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3605 Grand Meadows Boulevard
About This Property
The split-bedroom floor plan offers added privacy, while the primary suite features a large bath with soaking tub, separate shower, and plenty of counter space.
Enjoy Florida living year-round in the screened pool enclosure with recently resurfaced heated pool and expansive paver deck--perfect for relaxing or entertaining with minimal yard maintenance. Roof and HVAC are both approximately 8 years old, reflecting the excellent care this home has received. Conveniently located near shopping, dining, schools, parks, and major roadways.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$410,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jun 14, 2026 | Price Decreased |
$420,000
↓ $15K
(3.5%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
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About Baymeadows of Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017