520 Lee Ave Satellite Beach, FL 32937
Estimated payment $4,879/month
Highlights
- No HOA
- 2 Car Attached Garage
- Courtyard
- Spessard L. Holland Elementary School Rated A-
- Multiple cooling system units
- Tile Flooring
About This Home
Turnkey duplex in the heart of Satellite Beach, fully renovated (2019-2020) and well-maintained—perfect for investors seeking strong rental potential. Both units feature open floor plans, tile and LVP flooring, updated kitchens with granite countertops, and modernized bathrooms. Each unit has their own private one-car garage and screened-in lanai. Key updates include roof replacement & Square D electric panels in 2019 and additional blown-in insulation to 10in deep in both attics in 2023. Both units have PVC plumbing, copper wiring, and have a shared irrigation system on well water (sprinklers tuned up 2022). 520 Lee features a 2020 AC, 2015 Air Handler, 2019 Water Heater, and 2022 Washer/Dryer. 522 Lee boasts a 2022 AC & Air Handler, 2023 Complete Duct Replacement, and 2024 Water Heater. Located just ¾ mile from public beaches and ½ mile from top-rated Brevard County schools. No HOA! A low-maintenance, high-demand investment opportunity in one of the most desirable coastal locations!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,319
Year Built
- Built in 1998
Lot Details
- 10,454 Sq Ft Lot
- South Facing Home
- Wrought Iron Fence
- Property is Fully Fenced
- Front and Back Yard Sprinklers
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Duplex
- Shingle Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 2,585 Sq Ft Home
- 1-Story Property
- Fire and Smoke Detector
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Full Bathrooms
Laundry
- Laundry in Garage
- Washer and Electric Dryer Hookup
Outdoor Features
- Courtyard
Schools
- Holland Elementary School
- Delaura Middle School
- Satellite High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 26-37-35-02-00020.0-0022.00
Community Details
Overview
- No Home Owners Association
- 2 Units
- Eau Gallie Shores Subdivision
Building Details
- Operating Expense $13,658
- Gross Income $56,400
- Net Operating Income $42,742
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $8,644 | $447,120 | $175,000 | $272,120 |
| 2022 | $7,208 | $426,890 | $0 | $0 |
| 2021 | $6,688 | $326,570 | $120,000 | $206,570 |
| 2020 | $6,473 | $311,020 | $110,000 | $201,020 |
| 2019 | $7,270 | $347,390 | $110,000 | $237,390 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | For Sale | $735,000 | 0.0% | $284 / Sq Ft |
| 01/01/2023 01/01/23 | Rented | $2,100 | 0.0% | -- |
| 12/10/2022 12/10/22 | Under Contract | -- | -- | -- |
| 12/09/2022 12/09/22 | For Rent | $2,100 | +10.5% | -- |
| 04/01/2022 04/01/22 | Rented | $1,900 | 0.0% | -- |
| 04/01/2022 04/01/22 | Under Contract | -- | -- | -- |
| 04/01/2022 04/01/22 | For Rent | $1,900 | 0.0% | -- |
| 02/28/2022 02/28/22 | Sold | $675,000 | 0.0% | $261 / Sq Ft |
| 01/28/2022 01/28/22 | Pending | -- | -- | -- |
| 01/22/2022 01/22/22 | For Sale | $675,000 | 0.0% | $261 / Sq Ft |
| 01/22/2022 01/22/22 | Off Market | $675,000 | -- | -- |
| 01/21/2022 01/21/22 | For Sale | $675,000 | 0.0% | $261 / Sq Ft |
| 11/15/2021 11/15/21 | Off Market | $675,000 | -- | -- |
| 11/02/2021 11/02/21 | For Sale | $675,000 | -- | $261 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $675,000 | New Title Company Name | |
| Interfamily Deed Transfer | $143,400 | Equitable Title Agency Inc | |
| Warranty Deed | $319,000 | Republic Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | Balloon | |
| Previous Owner | $302,000 | Negative Amortization | |
| Previous Owner | $255,200 | Purchase Money Mortgage | |
| Closed | $31,900 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1041780
APN: 26-37-35-02-00020.0-0022.00
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