15
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$344,900
↓ $5K (1.4%)
●
House -
For Sale
287 Mcclain Drive
Melbourne, FL 32904
3 Beds
2 Baths
1,465 Ft²
$2,041
Est. Monthly
$17
HOA / Fees
About This Property
Check out this 3-bedroom, 2-bath home offers a spacious and airy
layout highlighted by cathedral ceilings that create an open,
light-filled living space.
The floor plan features a comfortable living area perfect for both relaxing and entertaining, along with a well-appointed kitchen that flows seamlessly into the dining space. The split-bedroom layout provides privacy, with a generous primary suite and two additional bedrooms ideal for family, guests, or a home office.
Step outside to enjoy the Florida lifestyle with a private backyard ready for gatherings, pets, or peaceful evenings. Conveniently located near shopping, dining, parks, and just a short drive to the beaches, this home offers both comfort and convenience.
Roof to be replaced before closing.
HWH 2021
HVAC 2019
The floor plan features a comfortable living area perfect for both relaxing and entertaining, along with a well-appointed kitchen that flows seamlessly into the dining space. The split-bedroom layout provides privacy, with a generous primary suite and two additional bedrooms ideal for family, guests, or a home office.
Step outside to enjoy the Florida lifestyle with a private backyard ready for gatherings, pets, or peaceful evenings. Conveniently located near shopping, dining, parks, and just a short drive to the beaches, this home offers both comfort and convenience.
Roof to be replaced before closing.
HWH 2021
HVAC 2019
Unit Size
1,465 Ft²
Days on Market
163 days
Land Size
0.21 acres
Price per sqft
$235
Property Type
House
Property Taxes
$330
HOA Dues
$17
Year Built
2001
Listed By
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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: 11 days ago (Space Coast MLS #1074932)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$344,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Apr 17, 2026 | Listed by Waterman Real Estate, Inc. | $349,900 | |
| Listed by Waterman Real Estate, Inc. | |||
| Oct 19, 2018 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Split Bedrooms
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Flooring Type: Tile, Vinyl
Laundry Features: Gas Dryer Hookup
Exterior Details
Square Footage: 1465
Square Footage Source: $0
Year Built: 2001
Levels: One
Construction Materials: Concrete
Patio and Porch Features: Screened
Lot Features: Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Square Feet: 9148
Water Source: Public
Financial Details
Tax Annual Amount: $3,958
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Other
HOA Fee: $200
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Timber Ridge
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Listed by: Kim Wilson, Waterman Real Estate, Inc.
Last Updated: 11 days ago
Data Source: Space Coast MLS, MLS# 1074932
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: 11 days ago
Data Source: Space Coast MLS, MLS# 1074932
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