$1,700,000
508 Magnolia Avenue, Melbourne Beach, Fl 32951
Melbourne Beach, FL 32951
Listing updated: June 20, 2026 at 1:31 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Garage spaces
About this home
This stunning, custom home is currently nearly completion. 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 dream, 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/TV room and 2 decks one is a 550 sq/ft covered deck, the other is a 600sq/ft open deck. Agent must accompany.
Local Insight
At $1.7M for a brand-new 2025 build on a modest 0.3-acre lot, you're paying a premium for newness and the Melbourne Beach lifestyle rather than land or square footage—the $493/sqft is reasonable for the market but this property's real value hinges on how much you want the quiet, conservation-minded beach community vibe versus raw oceanfront footage or space. The private pool and 3-car garage are solid amenities for a new build, but the lack of HOA combined with no setback restrictions means you'll want to inspect what your actual privacy looks like relative to neighbors on this tight barrier island where most lots are similarly compact. This is a move for buyers seeking authentic beach living with loggerhead nesting habitat as your backyard buffer—not investment upside or turnkey rental potential.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history
- Price reduced$1,700,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Subdivision
- Island Shores Of Melbourne Beach
- County
- Brevard
- Year built
- 2025
- Living area
- 3,450 sq ft
- Price/sq ft
- $493
- Building area
- 5,384 sq ft
- Lot size
- 13,068 sq ft
- Garage
- 3 spaces
- Pool
- Private pool
- MLS #
- 1061943
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 3
- Half bathrooms
- 1
Parking
- Garage spaces
- 3
Exterior & Construction
- Pool
- Private pool
Listing Details
- Original list price
- $1,800,000
Location
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of June 20, 2026 at 1:31 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
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