305 Atlantic Drive
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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 1, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Price Decreased |
$699,900
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Apr 5, 2025 | Listed by RE/MAX Aerospace Realty | $749,900 | |
| Listed by RE/MAX Aerospace Realty | |||
| | |||
|
Now Offered at $699,000 - Exceptional Value in Melbourne Beach!
Step into this stunning, nearly new concrete block home built in 2021, just blocks from the beach — now priced to reflect the quality and peace of mind that newer construction provides. Built to the latest Florida building codes with hurricane impact windows, a full-house generator hookup, and located in a community with a low, voluntary HOA ($50/year), this home offers durability, storm protection, significantly lower insurance costs, and exceptional value compared to older, stick-built homes.
Featuring three spacious bedrooms, a dedicated office, and custom plantation shutters throughout, this home blends comfort, style, and functionality. Wood plank tile floors flow seamlessly throughout the open layout, leading to breathtaking water views and an airy, sunlit interior.
The thoughtfully designed kitchen includes 42-inch cabinets, a massive island with quartz waterfall countertops, an oversized pantry, and stainless steel appliances all overlooking the expansive great room and covered patio beyond, ideal for everyday living and entertaining.
The main suite is your private retreat with a spa-like bath: dual vanities, soaking tub, walk-in shower, quartz counters, and elegant tilework. Two additional generous bedrooms and a full hall bath complete the thoughtful floorplan.
Outside, enjoy peaceful canal views and the flexibility to create your ideal outdoor space. Whether you prefer a low-maintenance yard to minimize insurance and electric costs, or dream of adding a pool, kitchen, or garden oasis, the choice is yours. Launch a kayak, canoe, or cast a line from your private seawall and enjoy true coastal living.
Now priced to move, this home offers the rare combination of new construction, beachside location, lower ownership costs, and undeniable lifestyle appeal. Don't miss this opportunity schedule your showing today.
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| Aug 12, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017