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1276 Cypress Trace Drive
About This Property
Suntree HOA approved fence!!!
Welcome to Cypress Trace in the heart of Suntree! This truly move-in ready 4-bedroom, 2-bath pool home offers 2,213 sq ft on a spacious .27-acre lot within one of Melbourne's most desirable communities with top-rated schools including Suntree Elementary, Viera Middle, and Viera High. Double glass front doors open to vaulted ceilings, skylights, Lifeproof flooring, and beautifully remodeled kitchen and bathrooms. The kitchen features a one-of-a-kind quartz island, stainless steel appliances, soft-close cabinetry, and dual sliders for seamless indoor-outdoor living. The oversized primary suite offers pool access, soaking tub, and custom walk-in closet. Enjoy your private tropical oasis with a resurfaced screened pool, gas heater, paver deck, covered lanai, and lush palm-lined landscaping for added privacy. Low HOA, close to beaches, Patrick SFB, golf, parks, and The Avenue Viera.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Relisted | $569,000 | |
| Relisted | |||
| May 17, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Price Decreased |
$569,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017