UNDER CONTRACT
$61K PRICE DROP
502 Colony St Melbourne Beach, FL 32951
Melbourne Beach NeighborhoodEstimated payment $6,162/month
Total Views
9,486
4
Beds
3
Baths
2,297
Sq Ft
$474
Price per Sq Ft
Highlights
- In Ground Pool
- RV Access or Parking
- Corner Lot
- Gemini Elementary School Rated A-
- View of Trees or Woods
- No HOA
About This Home
Stunning beachside pool home that has been fully renovated with every detail beautifully planned and executed. Mechanicals and infrastructures are fully updated. New metal roof and Simonton impact windows and doors offer peace of mind and reduced insurance premiums.
New electrical, HVAC and ductwork. LVP flooring, quartz countertops and stainless appliances offer durability and convenience. Plumbing and sewer lines are all replaced with PEX and PVC and a 25 year guarantee. NO CAST IRON OR OLD COPPER. Everything has been updated to 2025 building standards and codes, permitted, and approved. First level Florida room gives pool access with large sliding doors and pool bath. The living, dining and kitchen are on the main floor with beautiful views of the oversized landscaped lot. Bedroom level offers a large master suite with a step-in rain shower, dual vanity and large walk-in closet.
Walk to the beach or bike ride to the river Corner lot allows access for your boat or RV. Your new backyard paradise is a tropical oasis. Young ones? Enjoy A rated schools and more than 11 parks nearby.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,401
Year Built
- Built in 1964 | Remodeled
Lot Details
- 0.34 Acre Lot
- East Facing Home
- Privacy Fence
- Back Yard Fenced
- Corner Lot
- Few Trees
Parking
- 2 Car Garage
- Additional Parking
- RV Access or Parking
Property Views
- Woods
- Pool
Home Design
- Metal Roof
- Block Exterior
- Asphalt
Interior Spaces
- 2,297 Sq Ft Home
- 3-Story Property
- Wood Burning Fireplace
- High Impact Windows
Kitchen
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- In Ground Pool
- Porch
Schools
- Gemini Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Private Water Source
- Private Sewer
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 28-38-06-77-0000h.0-0007.00
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $2,335 | $186,060 | $0 | $0 |
| 2022 | $2,268 | $180,650 | $0 | $0 |
| 2021 | $2,327 | $175,390 | $0 | $0 |
| 2020 | $2,303 | $172,970 | $0 | $0 |
| 2019 | $2,289 | $169,090 | $0 | $0 |
| 2018 | $2,270 | $165,940 | $0 | $0 |
| 2017 | $2,236 | $162,530 | $0 | $0 |
| 2016 | $2,282 | $159,190 | $150,000 | $9,190 |
| 2015 | $2,317 | $158,090 | $135,000 | $23,090 |
| 2014 | $2,443 | $163,160 | $125,000 | $38,160 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Price Changed | $1,089,000 | -5.3% | $474 / Sq Ft |
| 05/10/2025 05/10/25 | For Sale | $1,150,000 | +111.0% | $501 / Sq Ft |
| 08/16/2024 08/16/24 | Sold | $545,000 | -9.2% | $237 / Sq Ft |
| 05/22/2024 05/22/24 | Pending | -- | -- | -- |
| 05/04/2024 05/04/24 | Price Changed | $599,999 | -3.2% | $261 / Sq Ft |
| 05/01/2024 05/01/24 | Price Changed | $620,000 | -4.6% | $270 / Sq Ft |
| 04/08/2024 04/08/24 | Price Changed | $649,999 | -3.7% | $283 / Sq Ft |
| 04/01/2024 04/01/24 | Price Changed | $675,000 | -3.4% | $294 / Sq Ft |
| 03/18/2024 03/18/24 | Price Changed | $699,000 | -12.5% | $304 / Sq Ft |
| 10/01/2023 10/01/23 | For Sale | $799,000 | -- | $348 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $136,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $42,000 | Stand Alone Second | |
| Open | $180,000 | New Conventional | |
| Closed | $116,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1045848
APN: 28-38-06-77-0000H.0-0007.00
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