17
Map
$282,000
●
Condo -
Off Market
1208 E River Drive #202
Melbourne, FL 32901
2 Beds
2 Baths
1,668 Ft²
$523,880
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model
About This Property
Attention Boaters! Just steps to Downtown Melbourne, Next to the
Melbourne Yacht Club Overlooking beautiful Melbourne Harbor. This
rare offering includes Waterfront Marina Views and TWO DEEDED BOAT
SLIPS! Use one and rent the other or rent both. As you walk in you
will notice the open floor plan with natural lighting and neutral
tones throughout. Each bedroom has its own private sliders leading
you to the over sized balcony and the view that overlooks Melbourne
Harbor and the Indian River. Captains Cove is a gated, 10 units
total, nautically inspired architectural masterpiece that is
totally unique to Melbourne. 1 Car Enclosed Garage, Private storage
closet are additional amenities. Live the downtown lifestyle and
get all the benefits of living the boating lifestyle
Unit Size
1,668 Ft²
Days on Market
78 days
Land Size
0.08 acres
Price per sqft
$177
Property Type
Condo
Property Taxes
$340
HOA Dues
$410
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: 5 months ago (Space Coast MLS #720047)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2021 | Sold | ||
| Sold | |||
| Feb 4, 2021 | Listed by Engel & Voelkers Melb Downtown | $470,000 | |
| Listed by Engel & Voelkers Melb Downtown | |||
| | |||
|
Gated Captains Cove where Waterfront meets Downtown living! Partially updated condo includes TWO DEEDED BOAT SLIPS w/ boat lift! Use 1 slip & rent the other to cover your HOA Dues. Private garage & 1 open spot. Unit enters at ground level, so there is no need for stairs or elevator to your unit. Located on wind protected Melbourne Harbor adjacent to the Melbourne Yacht Club and easy walk to Historic Downtown Melbourne w/ample choices of dining, shopping & entertainment. Convenient 5 mins to beaches & Melbourne Int'l Airport. Very close to major technology employers. Spend your free moments watching sailboats and dolphins as they swim in and out of the harbor! Fantastic views of the city & beautiful Marina from your oversized Patio. Live the good life today! Will not last, so hurry!
| |||
| Aug 5, 2015 | Sold | ||
| Sold | |||
| Mar 11, 2015 | Listed by Engel & Voelkers Melb Downtown | $295,000 | |
| Listed by Engel & Voelkers Melb Downtown | |||
| Jul 14, 2004 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: Additional Parking, Detached, Guest
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Split Bedrooms
Appliances: Disposal, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
Flooring Type: Tile
Exterior Details
Has Property Attached
Square Footage: 1668
Square Footage Source: $0
Security Features: Security Gate
Year Built: 1984
Waterfront Features: Creek, River Front
Building Area Total: 1668
Levels: Three Or More
Other Structures: Shed(s)
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: $4,083
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, Management - Full Time, Management - Off Site
HOA Fee: $410
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: Grayling Garat Oates, Engel & Voelkers Melb Downtown
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 720047
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: 5 months ago
Data Source: Space Coast MLS, MLS# 720047
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