12
Map
$172,000
●
House -
Off Market
1020 S Fork Circle
Melbourne, FL 32901
2 Beds
2 Baths
1,229 Ft²
$267,605
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
Desirable South Oaks Gated Community. Resort Style living with
heated community pool, tennis courts, shuffle board, RV/Boat
parking. One of the larger more private lots in South Oaks with no
neighbors behind the house. Home features vaulted ceilings, split
floor plan, Living Dining combo, enclosed florida room, large
master with walk-n closet. Recent exterior paint and interior
paint. Very nice laminate flooring throughout, New A/C 2017, New
water heater 2017
Unit Size
1,229 Ft²
Days on Market
69 days
Land Size
0.18 acres
Price per sqft
$146
Property Type
House
Property Taxes
$103
HOA Dues
$89
Year Built
1990
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (Space Coast MLS #830698)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed by RE/MAX Solutions | $295,000 | |
| Listed by RE/MAX Solutions | |||
   | |||
|
Discover affordable living in Gated South Oaks- Melbourne, FL. This beautifully maintained 2 bdrm, 2 bath home with flex rm & 2 car garage offers comfort, privacy & exceptional value. Ideally located on one of the largest preserve lots, a peaceful retreat just a short walk to CLUBHOUSE & HEATED POOL. Home features: open split floor plan, vaulted ceiling, updated kitchen & baths (2019) with lots of quartz counter space, cabinets & upgraded appliances. Luxury vinyl plank flooring (2023), HVAC & water heater (2017), HIP roof(2021) & PEX re-plumbing (2023) for added peace of mind. Abundant natural light in versatile flex room. ADT alarm system & plantation shutters. Community amenities: Heated pool, indoor spa, sauna, & fitness center. Tennis courts, pickleball, shuffleboard, & gazebo overlooking serene lake. Clubhouse, library, game rm & community activities. RV/Boat parking, HOA includes lawn mowing/edging-LOW fee of $112/month. Not a 55+, all ages welcome! Must see.
| |||
| May 14, 2025 | Price Decreased |
$310,500
↓ $16K
(4.8%) | |
| Price Decreased | |||
| Apr 19, 2025 | Listed | $326,000 | |
| Listed | |||
| | |||
|
Discover affordable living in Gated South Oaks- Melbourne, FL. This beautifully maintained 2 bdrm, 2 bath home with flex rm & 2 car garage offers comfort, privacy & exceptional value. Ideally located on one of the largest preserve lots, a peaceful retreat just a short walk to CLUBHOUSE & HEATED POOL. Home features: open split floor plan, vaulted ceiling, updated kitchen & baths (2019) with lots of quartz counter space, cabinets & upgraded appliances. Luxury vinyl plank flooring (2023), HVAC & water heater (2017), HIP roof(2021) & PEX re-plumbing (2023) for added peace of mind. Abundant natural light in versatile flex room. ADT alarm system & plantation shutters. Community amenities: Heated pool, indoor spa, sauna, & fitness center. Tennis courts, pickleball, shuffleboard, & gazebo overlooking serene lake. Clubhouse, library, game rm & community activities. RV/Boat parking, HOA includes lawn mowing/edging-LOW fee of $112/month. Not a 55+, all ages welcome! Must see.
| |||
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About South Oaks
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Listed by: Trevor Wynn Thomas, First Peak Real Estate
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 830698
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 830698
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