5001 Malabar Boulevard 101-104, Melbourne Beach, FL 32951

$1,050,000
Property Type: Residential Income Square Footage: 6,228 Lot Size (sq. ft.): 21,344 Status: Closed
Current Price: $1,050,000 List Date: 1/06/2023 Last Modified: 5/14/2026

Overview

Description

Rare opportunity to own a quality investment property just a short stroll to the beach in a great Melbourne Beach neighborhood. Each of the 4 units all have 2 bedrooms, 2 baths, a private 1 car garage, expansive porch and individually privacy fenced back yard areas on this nearly 1/2 acre property. Concrete block construction, vaulted ceilings in the living areas, tiled throughout and 2 units have new kitchens on order to be installed mid February. Shown by appointment.

Listing Details MLS# 954023

General Property Information

Number Of Units Total
4
Living Area
3722
Living Area Source
Public Records
Building Area Total
6228
Year Built
1987
Garage YN
No
Carport YN
No
Lot Size Acres
0.49
Lot Size Square Feet
21344
Association YN
No
Use Code
08 / QUADRUPLEX
Water Body Access YN
No
Waterfront YN
No
Water Frontage Feet
4
Pool Private YN
No
List Price/SqFt
308.97
Sold Price/SqFt
282.11
Garage Spaces
0
Carport Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Softener Owned Association Amenities: Management - Live In; Management - On Site Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric Flooring: Tile Laundry Features: Electric Dryer Hookup Levels: One Listing Terms: Cash; Conventional Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Insurance; Management; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water Parking Features: RV Access/Parking Pool Features: None Possession: Close Of Escrow Roof: Shingle Sewer: Septic Tank Special Listing Conditions: Standard Utilities: Cable Available Water Source: Well Showing Considerations: Occupied Showing Requirements: Appointment Only; Showing Service

Contract Information

Original List Price
1150000
Listing Contract Date
2023-01-06
Property Sub Type
Quadruplex

Location Tax and Legal

Street Number
5001
Street Name
Malabar
Street Suffix
Boulevard
County
Brevard
State
FL
Postal Code
32951
MLS Area Major
385 - South Beaches
Subdivision Name
Beach Townhouses

Remarks and Miscellaneous

Public Remarks
Rare opportunity to own a quality investment property just a short stroll to the beach in a great Melbourne Beach neighborhood. Each of the 4 units all have 2 bedrooms, 2 baths, a private 1 car garage, expansive porch and individually privacy fenced back yard areas on this nearly 1/2 acre property. Concrete block construction, vaulted ceilings in the living areas, tiled throughout and 2 units have new kitchens on order to be installed mid February. Shown by appointment.

Status Change Information

Major Change Timestamp
2023-03-15T18:03:14Z
Major Change Type
Status Change
Status Change Timestamp
2023-03-15
Purchase Contract Date
2023-01-29
Close Date
2023-03-15
Close Price
1050000

More Information

Closing Company Details

Closing Company Name
Precise Title 321-984-0986
Closing Company Address
201 Sixth Ave Indialantic, Florida 32903

Historical Information

Public Historical Remarks 3
Possible Financing-Holding 1st: Y, Parking-1 Space Per Unit: Y, Equipment/Appliances-Range: Y, Number of Buildings: 1 Building

Location, Tax, and Legal

Unit Number
101-104
Tax Account
2953275
Parcel Number
29-38-03-75-00000.0-0001.00
General County Location
South
Elementary School
Gemini
Middle School
Hoover
High School
Melbourne
Tax Annual Amount
8595.82
Tax Year
2022
Tax Legal Description
BEACH TOWNHOUSES LOTS 1 THUR 4 AND TRACT A
Directions
A1A to Spoonbill ( Crystal Lakes) , South in Malabar.

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Softener Owned
Yes

Association Amenities

Management - Live In
Yes
Management - On Site
Yes

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes
Electric
Yes

Flooring

Tile
Yes

Laundry Features

Electric Dryer Hookup
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

RV Access/Parking
Yes

Pool Features

None
Yes

Possession

Close Of Escrow
Yes

Owner Pays

Electricity
Yes
Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Management
Yes
Pest Control
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Roof

Shingle
Yes

Sewer

Septic Tank
Yes

Special Listing Conditions

Standard
Yes

Utilities

Cable Available
Yes

Water Source

Well
Yes

Showing Requirements

Appointment Only
Yes
Showing Service
Yes

Showing Considerations

Occupied
Yes
Listing Office: One Sotheby's International
Last Updated: May - 14 - 2026
Information is deemed to be reliable, but is not guaranteed.