5255 S Highway A1a Melbourne Beach, FL 32951
Floridana Beach Neighborhood
6
Beds
--
Bath
3,416
Sq Ft
0.29
Acres
Highlights
- Ocean Front
- No HOA
- Central Heating and Cooling System
- Gemini Elementary School Rated A-
- Tile Flooring
About This Home
As of September 2024Discover the ultimate oceanfront investment in the coveted Melbourne Beach community. This 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
One Sotheby's International License #3247254 Listed on: 09/26/2023
Last Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area License #nonmls
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,947
Year Built
- Built in 1974
Lot Details
- 0.29 Acre Lot
- Ocean Front
Home Design
- Triplex
- Shingle Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 6 Bedrooms
- 3,416 Sq Ft Home
- 2-Story Property
Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
- Vinyl
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Schools
- Gemini Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Well
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
- 3 Units
- New Melbourne Beach Subdivision
Listing and Financial Details
- The owner pays for cable TV, electricity, exterior maintenance, grounds care, insurance, management, repairs, taxes, trash collection, water
- 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
316
Current Estimated Value
Purchase Details
Listed on
Sep 26, 2023
Closed on
Sep 3, 2024
Sold by
Vicker Del E and Vicker Shanna
Bought by
Casal Alexander Otaola
Seller's Agent
Gibbs Baum
One Sotheby's International
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$2,950,000
Sold Price
$2,330,000
Premium/Discount to List
-$620,000
-21.02%
Views
133
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.80%
Original Mortgage
$1,747,500
Interest Rate
6.78%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 20, 2018
Sold by
William H Stolberg Llc
Bought by
Vicker Del E and Vicker Shanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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 Melbourne Beach, FL
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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 | 0.0% | $682 / Sq Ft |
| 09/03/2024 09/03/24 | Off Market | $2,330,000 | -- | -- |
| 08/08/2024 08/08/24 | Pending | -- | -- | -- |
| 07/01/2024 07/01/24 | Price Changed | $2,640,000 | -1.9% | $773 / Sq Ft |
| 05/17/2024 05/17/24 | Price Changed | $2,690,000 | -3.6% | $787 / Sq Ft |
| 10/26/2023 10/26/23 | Price Changed | $2,790,000 | -5.4% | $817 / Sq Ft |
| 09/26/2023 09/26/23 | For Sale | $2,950,000 | -- | $864 / 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 | $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
-
Gibbs Baum
Seller's Agent in 2024
Gibbs Baum
One Sotheby's International
(321) 432-2009
77 in this area
285 Total Sales
-
Gregory Zimmerman
Seller Co-Listing Agent in 2024
Gregory Zimmerman
One Sotheby's International
(321) 704-3025
71 in this area
260 Total Sales
-
N
Buyer's Agent in 2024
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 976104
APN: 29-38-10-GX-00009.0-0004.00
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