source: Space Coast AOR #940962 Report a problem
    5/10/2023Listed for sale$599,999$366/sqft
    Source: Space Coast AOR #940962 Report a problem
    4/28/2023Contingent$599,999$366/sqft
    Source: Space Coast AOR #940962 Report a problem
    4/17/2023Listed for sale$599,999-4%$366/sqft
    Source: Space Coast AOR #940962 Report a problem
    4/6/2023Contingent$625,000$381/sqft
    Source: Space Coast AOR #940962 Report a problem
    2/9/2023Price change$625,000-0.8%$381/sqft
    Source: Space Coast AOR #940962 Report a problem
    12/14/2022Price change$630,000-7.4%$384/sqft
    Source: Space Coast AOR #940962 Report a problem
    10/13/2022Price change$680,000-8%$415/sqft
    Source: Space Coast AOR #940962 Report a problem
    9/26/2022Price change$739,500-2.7%$451/sqft
    Source: Space Coast AOR #940962 Report a problem
    8/4/2022Listed for sale$760,000$463/sqft
    Source: Space Coast AOR #940962 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,660 +1.7%$501,480 +1.9%
    2024$7,529 +10.5%$492,040 -3.6%
    2023$6,814 +8.2%$510,220 +6.6%
    2022$6,296 +15.2%$478,420 +48.3%
    2021$5,464 +3.4%$322,580 +4.2%
    2020$5,285 +4.3%$309,710 +6.9%
    2019$5,066 $289,690 +3.9%
    2018$5,066 +4.1%$278,750 +0.6%
    2017$4,867 +5.1%$277,070 +17.6%
    2016$4,632 +7.4%$235,650 +15.5%
    2015$4,314 +16%$203,940 +10%
    2014$3,721 $185,400 +10%
    2013-- $168,550 +6.5%
    2012$3,249 +0.5%$158,260 -0.8%
    2011$3,232 -5.6%$159,570 -13.6%
    2010$3,423 -5.4%$184,610 -11.4%
    2009$3,617 -5.6%$208,450 -15.7%
    2008$3,831 -17.4%$247,300 -14.1%
    2007$4,639 -15.4%$287,900 +3.4%
    2005$5,484 +54.6%$278,490 +57.2%
    2004$3,547 +21.6%$177,180 +34.1%
    2003$2,916 +25.4%$132,160 +14%
    2002$2,326 +24.1%$115,890 +11.1%
    2001$1,874 +7.2%$104,320 +22.9%
    2000$1,748 $84,880
    Find assessor info on the county website

    Neighborhood: 32951

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gemini
    • Middle: Hoover
    • High: Melbourne

    Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $688,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $688,200

    Nearby cities

    Nearby zip codes

    Other Melbourne Beach Topics

      Search
      Updates
      Favorites
      Plan
      Inbox