508 Magnolia Ave, Melbourne Beach, FL, 32951
About This Home
This stunning, custom home is currently nearly completed. Built to exceed Miami-Dade standards, with poured 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 delight, 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 room and 2 decks one is a 550 sq/ft covered deck, the other is a 600sq/ft open deck. Agent must accompany.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Under Construction
- New construction: Yes
- Year built: 2025
Materials
- Roof: Metal
- Construction materials: Concrete
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Electric Range,Refrigerator
- Laundry features: In Unit
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
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)
- Flooring: Other
- Fireplace features: Electric
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 5,384
- Total interior livable area: 3,450 sqft
Property
Details
- Parcel number: 2838067500003.00012.00
- Zoning description: Residential
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: In Ground
- Patio & porch: Covered,Deck,Patio,Porch
- Exterior features: Balcony,Outdoor Kitchen,Other,Impact Windows
- Fencing: Privacy
- Has view: Yes
- View description: Other
Lot
- Lot size: 0.30 Acres
- Features: Other
Parking
- Total spaces: 3
- Parking features: Attached,Garage,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Brevard County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,343 | $100,116 |
| Home Insurance * | $2,561 | $30,732 |
| Property Taxes | $2,108 | $25,296 |
| Electricity | $347 | $4,166 |
| Total | $13,359 | $160,308 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-12 | Listed for sale | $1,800,000 |
| 2025-10-26 | Listing removed | $1,500,000 |
| 2025-10-22 | Contingent | $1,500,000 |
| 2025-09-09 | Listed for sale | $1,500,000 |
| 2014-09-12 | Sold | $278,000 |
| 2013-12-19 | Listed for sale | $299,000 |
| 2013-08-03 | Listing removed | $299,000 |
| 2013-07-04 | Pending sale | $299,000 |
| 2013-06-05 | Price change | $299,000 |
| 2013-04-16 | Listed for sale | $305,000 |
| 2012-10-06 | Listing removed | $299,000 |
| 2012-08-28 | Price change | $299,000 |
| 2012-08-24 | Listed for sale | $314,900 |
| 2010-06-10 | Sold | $47,000 |
| 1998-07-24 | Sold | $137,500 |
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