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For sale
    • Price cut: $9.9K (7/21)
    $615,000

    506 Magnolia Ave, Melbourne Beach, FL 32951

    3beds
    1,452sqft
    : 
    $3,957/mo
    Get pre-qualified
    Single Family Residence
    Built in 1957
    0.3 Acres Lot
    $582,800 Zestimate®
    $424/sqft
    $-- HOA

    What's special

    Large lotLuscious tropical landscapeSplit floor planSerene sanctuaryGreat house for entertainingCharming pool home
    Enjoy the Beach lifestyle in this Charming Pool Home in the highly desirable SOFA district (South of Fifth Ave). A short walk to the beach and river, with no HOA and short term rental friendly. A solid home with concrete block construction with some costly updates already addressed: Re-plumbed in 2022, new pavers installed in 2021, Pool resurfaced in 2018, Flat Roof (2015), AC (2020), water heater (2022), newly painted interior and exterior painting is in progress. New stove, refrigerator and microwave. Large lot with luscious tropical landscape and a sparkling pool with in-ground spa with plenty of space to create your very own dream backyard oasis. What a great house for entertaining or your own serene sanctuary. Imagine morning coffee by the pool or hosting pool parties, cook out and yard games. Bright and airy with lots of natural light, split floor plan, great neighborhood for walks or run, and friendly neighbors. Find out what small town living by the sea is all about
    30 days
    |
    1,966
    |
    112
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Grimes 321-750-5238,

    One Sotheby's International

    Source: Space Coast AOR,MLS#: 1080949

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
      • Laundry: In Garage
      Features
      • Ceiling Fan(s), Primary Bathroom - Shower No Tub, Primary Downstairs, Split Bedrooms
      • Flooring: Carpet, Other
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,452 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Additional Parking, Attached, Carport, Garage, Garage Door Opener, Off Street, Unassigned
      • Attached garage spaces: 1
      • Carport spaces: 1
      • Covered spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Has private pool: Yes
      • Pool features: Fenced, In Ground
      • Has spa: Yes
      • Spa features: In Ground
      • Fencing: Back Yard,Fenced,Wood
      • Has view: Yes
      • View description: Pool, Trees/Woods
      Lot
      • Size: 0.3 Acres
      • Features: Cleared
      Details
      • Additional structures: Shed(s)
      • Additional parcels included: 2847028
      • Parcel number: 2838067500003.00013.00
      • Zoning description: Residential
      • Special conditions: Standard

      Construction

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

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Island Shores of Melbourne Beach
      HOA
      • Has HOA: No
      Location
      • Region: Melbourne Beach

      Financial & listing details

      • Price per square foot: $424/sqft
      • Tax assessed value: $547,120
      • Annual tax amount: $2,438
      • Date on market: 6/25/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Paved

        Estimated market value

        $582,800

        $554,000 - $612,000

        $3,271/mo

        Price history

        DateEventPrice
        7/21/2026Price change$615,000-1.6%$424/sqft
        Source: Space Coast AOR #1080949 Report a problem
        6/25/2026Listed for sale$624,900-3.7%$430/sqft
        Source: Space Coast AOR #1080949 Report a problem
        6/30/2024Listing removed--
        Source: Space Coast AOR #1012061 Report a problem
        5/11/2024Price change$649,000-3.8%$447/sqft
        Source: Space Coast AOR #1012061 Report a problem
        4/27/2024Listed for sale$674,900+713.1%$465/sqft
        Source: Space Coast AOR #1012061 Report a problem
        5/1/1990Sold$83,000$57/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,439 +3.2%$194,690 +2.9%
        2024$2,364 +2.8%$189,210 +3%
        2023$2,299 +16.2%$183,700 +13.3%
        2022$1,979 -2.4%$162,080 +3%
        2021$2,027 +8.8%$157,360 +7.2%
        2020$1,863 +0.8%$146,740 +2.3%
        2019$1,849 $143,450 +1.9%
        2018$1,849 +1%$140,780 +2.1%
        2017$1,832 +1.6%$137,890 -8.1%
        2016$1,803 -1.8%$150,000 +11.1%
        2015$1,837 -1.6%$135,000 +1.5%
        2014$1,867 $133,070 -28.7%
        2013-- $186,510 +5.8%
        2012$1,823 +5.7%$176,220 -2%
        2011$1,725 +11.2%$179,730 -11.9%
        2010$1,551 +49.7%$204,010 -2%
        2009$1,036 +4.7%$208,240 -15.7%
        2008$989 -13.1%$247,100 -15.6%
        2007$1,138 +1.4%$292,700 +2.2%
        2005$1,122 -2.6%$286,440 +57.3%
        2004$1,152 -3.5%$182,110 +38.4%
        2003$1,194 +3.3%$131,550 +12.1%
        2002$1,156 +2.3%$117,390 +8.2%
        2001$1,129 +4.9%$108,520 +27.6%
        2000$1,077 $85,030
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32951

        Getting around

        12 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        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.

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