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$649,000   Price Analysis
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506 Magnolia Ave
Melbourne Beach, FL 32951
3 bed 2 bath 1,452 SqFt ($446/SqFt)
0.3 acre lot. Built 1957
Listed 2024-04-27, Taxes $1,978
Ⓧ USDA Ineligible
due to location

near Melbourne Beach

Melbourne Bch concrete block pool home with limitless possibilities!

Situated on a quiet street of million-dollar residences, home features a backyard oasis showcasing a large private pool/spa and separate fenced area, perfect for the kids to play, pets to roam or parking for your boat or jetski. Your home is protected with a newer metal roof and new plumbing and sewer lines in 2022. Sought-after location, no HOA, 1/3 acre lot with lagoon-friendly landscaping, pavered driveway & pool area.

3 BR/2BA + enclosed porch gives space to spread out, while the kitchen is in the heart of the home, ideal for gatheri ng and open to the living room. If investment is the goal, this sizeable home is blocks to the beaches of the Atlantic Ocean or the Indian River and can be registered as an AirBnb in compliance with town ordinances. Your beach bunglaow is zoned for A-rated schools, walk or bike to parks, library, shopping & some of the best dning Brevard County has to offer. Don't wait to see this one!


Presented by Pamela Reynolds at
RE MAX Alternative Realty Inc.
Listing Agent Photo

Property MLS #1012061 from SpaceCoast

Bedrooms: 3

Total Rooms: 6

Total Bathrooms: 2
Full Bathrooms: 2

Ceiling Fan(s)
Pantry
Primary Bathroom - Shower No Tub
Split Bedrooms
Flooring: Carpet, Tile

Dishwasher
Disposal
Dryer
Electric Oven
Electric Range
Electric Water Heater
Microwave
Refrigerator
Washer

Cooling Features: Central Air, Electric
Heating Features: Central, Electric
Heating: Yes

Pool Features: In Ground

Many Trees
Lot Size Acres: 0.3
Lot Size Square Feet: 13068

Fencing: Back Yard, Privacy, Wood
Road Surface Type: Asphalt

Carport Spaces: 1
Garage Spaces: 1
Parking Features: Attached Carport, Garage

Elementary School: Gemini
High School: Melbourne

Gemini Elementary School is a public elementary school located approximately 1.7 miles away.
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Herbert C. Hoover Middle School is a public middle school located approximately 1.8 miles away.
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Melbourne Senior High School is a public high school located approximately 3.4 miles away.
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Diamond Community School is a private elementary, middle and high school located approximately 2.4 miles away.
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Calculated Total Monthly Association Fees: 0
Senior Community: Yes

Annual Tax Amount: 2206.860000000
Source Listing Status: Active
County: Brevard
Current Use: Residential
Directions: SR A1A south, right on Magnolia Ave, left on Banyan Way, right on Magnolia. Arrive at 506 Magnolia Ave, home on right.
Tax Year: 2023
Source Property Type: Residential
Area: 384-Indialantic/Melbourne Beach
MLS Area Minor: 384-Indialantic/Melbourne Beach
Source Neighborhood: Island Shores of Melbourne Beach
Subdivision: Island Shores of Melbourne Beach
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$162,080
$1,978
2021$unknown + $unknown
$157,360
$2,026
2020$unknown + $unknown
$146,740
$1,863
2019$unknown + $unknown
$143,450
$1,849
2018$unknown + $unknown
$140,780
$1,831
2017$unknown + $unknown
$137,890
$1,802
2016$unknown + $unknown
$135,060
$1,836
2015$unknown + $unknown
$134,130
$1,864
2014$unknown + $unknown
$133,070
$1,866
2013$unknown + $unknown
$131,110
$1,877
2012$unknown + $unknown
$128,920
$1,822
2011$unknown + $unknown
$125,170
$1,725
2010$unknown + $unknown
$123,320
$1,550
2009$unknown + $unknown
$98,610
$1,035
2008$unknown + $unknown
$98,520
$989
2007$unknown + $unknown
$95,660
$1,138

Price Changed 2024-05-11
$649,000
SpaceCoast
Listed 2024-04-27
$674,900
SpaceCoast
Sold 1990-05-01
$83,000
Public Record
Sold 1974-06-01
$35,000
Public Record

Total Square Feet Living: 1452
Year Built: 1957
Building Area Total: 2137
Construction Materials: Concrete, Stone
Property Age: 67
Roof: Metal
Architectural Style: Ranch

Sewer Connected
Water Connected
Water Source: Public

Security Features: Smoke Detector(s)
Click Thumbnail Images To View Full Size
house_viewhouse_viewporchporchporch
house_viewunknownliving_roomliving_roomliving_room
dining_roomdining_roomkitchenkitchenbedroom
bathroombedroombedroombathroomliving_room
unknownfloor_plan

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.