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2830 COLBERT CIRCLE
About This Property
Location, lifestyle, and value - this Melbourne gem checks all the boxes! Move-in ready, this home is the perfect opportunity for a first-time buyer, savvy investor, or anyone looking to enjoy the Space Coast lifestyle without breaking the bank.
Just 5 minutes from Downtown Melbourne and the beautiful beaches, you'll have local dining, shopping, entertainment, and endless coastal fun right at your fingertips.
Walk to school at Florida Institute of Technology!!!
*Updated & Move-In Ready
*Minutes to the Beach
*Convenient Melbourne Location
*Motivated Seller - Bring Your Best Offer!
Opportunities like this don't come around often. Come take a look, fall in love, and make your offer!
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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 |
|---|---|---|---|
| Sep 6, 2026 | Listed by EPIQUE REALTY INC. | $229,900 | |
| Listed by EPIQUE REALTY INC. | |||
| Nov 4, 2024 | Listed | $229,900 | |
| Listed | |||
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***Seller MOTIVATED!*** Come see your starter home. If you are looking to be near the beach with affordability this IS your place. This home has been renovated is move in ready.
As they say LOCATION, LOCATION, LOCATION!! The city of Melbourne describes it this way: ------------------------
With its pastel-painted historic buildings, colorful murals, and sidewalks lined with palm trees, Downtown Melbourne combines a beachy vibe with locally-owned boutiques, restaurants, and bars. The atmosphere is fun-loving and carefree, but this is much more than a resort town. Downtown Melbourne is the business core of the Space Coast, with major employers like the nearby Space Center, Rockwell Collins, Northrop Grumman, and Harris Corporation. High-tech industries and charming shops aside, Downtown Melbourne is also minutes from the beaches along what's called the Space Coast -- cross the bridge over the Indian River, and you'll discover a strand of white-sand beaches and crashing waves. After a day at the beach, residents of Downtown Melbourne can visit Meg O'Malley's Restaurant and Irish Pub, a local favorite, or catch a show at the Henegar Center for the Arts.
*********SELLER MOTIVATED bring your offer and pick up this Melbourne home at a steal.
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| Mar 21, 2024 | Sold | ||
| Sold | |||
| Jan 30, 2024 | Listed by The Keyes Co. | $195,000 | |
| Listed by The Keyes Co. | |||
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PENDING ACCEPTING BACKUP OFFERS!! SHOWINGS ACCEPTED - Trouble finding a Florida home under $200k? Look no further! This 2-bed, 1-bath gem, under 5 miles from the beach, offers comfort and convenience. Nestled near downtown Melbourne, walk to the middle school, and just 1 mile from Florida Tech. The interior features renovated floors, bathroom, and walls, plus new stainless steel appliances. Additional space is ready to be converted into a third room or office. Partially furnished with two mounted flat-screen TVs. Newer metal roof and 2015 water heater. Enjoy coastal living with shopping, dining, and entertainment nearby. Contact us for a private tour and make this Melbourne retreat your own!
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| Aug 22, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017