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Brevard 32951 Riverside Landing of South Brevard
334 Island Drive
Photo of 334 Island Drive
Sold on Nov 8, 2022

127

Map

Photo of 334 Island Drive
Photo of 334 Island Drive
$915,000
● House - Off Market

334 Island Drive

Melbourne Beach, FL 32951
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,603 Ft²
$981,324
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Luxury living at its BEST! Immaculate, recently remodeled Melbourne Beach dream home located in the highly desirable Ocean to River community of Riverside Landing. Nestled in a cul-de-sac with an amazing Lakefront view, enjoy family-time around the patio firepit, love the sunsets directly from the community river pier, & take a quick walk to the ocean - all on the same day. New Kitchen w/ LG stainless steel appliances. SMART HOME w/ Wi-Fi enabled A/C, W&D, lighting, entry access, etc. Gorgeous panoramic view of the rock waterfall custom pool. 2-story screen enclosure. Stunningly spacious bedroom makes a perfect media room. 2 stone fireplaces, dramatic architectural details, 2 newer A/C systems 2017 (serviced 7/22), NEW ROOF 2022! A rare find in a great neighborhood!
Unit Size
3,603 Ft²
Days on Market
101 days
Land Size
0.22 acres
Price per sqft
$258
Property Type
House
Property Taxes
$559
HOA Dues
$58
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 months ago (Space Coast MLS #940182)

Price History

Date / Event Date Event Price
Nov 14, 2022 Sold
Premium
Sold
Jul 9, 2022 Listed by RE/MAX Elite $929,900
Listed by RE/MAX Elite
Apr 19, 2016 Sold
Premium
Sold
Jun 6, 2015 Listed by RE/MAX Elite $539,900
Listed by RE/MAX Elite
May 2, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 578
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 4,733
  • Gross Building Area: 4,733
  • Building Area: 3,226
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,226
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERSIDE LANDING OF SOUTH BREVARD
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: RIVERSIDE LANDING OF SOUTH BREVARD LOT 40

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066104

Zoning

  • Zoning: RU-2-4

Geography

  • Assessors Map Reference: 396
  • Account Number: 2959593
  • Parcel: 29-38-03-53-00000.0-0040.00
  • Lot: 40
  • Meridian: SEC 03 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.9881
  • Longitude: -80.5229

    Address

  • Full Address: 334 Island Dr
  • Address - House Number: 334
  • Address - Street Name: Island
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R084
  • 4-Digit Zip Code: 3272
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 4,000
  • Tax Year: 2022
  • Tax Amount: $886,117
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.1884
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 922,120
  • High Value: 1,095,937
  • Low Value: 748,304

    Market Valuation

  • Market Total Value: $653,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $515,970

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 268574
  • Previous Sale Recording Date: Apr 19, 2016
  • Previous Sale Contract Date: Apr 08, 2016
  • Previous Sale Amount: $539,900
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Riverside Landing of South Brevard

Stats & Trends

Median Asking:

$1,950,000

Sale Price/ft²

$623

Above Asking

0.00%

Average Days on Market

71

Average Home Size

3131 ft²

Average Home Age

32 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 112 Casseekee Trail, Melbourne Beach, FL, 32951

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,350 ft²
112 Casseekee Trail #2112, Melbourne Beach, FL, 32951 Listing by Laura L Dowling Roy PA

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Thomas Englert, RE/MAX Elite
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 940182
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.

Frequently Asked Questions

When was property at 334 Island Drive built and last sold?
The property at 334 Island Drive was built in 1999 and last sold on Nov 4, 2022 for $915,000.
How much is this home worth?
The estimated value of the home located at 334 Island Drive is $0.
What are some comparable homes to 334 Island Drive?
There are currently no comparable homes to 334 Island Drive.
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