357 Pier Lane
About This Property
or take a dip in the riverfront pool while enjoying the scenic surroundings. Tennis enthusiasts will appreciate the multiple courts, with the Ocean Court also offering Pickleball nets for added excitement. Experience the ultimate waterfront lifestyle at the direct riverfront clubhouse, complete with a kitchen, outdoor grill, and tropical paradise ambiance. Relax by the riverfront pool as you watch jet skis and boats launch from the nearby boat ramp, or try your luck at fishing from the covered deck of the fishing pier. Additional community amenities include Bocce and shuffleboard courts, workout facilities, laundry facilities, a post office, and craft and game rooms. Plus, with pet-friendly and golf cart-friendly policies, Outdoor Resorts caters to your every need. Inside the home, you'll find a cozy living/dining/kitchen area with a pull-out sleeper sofa for guests, a queen-size bed in the bedroom, and convenient stackable washer and dryer units. Enjoy the Florida sunshine from the full-length sunroom, perfect for morning coffee or evening entertainment. Outside, pavers in the backyard provide a great space for grilling, and a storage shed offers added convenience.
With newer AC and hot water heater installed in 2022, this well-maintained Kropf park trailer is ready for you to move in and start enjoying the resort lifestyle you've always dreamed of. Don't miss out on this opportunity to own your own slice of paradise in Melbourne Beach!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Jan 28, 2025 | Price Decreased |
$225,000
↓ $34K
(13.1%) | |
| Price Decreased | |||
| Dec 30, 2024 | Price Decreased |
$259,000
↓ $31K
(10.7%) | |
| Price Decreased | |||
| Mar 27, 2024 | Listed by Coldwell Banker Paradise | $289,900 | |
| Listed by Coldwell Banker Paradise | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017