15
Map
1709 Palm Ridge Road
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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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Listed by Blue Marlin Real Estate | $407,000 | |
| Listed by Blue Marlin Real Estate | |||
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Step into Palm Ridge Rd. A beautifully remodeled 3 Bed 2 Bath pool home in the heart of Melbourne. No piece of this home was left untouched in thoughtful remodel. Wood look tile throughout the entire home, a beautifully remodeled kitchen with stainless appliances wood cabinetry, quartz countertops, and an oversized island with under-mount sink. Generous sized bedrooms including master bathroom with dual vanity and walk in shower. Bathroom two placed between other bedrooms with vanity and bathtub. Common area opens up to a covered patio with wood ceiling. continue out to a resurfaced pool and screened enclosure. Accordion shutters give peace of mind during storm season. New water heater, Roof replaced in 2023 and newer AC. Quiet cul de sac road close to all major ammenities, Pineda , I95, and US1. This is truly a must see home to appreciate.
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| Jul 16, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017