SELLER OFFERING $15,000 FOR BUYERS INTEREST RATE BUY DOWN OR
CLOSING COST W/ ACCEPTABLE OFFER . Stunning West Melbourne
pool home This 5 bedroom 4 full bath plus office (which could be
6th bedroom )boasts upgrades galore with 8.10 kw Solar rack mounted
system with no loan for solar panels huge benefit of little to no
power bills. Home has beautiful screened in saltwater pool and sits
on .72 of an acre. oversized 3 car garage built extra deep (21 feet
deep) 8 foot doors, quartz countertops, kitchen island with prep
sink, double ovens & gas range, ventless gas fireplace, leased 500
gallon buried propane tank, poured generator pad . Large paved
driveway with plenty of space for all the cars & toys. Hurricane
shutters, roof 2025, hybrid water heater, 2 brand new AC Aug 2026,
plantation shutters throughout many many more upgrades come see for
yourself. Low monthly HOA pays for cable & internet, pickle ball
courts, tennis court and RV storage.
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.
Last updated: 11 days ago (Space Coast MLS #1086630)
Price History
Date / Event
Date
Event
Price
Sep 25, 2026
In contract
-
In contract
Sep 17, 2026
Price Decreased
$770,000
↓ $5K
(0.7%)
Price Decreased
Sep 3, 2026
Listed by Real Broker, LLC
$775,000
Listed by Real Broker, LLC
Sep 12, 2022
No longer available
-
No longer available
Aug 4, 2022
Price Increased
$800,000
↑ $1K
(0.1%)
Price Increased
Jul 3, 2022
Price Decreased
$799,000
↓ $101K
(11.2%)
Price Decreased
May 28, 2022
Listed by RE/MAX Solutions
$899,900
Listed by RE/MAX Solutions
2015 SOLAR HOME! Easy Access to Orlando, I-95, the airport and the beaches! Great for the executive that travels! This is a 4 bedroom, 4 full bath home with a separate office, 3 car garage, huge bonus room, and a salt water screened pool on a .72 acre lot! Everything you could want is here! Home boasts 8' doors, plantation shutters, and a ventless gas fireplace. The kitchen has 42'' cabinets, quartz countertops an island with a prep sink, double ovens, and a gas range. This energy efficient home has an 8.10kw Solar Rack Mounted System. The upstairs bonus room, has a full bath and extra closet space. Storm ready with Hurricane Shutters! There is a 500 gallon leased propane tank, and a pad was poured for a generator. Too many upgrades to list! The manager has listed the unit size as 3161 square feet.
Jan 3, 2020
No longer available
-
No longer available
Jul 8, 2019
Listed
$549,900
Listed
You must see this modified Monterey II shows like a model. 4 bedroom, 4 bath, 3 car garage, with a huge bonus room, and a salt water screened pool on a .72 acre lot! Everything you could want is here! Home boasts 8' doors, plantation shutters, and a ventless gas fireplace. The kitchen has 42'' cabinets, quartz countertops an island with a prep sink, double ovens, and a gas range. This energy efficient home has an 8.10kw Solar Rack Mounted System. Electric bill averages less than $50/month! The upstairs bonus room, has a full bath and extra closet space. There is a 500 gallon leased propane tank, and a pad was poured for a whole house generator. Too many upgrades to list! The manager has listed the unit size as 3161 square feet.
Parking Features: Garage, Garage Door Opener, Guest, On Street
Garage Spaces: 3
Interior Details
Full Bathrooms: 4
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms
Appliances: Dishwasher, Disposal, Double Oven, Dryer, Electric Oven, Electric Water Heater, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Solar Hot Water, Washer
Flooring Type: Carpet, Tile
Laundry Features: Electric Dryer Hookup, Lower Level
Has Fireplace
Fireplace Features: Gas
Fireplaces: 1
Exterior Details
Square Footage: 3161
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Updated/Remodeled
Architectural Style: Traditional
Year Built: 2015
Building Area Total: 3799
Levels: Two
Construction Materials: Block, Stucco
Patio and Porch Features: Front Porch, Rear Porch, Screened
Pool Features: In Ground, Salt Water, Screen Enclosure
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