36
Map
$285,000
↓ $15K (5%)
●
House -
For Sale
3547 Mount Carmel Lane
Melbourne, FL 32901
3 Beds
2 Baths
1,344 Ft²
$1,783
Est. Monthly
$24
HOA / Fees
About This Property
Great Opportunity - New Roof & Solar
Welcome to 3547 Mount Carmel Lane in sunny Melbourne, FL! This 3-bedroom, 2-bath home offers a fantastic opportunity for buyers looking to build instant equity with a few cosmetic updates. Featuring a brand-new roof (2025) and newly leased solar panels, this property is already ahead of the game when it comes to value & energy efficiency.
The layout includes a spacious living area, split-bedroom plan, and a generous kitchen with plenty of potential. The primary suite includes a private bathroom and walk-in closet. While the home needs paint and new flooring, it provides a blank canvas to make it your own.
Enjoy the screened-in back porch and a fully fenced yard--perfect for pets, kids, or weekend BBQs. With a 2-car garage, indoor laundry, and low HOA, this home checks all the right boxes.
Conveniently located near shopping, FIT, schools, dining, and just a short drive to the beaches
Welcome to 3547 Mount Carmel Lane in sunny Melbourne, FL! This 3-bedroom, 2-bath home offers a fantastic opportunity for buyers looking to build instant equity with a few cosmetic updates. Featuring a brand-new roof (2025) and newly leased solar panels, this property is already ahead of the game when it comes to value & energy efficiency.
The layout includes a spacious living area, split-bedroom plan, and a generous kitchen with plenty of potential. The primary suite includes a private bathroom and walk-in closet. While the home needs paint and new flooring, it provides a blank canvas to make it your own.
Enjoy the screened-in back porch and a fully fenced yard--perfect for pets, kids, or weekend BBQs. With a 2-car garage, indoor laundry, and low HOA, this home checks all the right boxes.
Conveniently located near shopping, FIT, schools, dining, and just a short drive to the beaches
Unit Size
1,344 Ft²
Days on Market
208 days
Land Size
0.13 acres
Price per sqft
$212
Property Type
House
Property Taxes
$358
HOA Dues
$24
Year Built
2003
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: 2 months ago (Space Coast MLS #1071029)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2026 | Price Decreased |
$285,000
↓ $15K
(5%) | |
| Price Decreased | |||
| Mar 4, 2026 | Listed by Waterman Real Estate, Inc. | $299,900 | |
| Listed by Waterman Real Estate, Inc. | |||
| Apr 26, 2016 | Sold | ||
| Sold | |||
| Feb 1, 2016 | Listed by Waterman Real Estate, Inc. | $135,000 | |
| Listed by Waterman Real Estate, Inc. | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Primary Bathroom - Tub with Shower
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Vinyl
Exterior Details
Square Footage: 1344
Square Footage Source: $0
Year Built: 2003
Construction Materials: Concrete, Stucco
Patio and Porch Features: Rear Porch, Screened
Lot Features: Other
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Water Source: Public
Financial Details
Tax Annual Amount: $4,302
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA Fee: $293
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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HOA + Taxes
About Eagle Lake
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Listed by: Kim Wilson, Waterman Real Estate, Inc.
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 1071029
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: 2 months ago
Data Source: Space Coast MLS, MLS# 1071029
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