300 Bay Point Drive
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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 |
|---|---|---|---|
| Mar 11, 2015 | Sold | ||
| Sold | |||
| Nov 16, 2014 | Listed by RE/MAX Expertise | $825,000 | |
| Listed by RE/MAX Expertise | |||
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Build your dream home on this unique direct Indian River/Intracoastal estate homesite. Amazing peninsula site is one of the most desirable riverfront locations in the county. It's nestled on Bay Point, with over 400 feet of waterfront! Gorgeous water views on 3 sides, in an exclusive, gated subdivision between the causeways in Melbourne. Majestic, century old live oak trees create a serene, park-like setting. The panoramic watercolor sunrises in the morning are breathtaking. The stars overhead & twinkling lights from the Causeway at night are stunning too. The coquina rock seawall, beautiful dock and century old oaks enhance the value even more. This is a rare find, an absolute jewel.So please… Do yourself a favor and let’s make an appointment to walk this rare find today!
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| Apr 1, 2013 | Listed by Treasure Coast Sotheby's Intl | $775,000 | |
| Listed by Treasure Coast Sotheby's Intl | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017