508 Magnolia Avenue, Melbourne Beach, FL 32951 (MLS# 1061943)

508 Magnolia Avenue, Melbourne Beach, FL 32951

$1,800,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 5,384 Lot Size (sq. ft.): 13,068 Status: Active

Current Price: $1,800,000 List Date: 11/12/2025 Last Modified: 5/20/2026

Overview

Description

This stunning, custom home is currently nearly completed. Built to exceed Miami-Dade standards, with poured concrete walls this home offers better insurance rates than typical homes in the area. At 3,450 square feet, this 5 bedroom, 4 bath, 3 car garage home is a two-story masterpiece. The home offers unparalleled finishes . The interior has 20-foot ceilings in the main living area and 10-foot ceilings throughout the rest of the home. The gourmet kitchen is a chef's delight, with a massive walk-in pantry and a 4x8-foot center island with prep sink. The main level features a private retreat in the sumptuous master suite, offering a 5 piece en suite bath and two large walk-in closets. 2 additional bedrooms are on the main level along with a to die for bathroom that must be seen to be believed. Upstairs, are the 2 remaining bedrooms, a bath, a bonus game room and 2 decks one is a 550 sq/ft covered deck, the other is a 600sq/ft open deck. Agent must accompany.

Listing Details MLS# 1061943

General Property Information

Bedrooms Total: 5
Bathrooms Total: 4
Accessory Dwelling Unit Y/N: No
Bathrooms Full: 3
Bathrooms Half: Yes
Living Area: 3450
Living Area Source: Owner
Building Area Total: 5384
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-04-30
Year Built: 2025
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
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: 2
Entry Level: Yes
Direction Faces: South
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 521.74

Property Features

Appliances: Dishwasher; Disposal; Electric Range; Refrigerator Architectural Style: Contemporary Construction Materials: Concrete Cooling: Central Air Current Use: Residential Electric: 200+ Amp Service Exterior Features: Balcony; Impact Windows; Outdoor Kitchen; Other Fencing: Privacy Fireplace Features: Electric Flooring: Other Heating: Central Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; His and Hers Closets; Kitchen Island; Pantry; Primary Bathroom - Tub with Shower; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Laundry Features: In Unit Levels: Two Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Attached; Garage; Garage Door Opener Patio And Porch Features: Covered; Deck; Patio; Porch Pets Allowed: Yes Pool Features: In Ground Possession: Close Of Escrow Property Condition: Under Construction Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Metal Sewer: Public Sewer Showing Requirements: Appointment Only Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected View: Other Water Source: Public

Contract Information

Original List Price: 1800000
Listing Contract Date: 2025-11-12
Start Showing Date: 2025-11-13
Property Sub Type: Single Family Residence
Comp Sale YN: No

Location Tax and Legal

Street Number: 508
Street Name: Magnolia
Street Suffix: Avenue
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: This stunning, custom home is currently nearly completed. Built to exceed Miami-Dade standards, with poured concrete walls this home offers better insurance rates than typical homes in the area. At 3,450 square feet, this 5 bedroom, 4 bath, 3 car garage home is a two-story masterpiece. The home offers unparalleled finishes . The interior has 20-foot ceilings in the main living area and 10-foot ceilings throughout the rest of the home. The gourmet kitchen is a chef's delight, with a massive walk-in pantry and a 4x8-foot center island with prep sink. The main level features a private retreat in the sumptuous master suite, offering a 5 piece en suite bath and two large walk-in closets. 2 additional bedrooms are on the main level along with a to die for bathroom that must be seen to be believed. Upstairs, are the 2 remaining bedrooms, a bath, a bonus game room and 2 decks one is a 550 sq/ft covered deck, the other is a 600sq/ft open deck. Agent must accompany.

Status Change Information

Major Change Timestamp: 2025-11-12T19:58:40Z
Major Change Type: New Listing
Status Change Timestamp: 2025-11-12

More Information

Closing Company Details

Closing Company Name: Closed Title - Amy Prvulov - 321-413-6200
Closing Company Address: 5445 Murrell Rd., Suite 104, Viera, FL

DPR Eligible

DPR Eligible: No

Legal Details

Permission Granted to Advertise: Yes

Currently Not Used

Homestead YN: Yes

Location, Tax, and Legal

Tax Account: 2847027
Parcel Number: 28-38-06-75-00003.0-0012.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Year: 2023
Tax Legal Description: LOT 12 BLK 3
Zoning Description: Residential
Directions: From 192 go south to Magnolia Ave. Turn right go to Banyan Way. Turn left, go to Magnolia Ave. Turn turn and continue to property.

Appliances

Dishwasher: Yes
Disposal: Yes
Electric Range: Yes
Refrigerator: Yes

Architectural Style

Contemporary: Yes

Construction Materials

Concrete: Yes

Cooling

Central Air: Yes

Current Use

Residential: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Balcony: Yes
Impact Windows: Yes
Outdoor Kitchen: Yes
Other: Yes

Fencing

Privacy: Yes

Fireplace Features

Electric: Yes

Flooring

Other: Yes

Heating

Central: Yes

Interior Features

Breakfast Bar: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
His and Hers Closets: Yes
Kitchen Island: Yes
Pantry: Yes
Primary Bathroom - Tub with Shower: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Split Bedrooms: Yes
Walk-In Closet(s): Yes

Laundry Features

In Unit: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Other: Yes

Parking Features

Attached: Yes
Garage: Yes
Garage Door Opener: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes
Patio: Yes
Porch: Yes

Pets Allowed

Yes: Yes

Pool Features

In Ground: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

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

View

Other: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes

Property Condition

Under Construction: Yes

Listing Office: Palm Realty Properties, LLC

Last Updated: May - 20 - 2026

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