702 Oak Street , Melbourne Beach, FL 32951

$920,000

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Property Description

Located just 1.5 blocks to the ocean and 3 blocks to Ocean Avenue, this property is situated in an ideal location and boasts a .59 acre homesite. The options include maintaining it as an Income-producing property with tenants already in place--start generating returns from day one. Option two, live in one unit and rent the other (tenants are month to month). Option 3, the highest use, build a true custom home on a hard to find .59 acre lot! Currently, there is a 3-bedroom, 2-bath home offering approximately 1,552 square feet of living space and additionally a 1 bedroom cottage. The property presents strong upside potential for investors looking to enhance value over time, whether as a long-term rental or future renovation project. This home is Being sold as-is. Tenant occupied. Showings by appointment only.

702 Oak Street | MLS# 1075526

This multi-family property located at 702 Oak Street , Melbourne Beach, FL 32951 is currently listed for sale with an asking price of $920,000. Search Melbourne Beach real estate on timhack.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 2
Heating: Electric
Lot Size: 0.59 Acres
Roof Type: Shingle
Year Built: 1950
Square Feet: 2,212

Feature Descriptions

Common Amenities: Beach Access
Days on Site: 23
Equipment/ Appliances Features: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Exterior: Concrete, Stucco
Flooring: Tile, Vinyl
Lot: Corner Lot
Parking Notes: Garage
Sewer: Public Sewer
Utility Features: Electricity Available, Sewer Available, Water Available
Water: Public

Local Schools

High School: Melbourne
Middle School: Hoover
Elementary School: Gemini

Listed By / Shown By

Listed By

Agency Name: Golden Group Realty LLC
Agency Phone: 407-990-5905

Shown By

Agent Name: Tim Hack
Agent Phone: (386) 740-5945
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 4,833.57 per month $4,565.24 Principal & Interest $0.00 Property Tax (data not provided by mls) $268.33 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/17/2026. The listing information on this page last changed on 05/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 05/17/2026 1:15:12 AM EST) or GAMLS (last updated Sat 05/16/2026 11:15:18 PM EST) or Stellar MLS (last updated Sun 05/17/2026 12:58:46 AM EST) or SPC MLS (last updated Sat 05/16/2026 11:21:17 PM EST) or Martin MLS (last updated Sat 05/16/2026 11:38:08 PM EST) or Indian River MLS (last updated Sat 05/16/2026 11:30:14 PM EST) or Daytona MLS (last updated Sat 05/16/2026 11:36:49 PM EST) or Northeast Florida MLS (last updated Sun 05/17/2026 12:18:55 AM EST) or Beaches MLS (last updated Sun 05/17/2026 1:09:17 AM EST) or BORMLS (last updated Sat 05/16/2026 11:15:38 PM EST) or Golden Isles MLS (last updated Sat 05/16/2026 11:26:32 PM EST) or Amelia/Nassau MLS (last updated Sat 05/16/2026 11:25:11 PM EST) or Dixie Gilchrist Levy MLS (last updated Sat 05/16/2026 11:42:16 PM EST) or NFLMLS (last updated Sat 05/16/2026 9:05:27 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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