24
Map
$238,000
●
House -
Off Market
3046 Sebastian Lane
Melbourne, FL 32935
3 Beds
2 Baths
1,318 Ft²
$277,264
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Great layout with the large great room with soaring vaulted
ceilings and transom windows above the sliders. The great
room overlooks the vaulted lanai and the majestic oaks out back.
The master bedroom has an en-suite bathroom with a garden soaking
tub, walk-in closet, and separate shower for when you are on the
go. The master bedroom sliders lead to the trussed screened
lanai. Even the 3rd bedroom has sliders to the lanai too.
This is located on a corner lot with a 2 car garage and
inviting entry with nice curb appeal. This home needs some
TLC with some new flooring and paint to really shine. Perfect for
the investor who wants to rent it or the owner who wants some sweat
equity. Below market price being sold in its As Is condition.
Unit Size
1,318 Ft²
Days on Market
40 days
Land Size
0.12 acres
Price per sqft
$173
Property Type
House
Property Taxes
$268
HOA Dues
$18
Year Built
1996
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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: 4 months ago (Space Coast MLS #898473)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Price Decreased |
$349,000
↓ $6K
(1.7%) | |
| Price Decreased | |||
| May 23, 2025 | Listed by BHHS Florida Realty | $355,000 | |
| Listed by BHHS Florida Realty | |||
| | |||
|
Beautifully Updated Corner Home in Prime Location!
Welcome to this stunning 3-bedroom, 2-bathroom corner lot home, fully updated and move-in ready. Ideally located in the heart of town, minutes from Wickham Park, Eau Gallie Arts District, and a variety of shopping and dining options.
Step inside to discover a light-filled, open floor plan featuring vaulted ceilings and abundant windows that create a bright and airy ambiance. The split-bedroom layout ensures privacy, with the spacious primary suite separated from the guest rooms.
Enjoy seamless indoor-outdoor living—three rooms open directly to the charming back patio, perfect for relaxing or entertaining. The upgraded kitchen has stainless steel appliances, and both bathrooms and flooring have been renovated. Additional highlights include:
New Roof & A/C (2021) - Hot Water Heater (2025) - Accordion Shutters (2021) - Main Water Line (2023) - 2-Car Garage - Low HOA -This home offers the perfect blend of comfort and style.
| |||
| Apr 20, 2021 | Sold | ||
| Sold | |||
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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 James Landing
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Listed by: Andrea L Simon, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 898473
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: 4 months ago
Data Source: Space Coast MLS, MLS# 898473
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