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New construction
    • Price cut: $50K (7/15)
    $1,650,000

    508 Magnolia Ave, Melbourne Beach, FL 32951

    5beds
    3,450sqft
    : 
    $10,286/mo
    Get pre-qualified
    Single Family Residence
    Built in 2025
    0.3 Acres Lot
    $1,610,100 Zestimate®
    $478/sqft
    $-- HOA

    What's special

    This stunning, custom home is currently nearly completion. Built to exceed Miami-Dade standards, with poured concrete walls this home offers better insurance rates than typical homes in the area. At 3,450 square feet, this 5 bedroom, 4 bath, 3 car garage home is a two-story masterpiece. The home offers unparalleled finishes . The interior has 20-foot ceilings in the main living area and 10-foot ceilings throughout the rest of the home. The gourmet kitchen is a chef's dream, with a massive walk-in pantry and a 4x8-foot center island with prep sink. The main level features a private retreat in the sumptuous master suite, offering a 5 piece en suite bath and two large walk-in closets. 2 additional bedrooms are on the main level along with a to die for bathroom that must be seen to be believed. Upstairs, are the 2 remaining bedrooms, a bath, a bonus game/TV room and 2 decks one is a 550 sq/ft covered deck, the other is a 600sq/ft open deck. Agent must accompany.
    253 days
    |
    1,042
    |
    35
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kerry L Klun 321-626-5868,

    Palm Realty Properties, LLC

    Source: Space Coast AOR,MLS#: 1061943

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Electric Range, Refrigerator
      • Laundry: In Unit
      Features
      • Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Kitchen Island, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
      • Flooring: Other
      • Has fireplace: Yes
      • Fireplace features: Electric
      Interior area
      • Total structure area: 5,384
      • Total interior livable area: 3,450 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Garage, Garage Door Opener
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Patio, Porch
      • Exterior features: Balcony, Outdoor Kitchen, Other, Impact Windows
      • Has private pool: Yes
      • Pool features: In Ground
      • Fencing: Privacy
      • Has view: Yes
      • View description: Other
      Lot
      • Size: 0.3 Acres
      • Features: Other
      Details
      • Additional parcels included: 2847027
      • Parcel number: 2838067500003.00012.00
      • Zoning description: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Concrete
      • Roof: Metal
      Condition
      • Under Construction
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, 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: $478/sqft
      • Tax assessed value: $342,620
      • Annual tax amount: $2,340
      • Date on market: 7/1/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Asphalt

        Estimated market value

        $1,610,100

        $1.53M - $1.69M

        $6,679/mo

        Price history

        DateEventPrice
        7/15/2026Price change$1,650,000-2.9%$478/sqft
        Source: Space Coast AOR #1061943 Report a problem
        6/20/2026Price change$1,700,000-5.6%$493/sqft
        Source: Space Coast AOR #1061943 Report a problem
        11/12/2025Listed for sale$1,800,000+20%$522/sqft
        Source: Space Coast AOR #1061943 Report a problem
        10/26/2025Listing removed$1,500,000$435/sqft
        Source: Space Coast AOR #1056685 Report a problem
        10/22/2025Contingent$1,500,000$435/sqft
        Source: Space Coast AOR #1056685 Report a problem
        9/9/2025Listed for sale$1,500,000+439.6%$435/sqft
        Source: Space Coast AOR #1056685 Report a problem
        9/12/2014Sold$278,000-7%$81/sqft
        Source: Space Coast AOR #665474 Report a problem
        12/19/2013Listed for sale$299,000$87/sqft
        Source: Harbor City Business Brokers #665474 Report a problem
        8/3/2013Listing removed$299,000$87/sqft
        Source: Harbor City Business Brokers #665474 Report a problem
        7/4/2013Pending sale$299,000$87/sqft
        Source: Harbor City Business Brokers #665474 Report a problem
        6/5/2013Price change$299,000-2%$87/sqft
        Source: Harbor City Business Brokers #665474 Report a problem
        4/16/2013Listed for sale$305,000+2%$88/sqft
        Source: Harbor City Business Brokers #665474 Report a problem
        10/6/2012Listing removed$299,000$87/sqft
        Source: Harbor City Business Brokers #648260 Report a problem
        8/28/2012Price change$299,000-5%$87/sqft
        Source: Harbor City Business Brokers #648260 Report a problem
        8/24/2012Listed for sale$314,900+570%$91/sqft
        Source: Harbor City Business Brokers #648260 Report a problem
        6/10/2010Sold$47,000-65.8%$14/sqft
        Source: Agent Provided Report a problem
        7/24/1998Sold$137,500$40/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,340 -55.8%$194,280 -43.6%
        2024$5,287 +133.9%$344,620 +21%
        2023$2,261 -39.7%$284,760 +3%
        2022$3,750 -3%$276,470 +3%
        2021$3,868 +0.9%$268,420 +1.4%
        2020$3,833 +0.3%$264,720 +2.3%
        2019$3,820 $258,770 +1.9%
        2018$3,820 +0.7%$253,950 +2.1%
        2017$3,794 +1.3%$248,730 +2.1%
        2016$3,744 -2.3%$243,620 +0.7%
        2015$3,832 -3.6%$241,930 +19.4%
        2014$3,973 $202,700 +15.5%
        2013-- $175,430 +5.4%
        2012$2,004 +5.5%$166,480 -1.5%
        2011$1,899 +11.2%$168,940 -13.2%
        2010$1,708 +10.1%$194,730 -12.8%
        2009$1,551 +5%$223,410 -14.8%
        2008$1,477 -7.8%$262,300 -13.4%
        2007$1,602 +0.8%$303,000 +4.3%
        2005$1,589 -2.9%$290,590 +54.7%
        2004$1,637 -3.7%$187,830 +31.7%
        2003$1,700 +3%$142,640 +10.7%
        2002$1,650 +2.1%$128,810 +11.9%
        2001$1,616 +2.5%$115,080 +12.3%
        2000$1,577 $102,470
        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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