506 Banyan Way

Off Market

506 Banyan Way

Melbourne Beach FL 32951

2877 sq. ft.

13504 sq. ft.

Single-Family

Last sold for $1,095,000

Nathan Doyle, last sold this property on 23 October 2026 after 76 days on market.

Overview

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.

Features

4 bedrooms

4 bathrooms

2 carspaces

2 garage spaces

2877 sq. ft. floor area

13504 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Melbourne Beach over the last 12 months, the estimated median property value of 506 Banyan Way is $892.5k.

Median value

$892.5k

Estimated value range

$520k - $3.67m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Melbourne Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 506 Banyan Way

2026

Sold

$1,095,000

23 Oct 2026 by Nathan Doyle, of ITG REALTY

Happy sellers in Melbourne Beach

73%

73% of sellers in Melbourne Beach reported that their sale price either exceeded or met their price expectations.

Melbourne Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in Melbourne Beach over the last 12 months.

Local market activity for 4 bedroom single-family properties in Melbourne Beach

In the last 12 months, 61 four-bedroom single-family properties similar to 506 Banyan Way, have been sold.

This represents a 10% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Melbourne Beach for a market analysis.

Laura Dowling Roy

(43 reviews)

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Eric S Van Dam PA

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Sarah Munkacsy

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Richard Eble

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4.9

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne Beach

Laura Dowling Roy

Laura Dowling Roy is an award winning recommended agent for Melbourne Beach. They have 28 local sales and collected 7 local reviews across the last 12 months.

5 (43 reviews)
7 Reviews in Melbourne Beach
28 Sales in Melbourne Beach

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Eric S Van Dam PA

Sellers who recommend Eric S Van Dam PA have praised them for being local expert, responsive, clear communication, honest, detail-oriented, reliable, and supportive