508 Magnolia Avenue, Melbourne Beach, FL 32951

$1,650,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 5,384 Lot Size (sq. ft.): 13,068 Status: Active

Current Price: $1,650,000 List Date: 7/01/2026 Last Modified: 8/27/2026

Overview

Description

This stunning, custom home is currently nearing completion. Built to exceed Miami-Dade standards, with poured (ICF) 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.

Listing Details MLS# 1061943

General Property Information

Bedrooms Total: 5
Bathrooms Total: 4
Accessory Dwelling Unit Y/N: No
Bathrooms Full: 3
Bathrooms Half: Yes
Living Area: 3450
Living Area Source: Owner
Building Area Total: 5384
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-04-30
Year Built: 2025
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Land Lease YN: No
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Direction Faces: South
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 478.26

Property Features

Appliances: Dishwasher; Disposal; Electric Range; Refrigerator Architectural Style: Contemporary Construction Materials: Concrete Cooling: Central Air Current Use: Residential Electric: 200+ Amp Service Exterior Features: Balcony; Impact Windows; Outdoor Kitchen; Other Fencing: Privacy Fireplace Features: Electric Flooring: Other Heating: Central Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; His and Hers Closets; Kitchen Island; Pantry; Primary Bathroom - Tub with Shower; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Laundry Features: In Unit Levels: Two Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Attached; Garage; Garage Door Opener Patio And Porch Features: Covered; Deck; Patio; Porch Pets Allowed: Yes Pool Features: In Ground Possession: Close Of Escrow Property Condition: Under Construction Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Metal Sewer: Public Sewer Showing Requirements: Appointment Only Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected View: Other Water Source: Public

Contract Information

Original List Price: 1800000
Listing Contract Date: 2025-11-12
Start Showing Date: 2025-11-13
Property Sub Type: Single Family Residence
Comp Sale YN: No

Location Tax and Legal

Street Number: 508
Street Name: Magnolia
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384 - Indialantic/Melbourne Beach
Subdivision Name: Island Shores of Melbourne Beach

Remarks and Miscellaneous

Public Remarks: This stunning, custom home is currently nearing completion. Built to exceed Miami-Dade standards, with poured (ICF) 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.

Status Change Information

Major Change Timestamp: 2026-07-15T15:34:27Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-15T15:34:27Z
Status Change Timestamp: 2026-07-01

More Information

Closing Company Details

Closing Company Name: Closed Title - Amy Prvulov - 321-413-6200
Closing Company Address: 5445 Murrell Rd., Suite 104, Viera, FL

DPR Eligible

DPR Eligible: No

Legal Details

Permission Granted to Advertise: Yes

Listing Office: Palm Realty Properties, LLC

Last Updated: August - 27 - 2026

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