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$429,000
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Property Description
:Recently remodeled 1934 cottage in Melbourne's Eau Gallie Arts District! This charming 2BR/1BA home offers 916 sq. ft. of light-filled living with high ceilings and vintage character. Central A/C. Metal roof. Wood flooring. Kitchen and bathroom were recently renovated. Enjoy a private front yard, spacious back deck, and detached shed with potential for workshop or guest suite. Walk to breweries, shops, art galleries, and the library. Just 1 minute to the Indian River and 5 minutes to the beach. Perfect as a primary home or short-term rental, 703 Shady Lane combines location, lifestyle, and investment potential in one rare find!
Full Property Details
Full Property Details for 703 Shady Ln
General
- Price: $429,000
- Taxes: $5,002 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: O6371273
- Updated: 1/6/2026
- Added to Site: 10 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 4
- Interior Features: Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Non Wood Burning
- Appliances: Dryer, Microwave, Range, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Storage
Location
- Area: 32935 - Melbourne
- County: Brevard
- Development Name: 32935 - Melbourne
- Subdivision: CREELS SUB
- Driving Directions: GOOGLE MAPS
- Direction Faces: North
Community
- Community Name: 32935 - Melbourne
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: None
- Water: Public
- Utility Description: Electricity Connected, Phone Available, Public, Water Connected
Structural Information
- Exterior Const.: Wood Frame
- Roof: Metal
- Stories/Levels: One
- Square Feet: 916
- Sq. Ft. Source: Appraiser
- Year Built: 1934
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Size: 4356
- Lot Dimensions: 50 x 89
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $5,002.49
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: CREELS S/D OF LOT 26 HOUSTONS ADD TO EAU GALLIE LOT 29
- Flood Zone Info: X
- APN: 27 372106*29
- Property ID: 27 372106*29
Listed by Landmark Investments & Real Estate
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Schools
Schools serving 703 Shady Ln
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Eau Gallie High School 1400 Commodore Boulevard, Melbourne, FL 32935 | 9-12 | 1.2 mi |
Dr. W.J. Creel Elementary School 2000 Glenwood Drive, Melbourne, FL 32935 | PK-6 | 1.3 mi |
Lyndon B. Johnson Middle School 2155 Croton Road, Melbourne, FL 32935 | 7-8 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 703 Shady Ln
Date
Details
Price
Change
Source
1/06/2026
Listed
$429,000
26.18%
MLS
1/04/2023
Sold
$340,000
—
Public Record
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
Tax History for 703 Shady Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,886
-5%
$276,400
-5%
2024
$5,146
3%
$291,940
5%
2023
$4,985
209%
$279,280
122%
2021
$1,611
—
$125,690
-3%
2022
$1,603
—
$129,460
4%
2021
$1,611
6%
$123,960
5%
2019
$1,526
1%
$117,630
2%
2018
$1,516
-33%
$115,440
6%
2017
$2,249
10%
$108,710
17%
2016
$2,041
1%
$92,930
4%
2015
$2,016
7%
$89,180
8%
2014
$1,891
7%
$82,850
10%
2013
$1,768
—
$75,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 703 Shady Ln
703 Shady Lane, Melbourne, FL 32935 (MLS# O6371273) is a Single Family property with 2 bedrooms and 1 full bathroom. 703 Shady Lane is currently listed for $429,000 and was received on January 06, 2026. Want to learn more about 703 Shady Lane? Do you have questions about finding other Single Family real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

