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$1,100,000

506 Banyan Way

Melbourne Beach, FL
Pending
4
Bedrooms
3.5
Bathrooms
2,877
Square Feet
0.31
Lot Size (acres)
1962
Year Built
83
Days On Market

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, brand new metal and shingle roofs, 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.

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Listing Information

Listing Updated
1 days ago
Listed By
Nathan Doyle · ITG Realty, 3216222701
MLS#
1083910
Source
Space Coast MLS (Space Coast Association of REALTORS)
Status
Pending

Facts & Features

Location

Community Information

Address
506 Banyan Way, Melbourne Beach, FL 32951
City
Melbourne Beach
County
Brevard
Neighborhood
Island Shores of Melbourne Beach
Zip Code
32951

Architecture

Bedrooms
4
Bathrooms
3.5
Stories
1
Year Built
1962
Style
Ranch
Construction Materials
Stucco, Block
Building Area
2,877 sq. ft.
Roof
Metal, Shingle
Levels
One
Garage
Yes
Garage Spaces
2
Parking Features
Attached, Garage Door Opener, Garage

Features & Amenities

Interior Features
Ceiling Fan(s), Walk-In Closet(s), Pantry, Kitchen Island, Breakfast Bar, Open Floorplan, Smart Thermostat, Built-in Features
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Disposal, Wine Cooler, ENERGY STAR Qualified Water Heater, Ice Maker, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator
Flooring
Tile, Vinyl
Exterior Features
Outdoor Shower
Patio and Porch
Covered, Patio, Rear Porch
Cooling
Ceiling Fan(s), Central Air, Electric, Multi Units
Heating
Electric, Heat Pump, Central

Property Features

Lot Size
0.31 Acres
Lot Features
Other, Sprinklers In Front, Sprinklers In Rear
View
Pool
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Zoning
Residential

Square Footage

Total
2,463 sq. ft.

Tax & Financial Information

List Price
$1,100,000
Annual Taxes
$8,579

Schools

75/100
Melbourne Senior High School
High · Grades 09–12 · 3.4 mi
City
Melbourne
Students
2,302
Parent reviews
5.0★ avg · 2 reviews
Student body
73% White · 11% Hispanic / Latino · 7% Black
Free/reduced lunch
30%
Phone
(321) 952-5880
72/100
Gemini Elementary School
Elementary · Grades PK–06 · 1.7 mi
City
Melbourne Beach
Students
426
Parent reviews
5.0★ avg · 4 reviews
Student body
89% White · 7% Hispanic / Latino · 3% Two or More Races
Free/reduced lunch
20%
Phone
(321) 727-3090
67/100
Palm Bay Elementary School
Elementary · Grades PK–06 · 3.7 mi
City
Palm Bay
Students
586
Parent reviews
4.0★ avg · 2 reviews
Student body
41% White · 34% Black · 17% Hispanic / Latino
Free/reduced lunch
74%
Phone
(321) 723-1055
55/100
Stone Magnet Middle School
Middle · Grades 07–08 · 2.5 mi
City
Melbourne
Students
769
Student body
40% White · 29% Black · 20% Hispanic / Latino
Free/reduced lunch
72%
Phone
(321) 723-0741
54/100
Indialantic Elementary School
Elementary · Grades PK–06 · 1.7 mi
City
Indialantic
Students
660
Student body
84% White · 8% Hispanic / Latino · 5% Two or More Races
Free/reduced lunch
22%
Phone
(321) 723-2811
54/100
Palm Bay Magnet Senior High School
High · Grades 08–12 · 3.7 mi
City
Melbourne
Students
1,543
Student body
40% White · 31% Black · 19% Hispanic / Latino
Free/reduced lunch
67%
Phone
(321) 952-5900
51/100
South Area Adult Education-Day Program
Grades AE–AE · 3.5 mi
City
Melbourne
Phone
(321) 952-5977
50/100
Herbert C. Hoover Middle School
Middle · Grades 07–08 · 1.8 mi
City
Indialantic
Students
506
Student body
78% White · 11% Hispanic / Latino · 4% Black
Free/reduced lunch
39%
Phone
(321) 727-1611

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
07/31/2026Listed for sale$1,100,000

Listed by Nathan Doyle · ITG Realty · 3216222701

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Brevard 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. Information deemed reliable but not guaranteed. Copyright © 2026 Brevard MLS. All Rights Reserved.

Last Updated: October 20, 2026 at 1:22 PM | Source: Brevard MLS | MLS#: 1083910

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