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    Property profile & analytics

    514 Ocean Ave Melbourne Beach, FL 32951-2548

    • Bed & breakfasts
    • 2,012 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 26, 2024
    $1,900,000
    Location Intelligence
    Property ID
    US18-0632541
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bed & breakfasts

    Property Details for 514 Ocean Ave

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    2,012 SF
    Zone code
    8B
    Property type
    Bed & breakfasts
    APN
    28-38-07-01-00003.0-0022.00
    APU
    9223372036854775807

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5646
    Latitude
    28.0688
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,034
    $130,500
    $1,035,500
    $1,166,000
    -
    $130,500
    $1,035,500
    $1,166,000

    Comparable in this City

    • Value Estimation
      $3,255,000
      2,235 SF

      201 Ocean Ave

      BED & BREAKFAST • 2,235 SF
      201 Ocean Ave, Melbourne Beach, FL 32951-2313
      View Details
    • Value Estimation
      $3,230,000
      4,578 SF

      1002 Atlantic St

      BED & BREAKFAST • 4,578 SF
      1002 Atlantic St, Melbourne Beach, FL 32951
      View Details
    • Value Estimation
      $3,280,000
      1,999 SF

      201 Ocean Ave

      BED & BREAKFAST • 1,999 SF
      201 Ocean Ave, Melbourne Beach, FL 32951-2313
      View Details
    • Value Estimation by Request
      3,566 SF

      5055 Hwy A1a

      MOTEL • 3,566 SF
      5055 Hwy A1a, Melbourne Beach, FL 32951-3208
      View Details
    • Value Estimation
      $1,155,000
      2,409 SF

      4215 Hwy A1a

      HOTEL • 2,409 SF
      4215 Hwy A1a, Melbourne Beach, FL 32951-3608
      View Details
    • Value Estimation by Request
      5,889 SF

      8795 Hwy A1a1-8

      HOTEL • 5,889 SF
      8795 Hwy A1a1-8, Melbourne Beach, FL 32951-4008
      View Details

    Similar Nearby for Sale

    • $5,300,000
      6,896 SF

      5935 Highway A1A

      Motels • 6,896 SF
      5935 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $1,950,000
      6.30 Acres

      Oceanfront A1A Land - Melbourne Beach

      6.3 Acres, Prime A1A Location, $1.95M
      6970 Florida A1A, Melbourne Beach, FL 32951
      View Details
    • $2,500,000

      Ocean Avenue Office Complex

      Prime Beachfront Office Building, 16 Units
      401 Ocean Ave, Melbourne Beach, FL 32951
      View Details
    • $2,290,000

      Oceanfront Land, Melbourne Beach

      Prime oceanfront lot, build your dream home.
      5835 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $460,750
      0.26 Acres

      Residential Lot Near Melbourne Beach

      0.26-acre residential lot near the beach, no HOA.
      6540 Floridana Ave, Melbourne Beach, FL 32951
      View Details
    • $900,000
      2.37 Acres

      Riverfront Vacant Land in Melbourne

      Vacant land with river frontage in South Melbourne Beach, Florida.
      Melbourne Beach, FL 32951
      View Details
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    514 Ocean Ave
    Melbourne Beach, FL 32951-2548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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