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3118 Edgewood Drive NE
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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%.
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | Listed by RE/MAX Solutions | $270,000 | |
| Listed by RE/MAX Solutions | |||
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Imagine stepping into your backyard on a sunny Florida afternoon, the gentle splash of your sparkling blue pool calling you in. Friends laugh on the patio while the scent of BBQ drifts through the air. Beyond your fully fenced yard lies a peaceful canal w/ untouched nature preserve stretching endlessly—your forever backdrop of privacy. Tile floors lead you through a beautifully remodeled home, where a brand-new kitchen w/ white shaker cabinets, quartz counters & ss appliances is ready for holiday feasts & Saturday morning pancakes. The primary suite offers a flex room—perfect for a cozy nursery, home office, or reading nook. A bonus room off the garage keeps your holiday treasures tucked away until it's time to decorate. The air is fresh with a hint of salt from the Indian River Lagoon, only minutes away for boat days, world-class fishing, and unforgettable sunsets—this isn't just a house, it's the start of your story. PS. In & out freshly painted & a brand new roof!!
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| May 22, 2025 | Sold | ||
| Sold | |||
| Apr 25, 2025 | In contract | - | |
| In contract | |||
| Apr 19, 2025 | Listed by BHHS Florida Realty | $220,000 | |
| Listed by BHHS Florida Realty | |||
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Back up offers welcome. This pool home backs onto a serene nature preserve, creating a private sanctuary of peace, beauty, and privacy. A 3 bedroom, plus an extension of the primary bedroom that is a nice flex space, 2 baths, completely fenced yard, a 1 car garage & a carport definitely allows it to feel larger than the numbers. A sturdy concrete block home with a new roof helps get you going! Though a bit of work is required, the opportunity to personalize combined with the attractive price makes this an exceptional value for a pool home. Just off of US1 allows easy & quick access to everything, but not too crowded of a feel on almost a 1/4 acre. Brevard County offers 72 miles of waterways, world-class fishing, upscale waterfront dining, and access to the area's top beaches and attractions, including Brevard Zoo and Kennedy Space Center! It just needs you!
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Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Port Malabar
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Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 908840
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