2100 Vernon Place
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$750,000
↓ $200K
(21.1%) | |
| Price Decreased | |||
| Aug 3, 2026 | Listed by Dale Sorensen Real Estate Inc. | $950,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| Jan 2, 2026 | Listed by RE/MAX Elite | $989,000 | |
| Listed by RE/MAX Elite | |||
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Historic Rock & Roll Landmark Home - Fully Renovated Masterpiece in Downtown Melbourne
Step into a rare piece of music history with this completely transformed 1918 residence, famously known as the birthplace of a legendary rock and roll icon. Now a stunning modern sanctuary. This home sits in the heart of Downtown Historic Melbourne—just steps to local dining, shopping, and entertainment, and only a short bike ride to the beach. Zoned C-3 with Airbnb permitted, the property offers exceptional flexibility and income potential, making it ideal for personal use, short-term rental, or a unique live/work opportunity.
This 2-bedroom, 2-bathroom home has been thoughtfully renovated from top to bottom, blending historic charm with luxury finishes. Inside, you'll find soaring 16-foot ceilings, designer lighting, and meticulous craftsmanship throughout.
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| Oct 29, 2025 | Price Decreased |
$989,000
↓ $511K
(34.1%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed | $1,500,000 | |
| Listed | |||
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Historic Rock & Roll Landmark Home - Fully Renovated Masterpiece in Downtown Melbourne
Step into a rare piece of music history with this completely transformed 1918 residence, famously known as the birthplace of a legendary rock and roll icon. Now a stunning modern sanctuary. This home sits in the heart of Downtown Historic Melbourne—just steps to local dining, shopping, and entertainment, and only a short bike ride to the beach. Zoned C-3 with Airbnb permitted, the property offers exceptional flexibility and income potential, making it ideal for personal use, short-term rental, or a unique live/work opportunity.
This 2-bedroom, 2-bathroom home has been thoughtfully renovated from top to bottom, blending historic charm with luxury finishes. Inside, you'll find soaring 16-foot ceilings, designer lighting, and meticulous craftsmanship throughout. The spacious primary suite features dual granite vanities, an oversized glass shower, and French doors that open to a screened wrap-around porch. Both bathrooms are fully remodeled, including a jacuzzi tub and a private water closet with natural light and ventilation. The gourmet kitchen boasts a deep farmhouse sink, stainless steel appliances, granite countertops, and 42-inch soft-close wood cabinetry. The home also offers a separate dining area and a granite breakfast bar for casual meals. A floor-to-ceiling custom entertainment center anchors the cozy living space, and every window throughout the home is upgraded to impact glass with matching granite sills. The attic and encapsulated crawlspace are both fully insulated with blown-in insulation for efficient, year-round comfort.
Structurally, the home is built to last. It has been reinforced with two feet of poured foundation and added foundation blocks, while the entire exterior has been re-stuccoed using wire lath and plaster. Major systems include a 4-ton Trane HVAC, Water softener system, 40-gallon water heater, and a 200-amp electrical panelall housed in a separate tech room with built-in shelving. A full laundry room with washer, dryer, and sink adds convenience to daily living. The metal roof has passed recent inspection and adds lasting durability.
Step outside into your own private retreat. The wood privacy fenced backyard is wrapped in mature Areca Palms and centers around a large custom deck with a hot tub and a granite seating area built into one of Brevard County's oldest oak trees. A front brick walkway leads to the inviting entrance with decorative handrails. A detached 1.5-car garage sits on a new foundation, complete with epoxy-coated floors, air conditioning, and a gated driveway.
This property is a rare opportunity to own a completely updated, income-producing piece of rock and roll historywhether as a full-time residence, weekend getaway, or short-term rental. It's truly a home like no other.
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017