24
Map
$325,000
●
House -
For Sale
2462 Appalachian Drive
Melbourne, FL 32935
3 Beds
2 Baths
1,308 Ft²
$2,020
Est. Monthly
$11
HOA / Fees
About This Property
PERFECT MELBOURNE STARTER HOME IN LANSING RIDGE COMMUNITY! Paid off
Solar Panels for low energy bills! New 2025 Hot Water Heater, AC
Serviced 2025. Tile flooring throughout the home! Breakfast nook in
the kitchen, and stainless steel appliances! Walk-in closet in the
master suite. Split floor plan, high ceilings, and arched doorways!
Spacious back yard for entertaining. Relax in the Tiki bar or
tinker in the shed. Both have electricity! Yard sprinkler
system attached to a well. Easy access to shopping, Dining, and the
beaches. Don't miss this opportunity to be in the highly desired
Lansing Ridge community. Schedule your private showing today!
Unit Size
1,308 Ft²
Days on Market
131 days
Land Size
0.17 acres
Price per sqft
$248
Property Type
House
Property Taxes
$412
HOA Dues
$11
Year Built
1995
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (Space Coast MLS #1077800)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by BHHS Florida Realty | $300,000 | |
| Listed by BHHS Florida Realty | |||
 | |||
|
CASH BUYERS & INVESTORS TAKE NOTICE! Opportunity awaits in the highly desirable Lansing Ridge community. This home offers great potential for buyers looking to add their personal touch and build equity. While the property could benefit from some TLC and updating, several key improvements have already been completed, including paid-off solar panels for significantly reduced energy costs, a new 2025 hot water heater, and an A/C system serviced in 2025.
Inside, you'll find a functional split-bedroom floor plan with high ceilings, tile flooring throughout, a cozy breakfast nook, stainless steel appliances, and a spacious primary suite featuring a walk-in closet. Step outside to a large backyard designed for entertaining, complete with a Tiki bar and storage shed--both equipped with electricity. The irrigation system is supplied by a private well.
The roof was installed in 2005 and the property is priced to reflect its condition. making it an excellent investment or renovation opportunity.
| |||
| May 20, 2026 | Listed by Saltwater Real Estate | $325,000 | |
| Listed by Saltwater Real Estate | |||
| Mar 28, 1995 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Vaulted Ceiling(s), Split Bedrooms
Appliances: Dishwasher, Dryer, Electric Oven, Microwave, Refrigerator, Washer
Flooring Type: Tile
Exterior Details
Square Footage: 1308
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 1995
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Front Porch, Rear Porch, Screened
Lot Features: Few Trees
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Water Source: Public
Financial Details
Tax Annual Amount: $4,945
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA Fee: $135
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lansing Ridge
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lisa Marie Vanlandingham, Saltwater Real Estate
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 1077800
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: 5 months ago
Data Source: Space Coast MLS, MLS# 1077800
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017