5255 S Highway A1a Melbourne Beach, FL 32951
Floridana Beach Neighborhood
6
Beds
5
Baths
3,416
Sq Ft
0.29
Acres
Highlights
- Ocean Front
- No HOA
- Concrete Block With Brick
- Gemini Elementary School Rated A-
- Circular Driveway
- Wet Bar
About This Home
As of September 2024This exceptional property offers the perfect blend of coastal living and lucrative rental income potential. Wake up to the soothing sounds of the waves and breathe in the salty sea breeze right from your doorstep. Located just a short drive from shopping, dining, fishing, and surfing, this prime location ensures you have easy access to all the amenities you desire. Currently operating as short-term rentals, these units present significant income-generating opportunities. This is your chance to own a slice of paradise, indulge in beachfront living, and secure a promising investment all in one. Opportunities like this are rare, so don't miss out. Act now and make oceanfront dreams a reality!
Last Agent to Sell the Property
Dale Sorensen Real Estate Inc. License #0682700 Listed on: 07/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,861
Year Built
- Built in 1974
Lot Details
- 60 Ft Wide Lot
- Ocean Front
- North Facing Home
Home Design
- Concrete Block With Brick
- Frame With Stucco
- Shingle Roof
Interior Spaces
- Wet Bar
- Tile Flooring
- Direct Ocean Views
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- Split Bedroom Floorplan
- 5 Full Bathrooms
Parking
- Circular Driveway
- Open Parking
Outdoor Features
- Outdoor Shower
- Property has ocean access
Utilities
- Central Air
- Heating Available
- Well
- Septic Tank
Community Details
- No Home Owners Association
- New Melbourne Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number 29-38-10-Gx-00009.0-0004.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 4, 2024
Sold by
Casal Alexander Otaola
Bought by
Otaca Properties Llc
Total Days on Market
9
Current Estimated Value
Purchase Details
Listed on
Jul 1, 2024
Closed on
Sep 3, 2024
Sold by
Vicker Del E and Vicker Shanna
Bought by
Casal Alexander Otaola
Seller's Agent
Donna Browning
Dale Sorensen Real Estate Inc.
Buyer's Agent
Dania Perez
Sovereign Real Estate Group
List Price
$2,640,000
Sold Price
$2,330,000
Premium/Discount to List
-$310,000
-11.74%
Views
51
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.07%
Original Mortgage
$1,747,500
Interest Rate
6.78%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 6, 2018
Closed on
Jun 20, 2018
Sold by
William H Stolberg Llc
Bought by
Vicker Del E and Vicker Shanna
Seller's Agent
Gibbs Baum
One Sotheby's International
Buyer's Agent
Gibbs Baum
Treasure Coast Sotheby's Intl
List Price
$849,000
Sold Price
$817,000
Premium/Discount to List
-$32,000
-3.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.38%
Original Mortgage
$653,600
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2010
Sold by
Vo Dan and Nguyen Ai
Bought by
William H Stolberg Llc
Purchase Details
Closed on
May 25, 2005
Sold by
Brown Martin R and Brown Sharon L
Bought by
Vo Dan and Nguyen Al
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.27%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Aug 11, 2003
Sold by
Brown Martin R and Brown Sharon L
Bought by
Brown Martin R and Brown Sharon L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 17, 2001
Sold by
Brown Martin R and Brown Sharon L
Bought by
Brown Martin R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 30, 2000
Sold by
Brown Martin R and Brown Sharon L
Bought by
Brown Martin R
Purchase Details
Closed on
Jan 31, 2000
Sold by
Whitehead Allan P and Whitehead Maria G
Bought by
Brown Martin R and Brown Sharon L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 6, 1995
Sold by
Franklin Philip J and Franklin Susan A
Bought by
Whitehead Allan P
Similar Homes in the area
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $2,330,000 | None Listed On Document | |
| Warranty Deed | $817,000 | State Title Partners Llp | |
| Warranty Deed | $550,000 | Alliance Title Insurance Age | |
| Deed | $1,050,000 | Alliance Title Brevard Llc | |
| Interfamily Deed Transfer | -- | Alliance Title Of Brevard | |
| Interfamily Deed Transfer | -- | Alliance Title Of Brevard | |
| Warranty Deed | -- | -- | |
| Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $308,000 | -- | |
| Warranty Deed | $213,300 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,747,500 | New Conventional | |
| Previous Owner | $350,000 | Credit Line Revolving | |
| Previous Owner | $653,000 | New Conventional | |
| Previous Owner | $653,000 | New Conventional | |
| Previous Owner | $653,600 | New Conventional | |
| Previous Owner | $650,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $275,000 | Purchase Money Mortgage | |
| Previous Owner | $246,400 | Purchase Money Mortgage | |
| Previous Owner | $246,400 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $2,330,000 | -11.7% | $682 / Sq Ft |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 07/01/2024 07/01/24 | For Sale | $2,640,000 | +3472.4% | $773 / Sq Ft |
| 03/15/2019 03/15/19 | Sold | $73,900 | -14.0% | $22 / Sq Ft |
| 11/27/2018 11/27/18 | Pending | -- | -- | -- |
| 11/14/2018 11/14/18 | Price Changed | $85,900 | 0.0% | $25 / Sq Ft |
| 11/14/2018 11/14/18 | For Sale | $85,900 | +16.2% | $25 / Sq Ft |
| 10/13/2018 10/13/18 | Off Market | $73,900 | -- | -- |
| 07/28/2018 07/28/18 | Price Changed | $89,900 | -89.0% | $26 / Sq Ft |
| 06/22/2018 06/22/18 | Sold | $817,000 | -3.8% | $239 / Sq Ft |
| 05/10/2018 05/10/18 | Pending | -- | -- | -- |
| 04/06/2018 04/06/18 | For Sale | $849,000 | +431.0% | $249 / Sq Ft |
| 04/28/2017 04/28/17 | For Sale | $159,900 | -- | $47 / Sq Ft |
Source: MIAMI REALTORS® MLS
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 | $9,862 | $810,110 | $0 | $0 |
| 2022 | $8,278 | $656,150 | $0 | $0 |
| 2021 | $8,156 | $572,780 | $0 | $0 |
| 2020 | $7,777 | $539,500 | $0 | $0 |
| 2019 | $7,675 | $525,770 | $0 | $0 |
| 2018 | $9,009 | $605,000 | $0 | $605,000 |
| 2017 | $8,081 | $474,000 | $0 | $474,000 |
| 2016 | $8,190 | $460,000 | $0 | $0 |
| 2015 | $8,258 | $440,000 | $300,000 | $140,000 |
| 2014 | $7,663 | $400,000 | $300,000 | $100,000 |
Source: Public Records
Agents Affiliated with this Home
-
Donna Browning
Seller's Agent in 2024
Donna Browning
Dale Sorensen Real Estate Inc.
(321) 574-0378
23 in this area
86 Total Sales
-
Dania Perez
Buyer's Agent in 2024
Dania Perez
Sovereign Real Estate Group
(786) 444-8595
1 in this area
152 Total Sales
-
Adam Warner
Seller's Agent in 2019
Adam Warner
Pineapple Farms LLC
(321) 890-5314
2 in this area
61 Total Sales
-
N
Buyer's Agent in 2019
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
-
Gibbs Baum
Seller's Agent in 2018
Gibbs Baum
One Sotheby's International
(321) 432-2009
77 in this area
285 Total Sales
-
Gregory Zimmerman
Seller Co-Listing Agent in 2018
Gregory Zimmerman
One Sotheby's International
(321) 704-3025
71 in this area
260 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11616118
APN: 29-38-10-GX-00009.0-0004.00
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