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$1,100,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,463 Sq. Ft.
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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. 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 beautifully resurfaced pool with designer tile, an elegant outdoor shower, lush new sod, and vibrant landscaping. The newly constructed pergola and welcoming front porch are accented with rich cedar tongue-and-groove ceilings, while the expanded paver patio and driveway, new fencing, and spacious .31-acre homesite provide the perfect setting for a relaxing beach vibe. Beyond its beautiful finishes, this home offers the confidence of virtually all-new infrastructure, including the shingle roof in 2019 and metal roofs in 2026, main HVAC system (2020) and new primary bedroom HVAC system (2026), 50-gallon water heater (2026), impact-rated windows, doors, and sliders, updated water lines and plumbing (no cast iron), modern electrical, and a dedicated indoor laundry room complete with washer and dryer. Perfectly positioned in one of Melbourne Beach's most desirable neighborhoods, this exceptional property is completely move-in ready. For buyers seeking a turnkey experience, the brand-new designer furnishings are also available for purchase. This is a rare opportunity to own a meticulously reimagined coastal retreat where luxury, comfort, and modern convenience come together.

Full Property Details for 506 Banyan Way

General

  • Price: $1,100,000
  • Taxes: $8,579 (2023)
  • Status: Pending
  • Type: Single Family
  • Source: BrevardCounty
  • MLS ID: 1083910
  • Updated: 8/7/2026
  • Added to Site: 20 day(s) ago

Interior

  • 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)
  • 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
  • Furnishings: Unfurnished
  • Flooring: Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup

Additional Information

  • Pool: Yes
  • Pool Description: Fenced, In Ground
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Outdoor Shower, Impact Windows
  • Porch/Patio/Deck: Covered, Patio, Rear Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached, Garage, Garage Door Opener

Location

  • Area: 384-Indialantic/Melbourne Beach
  • County: Brevard
  • Subdivision: Island Shores of Melbourne Beach
  • Driving 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
  • Direction Faces: South

School Information

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

Community

  • Pets Allowed: Yes
  • Pet Restrictions: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric, Multi Units
  • Heating Type: Central, Electric, Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Architectural Style: Ranch
  • Exterior Const.: Block, Stucco
  • Roof: Metal, Shingle
  • Stories/Levels: 1
  • Square Feet: 2,463
  • Living Area: 2,463 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1962
  • Property Condition: Updated/Remodeled

Additional Structures

  • Other Structures: Gazebo, Shed(s)

Lot Features

  • Property View: Pool
  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,504
  • Lot Dimensions: 120 x 113
  • Frontage: City Street
  • Street/Road Desc.: Concrete, Paved
  • Lot Features: Sprinklers In Front, Sprinklers In Rear, Other
  • Fencing (Description): Privacy, Wood

Green Features

  • Energy Efficient: Appliances, Doors, Water Heater, Windows

Financial Considerations

  • Price Per Sq. Ft.: $446.61
  • Tax Amount: $8,579.61
  • Tax Year: 2023
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Special Conditions: Corporate Owned, Owner Licensed RE, Standard
  • Property ID: 28-38-06-75-00002.0-0013.00

Listed by ITG Realty

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Listing agent

— 506 Banyan Way —

  • ITG Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 Banyan Way

School District:Brevard County School District
NameGradesDistance
Gemini Elementary School
2100 Oak Street, Melbourne Beach, FL 32951
K-61.7 mi
Herbert C. Hoover Middle School
2000 Hawk Haven Drive, Indialantic, FL 32903
7-81.8 mi
Melbourne Senior High School
74 Bulldog Boulevard, Melbourne, FL 32901
9-123.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 Banyan Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/07/2026
Listed
$1,100,000
144.44%
MLS
12/01/2025
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 Banyan Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,580
329%
$562,530
241%
2024
$2,000
3%
$165,110
3%
2023
$1,943
1%
$160,310
6%
2021
$1,923
2%
$151,120
-3%
2022
$1,879
-2%
$155,650
4%
2021
$1,923
2%
$149,040
2%
2019
$1,888
1%
$145,690
2%
2018
$1,870
1%
$142,980
1%
2017
$1,857
-3%
$140,960
2%
2016
$1,905
-1%
$138,750
1%
2015
$1,934
—
$137,790
1%
2014
$1,936
-1%
$136,700
1%
2013
$1,948
—
$134,680
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by ITG Realty

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506 Banyan Way, Melbourne Beach, FL 32951 (MLS# 1083910) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 506 Banyan Way is currently listed for $1,100,000 and was received on August 07, 2026. Want to learn more about 506 Banyan Way? Do you have questions about finding other Single Family real estate for sale in Melbourne Beach? You can browse all Melbourne Beach real estate or contact a Coldwell Banker agent to request more information.

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