2089 Rockledge Drive
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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%.
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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.
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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 30, 2025 | Sold | ||
| Sold | |||
| May 1, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Listed by One Sotheby's International | $1,350,000 | |
| Listed by One Sotheby's International | |||
| | |||
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Positioned on an expansive, elevated corner lot along Rockledge Drive—one of Brevard County's most storied scenic routes—this riverfront estate offers a rare blend of privacy, practicality, and timeless appeal. With 95 feet of Indian River frontage and deep-water access, the property is ideal for serious boaters and water lovers alike. A substantial dock is equipped with a covered 10,000 lb boat lift, a double jet ski lift, water, and electric, making it effortless to explore the Intracoastal. The home itself spans over 3,000 square feet under air and has been meticulously maintained and upgraded, including a new standing seam metal roof (2022), dual new AC systems, and a detached 468-square-foot garage with loft storage—perfect for a workshop, hobby space, or additional vehicle storage.The property's elevation provides peace of mind with no flood insurance required, and the lush, manicured grounds include a large circular drive, side-entry parking, and an RV pad with 50-amp service. Inside, the light-filled floor plan includes a beautifully remodeled kitchen with granite countertops, induction cooktop, and newer stainless appliances, as well as generous living spaces that frame river views from nearly every angle. With three spacious bedrooms, four bathrooms, and a versatile flex room perfect for an office, studio, or playroom, the home offers a thoughtful layout to suit a variety of lifestyles. A first-floor primary suite opens to a private porch, while upstairs guest rooms share a balcony overlooking the water. A screened and heated saltwater pool and spa, multiple porches, and elegant architectural features throughout make this a home equally suited for quiet evenings or lively entertaining.
Ideally situated just minutes from Cape Canaveral, Melbourne Orlando International Airport, and top-rated schools, this location offers exceptional convenience without sacrificing tranquility. Whether you're commuting, traveling, or looking for strong school options, everything is within easy reach. And from the privacy of your own dock, you'll have a front-row seat to one of the Space Coast's most awe-inspiring experiences, rocket launches lighting up the sky over the Indian River.
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| Nov 8, 2019 | No longer available | - | |
| No longer available | |||
| Sep 21, 2019 | Price Decreased |
$914,900
↓ $20K
(2.1%) | |
| Price Decreased | |||
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About Brevard
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