502 Colony St Melbourne Beach, FL 32951
Melbourne Beach Neighborhood
4
Beds
2.5
Baths
2,297
Sq Ft
0.34
Acres
Highlights
- Private Pool
- Wood Flooring
- No HOA
- Gemini Elementary School Rated A-
- Corner Lot
- 2 Car Attached Garage
About This Home
As of August 2024HUGE PRICE REDUCTION!! Incredible opportunity to own a potential gem in the heart of Melbourne Beach. HUGE corner lot with boat / RV access from North side fence. One of Brevard's most desirable and sought after neighborhoods. A diamond in the rough with sprawling private inground pool. Natural landscaping includes Sea grape trees, rocks, and an endless variety of Palms. A stones throw from beach access, Ocean Ave shops, Melbourne Beach pier and everything else that one of Floridas most iconic towns offers
Last Agent to Sell the Property
Keller Williams Realty Brevard License #3096947 Listed on: 10/01/2023
Last Buyer's Agent
Keller Williams Realty Brevard License #3096947 Listed on: 10/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,335
Year Built
- Built in 1964
Lot Details
- 0.34 Acre Lot
- East Facing Home
- Corner Lot
Parking
- 2 Car Attached Garage
Home Design
- Brick Exterior Construction
- Frame Construction
- Concrete Roof
- Block Exterior
- Vinyl Siding
Interior Spaces
- 2,297 Sq Ft Home
- 2-Story Property
- Laundry in Garage
Flooring
- Wood
- Tile
- Terrazzo
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
Pool
- Private Pool
Utilities
- Cooling Available
- Heating Available
- Cable TV Available
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 6, 1993
Sold by
Adnrus William N and Andrus Idell R
Bought by
Clarke Eugene R and Clarke Kimberly E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.01%
Similar Homes in Melbourne Beach, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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®)
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Jim Taranto
Seller's Agent in 2025
Jim Taranto
Keller Williams Realty Brevard
(321) 960-0729
3 in this area
13 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 976545
APN: 28-38-06-77-0000H.0-0007.00
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