1490 Marie Street, Malabar, FL 32950
$1,000,000
Property Type:
Commercial Sale
Square Footage:
8,716
Lot Size (sq. ft.):
104,544
Status:
Closed
Current Price:
$1,000,000
List Date:
1/19/2021
Last Modified:
6/27/2026
Overview
Description
Supplements:
Listing Details MLS# 891821
General Property Information
- Number Of Units Total
- Yes
- Stories Total
- 2
- Building Area Total
- 8716
- Year Built
- 1927
- Lot Size Acres
- 2.4
- Property Use
- C-MIXED USE - COMMERCIAL PROPERTY (1210)
- Use Code
- 12 / COMMERCIAL, MIXED USE
- Association YN
- No
- Water Body Access YN
- No
- List Price/SqFt
- 126.2
- Sold Price/SqFt
- 114.73
Property Features
Construction Materials:
Concrete; Stucco
Cooling:
Central Building
Current Use:
Commercial
Electric:
100 Amp Service; 220 Volts
Flooring:
Wood
Heating:
Central; Electric
Possession:
Close Of Escrow
Roof:
Tar/Gravel
Sale Includes:
Building & Land
Security Features:
Smoke Detector(s)
Sewer:
Septic Tank
Special Listing Conditions:
Owner Licensed RE
Utilities:
Cable Available
Water Source:
Well
Contract Information
- Original List Price
- 1150000
- Listing Contract Date
- 2020-12-07
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 1490
- Street Name
- Marie
- Street Suffix
- Street
- County
- Brevard
- State
- FL
- Postal Code
- 32950
- MLS Area Major
- 342 - Malabar/Grant-Valkaria
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Originally built as a school in 1927, this historic property has been used for many purposes over the years. Currently a luxury wedding/event venue known as Banyan Estate. The 2.4 acres of majestic grounds encourage visitors to explore the surrounding 350+ acres of preservation land and trails. This fully renovated property features classical architecture & eclectic spaces both indoor & outdoor that balance the vintage elements with modern conveniences. Stunning chandeliers, handcrafted floors, restored vintage floor to ceiling windows, and sweeping scenic views all reflect the property's elegant beauty. The graceful charm throughout sets the tone for endless possibilities. A perfect backdrop ready to continue on as a venue or be converted to residential, office space, retail or mixed use.
Status Change Information
- Major Change Timestamp
- 2023-11-11T09:37:07Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2021-02-01T21:40:29Z
- Status Change Timestamp
- 2021-04-05
- Purchase Contract Date
- 2021-02-05
- Close Date
- 2021-04-01
- Close Price
- 1000000
More Information
Historical Information
- Public Historical Remarks 3
- Utilities-3-Phase Electric: Y
Listing Office:
Pastermack Real Estate
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.