$310,000
●
House -
Off Market
3486 Areca Palm Avenue
Melbourne, FL 32901
3 Beds
2 Baths
1,520 Ft²
$324,385
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
This lovely 3 bedroom, 2 bath home sits on a corner lot in the
quiet neighborhood of Bel Aire Palms. Conveniently located in
Melbourne, only 6 miles to the beaches and shopping nearby! You
will appreciate the Bright & Open floor concept with vaulted
ceilings as you enter, as well as skylights in the living room. The
eat-in kitchen opens into the family room so you can be part of all
the action. There is plenty of cabinets & the counter space
finished in granite. The master suite bathroom is completely
remodeled! The entire inside of the home was just painted in 11/21.
The exterior was also painted within the past 2 yrs. The carpets in
the bedrooms were just replaced! The HVAC is 2020, and the H/W
heater is from 2019. Don't miss the opportunity to make this home
yours!
Unit Size
1,520 Ft²
Days on Market
49 days
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
$65
HOA Dues
$6
Year Built
1988
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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: 6 months ago (Space Coast MLS #922391)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Jan 4, 2026 | In contract | - | |
| In contract | |||
| Dec 23, 2025 | Listed by RE/MAX Alternative Realty | $314,900 | |
| Listed by RE/MAX Alternative Realty | |||
| | |||
|
Welcome home to this well-maintained & thoughtfully updated 3 BR, 2 BA home with a 2-car garage, located in an established neighborhood in the heart of Melbourne. Major improvements include a roof just 3 years new and a newer A/C, offering peace of mind for years to come. Vaulted ceilings enhance the open and airy feel of the main living areas, creating a bright and welcoming atmosphere. The updated eat-in kitchen features granite countertops, abundant cabinetry, a breakfast bar, all appliances included, and a French-drawer refrigerator, making it both functional and stylish. The primary bedroom offers a private ensuite with double sinks and granite countertops, while the renovated hall bathroom showcases granite tops and a modern walk-in shower. Enjoy Florida living from the screened porch overlooking a fully fenced corner lot, ideal for relaxing or entertaining. Conveniently located near shopping, dining, parks, and major roadways, this home blends comfort, quality updates,
| |||
| Feb 1, 2022 | Sold | ||
| Sold | |||
| Dec 10, 2021 | Listed by RE/MAX Alternative Realty | $299,900 | |
| Listed by RE/MAX Alternative Realty | |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Bel-aire Palms
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Listed by: Misty A Morrison, RE/MAX Alternative Realty
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 922391
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: 6 months ago
Data Source: Space Coast MLS, MLS# 922391
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