$550,000
●
House -
Off Market
360 Riggs Avenue
Melbourne Beach, FL 32951
3 Beds
2 Baths,
1
Half Bath
2,616 Ft²
$1,063,136
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model
About This Property
Get ready to step into one of the most beautifully unique custom
beach homes in the area! This pristine West Indies style home
is like living in the grandeur of a luxury yacht! From the
moment you walk in the door you are surrounded by the warmth of the
tongue and groove beamed ceilings and center rotunda that is the
focal point of the home. Windows abound with plenty of
natural light, as does beautiful hand painted tile and wood
finishes. The open floor plan lends to great entertaining
that also spills out to the back patio and two story upper party
deck! Expect the days to be spent either at the beach or hopping on
your boat in the backyard and ending in your large gourmet kitchen.
The beautiful spacious canal opens up to the Indian River for
plenty of boating fun.
Unit Size
2,616 Ft²
Days on Market
14 days
Land Size
0.23 acres
Price per sqft
$229
Property Type
House
Property Taxes
$436
HOA Dues
$4
Year Built
1986
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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: 5 months ago (Space Coast MLS #731178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2018 | Sold | ||
| Sold | |||
| Aug 12, 2015 | Sold | ||
| Sold | |||
| Jun 25, 2015 | Listed by Dale Sorensen Real Estate Inc. | $599,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| Dec 3, 2013 | Sold | ||
| Sold | |||
| Sep 27, 2013 | Listed by Coldwell Banker Paradise | $403,900 | |
| Listed by Coldwell Banker Paradise | |||
| | |||
|
Waterfront BEAUTY!! This one will dazzle you!! From the moment you enter the Mahogany front door with matching side triple panel beveled glass to the mostly remodeled interior. The large kitchen boasts stainless Electrolux appliances and granite countertops. Most lower cabinets have pull out drawers. There is a movable center Island that stays. The view out the windows is the orchid garden.
The master bedroom is downstairs and the master bath was remodeled with many custom touches in 2009.
The pool is a 12000 gallon pool with Chlorine/salt generation system. The pump was replaced March 2013.
The canal is an easy shot to the Indian River Lagoon. The Boat lift was installed in 2006 and has a 6000 lb capacity. There is currently a 22' 1988 Sea Pro Citation Aqua Deck in place.
| |||
Property Highlights
Garage
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Crystal Lakes
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Listed by: Holly Dandridge Madden, Dale Sorensen Real Estate Inc.
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 731178
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: 5 months ago
Data Source: Space Coast MLS, MLS# 731178
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