$115,000
●
Land -
Off Market
158 Deer Run Road
Palm Bay, FL 32909
Studio
0 Bath
$176,357
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Looking for an exquisite piece of property to be the backdrop of
your new custom home? This is it! This 2.5-acre lot was cleared but
the beautiful trees remain! And, no Wetlands or Turtles! Deer Run
is an equestrian community located near Grant-Valkaria in south
Palm Bay, featuring Town & Country living at its best! Miles of
wide open spaces, white fences, and large custom homes situated on
a minimum of 2.5-acre lots. You don't have to have a horse to live
here and enjoy this sprawling paradise. Amenities include
clubhouse, riding arena, round pen, tennis/basketball court, and
park. HOA only $200/yr! Located between Melbourne and Sebastian,
close to beaches, the Indian River, marinas, shopping, dining, and
the amenities of city life! Just minutes from the I-95 exit.
Unit Size
-
Days on Market
38 days
Land Size
2.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
$90
HOA Dues
$19
Year Built
-
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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: 6 months ago (Space Coast MLS #962094)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2024 | Listed by Waterman Real Estate Inc. | $532,425 | |
| Listed by Waterman Real Estate Inc. | |||
| | |||
|
Kaia Side Load Model! 4 bed + a study, 3 baths totaling 2417 living sq ft. Beautiful features throughout including stainless steel appliances, tile flooring in main living areas and more! * Pictures are visual representations of finished home* . Other lots and floor plans available
| |||
| May 24, 2023 | Sold | ||
| Sold | |||
| Apr 11, 2023 | Listed by RE/MAX Alternative Realty | $175,000 | |
| Listed by RE/MAX Alternative Realty | |||
| Oct 24, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2018 | Listed by Coldwell Banker Realty | $52,500 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Over-sized 2.53 acre build-able residential lot (zoned Agricultural - AU - with 1 horse per acre) available in the highly desirable equestrian Deer Run community in south Brevard County, where homes are a minimum of 2100 sq. ft. under air. Your new property with many community amenities (i.e. tennis courts, clubhouse/rec.room) is about 8 miles to the Indian River/US Highway #1, and 20 minutes to the Walmart Supercenter. From exit #173 of I-95 go east on Malabar Road SE for .6 miles, turn right on Babcock Street for 8.6 miles, and right on Deer Run Road. The lot will be on your right in .7 miles.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Deer Run
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Listed by: Misty A Morrison, RE/MAX Alternative Realty
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 962094
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# 962094
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