$550,000
SOLD OCT 15, 2024

505 Poinsettia Rd Melbourne Beach, FL 32951

3 Beds
2 Baths
1,380 Sq Ft
0.29 Acres

Recently Sold

$399 Per Sq Ft

13% Below List Price

33 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Eat-In Kitchen
  • Gemini Elementary School Rated A-
  • Screened Porch
  • Walk-In Closet

About This Home

As of October 2024

LOCATED IN THE MOST DESIRABLE SECTION OF MELBOURNE BEACH, right BETWEEN the quaint downtown areas of Indialantic and Melbourne Beach, this beautiful midcentury modern gem is in the highly esteemed Island Shores neighborhood of Melbourne Beach. This SOLID CONCRETE BLOCK home sits on an OVERSIZED 0.29-ACRE LOT and features REPLACED PLUMBING THROUGHOUT (2020), mature landscaping, an open floor plan, granite countertops, NEWER HVAC, and luxury vinyl plank flooring throughout. Meticulously maintained, this home is ready for you to move in.
Step outside to find a MASSIVE SCREENED-IN LANAI with a stunning tongue-and-groove ceiling, offering PLENTY OF SPACE TO ADD A POOL. The expansive backyard, adorned with mature oak trees, provides a private oasis for relaxation and entertainment. Melbourne Beach is known for its exclusivity and charm, making this location a rare find. With no HOA and no rental restrictions, the possibilities are endless. Don't miss your chance to own a piece of paradise!

Last Agent to Sell the Property

Sarah Rekab

Blue Marlin Real Estate License #3476696 Listed on: 07/30/2024

Blue Marlin Real Estate

Last Buyer's Agent

Alexander Manns

BHHS Florida Realty License #3195842

BHHS Florida Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,398

Year Built

  • Built in 1957

Lot Details

  • 0.29 Acre Lot
  • East Facing Home

Parking

  • 1 Car Garage
  • Additional Parking

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt

Interior Spaces

  • 1,380 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furniture Can Be Negotiated
  • Ceiling Fan
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Courtyard

Schools

  • Gemini Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Island Shores Of Melbourne Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-38-06-75-00005.0-0003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,398

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Other
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Island Shores of Melbourne Beach
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-38-06-75-00005.0-0003.00
  • Location Tax and Legal Elementary School: Gemini
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 6398.32
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 1380.0
  • General Property Information Lot Size Acres: 0.29
  • General Property Information Lot Size Square Feet2: 12632.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Cats OK: Yes
  • Flooring Vinyl: Yes
  • Pets Allowed Dogs OK: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information Land Lease YN2: No
  • General Property Information CDD Fee YN: No
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • General Property Information Stories2: 1
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Tile, Vinyl
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Exterior Features: Courtyard
  • Pool Features: None
  • Roof: Metal
  • Acres: 0.29
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Patio And Porch Features: Covered, Rear Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Patio And Porch Features:Screened: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Other21: Yes
  • Exterior Features:Courtyard: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Rear Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Additional Parking, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Additional Parking: Yes
  • Parking Features:Garage: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 12632.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2847051
  • Parcel #: 28-38-06-75-00005.0-0003.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6398.32

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Oct 15, 2024
Sold by
Wagner Cheryl L
Bought by
Vannostrand Alexander and Whelan Meagan
Seller's Agent
Sarah Rekab
Blue Marlin Real Estate
Buyer's Agent
Alexander Manns
BHHS Florida Realty
List Price
$630,000
Sold Price
$550,000
Premium/Discount to List
-$80,000
-12.7%
Views
30
Current Estimated Value
$529,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,382
Avg. Annual Appreciation
-2.50%
Original Mortgage
$450,000
Outstanding Balance
$447,615
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$89,588

Purchase Details

Closed on
Oct 26, 2016
Sold by
Haugh Debra J
Bought by
Wagner Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
3.5%

Purchase Details

Closed on
Oct 20, 2000
Sold by
Diesu Patrick
Bought by
Haugh Debra J

Purchase Details

Closed on
Apr 21, 2000
Sold by
Barnett Eloyce E
Bought by
Diesu Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.24%

Purchase Details

Closed on
Dec 31, 1996
Sold by
Holliday Katherine P
Bought by
Barnett Eloyce E

Purchase Details

Closed on
Dec 30, 1996
Sold by
Williams Valerie K and Grover Valerie K
Bought by
Barnett Eloyce E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $550,000 Dockside Title
Warranty Deed $320,000 None Available
Warranty Deed $153,000 --
Warranty Deed $130,000 --
Warranty Deed $114,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Previous Owner $151,000 No Value Available
Previous Owner $90,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $550,000 0.0% $399 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/31/2024 08/31/24 Off Market $550,000 -- --
08/12/2024 08/12/24 Price Changed $599,000 -4.9% $434 / Sq Ft
07/30/2024 07/30/24 For Sale $630,000 0.0% $457 / Sq Ft
01/04/2017 01/04/17 Rented $2,500 0.0% --
12/22/2016 12/22/16 Under Contract -- -- --
12/17/2016 12/17/16 Price Changed $2,500 -16.7% $2 / Sq Ft
12/06/2016 12/06/16 For Rent $3,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $6,398 $474,460 -- --
2023 $6,398 $494,890 $0 $0
2022 $5,773 $442,910 $0 $0
2021 $4,970 $292,910 $240,000 $52,910
2020 $5,068 $296,770 $240,000 $56,770
2019 $4,901 $280,090 $200,000 $80,090
2018 $4,680 $263,340 $200,000 $63,340
2017 $4,779 $266,460 $200,000 $66,460
2016 $2,108 $150,260 $150,000 $260
2015 $2,140 $149,220 $135,000 $14,220
2014 $2,144 $148,040 $125,000 $23,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1020870

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-75-00005.0-0003.00