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PRICE DROP!!! - 508 Magnolia Ave, Melbourne Beach, FL 32951

By
Real Estate Broker/Owner with Palm Realty BK3273458

Palm RealtyI am pleased to announce that we have further reduced the price of this soon to be completed, amazing fully custom home in Melbourne Beach. This beautiful family home is tucked away on a quiet street and is now listed for $1,650,000 and features the following...

5 bedrooms      KERRY KLUN
4 baths 
2 Stories 
.3 acre lot
3450 square feet
3 car attached garage
Hurricane windows and doors 
Gourmet updated kitchen with 4X8 center island
Massive walk in pantry with coffee bar
Large inground pool 
Covered 550 sq/ft upper deck
600 sq/ft sun deck
Outdoor kitchen on the pool deck
Poured Concrete walls
Amazing R50 rating which exceeds Miami Dade Building Requirements 
Conforms with Saving our Indian River lagoon requirements with swales for heavy rainfall to protect the property and landscaping
No HOA 

Located in the highly sought-after SOFA (South of Fifth Avenue) area of Melbourne Beach, this brand new, custom home is a rare find. Currently in the finishing phase, this five-bedroom, four-bath two-story residence offers an incredible opportunity to live stress free without the fear of hurricanes. This home not going anywhere! The home itself offers 3,450 square feet and sits on a spacious .3 acre lot, with an oversized in-ground pool.

Inside, elegance awaits with 20-foot vaulted ceilings in the main living area and 10-foot ceilings throughout the rest of the home. The luxurious master suite includes a five-piece ensuite bath, two custom walk-in closets, and double French doors that lead directly to the pool area. This home also features a dedicated bonus game TV room area upstairs, perfect for entertaining.

Outdoor living is a dream with two second-floor decks: a 550+ square foot covered deck, and a separate 600 square foot sun deck.

Call me at 321-626-5868, I would be more than happy to set up your private showing. When you are looking to purchase your new home or sell the one that you have, let my 35 years of experience as a full time real estate broker work for you! Call me at 321-626-5868, I would be honored to help you too! 

Posted by

Kerry

 If You have any questions about homes on the Space Coast, please contact me at  321-626-5968.  You can also visit us on the web at:

www.PalmRealty.com

Posted By: Kerry Klun - 321-626-5868
kerry@Palmrealty.com

Palm Realty

             

Comments(4)

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George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Kerry L Klun, Owner - Palm Realty I hope the price adjustment motivates Buyers to call you on this property.

Jul 15, 2026 10:15 AM
Ed Silva, 203-206-0754
203-206-0754 - Waterbury, CT
Retired Real Estate Broker

Congratulations on getting the listing on that very special property. 

Hopefully, with the price improvement it should get some attention from an astute buyer.

Jul 15, 2026 04:46 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

It’s a beautiful property! Congratulations on this listing. Wishing you more success! Have a super fantastic week!

Joe Jackson, Realtor-KWCP

Jul 16, 2026 08:16 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Looks like a wonderful home with plenty to offer to a lucky buyer Kerry. Hope the recent price drop results in a sale soon.

 

Jul 28, 2026 10:08 AM