29
Map
303 Hibiscus Trail
About This Property
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Nov 15, 2025 | Price Decreased |
$1,025,000
↓ $74K
(6.7%) | |
| Price Decreased | |||
| Sep 19, 2025 | Listed by Dale Sorensen Real Estate Inc. | $1,099,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| | |||
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Discover this beautifully renovated pool home situated on .37 acres in the highly desired SOFA area of Melbourne Beach! This 4-bedroom, 3-FULL bathrooms, concrete block residence offers exclusive beach access shared with just 20 other homes, allowing you to reach the sand in a quick 5 minute walk. Enjoy features like wood-look tile flooring throughout, a wood burning fireplace, hurricane impact windows and doors, as well as updated electrical & plumbing and a 2020 HVAC system! The kitchen boasts ample storage with a pool view, while the laundry room includes an extra refrigerator! Outdoors, relax in the spacious east-facing covered lanai, listen to the ocean waves, or take a dip in the large pool surrounded by a paver deck and fully fenced yard, complemented by a storage shed and low-maintenance xeriscaping. With gates on both sides, there's ample room for a boat or RV, a huge circular driveway for family gatherings, and an oversized 2-car garage for all your beach gear. Conveniently located near restaurants and shops, the beach and Atlantic Ocean, the Indian River, and a short drive over the causeway will get you to mainland! This is the home everyone is looking for in Melbourne Beach! Please see feature sheet!
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| Aug 30, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017