11
Map
1715 Glendon 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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Jan 18, 2026 | In contract | - | |
| In contract | |||
| Dec 16, 2025 | Listed by Real Broker, LLC | $279,900 | |
| Listed by Real Broker, LLC | |||
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Discover one of the best values among Melbourne FL homes for sale—a beautifully remodeled 4-bedroom home with no HOA, just minutes from shopping, dining, and the beach. Located five minutes from Melbourne Square Mall, popular restaurants, and highly regarded schools, and only fifteen minutes from the Atlantic Ocean, this home offers location and lifestyle at an affordable price.
Inside, the open floor plan features a modern gray and white color palette with gray flooring, granite countertops, and stainless steel appliances—perfect for buyers looking to add their own style. Major upgrades include a 2020 metal roof, 2020 AC, and tankless water heater, providing peace of mind for years to come. A separate laundry room adds everyday functionality.
Situated on a large lot with a spacious storage shed, this property is ideal for first-time homebuyers, investors, or snowbirds seeking low maintenance living in a prime Melbourne FL location. No HOA, strong rental potential, and close to to everything that makes Melbourne desirable.
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| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2025 | Price Decreased |
$279,900
↓ $20K
(6.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017