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$5,500,000

Beds
5
Baths
4.5
sq ft
3,692

5795 S Highway A1a, Melbourne Beach, FL 32951

5795 S Highway A1a

Melbourne Beach, FL 32951

  • 180 days on market
    • Price drop $200,000↓
OCEANFRONT, LUXURY, PRIME LOCATION, 5 bedroom/4.5 bathroom Single Family House, on a large .82 ACRE PROPERTY, (400 feet deep and 100 feet wide of water frontage). MOVE IN READY, NO HOA, SHORT TERM RENTALS ALLOWED! Enjoy panoramic ocean views in this home which includes impact windows and sliders providing natural light throughout, a large composite balcony and beach crossover with a large seating area, additional 2nd floor balcony to enjoy beautiful sunsets, a 2 car garage with tile flooring, and an extended driveway that allows for ample parking. Great for hosting and entertaining! Room for RV/Boat parking. 1st floor features: Foyer, Living Room, 4 Bedrooms- 2 with Private Bathrooms, 1 guest full bathroom, Laundry Room & Storage Room. 2nd floor features: Ocean facing Patio Deck attached to Primary Bedroom Suite (with separate shower and tub, and dual vanities), Living area and Kitchen with granite countertops, walk-in Pantry, Dining Area, half bath, and 2nd laundry room. This property is a 5 minute drive to the nearby boat ramp with close ocean boating access to the Sebastian Inlet. Close to two 18 hole golf courses, Publix, restaurants, Vero Beach, upscale shopping, the airports, the space center, Port Canaveral, Cocoa Beach, Disney World, and other world class attractions. Also Nearby are tennis Courts, a Community Center with basketball courts, pickleball, disc golf course, hiking trails, and more. Don't miss this opportunity to own your own beachfront/oceanfront DREAM HOME.

Details

Property type

Single Family Residence

Est. home value

$2,421,320

Property condition

Updated/Remodeled

Lot size

0.82 acres

Price per sq ft

$1,490

Year built

1996

Annual property taxes

$25,072.5

Price History

07/03/2024
BrevardMLS

BrevardMLS #1010411

Price change
$5,500,000
-3.51%
04/09/2024
BrevardMLS

BrevardMLS #1010411

Listed
$5,700,000
+122.66%
09/27/2021
BrevardMLS

BrevardMLS #907937

Sold
$2,560,000

Schools & Community

Elementary school: 

Gemini

Middle school: 

Hoover

High school: 

Melbourne

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$3,191,764
Asking price
$5,500,000
Closing costs (~8% of asking)
-$440,000
Est. remaining loan balance
-$1,868,236
Cash to seller
$3,191,764

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Synovus Bank

Loan start date

September 2021

Original loan amount

$2,000,000

Est. remaining balance

$1,868,236

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Racso Gustavo and Amparo Viviana Olivares De Bartra

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/06/2024 at 5:30 PM

Listing updated: 09/11/2024 at 2:40 PM

Listed by: David Andai, Compass Florida LLC Phone #: (321) 327-4503

MLS: BrevardMLS #1010411

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