See Home Value
$375,000
● House - Off Market

318 Banyan Way

Melbourne Beach, FL 32951
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,335 Ft²
$751,475
RealtyHop Estimate
92.74%
Since Mar 1, 2014
National-US
Primary Model

About This Property

Spacious Melbourne Beach Pool home in popular River Colony East neighborhood.  This home looks conservative from the street, but when you enter and witness the expansive Living/Room Dining Areas with Vaulted Ceilings, you will be amazed! There is wonderful Italian Tile throughout the main living areas & new carpet in the bedrooms, but wood laminate in the office/4th bedroom.  This home has a split floor plan too.  The Backyard is private with Swimming Pool w/Southern Exposure.   This home has Vinyl Impact Glass Windows (2004), Newer Shingle Roof (2004) & New HVAC (2013) & updated Electrical Panel. Home is concrete block, but enclosed Florida room is frame. Please see attached ''Property Appraiser's Sketch'' of home showing enclosed porch area which does not appear to be included in the SF. SF.
Unit Size
2,335 Ft²
Days on Market
36 days
Land Size
0.30 acres
Price per sqft
$167
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1970

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Last updated: 3 months ago (Space Coast MLS #686507)

Price History

Date / Event Date Event Price
Nov 26, 2025 Sold
Sold
Oct 25, 2025 In contract -
In contract
Oct 7, 2025 Price Decreased $825,000
↓ $15K (1.8%)
Price Decreased
Sep 22, 2025 Price Decreased $840,000
↓ $10K (1.2%)
Price Decreased
Sep 8, 2025 Listed by EXP Realty, LLC $850,000
Listed by EXP Realty, LLC
This updated pool home features vaulted ceilings with wood beams, skylights, and a bright open floor plan. The gourmet kitchen is a true centerpiece featuring an island cooktop, double ovens, wine fridge, and maple soft touch close cabinets. Additionally, this kitchen offers clear views of your patio & pool. Enjoy multiple living areas, including a cozy brick fireplace and a Florida room with walls of windows overlooking the pool. The owner's suite offers direct patio access and a custom his and hers walk-in closet, while bathrooms are tastefully updated with dual vanities, soaking tub, and walk-in shower. Step outside to your private retreat with a freeform pool, shade sails, tropical landscaping, and spacious patio space for lounging & entertaining. Avocado, Mango & Banana trees. Outdoor shower for convenience. This 4 Bed 3-bathroom beach home has a 4-year-old metal roof, impact rated windows as well as Bahama shutters. 14 X 14 vaulted ceilings. 2020 AC. R-20 Insulation throughout. Circular driveway with 2 car garage offers ample space for parking. The whole backyard is fenced in. This pool holds 17,000 gallons of water. Separate utility room with storage under central ac. Adding to the living sq ft. Large laundry room inside the house not in the garage. Bring your generator. Electric already added. Zoned for great schools. A few minutes from the beach. A short drive to shopping. Close to SOFA.
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 598
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 3,352
  • Gross Building Area: 3,352
  • Building Area: 2,340
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER COLONY EAST
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: RIVER COLONY EAST LOT 4 BLK E

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066101

Zoning

  • Zoning: 1RS

Geography

  • Assessors Map Reference: 327
  • Account Number: 2847177
  • Parcel: 28-38-06-77-0000E.0-0004.00
  • Block: E
  • Lot: 4
  • Meridian: SEC 06 TWN 28S RNG 38E
  • Municipality: MELBOURNE BEACH
  • Latitude: 28.0738
  • Longitude: -80.563

    Address

  • Full Address: 318 Banyan Way
  • Address - House Number: 318
  • Address - Street Name: Banyan
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 2051
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 2,940
  • Tax Year: 2022
  • Tax Amount: $379,269
  • Tax Rate Code Area: 34X0

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 865,753
  • High Value: 1,036,072
  • Low Value: 695,434

    Market Valuation

  • Market Total Value: $607,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $278,710

    Sales

  • Current Sale Contract Date: Jan 04, 2012
  • Current Sale Recording Date: Jan 04, 2017
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017001902
  • Previous Sale Recording Date: Mar 03, 2014
  • Previous Sale Contract Date: Feb 18, 2014
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About River Colony East


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Frequently Asked Questions

When was property at 318 Banyan Way built and last sold?
The property at 318 Banyan Way was built in 1970 and last sold on Jan 4, 2012 for $9,500.
How much is this home worth?
The estimated value of the home located at 318 Banyan Way is $800,263.
What are some comparable homes to 318 Banyan Way?
There are currently no comparable homes to 318 Banyan Way.