520-522 Lee Avenue, Satellite Beach, FL 32937 (MLS# 1041780)

520-522 Lee Avenue, Satellite Beach, FL 32937

$715,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1041780

Property Type: Residential Income Bedrooms: 5 Baths: 6 Square Footage: 3,549 Lot Size (sq. ft.): 10,454 Status: Closed

Current Price: $715,000 List Date: 8/26/2025 Last Modified: 4/23/2026

Overview

Description

Turnkey duplex in the heart of Satellite Beach, fully renovated (2019-2020) and well-maintained—perfect for investors seeking strong rental potential. Both units feature open floor plans, tile and LVP flooring, updated kitchens with granite countertops, and modernized bathrooms. Each unit has their own private one-car garage and screened-in lanai. Key updates include roof replacement & Square D electric panels in 2019 and additional blown-in insulation to 10in deep in both attics in 2023. Both units have PVC plumbing, copper wiring, and have a shared irrigation system on well water (sprinklers tuned up 2022). 520 Lee features a 2020 AC, 2015 Air Handler, 2019 Water Heater, and 2022 Washer/Dryer. 522 Lee boasts a 2022 AC & Air Handler, 2023 Complete Duct Replacement, and 2024 Water Heater. Located just ¾ mile from public beaches and ½ mile from top-rated Brevard County schools. No HOA! A low-maintenance, high-demand investment opportunity in one of the most desirable coastal locations!

Listing Details MLS# 1041780

General Property Information

Number Of Buildings: Yes
Number Of Units Total: 2
Bedrooms Total: 5
Bathrooms Total: 6
Bathrooms Full: 6
Living Area: 2585
Living Area Source: Assessor
Building Area Total: 3549
New Construction YN: No
Year Built: 1998
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.24
Lot Size Square Feet: 10454
Association YN: No
CDD Fee YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: Yes
Stories: Yes
Entry Level: Yes
Direction Faces: South
Pool Private YN: No
Senior Community YN: No
List Price/SqFt: 280.46
Sold Price/SqFt: 276.6
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric; Multi Units Current Use: Investment; Multi-Family; Residential Exterior Features: Courtyard Fencing: Full; Wrought Iron Financial Data Source: Property Manager Flooring: Tile; Vinyl Heating: Central; Electric Income Includes: Rent Only Laundry Features: Electric Dryer Hookup; In Garage; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Sprinklers In Front; Sprinklers In Rear Parking Features: Attached; Garage; Garage Door Opener Possession: Close Of Escrow Road Frontage Type: City Street Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Owner Licensed RE; Standard Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Considerations: Occupied Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Original List Price: 735000
Listing Contract Date: 2025-03-31
Start Showing Date: 2025-04-11
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 520-522
Street Name: Lee
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: Eau Gallie Shores

Remarks and Miscellaneous

Public Remarks: Turnkey duplex in the heart of Satellite Beach, fully renovated (2019-2020) and well-maintained—perfect for investors seeking strong rental potential. Both units feature open floor plans, tile and LVP flooring, updated kitchens with granite countertops, and modernized bathrooms. Each unit has their own private one-car garage and screened-in lanai. Key updates include roof replacement & Square D electric panels in 2019 and additional blown-in insulation to 10in deep in both attics in 2023. Both units have PVC plumbing, copper wiring, and have a shared irrigation system on well water (sprinklers tuned up 2022). 520 Lee features a 2020 AC, 2015 Air Handler, 2019 Water Heater, and 2022 Washer/Dryer. 522 Lee boasts a 2022 AC & Air Handler, 2023 Complete Duct Replacement, and 2024 Water Heater. Located just ¾ mile from public beaches and ½ mile from top-rated Brevard County schools. No HOA! A low-maintenance, high-demand investment opportunity in one of the most desirable coastal locations!

Status Change Information

Major Change Timestamp: 2025-11-01T02:34:53Z
Major Change Type: Status Change
Price Change Timestamp: 2025-06-12T11:39:55Z
Status Change Timestamp: 2025-10-31
Purchase Contract Date: 2025-09-16
Close Date: 2025-10-31
Close Price: 715000

More Information

Closing Company Details

Closing Company Name: Countdown Title, (321) 359-8246, orders@countdowntitle.com
Closing Company Address: 816 Adger Smith Lane, Melbourne, FL 32935

DPR Eligible

DPR Eligible: Yes

Income and Expenses

Gross Income: 56400
Net Operating Income: 42742
Operating Expense: 13658

Unit 1 Details

Unit ID: 520
Actual Rent: 2100
Unit SqFt: 1110
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Tenant occupied, lease expires 12/31/2025

Unit 2 Details

Unit ID: 522
Actual Rent: 2600
Unit SqFt: 1475
Full Baths Total: 4
Furnished: Unfurnished
Unit Remarks: Tenant occupied, lease expires 06/30/2026

Location, Tax, and Legal

Tax Account: 2620211
Parcel Number: 26-37-35-02-00020.0-0022.00
General County Location: South
Elementary School: Holland
Middle School: DeLaura
High School: Satellite
Tax Annual Amount: 8946.27
Tax Year: 2024
Tax Legal Description: EAU GALLIE SHORES LOTS 22 & 23 BLK 20
Directions: From Pineda, go South on S Patrick Dr. Turn East on Lee Ave. Duplex will be on the left/north side right before the stop sign.

Appliances

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

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes
Multi Units: Yes

Current Use

Investment: Yes
Multi-Family: Yes
Residential: Yes

Exterior Features

Courtyard: Yes

Fencing

Full: Yes
Wrought Iron: Yes

Flooring

Tile: Yes
Vinyl: Yes

Heating

Central: Yes
Electric: Yes

Laundry Features

Electric 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

Sprinklers In Front: Yes
Sprinklers In Rear: Yes

Parking Features

Attached: Yes
Garage: Yes
Garage Door Opener: Yes

Possession

Close Of Escrow: Yes

Financial Data Source

Property Manager: Yes

Income Includes

Rent Only: Yes

Road Frontage Type

City Street: Yes

Roof

Shingle: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Owner Licensed RE: Yes
Standard: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes

Showing Considerations

Occupied: Yes

Listing Office: Keller Williams Realty Brevard

Last Updated: April - 23 - 2026

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