$610,000
●
Condo -
Off Market
1208 E River Drive #501
Melbourne, FL 32901
3 Beds
2 Baths
1,900 Ft²
$812,833
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Top floor, Penthouse in Downtown Melbourne. Captains Cove is a
Luxury Gated Community of only 10 owners. Upon entering, gorgeous
Gun Stock wood floors lead to an open floor plan & gourmet kitchen
w/premium appliances, custom Cabinetry & Lighting. Spacious Living
room w/volume ceilings, crown molding throughout, Klipsch speakers
in every room, wood burning fireplace. Huge Master Bedroom w/custom
closet, Full-Size Washer Dryer & ample storage. Master bath must be
seen & includes Jacuzzi Tub & Separate shower. Watch the Dolphins
with Stunning views of Harbor & River from lg. balcony overlook the
concrete Dock with 2 DEEDED BOAT SLIPS INCLUDED, 1 w/newer 10k lb.
Lift or use 1 slip and rent the other. Elec. Hurricane Shutters on
every opening, 2 Car Garage, Storage & Furnishings are negotiable.
negotiable.
Unit Size
1,900 Ft²
Days on Market
78 days
Land Size
-
Price per sqft
$336
Property Type
Condo
Property Taxes
$377
HOA Dues
$570
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
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 #891990)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2021 | Sold | ||
| Sold | |||
| Dec 9, 2020 | Listed by Engel & Voelkers Melb Downtown | $639,000 | |
| Listed by Engel & Voelkers Melb Downtown | |||
| May 6, 2014 | Sold | ||
| Sold | |||
| Jan 21, 2014 | Listed by Indian River Realty | $329,000 | |
| Listed by Indian River Realty | |||
| | |||
|
IF YOU PROMISED YOURSELF THE BEST-LOOK NO FURTHER! Incredible opportunity! Beautiful 3/2 Penthouse with 1898SF located in Captain's Cove. A view that just won't quit overlooking the Melbourne Harbor and the Indian River. Two deeded boat slips, one large enough to accommodate up to 40FT boat and located just below your fabulous balcony. This unit offers tile & hardwood floors throughout, beautiful updated kitchen with granite counters. Port Hole Style Windows in some rooms, sliders open up from the living area and master bedroom to a large balcony that overlooks the harbor. This is your opportunity to own a gorgeous, waterfront condo with your boat just an elevator ride away. This One You Really Must See!!
| |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Carport
Parking Features: Assigned, Carport, Detached, Garage Door Opener, Underground
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, Kitchen Island, Open Floorplan, Walk-In Closet(s), Split Bedrooms
Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Wood
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Wood Burning, Other
Exterior Details
Has Property Attached
Square Footage: 1900
Square Footage Source: $0
Security Features: Security Gate, Security System Owned
Year Built: 1984
Waterfront Features: Creek, River Front
Building Area Total: 2400
Levels: One
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Side Porch
Pool Features: None
Water Source: Public
Financial Details
Tax Annual Amount: $4,523
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Boat Dock, Boat Slip
HOA Fee: $570
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: 6 months ago
Data Source: Space Coast MLS, MLS# 891990
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# 891990
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