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$309,999
●
House -
In Contract
2977 Sebastian Lane
Melbourne, FL 32935
3 Beds
2 Baths
1,264 Ft²
$1,776
Est. Monthly
$19
HOA / Fees
8.16%
Cap Rate
About This Property
Welcome to 2977 Sebastian Lane in Melbourne, a move-in-ready home
that makes everyday life feel easy. This 3-bedroom, 2-bath home
offers 1,264 square feet of bright, comfortable living space in the
heart of central Melbourne, close to the restaurants, shopping,
parks, and schools you actually use. Inside, the split floor plan
gives everyone a little privacy, while vaulted ceilings and an open
layout fill the home with natural light and create a spacious feel
the moment you walk in. Tile flooring throughout keeps the home
cool, clean, and low-maintenance. The kitchen offers plenty of
counter space for cooking, gathering, and everyday moments with
family and friends. Major updates, including a newer roof, fresh
exterior paint, and stucco refinishing in 2022, mean less stress
and more time enjoying the fenced backyard, perfect for pets, BBQs,
or relaxing evenings at home. It's the kind of home that simply
feels comfortable from day one and easy to enjoy every single day.
Unit Size
1,264 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$245
Property Type
House
Property Taxes
$235
HOA Dues
$19
Year Built
1995
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: 21 days ago (Space Coast MLS #1040434)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$309,999
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Apr 6, 2026 | Price Decreased |
$314,995
↓ $5
(0%) | |
| Price Decreased | |||
| Jan 7, 2026 | Price Decreased |
$315,000
↓ $35K
(10%) | |
| Price Decreased | |||
| Dec 29, 2025 | Back on market | - | |
| Back on market | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage, On Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Entrance Foyer, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom - Shower No Tub, Primary Bathroom -Tub with Separate Shower, Primary Downstairs
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Flooring Type: Carpet, Tile
Laundry Features: Electric Dryer Hookup, In Unit
Rooms: 7
Exterior Details
Square Footage: 1264
Square Footage Source: $0
Security Features: Security System Owned
Architectural Style: Ranch
Year Built: 1995
Building Area Total: 1680
Levels: One
Construction Materials: Block, Stucco
Patio and Porch Features: Deck
Lot Features: Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Water Source: Public
Financial Details
Tax Annual Amount: $2,818
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Maintenance Grounds, Management, Pool, Tennis Court(s)
HOA Fee: $225
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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Asking Price
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Closing Price
Sold On
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HOA + Taxes
About James Landing
Similar Homes for Sale
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Listed by: Matthew R Stebbins, Dalton Wade, Inc.
Last Updated: 21 days ago
Data Source: Space Coast MLS, MLS# 1040434
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: 21 days ago
Data Source: Space Coast MLS, MLS# 1040434
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