44
Map
$1,025,000
●
House -
In Contract
255 Utopia Circle
Merritt Island, FL 32952
5 Beds
3 Baths,
1
Half Bath
3,783 Ft²
$6,136
Est. Monthly
$168
HOA / Fees
About This Property
Boat dock, pool, 1 acre and a South Tropical Trail address. This
Egret's Cove property is giving island dream home in all the right
ways. Designed for the buyer who wants space, style and a lifestyle
that feels anything but basic, it offers private marina access with
a deeded deep water boat slip on the Indian River, a sparkling pool
for weekends at home, a shaded lanai for breezy evenings and a
tropical backyard with room to breathe. Inside, a large gourmet
kitchen anchors generous living spaces, while the huge family room
with wet bar and fireplace is made for game day, holiday gatherings
or a quiet night in style. Recent updates include a 2021 roof,
upstairs hurricane rated windows, flooring, pool surface, paver
deck, exterior paint, newer ACs, water heaters, EV charging and
more. Close to the Space Center, Melbourne, Viera, beaches,
shopping, schools and I-95, this is island living with convenience,
comfort and a little bragging rights built in.
Unit Size
3,783 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$271
Property Type
House
Property Taxes
$935
HOA Dues
$168
Year Built
1988
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: 12 days ago (Space Coast MLS #1081622)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Price Decreased |
$1,025,000
↓ $100K
(8.9%) | |
| Price Decreased | |||
| Jul 4, 2026 | Price Decreased |
$1,125,000
↓ $125K
(10%) | |
| Price Decreased | |||
| Jul 3, 2026 | Listed by Better Homes & Gardens RE Star | $1,250,000 | |
| Listed by Better Homes & Gardens RE Star | |||
| Jun 16, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener, RV Access/Parking
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in 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), Wet Bar, Other, Primary Bathroom - Tub with Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Electric Water Heater, Gas Range, Ice Maker, Microwave, Refrigerator
Flooring Type: Tile, Wood
Has Fireplace
Fireplace Features: Wood Burning, Other
Exterior Details
Square Footage: 3783
Square Footage Source: $0
Architectural Style: Contemporary, Traditional, Mid-Century Modern
Year Built: 1988
Levels: Two
Construction Materials: Frame, Stucco
Patio and Porch Features: Covered, Patio, Porch, Screened
Pool Features: In Ground
Pool is Private
Lot Features: Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 1
Lot Size Units: Acres
Lot Size Acres: 1
Lot Size Square Feet: 43560
Water Source: Public, Well
Financial Details
Tax Annual Amount: $11,214
Utilities Details
Cooling Type: Central Air, Electric, Multi Units
Heating Type: Central, Electric
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Amenities: Boat Dock, Boat Slip, Marina, Boat Launch
HOA Fee: $168
HOA Fee Frequency: Quarterly
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 Egrets Cove
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Barbara J Zorn, Better Homes & Gardens RE Star
Last Updated: 12 days ago
Data Source: Space Coast MLS, MLS# 1081622
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: 12 days ago
Data Source: Space Coast MLS, MLS# 1081622
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017