$315,000
●
Condo -
Off Market
1208 E River Drive #102
Melbourne, FL 32901
2 Beds
2 Baths
1,668 Ft²
$546,805
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model
About This Property
A Boater's paradise! Watch the sun rise as you take in the sights
and sounds of beautiful Melbourne Harbour. Steps away from Downtown
Melbourne, with many options for dining and entertainment.Only 5
minutes to the beach at the Boardwalk in Indialantic. Adjacent to
the Melbourne Yacht Club, this rare find boasts Indian River and
Marina Views and TWO DEEDED BOAT SLIPS!Use one and rent the other
or rent out both.As you enter you will notice an open floor plan
with lots of natural light. Each bedroom has its own private slider
leading you to the over sized balcony with amazing easterly
views.Captains Cove is a gated,10 unit,nautically inspired
architectural masterpiece that is very unique to the Melbourne
skyline.Only 10 minutes to the Melbourne Int'l Airport and Northrop
Grumman Headquarters. Headquarters.
Unit Size
1,668 Ft²
Days on Market
84 days
Land Size
0.08 acres
Price per sqft
$210
Property Type
Condo
Property Taxes
$407
HOA Dues
$536
Year Built
-
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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: 6 months ago (Space Coast MLS #798507)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2024 | Sold | ||
| Sold | |||
| Sep 13, 2023 | Price Decreased |
$750,000
↓ $49K
(6.1%) | |
| Price Decreased | |||
| Jul 11, 2023 | Listed by KELLER WILLIAMS RLTY,BREVARD | $799,000 | |
| Listed by KELLER WILLIAMS RLTY,BREVARD | |||
| | |||
|
Seller Holiday Bonus: 12 months of HOA fees paid with full price accepted offer. Waterfront Dreams! With 2 DEEDED BOAT SLIPS, landlovers & mariners will appreciate the yacht ''feel'' in this tastefully designed unit. Enter this custom designed, luxury home, & be enveloped by warmth and coastal vibes throughout. Custom tongue & groove ceilings span an open floor plan that allows views of the marina throughout. A chef's kitchen is well appointed w/high end appliances, quartz counters & large pantry. Primary suite has flex space w/water views. Primary en-suite boasts jetted tub & oversized shower w/steam jets. Enjoy marina life from your expansive balcony or entertain on your exclusive side deck w/water access. impact doors, strategic storage, 1 car garage & extra parking spot, make this the perfect slice of heaven.
Close to quaint downtown, restaurants, shopping & beach!
| |||
| Jun 19, 2023 | Listed by Keller Williams Realty Brevard | $699,000 | |
| Listed by Keller Williams Realty Brevard | |||
| | |||
|
Seller Holiday Bonus: 12 months of HOA fees paid with full price accepted offer. Waterfront Dreams! With 2 DEEDED BOAT SLIPS, landlovers & mariners will appreciate the yacht ''feel'' in this tastefully designed unit. Enter this custom designed, luxury home, & be enveloped by warmth and coastal vibes throughout. Custom tongue & groove ceilings span an open floor plan that allows views of the marina throughout. A chef's kitchen is well appointed w/high end appliances, quartz counters & large pantry. Primary suite has flex space w/water views. Primary en-suite boasts jetted tub & oversized shower w/steam jets. Enjoy marina life from your expansive balcony or entertain on your exclusive side deck w/water access. Impact doors, strategic storage, 1 car garage & extra parking spot, make this the perfect slice of heaven. Close to quaint downtown, restaurants, shopping & beach!
| |||
| Feb 9, 2018 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Guest, Other
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Open Floorplan, Split Bedrooms
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer
Flooring Type: Tile
Exterior Details
Has Property Attached
Square Footage: 1668
Security Features: Security Gate, Entry Phone/Intercom
Year Built: 1984
Waterfront Features: Creek, River Front, Seawall
Building Area Total: 1668
Levels: Three Or More
Construction Materials: Block, Concrete, Stucco
Pool Features: None
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Lot Size Square Feet: 3485
Financial Details
Tax Annual Amount: $4,885
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance
HOA/Condo/Coop Amenities: Boat Dock, Boat Slip, Elevator(s), Maintenance Grounds, Maintenance Structure, Storage, Other, Management - Off Site
HOA Fee: $536
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/15/2025
|
3 Bed
|
2 Bath
|
1898 ft²
|
$769,900
3 Bed
2 Bath
1898 ft²
|
-
-
|
BARBARA ZAPOTOCKY
RE/MAX AEROSPACE REALTY
| |
|
06/19/2023
|
2 Bed
|
2 Bath
|
1668 ft²
|
$699,000
2 Bed
2 Bath
1668 ft²
|
$607,000
-13.16%
01/08/2024
|
Kristen Romandetti
KELLER WILLIAMS RLTY,BREVARD
| |
|
06/03/2022
|
2 Bed
|
2 Bath
|
1668 ft²
|
$599,000
2 Bed
2 Bath
1668 ft²
|
$580,000
-3.17%
03/13/2023
|
Susanne Vaughn
David Curri Real Estate Group
| |
|
05/09/2022
|
3 Bed
|
2 Bath
|
1898 ft²
|
$725,000
3 Bed
2 Bath
1898 ft²
|
$725,000
06/03/2022
|
Cassandra Hartford
Curri Kirschner R.E. Group LLC
| |
|
10/09/2021
|
3 Bed
|
2 Bath
|
1898 ft²
|
$465,000
3 Bed
2 Bath
1898 ft²
|
$470,000
+1.08%
11/17/2021
|
Ellie Chan
RE/MAX Solutions
| |
|
07/13/2021
|
2 Bed
|
2 Bath
|
1668 ft²
|
$449,000
2 Bed
2 Bath
1668 ft²
|
$439,000
-2.23%
11/12/2021
|
Carolyn Schumann
Carnu Realty LLC
| |
|
02/04/2021
|
2 Bed
|
2 Bath
|
1668 ft²
|
$470,000
2 Bed
2 Bath
1668 ft²
|
$450,000
-4.26%
08/02/2021
|
Grayling Oates
Engel & Voelkers Melb Downtown
| |
|
12/09/2020
|
3 Bed
|
2 Bath
|
1900 ft²
|
$639,000
3 Bed
2 Bath
1900 ft²
|
$600,000
-6.10%
03/08/2021
|
Grayling Oates
Engel & Voelkers Melb Downtown
| |
|
05/05/2020
|
3 Bed
|
2 Bath
|
1898 ft²
|
$479,000
3 Bed
2 Bath
1898 ft²
|
$477,500
-0.31%
05/27/2020
|
Pamela Vanderveer
Vanderveer Properties
| |
|
08/27/2019
|
3 Bed
|
2 Bath
|
2170 ft²
|
$548,999
3 Bed
2 Bath
2170 ft²
|
$533,000
-2.91%
08/18/2020
|
Grayling Garat Oates
Engel & Voelkers Melb Downtown
| |
|
07/11/2019
|
2 Bed
|
2 Bath
|
1778 ft²
|
$449,900
2 Bed
2 Bath
1778 ft²
|
$355,714
-20.93%
04/01/2020
|
Grayling Oates
Engel & Voelkers Melb Downtown
| |
|
11/16/2017
|
2 Bed
|
2 Bath
|
1668 ft²
|
$349,500
2 Bed
2 Bath
1668 ft²
|
$315,000
-9.87%
02/09/2018
|
Grayling Oates
Engel & Voelkers New Smyrna
| |
|
04/01/2015
|
3 Bed
|
2 Bath
|
1898 ft²
|
$325,000
3 Bed
2 Bath
1898 ft²
|
$315,000
-3.08%
05/29/2015
|
John Lucas
Engel & Voelkers Melb Downtown
| |
|
03/11/2015
|
2 Bed
|
2 Bath
|
1668 ft²
|
$295,000
2 Bed
2 Bath
1668 ft²
|
$282,000
-4.41%
08/05/2015
|
John Lucas
Engel & Voelkers Melb Downtown
| |
|
01/21/2014
|
3 Bed
|
2 Bath
|
1898 ft²
|
$329,000
3 Bed
2 Bath
1898 ft²
|
$315,000
-4.26%
05/06/2014
|
Wiley Elliott
Indian River Realty
| |
|
01/17/2014
|
3 Bed
|
2 Bath
|
1898 ft²
|
$350,000
3 Bed
2 Bath
1898 ft²
|
$325,000
-7.14%
04/11/2014
|
Rusty Melle
ITG REALTY
|
Building Info
About Crane Cliffs
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Listed by: Global Group, Engel & Voelkers Melb Downtown
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 798507
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: 6 months ago
Data Source: Space Coast MLS, MLS# 798507
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