39
Map
1600 Marcello Drive
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 |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$769,900
↓ $29K
(3.6%) | |
| Price Decreased | |||
| Aug 22, 2025 | Listed by Compass Florida, LLC | $799,000 | |
| Listed by Compass Florida, LLC | |||
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Behind the gates of Veranda Place, this 4-bedroom, 3-bath pool home combines space, style & thoughtful upgrades on a rare .42-acre corner lot. The layout includes a private office & a versatile guest suite with its own entrance, while the kitchen impresses with stainless appliances, gas cooking, Bosch dishwasher (2025), large pantry & surround sound that extends throughout the home. The primary suite boasts a custom closet system & a spa-inspired bath with dual vanities & an oversized walk-in shower with double shower heads. Outdoors, the fully fenced backyard is a tropical escape with plumerias, mango trees, mosquito-control system, & pristine landscaping surrounding a saltwater pool & heated spa. A screened lanai, 3-car garage, tankless water heater, newer AC (2022), & security cameras add convenience & peace of mind, while wood & tile floors enhance everyday living. With easy access to I-95, Downtown Melbourne & the beaches, this home delivers both luxury & lifestyle.
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| Jan 31, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017