2700 Corey Road
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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%.
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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 |
|---|---|---|---|
| Apr 17, 2025 | Listed | $1,499,900 | |
| Listed | |||
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Welcome to 2700 Corey Road in Malabar, Florida—an exceptional estate offering the perfect blend of luxury, privacy, and versatility on nearly 10 pristine, subdividable acres. Set back on a peaceful country road, this custom-built home sits elevated on a stem wall and is constructed with durable 2x6 pressure-treated Douglas Fir. It's topped with 50-year shingles and outfitted with double-pane, 130 mph wind rated windows for peace of mind. Inside, the home is filled with natural light, soaring vaulted ceilings, custom beams, and a cozy wood-burning fireplace that has never even been used. The kitchen is a chef's dream with solid oak cabinets, exotic granite counters, stainless steel appliances, recessed and under-cabinet lighting, and a breakfast nook with built-ins overlooking the screened-in, free-form pool and paver patio. The spacious primary suite offers serene views of the pool and pond, a walk-in closet with A/C, and a luxurious bathroom w/ dual shower heads and Armstrong Hickory hardwood floors. Three additional oversized bedrooms, including one currently used as an office with custom built-ins and wood floors, plus a loft landing upstairs, provide plenty of space for work, guests, or play. The home also includes two beautifully finished full bathrooms and a convenient half-bath off the kitchen with easy pool access. A large laundry room with utility sink, storage, and folding counter adds everyday functionality.What truly sets this property apart is the 2,560-square-foot detached garage under air, complete with two 12x12 garage doors, 2 RV hookups, a welder outlet, 7000 lb lift, and a commercial-grade air compressor, ideal for hobbyists, collectors, or business use. The property is fully equipped with two wells (for drinking and irrigation), a full irrigation system, and a stocked pond with koi and gamefish supported by an aeration system. Major upgrades include a new pool pump and filter, full pool enclosure rescreen, a new home water pump, premium Kinetico water softener and reverse osmosis systems, and an energy-efficient Rheem 50-gallon hot water heater. The home has a transferable termite bond and a commercial-grade Toro zero-turn mower is included.With zoning flexibility, extensive land improvements, and the potential to subdivide, this is more than a home, it's a long-term investment in lifestyle and land. Whether you're dreaming of a hobby farm, workshop haven, or private retreat near the beaches and river, this property offers the space to breathe and the freedom to thrive.
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| Jul 29, 2020 | Sold | ||
| Sold | |||
| Jun 12, 2020 | Listed by RE/MAX Solutions | $689,000 | |
| Listed by RE/MAX Solutions | |||
| Jul 31, 2003 | Sold | ||
| Sold | |||
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About Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017