195 First Light Circle
About This Property
A tiled breezeway and inviting courtyard entrance create a memorable first impression. Inside, the open-concept design is filled with natural light and enhanced by vaulted ceilings, hurricane-rated windows and luxury vinyl plank flooring. A dramatic stacked-stone electric fireplace anchors the main living area, creating a welcoming gathering place while maintaining an effortless flow into the kitchen. Designed for entertaining and everyday convenience, the kitchen features quartz countertops and a matching backsplash, 42-inch soft-close cabinets and drawers, upgraded appliances, a gas range and a large walk-in pantry. Beyond the main gathering areas, a dedicated office positioned separately from the primary living space provides privacy for working or studying. The entertainment room offers another comfortable place for movies, games and relaxed evenings. With its own bathroom and private breezeway entrance separate from the main house, this versatile space can also serve as a private guest suite or accommodate multigenerational living. Multiple storage closets and built-in cabinets throughout the home provide exceptional organization.The primary suite is a peaceful retreat with its own electric fireplace and spacious walk-in closet. The bathrooms are finished with quartz surfaces, distinctive tile designs, upgraded plumbing fixtures and illuminated heated vanity mirrors.
The outdoor setting is one of the home's defining features. A private saltwater pool is surrounded by lush landscaping and enclosed by a full vinyl privacy fence. The covered outdoor living area features tongue-and-groove ceilings and a third stacked-stone electric fireplace, creating an inviting place to enjoy quiet mornings, relaxed afternoons and evenings with friends. Gas, water and electrical connections are already in place for a future outdoor kitchen, while the tiled breezeway provides a polished transition between the indoor and outdoor spaces. A brick-paver driveway accommodates three to four vehicles and leads to an oversized three-car garage with eight-foot doors and built-in storage cabinets.
Riverwalk residents enjoy community dock access to the Indian River and convenient proximity to historic Cocoa Village, waterfront dining, Space Coast beaches, Kennedy Space Center and major roadways. From its beautifully appointed interior and flexible guest accommodations to its private pool and river-access lifestyle, this turnkey home offers an exceptional opportunity to experience the best of Florida's Space Coast.
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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 |
|---|---|---|---|
| Nov 4, 2026 | Price Decreased |
$1,099,000
↓ $99K
(8.3%) | |
| Price Decreased | |||
| Sep 22, 2026 | Price Decreased |
$1,198,000
↓ $50K
(4%) | |
| Price Decreased | |||
| Aug 5, 2026 | Listed by Real Broker, LLC | $1,248,000 | |
| Listed by Real Broker, LLC | |||
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 11, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017