$310,000
●
House -
Off Market
1551 Caribbean Circle
Melbourne, FL 32935
4 Beds
2 Baths
1,454 Ft²
$324,113
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Step into this beautifully updated FOUR bedroom two bathroom home
on a quiet cul-de-sac. From its newly-installed roof to the fresh
exterior and interior paint, you'll find updates from floor to
ceiling! Enjoy the spacious front and back yards offering a serene
setting. Inside, you'll appreciate the updated kitchen with
gleaming stainless kitchen appliances, the bright and open living
areas, and efficient, newer windows. Walk on new vinyl plank
flooring complemented by fresh baseboards and blinds, all framed by
stunning crown molding. Truly a perfect blend of comfort and charm!
Relax on the screened back porch overlooking the spacious back
yard. Conveniently located close to schools, shopping, and
restaurants. Updated PEX water lines. Be sure to see this one
before it's gone!
Unit Size
1,454 Ft²
Days on Market
40 days
Land Size
0.23 acres
Price per sqft
$224
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1967
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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 #965500)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Feb 13, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Price Decreased |
$299,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Dec 22, 2025 | Price Decreased |
$304,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Nov 21, 2025 | Listed by Coldwell Banker Realty | $309,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Step into this beautifully updated four-bedroom, two-bathroom home tucked away on a quiet cul-de-sac. This property offers both charm and comfort, featuring spacious front and back yards that create a peaceful setting. Inside, you'll love the bright, open living areas, an updated kitchen with gleaming stainless-steel appliances, and newer, energy-efficient windows that fill the home with natural light. Enjoy relaxing on the screened back porch overlooking the large backyard, perfect for gatherings or quiet evenings. Conveniently located near schools, shopping, and restaurants. Updated PEX plumbing throughout. This is a wonderful opportunity you won't want to miss. Be sure to see it before it's gone.
| |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Catalina
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Listed by: Andrew Barclay, EXP Realty, LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 965500
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# 965500
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