702 Oak Street
Melbourne Beach, FL 32951
4
Bed
2
Bath
2,212Sqft
0.59Acre(Lot)
Located just 1.5 blocks to the ocean and 3 blocks to Ocean Avenue, this property is situated in an ideal location and boasts a .59 acre homesite. The options include maintaining it as an Income-producing property with tenants already in place--start generating returns from day one. Option two, live in one unit and rent the other (tenants are month to month). Option 3, the highest use, build a true custom home on a hard to find .59 acre lot! Currently, there is a 3-bedroom, 2-bath home offering approximately 1,552 square feet of living space and additionally a 1 bedroom cottage. The property presents strong upside potential for investors looking to enhance value over time, whether as a long-term rental or future renovation project. This home is Being sold as-is. Tenant occupied. Showings by
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: $920,000 List Price Tot SqFt: $416 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 |
| 532 Sunset Boulevard, Melbourne Beach, FL, 32951 | $2,100,000 | 6 | 4 | 2,586 | 2,586 SqFt |
| 501 Avenue A, Melbourne Beach, FL, 32951 | $1,425,000 | 3 | 3 | 2,973 | 2,973 SqFt |
| 8331 S Highway A1a #N, Melbourne Beach, FL, 32951 | $1,845,000 | 3 | 3 | 2,517 | 2,517 SqFt |
| 475 Strand Drive, Melbourne Beach, FL, 32951 | $879,000 | 4 | 6 | 3,189 | 3,189 SqFt |
| 531 Sunset Boulevard, Melbourne Beach, FL, 32951 | $2,600,000 | 4 | 4 | 6,000 | 6,000 SqFt |
| 6403 Highway A1a, Melbourne Beach, FL, 32951 | $3,795,000 | 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 |
| 9205 S Highway A1a, Melbourne Beach, FL, 32951 | $7,250,000 | 8 | 8 | 6,475 | 6,475 SqFt |
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ByOwner last updated this listing 06/25/2026 @ 04:41
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