Mar y Sol Properties

506 Banyan Way, Melbourne Beach, FL 32951 (MLS# 1083910)


$1,100,000
506 Banyan Way
Melbourne Beach, FL 32951
MLS# 1083910
Status: Pending
4 beds  |  4 baths  |  2877 sqft


506 Banyan Way
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506 Banyan Way IMG_1686 Beautiful Curb Appeal Stunning Pool Deck Huge Pergola Freshly Landscaped Back Yard Enormous Pool Deck Front View

Property Description
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.

Details
Maps
Contract Information
Start Showing Date: 2026-08-07
Current Price: $1,100,000
Original List Price: 1100000
List Price: $1,100,000
Status: Pending
Listing Contract Date: 2026-07-31
Property Sub Type: Single Family Residence
Currently Not Used
Homestead YN: No
Location, Tax, and Legal
Tax Account: 2847012
Parcel Number: 28-38-06-75-00002.0-0013.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 8579.61
Tax Year: 2023
Tax Legal Description: ISLAND SHORES OF MELBOURNE BEACH LOT 13 BLK 2
Zoning Description: Residential
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
General Property Information
Bathrooms Half: 1
Living Area: 2463
Living Area Source: Plans
Building Area Total: 2877
Lot Size Acres: 0.31
Lot Size Dimensions: 120 x 113
Lot Size Square Feet: 13504
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: South
Pool Private YN: Yes
List Price/SqFt: 446.61
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Year Built: 1962
Remarks and Miscellaneous
Public Remarks: 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.
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
ENERGY STAR Qualified Dishwasher: 1
ENERGY STAR Qualified Refrigerator: 1
ENERGY STAR Qualified Water Heater: 1
Ice Maker: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Wine Cooler: 1
Architectural Style
Ranch: 1
Closing Company Details
Closing Company Name: Bella Title (Lee Evans)
Closing Company Address: 6450 N Wickham Rd. Suite 106, Melbourne
Construction Materials
Block: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Multi Units: 1
Current Use
Residential: 1
DPR Eligible
DPR Eligible: No
Electric
200+ Amp Service: 1
Exterior Features
Impact Windows: 1
Outdoor Shower: 1
Fencing
Privacy: 1
Wood: 1
Flooring
Tile: 1
Vinyl: 1
Green Energy Efficient
Appliances: 1
Doors: 1
Water Heater: 1
Windows: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Interior Features
Breakfast Bar: 1
Built-in Features: 1
Ceiling Fan(s): 1
Guest Suite: 1
Jack and Jill Bath: 1
Kitchen Island: 1
Open Floorplan: 1
Pantry: 1
Primary Bathroom - Shower No Tub: 1
Smart Thermostat: 1
Split Bedrooms: 1
Walk-In Closet(s): 1
Laundry Features
Electric Dryer Hookup: 1
In Unit: 1
Washer Hookup: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
USDA Loan: 1
VA Loan: 1
Lot Features
Sprinklers In Front: 1
Sprinklers In Rear: 1
Other: 1
Other Structures
Gazebo: 1
Shed(s): 1
Parking Features
Attached: 1
Garage: 1
Garage Door Opener: 1
Patio And Porch Features
Covered: 1
Patio: 1
Rear Porch: 1
Pets Allowed
Yes: 1
Pool Features
Fenced: 1
In Ground: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Concrete: 1
Paved: 1
Roof
Metal: 1
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Owner Licensed RE: 1
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Pool: 1
Water Source
Public: 1
Showing Requirements
Showing Service: 1
Smart Home Features
Programmable Thermostat: 1
Property Condition
Updated/Remodeled: 1
Location Tax and Legal
Street Number: 506
Street Name: Banyan
Street Suffix: Way
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: Island Shores of Melbourne Beach
Status Change Information
Major Change Timestamp: 2026-08-07T23:59:06Z
Major Change Type: Status Change
Status Change Timestamp: 2026-08-07
Purchase Contract Date: 2026-08-07
Property Features
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
Architectural Style: Ranch
Construction Materials: Block; Stucco
Cooling: Central Air; Multi Units
Current Use: Residential
Electric: 200+ Amp Service
Exterior Features: Impact Windows; Outdoor Shower
Fencing: Privacy; Wood
Flooring: Tile; Vinyl
Green Energy Efficient: Appliances; Doors; Water Heater; Windows
Heating: Central; Electric; Heat Pump
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)
Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan
Lot Features: Sprinklers In Front; Sprinklers In Rear; Other
Other Structures: Gazebo; Shed(s)
Parking Features: Attached; Garage; Garage Door Opener
Patio And Porch Features: Covered; Patio; Rear Porch
Pets Allowed: Yes
Pool Features: Fenced; In Ground
Possession: Close Of Escrow; Negotiable
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Concrete; Paved
Roof: Metal; Shingle
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Showing Service
Smart Home Features: Programmable Thermostat
Special Listing Conditions: Corporate Owned; Owner Licensed RE; Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
View: Pool
Water Source: Public
Supplements
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.

Listing Office: ITG Realty

Last Updated: August - 07 - 2026

Information is deemed to be reliable, but is not guaranteed.