39
Map
209 Orchid Boulevard
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%.
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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.
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 20, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Price Decreased |
$314,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by Endless Summer Real Estate | $319,900 | |
| Listed by Endless Summer Real Estate | |||
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Welcome to this beautifully updated 3-bedroom, 2-bath home located just 10 minutes from the beach and walking distance to the Indian River in desirable Melbourne, Florida. Blending modern upgrades with coastal durability, this move-in-ready property offers both style and peace of mind, with no HOA.
Major system updates include a roof and HVAC (2019), providing long-term efficiency and reliability. The fully remodeled kitchen (2026) is a standout feature, showcasing sleek finishes, granite countertops and a bespoke luxury glass refrigerator, paired with a Frigidaire stove and dishwasher for a polished, modern feel.
The exterior has been thoughtfully enhanced with a renovated carport (2026) and modern horizontal fencing (2025), adding privacy, clean lines, and strong curb appeal. New irrigation well installed in 2024.
Built for Florida living, the home features hurricane-rated Impact windows throughout, new front and back doors (2025) with additional shutters for added protection and peace of mind.
The home was also updated with all new matching ceiling fans and light fixtures throughout (2024), creating a cohesive and modern interior feel.
Inside, you'll also find a separate laundry room with washer and dryer hookups, adding convenience and functional everyday living space.
Step outside to the covered patio and enjoy your own private outdoor retreat with multiple varieties of fruit trees, bringing charm and a true Florida lifestyle touch to the property.
With its desirable location, thoughtful updates, and freedom from HOA restrictions, this property is an exceptional opportunity as a primary residence, vacation home, or investment.
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| Aug 11, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017