$1,075,000
●
House -
For Sale
345 Strand Drive
Melbourne Beach, FL 32951
5 Beds
5 Baths
3,518 Ft²
$6,532
Est. Monthly
$371
HOA / Fees
About This Property
Invest in one of Melbourne Beach's most distinctive short-term
rental communities with this fully furnished 5b/5b pool villa
designed specifically for the vacation rental market. No minimum or
maximum stay requirements give owners flexibility, while
professional management is available for a hands-off approach. The
2-story layout accommodates families & groups, with open living
space downstairs extending to a private pool & lanai and all 5
bedrooms upstairs. A curated home theme plus kid-friendly themed
bedroom helps create the memorable guest experience that sets these
villas apart from typical vacation rentals. Private beach access is
just a short walk away, with boat slips among the community
amenities. Owners can enjoy the villa themselves while also taking
advantage of its STR potential when they're away. Schedule a
private showing to see firsthand what makes Harbor Island Beach
Club different.
Unit Size
3,518 Ft²
Days on Market
247 days
Land Size
0.15 acres
Price per sqft
$306
Property Type
House
Property Taxes
$882
HOA Dues
$371
Year Built
-
Listed By
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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: 27 days ago (Space Coast MLS #1067481)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 24, 2026 | Listed by RE/MAX Elite | $1,075,000 | |
| Listed by RE/MAX Elite | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 1
Interior Details
Full Bathrooms: 5
Interior Features: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Walk-In Closet(s), Primary Bathroom - Shower No Tub, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Tile
Laundry Features: In Unit, Lower Level
Exterior Details
Square Footage: 3518
Square Footage Source: $0
Security Features: Security Gate, Smoke Detector(s)
Architectural Style: Villa
Year Built: 2022
Building Area Total: 3896
Levels: Two
Construction Materials: Block, Frame, Stone Veneer, Stucco, Composition Siding
Patio and Porch Features: Covered, Patio
Pool Features: Electric Heat, Fenced, Heated, In Ground
Pool is Private
Lot Features: Few Trees, Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Water Source: Public
Financial Details
Tax Annual Amount: $10,584
Utilities Details
Cooling Type: Central Air, Electric, Multi Units
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Security
HOA/Condo/Coop Amenities: Barbecue, Beach Access, Boat Dock, Boat Slip, Gated, Maintenance Grounds, Management, Pool, Security, Spa/Hot Tub
HOA Fee: $371
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Brevard
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Listed by: David Cable, RE/MAX Elite
Last Updated: 27 days ago
Data Source: Space Coast MLS, MLS# 1067481
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: 27 days ago
Data Source: Space Coast MLS, MLS# 1067481
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