19
Map
128 Lagoon Avenue
About This Property
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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 |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Price Decreased |
$334,900
↓ $15K
(4.3%) | |
| Price Decreased | |||
| Dec 11, 2025 | Listed by Florida Elite Real Estate | $349,900 | |
| Listed by Florida Elite Real Estate | |||
| | |||
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This is THE ONE! Beautifully remodeled 3 bedroom 2 bathroom concrete block home with a two car garage in the heart of Melbourne. Built in 1992 with no cast iron plumbing, this property offers a 2024 roof, luxury waterproof vinyl plank flooring throughout, all new Bosch appliances, a new GE Profile washer and dryer, a stylishly updated guest bathroom and custom closet systems in every bedroom. The open floor plan provides a bright, spacious living area that flows into a large kitchen with an oversized breakfast bar. The location is outstanding! You're only minutes from Historic Downtown Melbourne, the Eau Gallie Arts District, riverfront parks & boat ramps, and both the Melbourne and Eau Gallie Causeways for quick access to the beach, which is about a 10 minute drive. Just 5 minutes from Melbourne Orlando International Airport, this is the perfect home base for easy travel. Enjoy convenient access to shopping, dining, entertainment, and everything the Space Coast lifestyle offers.
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| Apr 19, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017