42
Map
$399,000
●
House -
Off Market
289 Wiregrass Avenue
West Melbourne, FL 32904
3 Beds
2 Baths
1,770 Ft²
$2,367
Est. Monthly
$407
HOA / Fees
4.79%
Cap Rate
About This Property
SOLAR/NO ELECTRIC BILL-Beautiful single story 3 bedroom/2 bath home
in resort community of Sawgrass Lakes. The home invites you into
the primary open space w/ a great room that contains the living
room, kitchen, & dining room. Perfect for entertaining the kitchen
holds white shaker style cabinets & ample counter space including
an island, paired w/ stainless steel appliances. With a split floor
plan, the primary suite is located on one side of the home &
contains a private ensuite, while the remaining two bedrooms are on
the other side of the home & share the use of a full bath. The home
also holds a sizable laundry room. Outside you'll find a tranquil
waterfront view on a lake. A sprawling patio allows you to bask in
Florida living and blend your indoor and outdoor living seamlessly.
Enjoy tennis courts, playgrounds, large pool & waterpark. Close to
beach/river access as well as PSFB along with many local shops,
restaurants & more, do not miss your chance to make Melbourne home.
Unit Size
1,770 Ft²
Days on Market
40 days
Land Size
0.16 acres
Price per sqft
$225
Property Type
House
Property Taxes
-
HOA Dues
$407
Year Built
2021
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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: 2 years ago (Space Coast MLS #1047662)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 31, 2025 | Listed by EXP Realty, LLC | $399,000 | |
| Listed by EXP Realty, LLC | |||
| May 2, 2025 | Price Decreased |
$409,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed | $419,000 | |
| Listed | |||
| | |||
|
SOLAR/NO ELECTRIC BILL-Beautiful single story 3 bedroom/2 bath home in resort community of Sawgrass Lakes. The home invites you into the primary open space w/ a great room that contains the living room, kitchen, & dining room. Perfect for entertaining the kitchen holds white shaker style cabinets & ample counter space including an island, paired w/ stainless steel appliances. With a split floor plan, the primary suite is located on one side of the home & contains a private ensuite, while the remaining two bedrooms are on the other side of the home & share the use of a full bath. The home also holds a sizable laundry room. Outside you'll find a tranquil waterfront view on a lake. A sprawling patio allows you to bask in Florida living and blend your indoor and outdoor living seamlessly. Enjoy tennis courts, playgrounds, large pool & waterpark. Close to beach/river access as well as PSFB along with many local shops, restaurants & more, do not miss your chance to make Melbourne home.
| |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About West Melbourne
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Listed by: Brandon Michael Lape, EXP Realty, LLC
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 1047662
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: 2 years ago
Data Source: Space Coast MLS, MLS# 1047662
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