19
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1824 Sabal Palm 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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Price Decreased |
$659,000
↓ $16K
(2.4%) | |
| Price Decreased | |||
| May 13, 2025 | Price Decreased |
$675,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Apr 26, 2025 | Listed by Arium Real Estate, LLC | $695,000 | |
| Listed by Arium Real Estate, LLC | |||
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Welcome to 1824 Sabal Palm Drive, a beautifully updated 4-bed, 2 and 1/2 -bath home in Melbourne, FL. Enjoy an open floor plan with abundant natural light, updated flooring, and a tranquil ambience. The spacious kitchen features stainless steel appliances, granite counter tops, and ample cabinetry, perfect for cooking and entertaining. Step outside to your private oasis with a sparkling pool, surrounded by a lush, tree-lined backyard offering peace and privacy. The master suite boasts a walk-in closet and en-suite bath with dual sinks, soaking tub, and separate shower. Three additional bedrooms provide flexibility for guests or a home office. Additional highlights include a 2-car garage, and a fantastic location near shopping, dining, and top-rated schools. Don't miss your chance to own this Florida gem - schedule a showing today!
Roof and water heater new in 2024. One AC replaced 2023, one in 2022.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017