240 Utopia Circle
About This Property
A rare private boat ramp, 300-foot dock with double slips, 10,000-lb lift, and direct access to the Indian River make this a true boater's dream. Watch rocket launches from your own backyard or unwind beside the deep, heated pool and spa. The outdoor kitchen includes a grill, smoker, fridge, and covered lounge space ideal for entertaining. The backyard feels incredibly private, framed by mature landscaping that creates a peaceful sanctuary.
Inside, a dramatic two-story foyer opens to refined living areas with wood and tile floors, two fireplaces, and a wet bar. The expansive chef's kitchen features a massive granite island, induction cooktop, full-size fridge and freezer, walk-in pantry, and double ovens. A spiral staircase leads to an upstairs sitting area overlooking the great room.
The primary suite is a luxurious sanctuary with four sets of glass doors showcasing river views, a fireplace, oversized closet, spa-like bath, and a private sitting room with custom built-ins. It also opens to a river-facing balcony, shared by a guest suite that offers its own stunning sunrise views, perfect for peaceful mornings or quiet evenings above the water.
Thoughtful upgrades elevate both function and comfort throughout the home. You'll find a durable metal roof, full impact-rated windows and doors for optimal protection. The home is wired with whole-house audio and a full security camera system. A 22KW Generac generator is powered by a 1,000-gallon buried propane tank, and the irrigation system is sourced from an Artesian well. The spacious 4-car garage has been recently resurfaced with a sleek epoxy coating, offering a polished, showroom-quality finish.
Conveniently located just minutes from pristine beaches, the Melbourne Orlando International Airport, and the thriving Space Coast corridor, this home offers unparalleled access to the booming space and defense industries fueling the region's rapid growth. Experience luxury waterfront living with easy access to everything that makes this area extraordinary.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 1, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2025 | Price Decreased |
$2,150,000
↓ $245K
(10.2%) | |
| Price Decreased | |||
| Jul 9, 2025 | Listed by One Sotheby's International | $2,395,000 | |
| Listed by One Sotheby's International | |||
| Oct 7, 2014 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Egrets Cove
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 5 Beds
- 4 Baths
- 4,000 ft²
$3,400 /mo
- 3 Beds
- 2 Baths
- 1,971 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017