505 Banyan Way, Melbourne Beach, FL 32951 (MLS# 940962)

505 Banyan Way, Melbourne Beach, FL 32951

$565,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/940962

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,476 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $565,000 List Date: 5/10/2023 Last Modified: 6/25/2026

Overview

Description

Spectacular 4/3 ranch style home nestled in the heart of Melbourne Beach. This desirable property features open living spaces, large 2 car garage, gigantic fenced in backyard with old growth trees, perfect to create your own tropical landscaped oasis. Within walking distance to the local beach access. Imagine hoping into your golf cart and being minutes away from local amenities. A+ public school district Two year old roof and A/C. Tiled and Terrazzo flooring throughout the home. Ready for your own personal touches to create your paradise lifestyle on this Barrier Island.

Listing Details MLS# 940962

General Property Information

Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 1640
Living Area Source: Measured
Building Area Total: 2476
New Construction YN: No
Year Built: 1957
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Association YN: No
Association Name: ISLAND SHORES OF MELBOURNE BEACH
Property Use: 01 / SINGLE FAMILY RESIDENCE
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Direction Faces: East
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 365.85
Sold Price/SqFt: 344.51
Bathrooms Half: 0
Carport Spaces: 0

Property Features

Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Refrigerator Association Amenities: Park; Playground; Tennis Court(s) Construction Materials: Concrete; Stucco Cooling: Central Air Fencing: Fenced; Wood Flooring: Terrazzo; Tile Heating: Central Interior Features: His and Hers Closets; Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Primary Downstairs; Split Bedrooms Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Garage; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Other Parking Features: Attached Pets Allowed: Yes Pool Features: None Possession: Close Of Escrow Roof: Shingle Sewer: Public Sewer Showing Requirements: Showing Service Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Water Available Water Source: Public; Well Waterfront Features: Ocean Access Room Types: Florida Room; Living Room

Contract Information

Original List Price: 760000
Listing Contract Date: 2022-07-18
Start Showing Date: 2022-08-04
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 505
Street Name: Banyan
Street Suffix: Way
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Spectacular 4/3 ranch style home nestled in the heart of Melbourne Beach. This desirable property features open living spaces, large 2 car garage, gigantic fenced in backyard with old growth trees, perfect to create your own tropical landscaped oasis. Within walking distance to the local beach access. Imagine hoping into your golf cart and being minutes away from local amenities. A+ public school district Two year old roof and A/C. Tiled and Terrazzo flooring throughout the home. Ready for your own personal touches to create your paradise lifestyle on this Barrier Island.

Status Change Information

Major Change Timestamp: 2023-11-11T03:35:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-04-17T15:27:20Z
Status Change Timestamp: 2023-07-19
Purchase Contract Date: 2023-06-23
Close Date: 2023-07-12
Close Price: 565000

More Information

Closing Company Details

Closing Company Name: Mangrove Legal and Title
Closing Company Address: 1530 U.S. Highway 1, Melbourne, FL 32955

Legal Details

Permission Granted to Advertise: Yes

Historical Information

Public Historical Remarks 2: Dwelling View-Yard: Y

Location, Tax, and Legal

Tax Account: 2847019
Parcel Number: 28-38-06-75-00003.0-0004.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 5464.01
Tax Year: 2021
Tax Legal Description: ISLAND SHORES OF MELBOURNE BEACH LOT 4 BLK 3
Directions: Head east on US-192 E/5th Ave toward Riverside Pl S 0.6 miles, Turn right onto Shannon Ave 1.0 mile, Turn right onto Banyan Way 420 ft, Property on the lefthand side.

Appliances

Dishwasher: Yes
Disposal: Yes
Electric Range: Yes
Electric Water Heater: Yes
Refrigerator: Yes

Association Amenities

Park: Yes
Playground: Yes
Tennis Court(s): Yes

Construction Materials

Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Fencing

Fenced: Yes
Wood: Yes

Flooring

Terrazzo: Yes
Tile: Yes

Heating

Central: Yes

Interior Features

His and Hers Closets: Yes
Open Floorplan: Yes
Pantry: Yes
Primary Bathroom - Tub with Shower: Yes
Primary Downstairs: Yes
Split Bedrooms: Yes

Laundry Features

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
In Garage: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Other: Yes

Parking Features

Attached: Yes

Pets Allowed

Yes: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Water Available: Yes

Water Source

Public: Yes
Well: Yes

Waterfront Features

Ocean Access: Yes

Showing Requirements

Showing Service: Yes

Room Types

Florida Room: Yes
Living Room: Yes

Listing Office: One Sotheby's International

Last Updated: June - 25 - 2026

Information is deemed to be reliable, but is not guaranteed.