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Brevard 32951 Crystal Lakes
380 Lakeview Drive
$729,000
● House - Off Market

380 Lakeview Drive

Melbourne Beach, FL 32951
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,831 Ft²
$3,584
Est. Monthly
$4
HOA / Fees
3.79%
Cap Rate

About This Property

** 72 Hour Kick Out Clause in place** Welcome to your own piece of paradise in the heart of Melbourne's coveted beachside community on 2 canals where you can enjoy your many water views. The front/across is a brackish water canal that is great for kayaking. Keep your boat safe in the dock right out back on the canal that leads to the Indian River. The views are amazing, the roof is metal, the property sits on almost half acre, both AC units are brand new, and the HOA is completely optional. Survey shows you own the front waterfront land across also. Ocean access is just steps away, across from the South Entrance/Atlantic St.  This Melbourne beachside property is more than a home; it's a lifestyle. Don't miss your chance to experience the best of coastal living.
Unit Size
1,831 Ft²
Days on Market
47 days
Land Size
0.48 acres
Price per sqft
$398
Property Type
House
Property Taxes
-
HOA Dues
$4
Year Built
1991

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Cap Rate Calculator

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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 #978743)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Oct 25, 2023 Listed by Real Broker LLC $729,000
Listed by Real Broker LLC
Mar 2, 2023 Sold
Premium
Sold
Nov 16, 2022 Listed by Real Broker LLC $699,000
Listed by Real Broker LLC
Mar 20, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 2,773
  • Gross Building Area: 2,773
  • Building Area: 1,831
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,831
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL LAKE 2ND ADDN
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL LAKE 2ND ADDN LOT 3 BLK K & PART OF TRACT 3 AS DESC IN ORB 4450 PG 3221

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066104

Zoning

  • Zoning: RU-1-13

Geography

  • Assessors Map Reference: 408
  • Account Number: 2953571
  • Subdivision Tract Number: 3
  • Parcel: 29-38-10-HW-0000K.0-0003.00
  • Block: K
  • Lot: 3
  • Meridian: SEC 10 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.9832
  • Longitude: -80.5226

    Address

  • Full Address: 380 Lakeview Dr
  • Address - House Number: 380
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R084
  • 4-Digit Zip Code: 3229
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 2,277
  • Tax Year: 2022
  • Tax Amount: $316,604
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.0843
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 93
  • Final Value: 721,630
  • High Value: 782,532
  • Low Value: 660,728

    Market Valuation

  • Market Total Value: $553,510

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $252,530

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 265577
  • Previous Sale Recording Date: Mar 02, 2023
  • Previous Sale Contract Date: Mar 01, 2023
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Crystal Lakes

Stats & Trends

Median Asking:

$695,000

Sale Price/ft²

$415

Above Asking

0.00%

Average Days on Market

189

Average Home Size

1673 ft²

Average Home Age

41 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6201 Treetop Drive, Melbourne Beach, FL, 32951

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,332 ft²
6201 Treetop Drive, Melbourne Beach, FL, 32951 Listing by Amanda Moyles Gonnella

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Allison Roman, Real Broker LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 978743
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.

Frequently Asked Questions

When was property at 380 Lakeview Drive built and last sold?
The property at 380 Lakeview Drive was built in 1991 and last sold on Dec 18, 2023 for $729,000.
How much is this home worth?
The estimated value of the home located at 380 Lakeview Drive is $0.
What are some comparable homes to 380 Lakeview Drive?
There are currently no comparable homes to 380 Lakeview Drive.
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