702 Oak Street
Melbourne Beach, FL 32951
4
Bed
2
Bath
2,212Sqft
0.59Acre(Lot)
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 cer
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 4Bathroom Information
Total Baths: 2 Full Baths: 2Water/Sewer
Sewer: Public SewerRoom Information
Other Rooms: 3 -
Flooring Information
Tile, Vinyl -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator -
Heating & Cooling
Heating: Electric Cooling: Central Air WaterSource: Public -
Fireplace
Fireplace: Yes Number of Fireplaces: 1 Fireplace Features: 1
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Building Information
Year Built: 1950 Construction Materials: Concrete, Stucco Roof: Shingle
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Lot Information
Lot Description: Corner Lot Lot Size Area: 0.59 Acres Lot Square Feet: 25,700 Stories: 1 Main Square Feet: 2212Property Information
Property Type: Residential Sub Type: Single Family Residence SQ ft (Living Area): 2,212 Subdivision: Sunset Bay Subd MLS Area Minor: 384-Indialantic/Melbourne Beach Source Neighborhood: Sunset Bay Subd Construction Materials: Concrete, Stucco Property Age: 76
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Listing Price Information
Listing Id: 1075621 ist Price: $895,000 Original List Price: $920,000 List Price Tot SqFt: $405 Listing Terms Cash, Conventional -
Listing Information
Possession: Close Of Escrow, Subject To Tenant Rights
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Tax Information
Parcel Number: 28-38-06-78-00000.0-0048.00 Annual Tax: $13,256 Tax Year: 2025 Taxes: SUNSET BAY SUBD LOTS 48,49,50
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Virtual Tour
Parking Information
# of Garage Spaces: 2 Has Garage: Yes Garage
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School Information
Elementary School: GeminiElementary School District:Junior High School: HooverSenior High School: Melbourne -
Utility Information
Electricity Available, Sewer Available, Water Available -
Location Information
Direction: 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.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 475 Strand Drive, Melbourne Beach, FL, 32951 | $879,000 | 4 | 6 | 3,189 | 3,189 SqFt |
| 140 Warsteiner Way #602, Melbourne Beach, FL, 32951 | $850,000 | 3 | 4 | 2,216 | 2,216 SqFt |
| 405 Strand Drive, Melbourne Beach, FL, 32951 | $1,250,000 | 6 | 6 | 3,682 | 3,682 SqFt |
| 9085 S Highway A1a, Melbourne Beach, FL, 32951 | $2,680,000 | 3 | 3 | 3,110 | 3,110 SqFt |
| 8331 S Highway A1a #N, Melbourne Beach, FL, 32951 | $1,795,000 | 3 | 3 | 2,517 | 2,517 SqFt |
| 6403 Highway A1a, Melbourne Beach, FL, 32951 | $3,695,000 | 7 | 8 | 4,783 | 4,783 SqFt |
| 3135 Highway A1a #202, Melbourne Beach, FL, 32951 | $1,325,000 | 3 | 3 | 2,213 | 2,213 SqFt |
| 7333 S Hwy A1a, Melbourne Beach, FL, 32951 | $2,695,000 | 3 | 4 | 2,790 | 2,790 SqFt |
| 205 Strand Drive #401, Melbourne Beach, FL, 32951 | $895,000 | 3 | 4 | 2,185 | 2,185 SqFt |
| 9315 S Highway A1a, Melbourne Beach, FL, 32951 | $5,675,000 | 6 | 4 | 4,170 | 4,170 SqFt |
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ByOwner last updated this listing 08/17/2026 @ 09:51
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