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Palm Bay 32909 Coral Key
261 Grouper Circle SE
$620,000
● House - Off Market

261 Grouper Circle SE

Palm Bay, FL 32909
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,408 Ft²
$588,390
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Located in Coral Key, this spacious 5-bed 4-bath home boasts a tropical oasis w/ covered patio and screened pool!  Fully fenced yard w/ new white vinyl fence. Light and Bright with tile flooring th/out main living areas. Kitchen offers plenty of counter space with granite, spacious pantry & new SS gas range. The interior has been freshly painted. Recent upgrades include a new gas water heater, water softener and reverse osmosis system in 2022, new carpet in 2021, and a paved front porch & patio space outside screen enclosure in 2022. The heated Salt System Pool had pump replaced in 2023, and the entire pool screen enclosure has been replaced. Includes W/D and Security System with 5 cameras and alarms. Multigenerational needs met with 3 ensuite options! You will love this loved home!
Unit Size
3,408 Ft²
Days on Market
41 days
Land Size
0.24 acres
Price per sqft
$173
Property Type
House
Property Taxes
$653
HOA Dues
$200
Year Built
2012

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Cap Rate Calculator

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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: 5 months ago (Space Coast MLS #965991)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
May 26, 2023 Listed by Coastal Life Properties LLC $590,000
Listed by Coastal Life Properties LLC
Apr 6, 2021 Sold
Premium
Sold
Oct 22, 2020 Listed by Coastal Life Properties LLC $435,000
Listed by Coastal Life Properties LLC
Feb 27, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 570
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,352
  • Gross Building Area: 4,352
  • Building Area: 3,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,408
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORAL KEY
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CORAL KEY LOT 10 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071342

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: MB 57 PG 1
  • Account Number: 2964663
  • Parcel: 29-37-06-05-0000A.0-0010.00
  • Block: A
  • Lot: 10
  • Meridian: SEC 06 TWN 29S RNG 37E
  • Municipality: PALM BAY
  • Latitude: 27.9967
  • Longitude: -80.6602

    Address

  • Full Address: 261 Grouper Cir Se
  • Address - House Number: 261
  • Street Segment Direction: SE
  • Address - Street Name: Grouper
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Palm Bay
  • Carrier Code: R015
  • 4-Digit Zip Code: 3683
  • Zip Code: 32909

Valuation

    Tax

  • Total Area: 3,844
  • Tax Year: 2022
  • Tax Amount: $784,057
  • Tax Rate Code Area: 54U0

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 628,904
  • High Value: 742,560
  • Low Value: 515,248

    Market Valuation

  • Market Total Value: $458,020

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $458,020

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 148370
  • Previous Sale Recording Date: Apr 06, 2021
  • Previous Sale Contract Date: Apr 05, 2021
  • Previous Sale Amount: $435,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Port Malabar

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1780 ft²

Average Home Age

16.5 years

Currently For Sale

1411 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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SpaceCoast

Listed by: Jenn Clements, Coastal Life Properties LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 965991
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.

Frequently Asked Questions

When was property at 261 Grouper Circle Southeast built and last sold?
The property at 261 Grouper Circle Southeast was built in 2012 and last sold on Jul 6, 2023 for $620,000.
How much is this home worth?
The estimated value of the home located at 261 Grouper Circle Southeast is $0.
What are some comparable homes to 261 Grouper Circle Southeast?
There are currently no comparable homes to 261 Grouper Circle Southeast.
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