37
Map
$399,900
●
House -
For Sale
1557 Hillcrest Drive
Melbourne, FL 32935
5 Beds
4 Baths
1,783 Ft²
$2,304
Est. Monthly
6.88%
Cap Rate
About This Property
This 5 bedroom, 4 bathroom, successful income producing property,
with 2 separate, 1/1 in-law suites, includes a beaded surface
PRIVATE POOL.
SHORT AND LONG TERM RENTAL POSSIBILITIES.
ROOM FOR RV AND BOAT STORAGE.
Set up for success, this property includes a 2022 roof with solar panels, 5 bedrooms, 4 bathrooms, a main living room, a private pool, updated kitchen and bathrooms, multiple washer and dryer units, central AC and mini split units, secured fencing throughout the property with concrete and wood fencing material, RV and boat parking, as well as a container shed. This property sits atop a large hill with a high quality drainage system. Don't miss this incredible investment opportunity. Please inquire for more information. Many more upgrades and details to share.
Near the Eau Gallie Arts District, the beaches, upscale dining and shopping, Melbourne and Orlando International airports, the Kennedy Space Center, Cocoa Beach, Disney World, Viera, and Vero Beach.
SHORT AND LONG TERM RENTAL POSSIBILITIES.
ROOM FOR RV AND BOAT STORAGE.
Set up for success, this property includes a 2022 roof with solar panels, 5 bedrooms, 4 bathrooms, a main living room, a private pool, updated kitchen and bathrooms, multiple washer and dryer units, central AC and mini split units, secured fencing throughout the property with concrete and wood fencing material, RV and boat parking, as well as a container shed. This property sits atop a large hill with a high quality drainage system. Don't miss this incredible investment opportunity. Please inquire for more information. Many more upgrades and details to share.
Near the Eau Gallie Arts District, the beaches, upscale dining and shopping, Melbourne and Orlando International airports, the Kennedy Space Center, Cocoa Beach, Disney World, Viera, and Vero Beach.
Unit Size
1,783 Ft²
Days on Market
90 days
Land Size
0.22 acres
Price per sqft
$224
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1959
Listed By
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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 #1016350)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2026 | Relisted | $399,900 | |
| Relisted | |||
| May 29, 2026 | No longer available | - | |
| No longer available | |||
| Mar 26, 2026 | Price Increased |
$399,900
↑ $75K
(23.1%) | |
| Price Increased | |||
| Jan 24, 2026 | Price Increased |
$324,900
↑ $25K
(8.3%) | |
| Price Increased | |||
| Jan 16, 2026 | Price Decreased |
$299,900
↓ $30K
(9.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Parking Features: RV Access/Parking
Interior Details
Full Bathrooms: 4
Interior Features: Primary Bathroom - Tub with Shower
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Terrazzo, Tile
Laundry Features: In Unit, Lower Level, Washer Hookup
Exterior Details
Square Footage: 1783
Square Footage Source: $0
Year Built: 1959
Levels: One
Other Structures: Shed(s)
Construction Materials: Block, Concrete, Frame, Stucco
Pool Features: In Ground, Salt Water
Pool is Private
Lot Features: Corner Lot
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Square Feet: 9583
Water Source: Public
Financial Details
Tax Annual Amount: $4,081
Utilities Details
Cooling Type: Central Air, Electric, Wall/Window Unit(s), Split System
Heating Type: Central, Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Hillcrest Subd
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Listed by: David Andai, Compass Florida LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 1016350
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# 1016350
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