507 Banyan Way, Melbourne Beach, FL 32951 (MLS# 733797)

507 Banyan Way, Melbourne Beach, FL 32951

$375,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,691 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $375,000 List Date: 9/21/2015 Last Modified: 6/11/2026

Overview

Description

Located in the heart of Melbourne Beach, walking distance to the beach or the river. This house is charming with a contemporary spin on modern amenities, such as a new chef’s kitchen, updated bathrooms and new windows with high impact glass. The guest suite has its own entrance, bath and ac unit. The living area opens up with bi-fold doors onto the screened patio to expand entertaining options. The property is no wallflower and has stood the test of time with beautiful wood beam and scalloped ceilings, along with terrazzo floors. The Seller loves this property and is sad to part with it and all the money they have spent on the new kitchen, window, doors and much more, but they are relocating due to work.

Listing Details MLS# 733797

General Property Information

Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 2187
Living Area Source: Public Records
Building Area Total: 2691
New Construction YN: No
Year Built: 1958
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Lot Size Dimensions: 113.0 ft x 115.0 ft
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Direction Faces: North
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 185.19
Sold Price/SqFt: 171.47
Bathrooms Half: 0
Carport Spaces: 0

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric Fencing: Fenced; Wood Flooring: Terrazzo Heating: Central; Electric Interior Features: Ceiling Fan(s); Guest Suite; Kitchen Island; Open Floorplan; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: In Garage Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Few Trees; Sprinklers In Front; Sprinklers In Rear Parking Features: Attached; Garage Door Opener Patio And Porch Features: Patio; Porch; Screened Pets Allowed: Yes Pool Features: In Ground Possession: Close Of Escrow Roof: Membrane Sewer: Public Sewer Showing Requirements: Appointment Only; Showing Service Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Water Available Water Source: Well

Contract Information

Original List Price: 405000
Listing Contract Date: 2015-08-28
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 507
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: Located in the heart of Melbourne Beach, walking distance to the beach or the river. This house is charming with a contemporary spin on modern amenities, such as a new chef’s kitchen, updated bathrooms and new windows with high impact glass. The guest suite has its own entrance, bath and ac unit. The living area opens up with bi-fold doors onto the screened patio to expand entertaining options. The property is no wallflower and has stood the test of time with beautiful wood beam and scalloped ceilings, along with terrazzo floors. The Seller loves this property and is sad to part with it and all the money they have spent on the new kitchen, window, doors and much more, but they are relocating due to work.

Status Change Information

Major Change Timestamp: 2015-11-06T13:08:33Z
Major Change Type: Status Change
Status Change Timestamp: 2015-11-06
Purchase Contract Date: 2015-09-21
Close Date: 2015-11-05
Close Price: 375000

More Information

Closing Company Details

Closing Company Name: Michelle Denault, Alliance Title Insurance Agency 33-C Suntree Place Melbourne, FL 32940

Legal Details

Plat Book #: 7208
Plat Book Page: 1454

Location, Tax, and Legal

Tax Account: 2847020
Parcel Number: 28-38-06-75-00003.0-0005.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 3716.53
Tax Year: 2014
Tax Legal Description: LOT 5 BLK 3
Directions: 192 East over causeway to beach. South on A1A to Magnolia. Take right on Magnolia Ave, then right on Banyan Way. House on left.

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Electric Water Heater: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Fencing

Fenced: Yes
Wood: Yes

Flooring

Terrazzo: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Ceiling Fan(s): Yes
Guest Suite: Yes
Kitchen Island: Yes
Open Floorplan: Yes
Split Bedrooms: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

In Garage: Yes

Levels

One: Yes

Listing Terms

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

Lot Features

Few Trees: Yes
Sprinklers In Front: Yes
Sprinklers In Rear: Yes

Parking Features

Attached: Yes
Garage Door Opener: Yes

Patio And Porch Features

Patio: Yes
Porch: Yes
Screened: Yes

Pets Allowed

Yes: Yes

Pool Features

In Ground: Yes

Possession

Close Of Escrow: Yes

Roof

Membrane: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

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

Water Source

Well: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Listing Office: SunCoast Real Estate Group

Last Updated: June - 11 - 2026

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