2320 Reef Avenue
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%.
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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| May 27, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Price Decreased |
$475,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Mar 10, 2026 | Listed by One Sotheby's International | $495,000 | |
| Listed by One Sotheby's International | |||
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Opportunity awaits in this 3-bedroom, 2-bath coastal residence that is ideally located in the heart of Indialantic's sought-after beachside community, just steps from private beach access to the Atlantic Ocean. Blending timeless comfort with the relaxed elegance of Florida living, the home offers both style and durability. Constructed of solid CBS block, the property provides peace of mind along with thoughtful upgrades that enhance both beauty and function.
Recent improvements include a newer roof, partial impact windows, and new luxury vinyl plank flooring throughout, creating a fresh coastal aesthetic that complements the home's classic character.
A standout feature is the newer enclosed Florida room, offering flexible living space perfect for relaxing, entertaining and more open space. The backyard offers space to create your own private outdoor retreat! Ideally positioned to shopping, top-rated schools and for everything the Space Coast lifestyle has to offer!
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| Feb 6, 2025 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017