702 Oak ST, Melbourne Beach, FL 32951
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702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
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Gina McTernan

Gina McTernan

+1(321) 266-0530
$ 895,000
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Price Dropped by $25K

702 Oak ST Melbourne Beach, FL 32951

2,212 SqFt

Open House

Sun Jul 26, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,212 sqft

Price per Sqft $404

Subdivision Sunset Bay Subd

MLS Listing ID 1075526

HOA Y/N No

Total Fin. Sqft 2212

Year Built 1950

Annual Tax Amount $13,256

Tax Year 2025

Lot Size 0.590 Acres

Acres 0.59

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

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.

Location

State FL

County Brevard

Area 384-Indialantic/Melbourne Beach

Direction From US Highway 1. Head west on US-192/E New Haven Ave, turn left onto Oak St, and continue to 702 Oak St which will be on your right at the corner of Sunset & Oak.

Interior

Heating Electric

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Number 1

Fireplace Yes

Appliance Dishwasher, Electric Cooktop, Electric Oven, Refrigerator

Exterior

Exterior Feature ExteriorFeatures

Parking Features Garage

Garage Spaces 2.0

Utilities Available Electricity Available, Sewer Available, Water Available

Amenities Available Beach Access

Roof Type Shingle

Present Use Investment,Multi-Family,Residential

Garage Yes

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

Elementary Schools Gemini

High Schools Melbourne

Others

Senior Community No

Tax ID 28-38-06-78-00000.0-0048.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.virtualtourcafe.com/mls/10005169

Space Coast Association of Realtors (Brevard MLS)
Listed by Golden Group Realty LLC
Gina McTernan

Gina McTernan

REALTOR®

+1(321) 266-0530

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702 Oak ST