$835,000
●
Land -
Off Market
2011 Pineapple Cove
Melbourne, FL 32935
Studio
0 Bath
$6,197
Est. Monthly
$500
HOA / Fees
About This Property
Last lot left!! Incredible Indian River .62 acre lot in exclusive
Pineapple Cove. Elegant coastal gate and lushly landscaped grounds
lead to 6 riverfront lots and your own luxury home.Developer
completed extensive site improvements including complete coastline
revetment, utility infrastructure (water, sewer, gas, power)to each
lot, and thousands of pounds of fill dirt to raise the lots to
enhance the views.Homes currently under construction are a minimum
of 3000 sq ft. Landscape design by area's premier landscape
architect. Over half acre lot leaves room for privacy, pool, lanai
and DOCK! Close to the hot spots and culture of the Eau Gallie Arts
District and 72 miles of gorgeous beaches. Enjoy sunrises from your
bedroom, pool, dock or lanai, or entertain at sunset with
refreshing breezes.
Unit Size
-
Days on Market
20 days
Land Size
0.61 acres
Price per sqft
-
Property Type
Land
Property Taxes
$909
HOA Dues
$500
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Space Coast MLS #1051193)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | Listed by RE/MAX Alternative Realty | $975,000 | |
| Listed by RE/MAX Alternative Realty | |||
| Jul 1, 2023 | No longer available | - | |
| No longer available | |||
| Apr 28, 2023 | Listed by MTG of Brevard Inc. DBA RE/MAX Alternative Realty | $950,000 | |
| Listed by MTG of Brevard Inc. DBA RE/MAX Alternative Realty | |||
| | |||
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Only One Lot Left! Pineapple Cove is a small, super luxury riverfront development offering breathtaking views and the ability to build your own private dock. This is truly a rare opportunity to build your custom dream home directly on the Indian River. Imagine driving through elegant iron gates and lush grounds designed by one of the finest landscape architects in Florida to your very own custom, riverfront luxury home. This last remaining lot is generously sized at .68 acres and leaves room for privacy, pools and spectacular views! Close to the hot spots and culture of the Eau Gallie Arts District, Downtown Melbourne and the stunning Brevard County beaches. Enjoy sunrises from your bedroom, pool, dock or lanai, or entertain at sunset with refreshing breezes. Find out more information now!
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About Melbourne
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Listed by: Amanda Moyles Gonnella, RE/MAX Alternative Realty
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 1051193
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 1051193
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