19
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205 Rita Boulevard
About This Property
Experience Island Life in Melbourne Beach!
This is what a true coastal retreat feels like.
Set on a rare double lot in Ocean Edge Colony, this 4-bedroom home offers space, flexibility, and a relaxed pace of living, all within close proximity to the beach.
Here, the coastal lifestyle isn't just a weekend activity, it becomes part of your everyday routine. Morning walks, ocean breezes, and the ability to come and go with ease create a sense of balance that's hard to replicate.
Inside, the home is designed for comfortable, low-maintenance living. Tile and laminate flooring provide durability and easy maintenance, and the layout connects naturally, making daily life and entertaining feel effortless. The renovated kitchen is both practical and welcoming, featuring marble countertops, ready for everything from casual meals to gatherings with friends and family.
Recent updates, including a new AC system, new roof and refreshed bathroom vanity, add comfort and reliability, while Bahama shutters provide both coastal charm and functional protection.
Outdoors, the property truly stands apart. The covered patio offers a shaded place to relax, while the expansive double lot, complete with mature landscaping including coconut and banana trees, gives you room to spread out, entertain, or simply enjoy your surroundings. With ample space for a boat or RV, you're free to fully embrace everything this lifestyle offers.
Great location for a family, vacation home, or investment opportunity.
CALL TODAY to schedule a showing!
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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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$519,000
↓ $6K
(1.1%) | |
| Price Decreased | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Listed by KELLER WILLIAMS SPACE COAST | $525,000 | |
| Listed by KELLER WILLIAMS SPACE COAST | |||
| |||
|
Experience Island Life in Melbourne Beach! This is what a true coastal retreat feels like. Just Reduced! Now offered at $525,000. Set on a rare double lot in Ocean Edge Colony, this 4-bedroom home offers space, flexibility, and a relaxed pace of living, all within close proximity to the beach. Here, the coastal lifestyle isn't just a weekend activity, it becomes part of your everyday routine. Morning walks, ocean breezes, and the ability to come and go with ease create a sense of balance that's hard to replicate. Inside, the home is designed for comfortable, low-maintenance living. Tile and laminate flooring provide durability and easy maintenance, and the layout connects naturally, making daily life and entertaining feel effortless.
The renovated kitchen is both practical and welcoming, featuring marble countertops, ready for everything from casual meals to gatherings with friends and family.
Recent updates, including a new AC system, new roof and refreshed bathroom vanity, add comfort and reliability, while Bahama shutters provide both coastal charm and functional protection.
Outdoors, the property truly stands apart. The covered patio offers a shaded place to relax, while the expansive double lot, complete with mature landscaping including coconut and banana trees, gives you room to spread out, entertain, or simply enjoy your surroundings. With ample space for a boat or RV, you're free to fully embrace everything this lifestyle offers.
Great location for a family, vacation home, or investment opportunity.
CALL TODAY to schedule a showing!
| |||
| Jul 29, 2026 | Relisted | $525,000 | |
| Relisted | |||
| Jul 9, 2026 | In contract | - | |
| In contract | |||
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About Ocean Edge Colony
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$8,000 /mo
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- 1,917 ft²
$1,500 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017