506 Banyan Way, Melbourne Beach, FL 32951 (MLS# 1083910)

506 Banyan Way, Melbourne Beach, FL 32951

$1,100,000

Virtual Tour

https://www.virtualtourcafe.com/mls/10009498

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,877 Lot Size (sq. ft.): 13,504 Status: Pending

Current Price: $1,100,000 List Date: 8/07/2026 Last Modified: 8/07/2026

Overview

Description

Experience elevated coastal living where timeless design meets exceptional craftsmanship. Completely renovated from the studs up, every inch of this home has been thoughtfully transformed with premium materials, designer finishes, and impeccable attention to detail. From the custom hardware and statement lighting to the luxury vinyl plank flooring and beautifully appointed tilework, every space reflects quality and sophistication. At the center of the home is a stunning open-concept kitchen designed to impress, featuring upgraded natural quartz countertops, a full-height tile backsplash, premium Z-Line appliances, and a show stopping island. The seamless flow into the main living and dining areas creates an inviting setting for both everyday living and effortless entertaining. The newly created primary suite offers a peaceful retreat with designer walk-in closets with custom shelving and a spa-inspired bath highlighted by a zero-entry shower.

Supplements: A second private primary suite on the opposite side of the home provides ideal accommodations for guests or multigenerational living. Two additional bedrooms are connected by a Jack-and-Jill bath, and the thoughtfully designed split-bedroom layout enhances comfort and privacy for everyone. Outdoor living is just as impressive, featuring a beautiful ... (Read more)

Listing Details MLS# 1083910

General Property Information

Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Living Area: 2463
Living Area Source: Plans
Building Area Total: 2877
Accessibility Features YN: No
New Construction YN: No
Year Built: 1962
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.31
Lot Size Square Feet: 13504
Lot Size Dimensions: 120 x 113
Land Lease YN: No
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Direction Faces: South
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 446.61

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Range; ENERGY STAR Qualified Dishwasher; ENERGY STAR Qualified Refrigerator; ENERGY STAR Qualified Water Heater; Ice Maker; Microwave; Refrigerator; Washer; Wine Cooler Architectural Style: Ranch Construction Materials: Block; Stucco Cooling: Central Air; Multi Units Current Use: Residential Electric: 200+ Amp Service Exterior Features: Impact Windows; Outdoor Shower Fencing: Privacy; Wood Flooring: Tile; Vinyl Green Energy Efficient: Appliances; Doors; Water Heater; Windows Heating: Central; Electric; Heat Pump Interior Features: Breakfast Bar; Built-in Features; Ceiling Fan(s); Guest Suite; Jack and Jill Bath; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan Lot Features: Sprinklers In Front; Sprinklers In Rear; Other Other Structures: Gazebo; Shed(s) Parking Features: Attached; Garage; Garage Door Opener Patio And Porch Features: Covered; Patio; Rear Porch Pets Allowed: Yes Pool Features: Fenced; In Ground Possession: Close Of Escrow; Negotiable Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Concrete; Paved Roof: Metal; Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Showing Service Smart Home Features: Programmable Thermostat Special Listing Conditions: Corporate Owned; Owner Licensed RE; Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected View: Pool Water Source: Public

Contract Information

Original List Price: 1100000
Listing Contract Date: 2026-07-31
Start Showing Date: 2026-08-07
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 506
Street Name: Banyan
Street Suffix: Way
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: Island Shores of Melbourne Beach

Remarks and Miscellaneous

Public Remarks: Experience elevated coastal living where timeless design meets exceptional craftsmanship. Completely renovated from the studs up, every inch of this home has been thoughtfully transformed with premium materials, designer finishes, and impeccable attention to detail. From the custom hardware and statement lighting to the luxury vinyl plank flooring and beautifully appointed tilework, every space reflects quality and sophistication. At the center of the home is a stunning open-concept kitchen designed to impress, featuring upgraded natural quartz countertops, a full-height tile backsplash, premium Z-Line appliances, and a show stopping island. The seamless flow into the main living and dining areas creates an inviting setting for both everyday living and effortless entertaining. The newly created primary suite offers a peaceful retreat with designer walk-in closets with custom shelving and a spa-inspired bath highlighted by a zero-entry shower.

Status Change Information

Major Change Timestamp: 2026-08-07T23:59:06Z
Major Change Type: Status Change
Status Change Timestamp: 2026-08-07
Purchase Contract Date: 2026-08-07

More Information

Closing Company Details

Closing Company Name: Bella Title (Lee Evans)
Closing Company Address: 6450 N Wickham Rd. Suite 106, Melbourne

DPR Eligible

DPR Eligible: No

Legal Details

Permission Granted to Advertise: Yes

Currently Not Used

Homestead YN: No

Location, Tax, and Legal

Tax Account: 2847012
Parcel Number: 28-38-06-75-00002.0-0013.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 8579.61
Tax Year: 2023
Tax Legal Description: ISLAND SHORES OF MELBOURNE BEACH LOT 13 BLK 2
Zoning Description: Residential
Directions: Head toward E Strawbridge Ave, follow US-192 E, Pass by Chase Bank (on the right), Turn right onto S Riverside Dr, Turn left onto S Palm Ave, Turn right onto Banyan Way, Destination will be on the left at 506 Banyan Way

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
ENERGY STAR Qualified Dishwasher: Yes
ENERGY STAR Qualified Refrigerator: Yes
ENERGY STAR Qualified Water Heater: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Wine Cooler: Yes

Architectural Style

Ranch: Yes

Construction Materials

Block: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes
Multi Units: Yes

Current Use

Residential: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Impact Windows: Yes
Outdoor Shower: Yes

Fencing

Privacy: Yes
Wood: Yes

Flooring

Tile: Yes
Vinyl: Yes

Green Energy Efficient

Appliances: Yes
Doors: Yes
Water Heater: Yes
Windows: Yes

Heating

Central: Yes
Electric: Yes
Heat Pump: Yes

Interior Features

Breakfast Bar: Yes
Built-in Features: Yes
Ceiling Fan(s): Yes
Guest Suite: Yes
Jack and Jill Bath: Yes
Kitchen Island: Yes
Open Floorplan: Yes
Pantry: Yes
Primary Bathroom - Shower No Tub: Yes
Smart Thermostat: Yes
Split Bedrooms: Yes
Walk-In Closet(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
In Unit: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

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

Lot Features

Sprinklers In Front: Yes
Sprinklers In Rear: Yes
Other: Yes

Other Structures

Gazebo: Yes
Shed(s): Yes

Parking Features

Attached: Yes
Garage: Yes
Garage Door Opener: Yes

Patio And Porch Features

Covered: Yes
Patio: Yes
Rear Porch: Yes

Pets Allowed

Yes: Yes

Pool Features

Fenced: Yes
In Ground: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Concrete: Yes
Paved: Yes

Roof

Metal: Yes
Shingle: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Corporate Owned: Yes
Owner Licensed RE: Yes
Standard: Yes

Utilities

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

View

Pool: Yes

Water Source

Public: Yes

Showing Requirements

Showing Service: Yes

Smart Home Features

Programmable Thermostat: Yes

Property Condition

Updated/Remodeled: Yes

Listing Office: ITG Realty

Last Updated: August - 07 - 2026

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