Private POOL and lake views make this villa in The Lakes at
Waterstone a rare find. Offering 1,513 sq. ft., the home features
vaulted ceilings, dual primary suites, each with a private ensuite
bath, and a bright kitchen with white cabinetry, generous counter
space and a breakfast bar opening to the living area. Beautiful
solid wood flooring highlights the living room, with tile
throughout the main living areas. Outside, enjoy your private POOL,
fenced side and POOL yard, screened patio, barrel tile roof, paver
driveway and walkway, plus accordion hurricane shutters. HOA
benefits include gated entry, lawn and landscape care, irrigation,
fertilization, weed and lawn pest control, plus monitored home
security. Community amenities include a heated POOL, fitness room,
clubhouse, tennis and pickleball courts and scenic walking paths.
This combination is hard to find. Schedule your showing before this
one is gone.
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.
Last updated: 12 days ago (Space Coast MLS #1085200)
Price History
Date / Event
Date
Event
Price
Sep 19, 2026
In contract
-
In contract
Sep 3, 2026
Relisted
$284,900
Relisted
Aug 24, 2026
In contract
-
In contract
Aug 17, 2026
Listed by Waterman Real Estate, Inc.
$284,900
Listed by Waterman Real Estate, Inc.
Jul 24, 2026
Price Decreased
$270,000
↓ $5K
(1.8%)
Price Decreased
Jun 4, 2026
Price Decreased
$275,000
↓ $10K
(3.3%)
Price Decreased
May 12, 2026
Price Decreased
$284,500
↓ $5K
(1.6%)
Price Decreased
Apr 1, 2026
Listed by HOMECOIN.COM
$289,000
Listed by HOMECOIN.COM
Mediterranean Gated Pool Home. Ask about buy down rate to 4.99. Palm Bay-25 minutes Melbourne Airport-45 minutes Orlando Airport From one of the nation's premier builders, DiVosta Homes with attention to detail and quality with solid concrete walls. Gated community at Lakes of Waterstone of only 100 residences with open spaces, lakes and trails results in an outstanding residential environment. New appliances and wrap-around breakfast bar enhance the kitchen. Vaulted ceilings, recessed lighting with Plantation shutters throughout the residence validate a decorator's touch. Expansive dining room overlooking the garden and pool area results in a tranquil living environment. Both bedrooms feature large expansive style closets. Bathrooms with beautiful cabinetry as kitchen and laundry. Note the imported title throughout with wood grain floors in the living room. Pool and lanai. Quiet park like setting with oak tree lined streets.
Jun 26, 2025
Price Decreased
$295,000
↓ $15K
(4.8%)
Price Decreased
Apr 11, 2025
Listed
$310,000
Listed
***NEW PRICE***POOL HOME WITH CONTROLLED GATED ACCESS Spanish Mediterranean style designed residence with pool. Melbourne Airport 25 minutes; Orlando Airport 45 minutes. From one of the nation's premier upscale builders, DiVosta Homes with attention to detail and quality with solid poured concrete walls with built in storm shutters. Gated community at Lakes of Waterstone of only 100 residences with park-like open spaces, oak tree lined streets, lakes and trails results in an outstanding residential environment. New appliances and wrap-around breakfast bar enhance the kitchen. Vaulted ceilings, recessed lighting with Plantation shutters throughout the residence validate a decorator's special touch. Expansive dining room overlooking the garden and private pool area results in a tranquil living environment. Both expansive bedrooms feature oversized walk in style closets. Custom cabinetry in kitchen and laundry area. Note the imported Italian tile throughout the residence with wood grain
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