86
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$1,275,000
●
House -
Off Market
245 Loggerhead Drive
Melbourne Beach, FL 32951
4 Beds
3 Baths
3,238 Ft²
$8,167
Est. Monthly
$220
HOA / Fees
1.24%
Cap Rate
About This Property
Discover this original riverfront home in a gated community near
pristine Melbourne Beach! Custom-built on .43 acres, featuring 12' ceilings, 3 bdrms + office, 3 baths, a 2-car garage, and a large
pool w/spa & decking, offering stunning river views. The formal
living & dining rooms share a wet bar, ideal for entertaining, with
sliders for dolphin watching & sunsets. The owner's suite boasts
his/her walk-in closets, dual vanities, a garden tub, & separate
shower. The kitchen features ample cabinets & a center island,
while the family room has a cozy fireplace. Two guest bdrms offer
privacy in this split plan. Accordion storm shutters ensure peace
of mind. Beach access & clubhouse w/locker rooms & restrooms can be
reserved for cookouts. Enjoy the best of riverfront living and
coastal lifestyle!
Unit Size
3,238 Ft²
Days on Market
167 days
Land Size
0.43 acres
Price per sqft
$463
Property Type
House
Property Taxes
$582
HOA Dues
$220
Year Built
1999
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Space Coast MLS #1010752)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Jun 1, 2024 | Price Decreased |
$1,499,900
↓ $100K
(6.3%) | |
| Price Decreased | |||
| May 2, 2024 | Listed by RE/MAX ELITE | $1,599,900 | |
| Listed by RE/MAX ELITE | |||
| | |||
|
Discover this original riverfront home in a gated community across from one of the most pristine beaches in Melbourne Beach! Custom built, nestled on .43 acres, featuring 12'' ceiling, 3bdrms+office/3ba/2-car garage & a large pool w/spa w/sizable decking & some of the most stunning river views available.The formal living and dining rooms share a wet bar, perfect for entertainers! It's enhanced by sliders for watching dolphins and breathtaking sunsets. The owner's suite offers luxury & convenience with his/her walk-in closets, dual vanities, a garden tub, and a separate walk-in shower. The kitchen offers cabinets galore and a center island, while the family room offers a fireplace for winter nights. Two other guest bdrms enjoy privacy on this formidable split plan. For peace of mind, this home is equipped with accordion storm shutter. The beach access & clubhouse are across the entrance. It is equipped w/locker rooms for your gear & restrooms & can be reserved for cookouts.
| |||
| Apr 11, 2024 | Listed by RE/MAX Elite | $1,599,900 | |
| Listed by RE/MAX Elite | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Turtle Bay
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Listed by: Silvia Mozer, RE/MAX Elite
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 1010752
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 1010752
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