3007 Illuminate Place
About This Property
Built in 2022 and tucked away on a quiet cul-de-sac, this 3 bedroom, 2 bathroom home offers 1,581 square feet of thoughtfully designed space with peaceful water views and a layout that truly flows. From the moment you walk in, you'll notice the open floor plan, tile throughout the main living areas, and plantation shutters that add both style and privacy.
The kitchen is the heart of the home, featuring granite countertops, a beautiful new backsplash, and plenty of space to gather around while meals are being made. It opens seamlessly into the living and dining areas, making it perfect for entertaining or simply enjoying time together.
The primary suite feels like its own private escape, complete with a large jetted soaking tub, double vanity, and direct access to the pool deck. Imagine stepping outside first thing in the morning to your screened-in saltwater pool, coffee in hand, overlooking the water. Evenings here are just as special.
The 2 car garage provides extra storage, and living in this golf cart friendly community means quick, easy access to the Addison Village Clubhouse, top rated schools, shopping, restaurants, and everything Viera has to offer.
If you've been searching for a move-in ready home with a pool, water views, and that easy Florida lifestyle, this one checks all the boxes.
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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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$525,000
↓ $24K
(4.4%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Decreased |
$549,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Feb 13, 2026 | Listed by Keller Williams Realty Brevard | $559,000 | |
| Listed by Keller Williams Realty Brevard | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017