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$1,275,000   Price Analysis
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508 Ocean Ave Unit R
Melbourne Beach, FL 32951
6 bed 4 bath 3,131 SqFt ($407/SqFt)
0.31 acre lot. Built 1900
Listed 2024-05-02, Taxes $6,783
Ⓧ USDA Ineligible
due to price & location

near Melbourne Beach

This picturesque property has so much to offer as your place in the sun in the heart of Melbourne Beach!

The importance of a prime location cannot be overstated. A historic house that's a century old carries a special charm that's hard to replicate with its adaptability, investment potential and sense of history. The lt is vast (ready to improve, redo or renovate), with mature trees for the tranquility the neighborhood is known for. These three free standing buildings hold four rentals which are all presently occupied producing a steady income.

A unique and rare opportunity that doesn't occur often in this area, having convenience of sunset and sunrise viewings, being located near popular amenities and boasting a community atmosphere. Please note: respecting the privacy of the tenants is paramount. It is important to not intrude or trespass on the property; please make an appointment. This property has four listings in MLS: (please see ''More. '') The four listings: residential property, residential income, land or commercial. Please call for more Information. Hope to see you soon!


Presented by Kelly Rodano at
Berkshire Hathaway HomeServices Florida Realty.


Property MLS #1012728 from SpaceCoast

Bedrooms: 6

Total Bathrooms: 4
Full Bathrooms: 4

Ceiling Fan(s)
In-Law Floorplan
Kitchen Island
Open Floorplan
Pantry
Primary Bathroom - Shower No Tub
Primary Bathroom - Tub with Shower
Primary Bathroom -Tub with Separate Shower
Primary Downstairs
Flooring: Tile, Vinyl, Wood

Disposal
Dryer
Electric Range
Electric Water Heater
Gas Water Heater
Microwave
Refrigerator
Tankless Water Heater
Washer

Cooling Features: Electric, Multi Units, Wall/Window Unit(s)
Fireplace Features: Wood Burning

Balcony
Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch, Screened, Side Porch

Historic Area
Lot Size Acres: 0.31
Lot Size Square Feet: 13504

Garage Spaces: 1
Parking Features: Additional Parking, Parking Lot, Unassigned

Elementary School: Gemini
High School: Melbourne

Gemini Elementary School is a public elementary school located approximately 1.1 miles away.
directions icon Map directions

Herbert C. Hoover Middle School is a public middle school located approximately 2.4 miles away.
directions icon Map directions

Melbourne Senior High School is a public high school located approximately 3.7 miles away.
directions icon Map directions

Diamond Community School is a private elementary, middle and high school located approximately 2.2 miles away.
directions icon Map directions

Calculated Total Monthly Association Fees: 0
Pet Description: Yes

Annual Tax Amount: 6783.180000000
Source Listing Status: Active
County: Brevard
Current Use: Commercial, Investment, Multi-Family, Residential
Directions: From I-95 & 192 (West New Haven Blvd) go East 8 miles, then go right/south on Riverside 1.7 mi, on Ocean Ave it's on the left/north side .01 miles from Riverside. From Sebastian Inlet go north on A1A 15.2 miles, on Ocean Ave it 's on the right .02 miles in from A1A.
Tax Year: 2023
Source Property Type: Residential
Area: 384-Indialantic/Melbourne Beach
MLS Area Minor: 384-Indialantic/Melbourne Beach
Source Neighborhood: Henry Whitings Melbourne Bch
Parcel Number: 28-38-07-01-00003.0-0024.00
Subdivision: Henry Whitings Melbourne Bch
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$410,790
$6,783
2021$unknown + $unknown
$331,600
$5,188
2020$unknown + $unknown
$326,370
$5,136
2019$unknown + $unknown
$318,820
$5,120
2018$330,000 + $unknown
$330,000
$6,101
2017$315,000 + $unknown
$315,000
$5,894
2016$300,000 + $unknown
$300,000
$5,894
2015$133,250 + $141,750
$275,000
$5,606
2014$unknown + $unknown
$260,000
$5,331
2013$unknown + $unknown
$245,000
$5,170
2012$unknown + $unknown
$245,000
$5,029
2011$unknown + $unknown
$257,000
$5,204
2010$unknown + $unknown
$312,000
$5,784
2009$unknown + $unknown
$348,000
$6,038
2008$unknown + $unknown
$425,000
$6,987
2007$unknown + $unknown
$445,000
$7,167

Listed 2024-05-02
$1,275,000
SpaceCoast
Listed 2024-05-02
$1,275,000
SpaceCoast
Listed 2024-05-02
$1,275,000
SpaceCoast
Sold 2012-04-30
$261,300
Public Record
Sold 2001-12-26
$365,000
Public Record
Sold 1996-06-05
$160,000
Public Record

Total Square Feet Living: 3131
Year Built: 1900
Building Area Total: 3740
Construction Materials: Frame, Vinyl Siding
Property Age: 124
Roof: Metal
Architectural Style: Multi Generational

Cable Available
Electricity Connected
Sewer Connected
Water Connected
Propane
Water Source: Public
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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.