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259 Montecito Drive
About This Property
The backyard is ideal for Florida living, featuring a saltwater pool added in '20, screened porch, and vinyl privacy fence--perfect for entertaining or relaxing in privacy. A beautiful barrel tile roof and freshly painted exterior(''24), 2 HVACS '21 &'18. Inside, the open-concept layout is filled with natural light and enhanced by new interior lighting ('22). The expansive kitchen is a centerpiece of the home, showcasing a large island, granite countertops, generous cabinetry, and a large pantry, all open to the main living areas, ideal for gatherings and everyday living. The primary suite is conveniently located downstairs and features a large walk-in closet & a spa-like bathroom. with a soaking tub and separate shower. Upstairs, you'll find three additional bedrooms along with a versatile loft/living space, perfect for a home office, media room, or play area. The staircase is accented by a beautiful railing, adding architectural charm.
Additional upgrades include partial hurricane impact windows installed in 2024, with one window equipped with an automated shutter, the remaining have manual hurricane shutters for added convenience and protection.
Located in one of Satellite Beach's most sought-after neighborhoods, Montecito offers a gated setting, club house, community resort style pool, lawn maintenance, fitness center, a playground and proximity to beaches, parks, shopping, dining, and major employers. This home combines Space Coast lifestyle, coastal elegance, and modern upgrades,a rare opportunity in an exceptional location.
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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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Price Decreased |
$739,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jan 16, 2026 | Listed by Barrier Island Properties | $749,900 | |
| Listed by Barrier Island Properties | |||
| Dec 14, 2012 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017