For sale

Price cut: $25K (7/8)

$895,000

702 Oak St, Melbourne Beach, FL 32951

4beds

2,212sqft

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Single Family Residence

Built in 1950

0.59 Acres Lot

$836,700 Zestimate^®

$405/sqft

$-- HOA

What's special

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.

84 days

1,011

46

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First

Kitchen

Level: First

Living room

Level: First

Heating

Electric

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator

Features

Flooring: Tile, Vinyl
Number of fireplaces: 1

Interior area

Total interior livable area: 2,212 sqft

Video & virtual tour

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Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1

Lot

Size: 0.59 Acres
Features: Corner Lot

Details

Additional parcels included: 2847250
Parcel number: 2838067800000.00048.00
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: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Subdivision: Sunset Bay Subd

HOA

Has HOA: No

Location

Region: Melbourne Beach

Financial & listing details

Price per square foot: $405/sqft
Tax assessed value: $922,390
Annual tax amount: $13,256
Date on market: 4/24/2026
Listing terms: Cash,Conventional

Estimated market value

$836,700

$795,000 - $879,000

$3,965/mo

Price history

Date	Event	Price
7/8/2026	Price change	$895,000-2.7%$405/sqft
Source: Space Coast AOR #1075621 Report a problem
4/23/2026	Listed for sale	$920,000+38.3%$416/sqft
Source: Space Coast AOR #1075526 Report a problem
10/1/2024	Listing removed	$3,800$2/sqft
Source: Zillow Rentals Report a problem
9/5/2024	Price change	$3,800-2.6%$2/sqft
Source: Zillow Rentals Report a problem
7/29/2024	Listed for rent	$3,900$2/sqft
Source: Zillow Rentals Report a problem
2/6/2006	Sold	$665,000+54.7%$301/sqft
Source: Public Record Report a problem
12/22/2004	Sold	$430,000+168.8%$194/sqft
Source: Public Record Report a problem
7/16/1996	Sold	$160,000+471.4%$72/sqft
Source: Public Record Report a problem
9/1/1995	Sold	$28,000$13/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$13,256 +15%	$922,390 +23%
2024	$11,529 +5.9%	$750,110 +6.9%
2023	$10,891 +2.3%	$701,450 -2.1%
2022	$10,650 +6%	$716,600 +19.8%
2021	$10,045 +5.5%	$597,990 +0.3%
2020	$9,522 +7.3%	$595,970 +10%
2019	$8,878	$542,020 +0.7%
2018	$8,878 +4.5%	$538,410 +5.2%
2017	$8,497 +6.5%	$511,900 +20.7%
2016	$7,981 +8.7%	$423,960 +27.5%
2015	$7,342 +18.7%	$332,480 +10%
2014	$6,184	$302,260 +10%
2013	--	$274,790 +9.8%
2012	$5,136 +0.2%	$250,170 -1.1%
2011	$5,125 -8.9%	$253,080 -16.6%
2010	$5,624 -4.1%	$303,330 -10.3%
2009	$5,866 -13.8%	$338,050 -18.3%
2008	$6,806 -13.4%	$414,000 -15.2%
2007	$7,860 +19%	$488,000 +26.3%
2005	$6,608 +181.1%	$386,300 +32.7%
2004	$2,351 -3.8%	$291,080 +32.1%
2003	$2,445 +2.8%	$220,360 +11.3%
2002	$2,379 +2%	$197,920 +7.6%
2001	$2,332 +4.2%	$183,980 +22.7%
2000	$2,238	$149,930

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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

44 / 100

Car-Dependent

50 / 100

Bikeable

Nearby schools

GreatSchools rating

10/10
Gemini Elementary School
Grades: PK-6Distance: 1.2 mi
7/10
Herbert C. Hoover Middle School
Grades: 7-8Distance: 2.3 mi
6/10
Melbourne Senior High School
Grades: 9-12Distance: 3.9 mi

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.