702 Oak St Melbourne Beach, FL 32951
Melbourne Beach AreaEstimated payment $6,014/month
Highlights
- 0.59 Acre Lot
- Corner Lot
- Tile Flooring
- 1 Fireplace
- No HOA
- Central Air
About This Home
Located just 1.5 blocks from the ocean and only 3 blocks from Ocean Avenue, this rare .59-acre property offers exceptional flexibility and investment potential. Keep it as a proven income-producing property, live in the main home while renting the cottage, or build your dream custom estate on one of the area's hard-to-find oversized lots. The property features a 3-bedroom, 2-bath main home (approx. 1,552 SF) plus a separate 1-bedroom cottage. Major updates to the Main Home include a 2019 roof with peel-and-stick underlayment and Owens Corning Duration shingles, 2024 A/C and ductwork, partial impact windows, 2022 exterior sewer line replacement, remodeled guest bath (2021), and primary bath (2008). The Cottage features updated sewer and water lines (2023), 2008 cabinets, appliances, and ceramic flooring, making this an outstanding opportunity for homeowners and investors alike.
This home is Being sold as-is. Vacant and easy to show.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,256
Year Built
- Built in 1950
Lot Details
- 25,700 Sq Ft Lot
- North Facing Home
- Corner Lot
Parking
- 2 Car Garage
Home Design
- Shingle Roof
- Concrete Siding
- Stucco
Interior Spaces
- 2,212 Sq Ft Home
- 1-Story Property
- 1 Fireplace
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Gemini Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Air
- Heating Available
Community Details
- No Home Owners Association
- Sunset Bay Subd Subdivision
Listing and Financial Details
- Assessor Parcel Number 28-38-06-78-00000.0-0048.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $13,256 | $808,550 | ||
| 2025 | $13,256 | $922,390 | ||
| 2024 | $10,891 | $750,110 | ||
| 2023 | $10,891 | $701,450 | $401,800 | $299,650 |
| 2022 | $10,650 | $716,600 | $0 | $0 |
| 2021 | $10,045 | $597,990 | $393,600 | $204,390 |
| 2020 | $9,522 | $595,970 | $393,600 | $202,370 |
| 2019 | $8,878 | $542,020 | $338,090 | $203,930 |
| 2018 | $8,497 | $538,410 | $338,090 | $200,320 |
| 2017 | $7,981 | $511,900 | $338,090 | $173,810 |
| 2016 | $7,342 | $423,960 | $263,000 | $160,960 |
| 2015 | $6,902 | $332,480 | $246,580 | $85,900 |
| 2014 | $6,184 | $302,260 | $197,260 | $105,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2026 07/08/26 | Price Changed | $895,000 | -2.7% | $405 / Sq Ft |
| 04/24/2026 04/24/26 | For Sale | $920,000 | 0.0% | $416 / Sq Ft |
| 09/30/2024 09/30/24 | Rented | $3,400 | -10.5% | -- |
| 09/24/2024 09/24/24 | Under Contract | -- | -- | -- |
| 09/05/2024 09/05/24 | Price Changed | $3,800 | -2.6% | $2 / Sq Ft |
| 07/29/2024 07/29/24 | For Rent | $3,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | Attorney | |
| Warranty Deed | $665,000 | Alliance Title Brevard Llc | |
| Warranty Deed | $430,000 | State Title Partners Llp | |
| Warranty Deed | $160,000 | -- | |
| Warranty Deed | $28,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $66,500 | No Value Available | |
| Previous Owner | $532,000 | No Value Available | |
| Previous Owner | $322,500 | No Value Available | |
| Previous Owner | $213,700 | No Value Available | |
| Previous Owner | $29,300 | No Value Available | |
| Previous Owner | $22,075 | No Value Available | |
| Previous Owner | $190,725 | No Value Available | |
| Previous Owner | $45,000 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1075621
APN: 28-38-06-78-00000.0-0048.00
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.