506 Banyan Way, Melbourne Beach, FL 32951

$1,100,000

26 Photos

Property Description

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, 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 Beachs 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.

506 Banyan Way | MLS# 1083910

This single family home located at 506 Banyan Way, Melbourne Beach, FL 32951 is currently listed for sale with an asking price of $1,100,000. This property was built in 1962 and has 4 bedrooms and 3 full and 1 partial baths with 2877 sq. ft. Banyan Way is located in the Island Shores of Melbourne Beach subdivision. Search Island Shores Of Melbourne Beach real estate on www.signwithsanford.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Electric, Multi Units
Fenced: Yes
Garage: 2 car attached
Heating: Central, Electric, Heat Pump
Home Style: Ranch
Lot Size: 0.31 Acres
Roof Type: Metal, Shingle
Stories: 1.0
Year Built: 1962
Square Feet: 2,877

Amenities

Breakfast Bar
Built-in Features
Ceiling Fan(s)
Guest Suite
Jack and Jill Bath
Kitchen Island
Open Floorplan
Pantry
Primary Bathroom - Shower No Tub
Smart Thermostat
Split Bedrooms
Walk-In Closet(s)
Outdoor Shower
Impact Windows

Feature Descriptions

Days on Site: 28
Equipment/ Appliances Features: Dishwasher, Disposal, Dryer, Electric Range, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Ice Maker, Microwave, Refrigerator, Washer, Wine Cooler
Exterior: Block, Stucco
Flooring: Tile, Vinyl
Lot: Sprinklers In Front, Sprinklers In Rear, Other
Lot Dimensions: 120 x 113
Parking Notes: Attached, Garage, Garage Door Opener
Pool Features: Fenced, In Ground
Road Surface: Concrete, Paved
Security/ Safety Features: Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Pool
Swimming Pool: Yes
Utility Features: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Melbourne
Middle School: Hoover
Elementary School: Gemini

Listed By / Shown By

Listed By

Agency Name: ITG Realty
Agency Phone: 321-622-2701

Shown By

Agent Name: The Sanford Group
Agent Phone: Cell: (904) 868-9651
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 5,865.68 per month $5,544.85 Principal & Interest $0.00 Property Tax (data not provided by mls) $320.83 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/05/2026. The listing information on this page last changed on 09/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 09/05/2026 12:00:11 AM EST) or GAMLS (last updated Fri 09/04/2026 11:15:09 PM EST) or Stellar MLS (last updated Fri 09/04/2026 11:55:00 PM EST) or SPC MLS (last updated Fri 09/04/2026 11:20:32 PM EST) or Martin MLS (last updated Fri 09/04/2026 11:38:28 PM EST) or Indian River MLS (last updated Fri 09/04/2026 11:30:08 PM EST) or Daytona MLS (last updated Fri 09/04/2026 11:36:49 PM EST) or Northeast Florida MLS (last updated Fri 09/04/2026 11:58:54 PM EST) or Beaches MLS (last updated Fri 09/04/2026 11:56:37 PM EST) or BORMLS (last updated Fri 09/04/2026 11:17:23 PM EST) or Scout MLS (Golden Isles) (last updated Fri 09/04/2026 7:06:14 AM EST) or Amelia/Nassau MLS (last updated Fri 09/04/2026 11:25:15 PM EST) or Dixie Gilchrist Levy MLS (last updated Fri 09/04/2026 11:42:18 PM EST) or NFLMLS (last updated Fri 09/04/2026 9:05:58 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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