2
Map
$510,000
↓ $10K (1.9%)
●
House -
For Sale
2862 Indian River Parkway
Mims, FL 32754
5 Beds
3 Baths
2,490 Ft²
$2,655
Est. Monthly
$125
HOA / Fees
About This Property
the Covington, a spacious single-story home offering 2,490 Sq. Ft.
of thoughtfully designed living space in the heart of Indian River
Preserve. With 4-5 bedrooms, 3 baths, and a 3-car garage, this he
combines modern comfort with timeless style - perfect for both
relaxing and entertaining.The open-concept layout features a bright
and inviting living room that flows seamlessly into the dining area
and gourmet kitchen. Large windows fill the space with natural
light, while the covered lanai extends your living area outdoors,
creating the ideal setting for Florida's year-round sunshine.
The gourmet kitchen serves as the centerpiece of the home, featuring designer 42-inch cabinetry, quartz countertops, stainless-steel appliances, a generous island, and a walk-in pantry. The private primary suite offers a peaceful retreat with a luxurious bath showcasing a tiled shower, dual-sink vanity, and expansive walk-in closet.
Three additional bedrooms and two full baths provide plenty of space.
The gourmet kitchen serves as the centerpiece of the home, featuring designer 42-inch cabinetry, quartz countertops, stainless-steel appliances, a generous island, and a walk-in pantry. The private primary suite offers a peaceful retreat with a luxurious bath showcasing a tiled shower, dual-sink vanity, and expansive walk-in closet.
Three additional bedrooms and two full baths provide plenty of space.
Unit Size
2,490 Ft²
Days on Market
47 days
Land Size
0.39 acres
Price per sqft
$205
Property Type
House
Property Taxes
$25
HOA Dues
$125
Year Built
-
Listed By
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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: 6 days ago (Space Coast MLS #1086504)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$510,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 1, 2026 | Listed by D.R.Horton Realty of Melbourne | $519,630 | |
| Listed by D.R.Horton Realty of Melbourne | |||
| Jun 7, 2026 | Listed by D.R.Horton Realty of Melbourne | $516,910 | |
| Listed by D.R.Horton Realty of Melbourne | |||
  | |||
|
the Covington, a spacious single-story home offering 2,490 Sq. Ft. of thoughtfully designed living space in the heart of Indian River Preserve. With 4-5 bedrooms, 3 baths, and a 3-car garage, this he combines modern comfort with timeless style - perfect for both relaxing and entertaining.The open-concept layout features a bright and inviting living room that flows seamlessly into the dining area and gourmet kitchen. Large windows fill the space with natural light, while the covered lanai extends your living area outdoors, creating the ideal setting for Florida's year-round sunshine.
The gourmet kitchen serves as the centerpiece of the home, featuring designer 42-inch cabinetry, quartz countertops, stainless-steel appliances, a generous island, and a walk-in pantry. The private primary suite offers a peaceful retreat with a luxurious bath showcasing a tiled shower, dual-sink vanity, and expansive walk-in closet.
Three additional bedrooms and two full baths provide plenty of space.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Entrance Foyer, His and Hers Closets, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
Flooring Type: Carpet, Other
Exterior Details
Square Footage: 2490
Square Footage Source: $0
Security Features: Security Gate, Smoke Detector(s)
Architectural Style: Traditional
Year Built: 2026
Levels: One
Construction Materials: Block, Stucco
Patio and Porch Features: Patio
Lot Features: Other
Lot Size Area: 0.39
Lot Size Units: Acres
Lot Size Acres: 0.39
Lot Size Square Feet: 16988
Water Source: Public
Financial Details
Tax Annual Amount: $298
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA Fee: $125
HOA Fee Frequency: Quarterly
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 New South Wales and Lorrikeet at Walkabout
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Listed by: Howard J. Darvin, D.R.Horton Realty of Melbourne
Last Updated: 6 days ago
Data Source: Space Coast MLS, MLS# 1086504
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: 6 days ago
Data Source: Space Coast MLS, MLS# 1086504
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