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1045 CONNOLLY LANE NE
About This Property
Located along Florida's Space Coast, you are minutes from nearby beaches such as Melbourne Beach, Indialantic Beach, Satellite Beach, and Indian Harbour Beach, as well as many outdoor recreation areas like Turkey Creek Sanctuary, Fred Lee Park, and Andretti Thrill Park. Conveniently located near major highways (I-95, FL-192, and US-1) and 78 miles from Orlando attractions, Country Club Estates offers the perfect blend of coastal living and easy access to Central Florida.
With almost 3,000 square feet, The Chester 2-story single-family home is a spacious and welcoming design for a variety of lifestyles. The entry from both the front and 2-car garage flow directly into the open kitchen where everyone can gather to prepare meals and relax all together. Windows along the exterior wall lead to the outdoor patio and provide spectacular morning and evening light throughout the main living area. Tucked away in the front of the house are spaces for work and relaxation, both upstairs and down. An office on the first floor and a loft area above provides the extra room everyone needs. The second floor has a separate hallway with three bedrooms and a shared guest bathroom with a double vanity to help make mornings more efficient and the walk-in laundry room is located right around the corner for convenience. A large primary suite provides everything needed for privacy and comfort, including a double vanity and two walk-in closets.*Photos are from a similar home.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Jul 16, 2026 | Price Decreased |
$499,500
↓ $12K
(2.4%) | |
| Price Decreased | |||
| Jun 3, 2026 | Listed by SM FLORIDA BROKERAGE LLC | $511,500 | |
| Listed by SM FLORIDA BROKERAGE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017