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For SaleSingle Family Home
$1.1M
506 Banyan Way, Melbourne Beach, FL 32951
Melbourne Beach neighborhood
Subdivision: Island Shores of Melbourne Beach
4
Bedrooms
4
Bathrooms
2,463
Sq Ft
1962
Year Built
$447 /sqft

About This Property

Description from listing agent

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.

Space Coast Context

🚀 Launch Viewing — Good Views

33.5 mi from SLC-40

33.5 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris4.4 mi~10 min
Northrop5.1 mi~11 min
Blue Origin27.2 mi~1h 1m
Lockheed28.6 mi~1h 4m
SpaceX28.7 mi~1h 4m
Boeing/KSC31 mi~1h 9m
KSC31.7 mi~1h 11m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 7/31/26
    Listed
    $1.1M
    $447/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.31 acres (13,504 sqft)
Full Baths
3
Half Baths
1
Garage
2 car (attached)
Pool
Yes
Days on Market
5
MLS Area
384 - Indialantic/Melbourne Beach

Schools

Elementary

Gemini

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Sep 4, 2026
Parcel #
28-38-06-75-00002.0-0013.00
$1.1M

Listing Agent (for property info)

N
Nathan Doyle
ITG Realty
321-695-4175
Call Listing Agent

Estimated Monthly Payment

$7,046/mo
Principal & interest
$5,796
Property taxes
$1,100
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $1.1M price — down payment shown: $220,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1083910

What's Nearby

fire stations
Melbourne Beach Volunteer Fire Department Station 58
0.7 mi away
shopping
Beach Stop
0.7 mi away
restaurants
Nini’s Cuban Cuisine
0.9 mi away
coffee shops
Nini’s Cuban Cuisine
0.9 mi away
restaurants
Around the World Café
1.0 mi away
coffee shops
Around the World Café
1.0 mi away
restaurants
Beach Side Café
1.0 mi away
coffee shops
Beach Side Café
1.0 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083910 · Listing Broker: ITG Realty · 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.