$1,300,000
●
House -
For Sale
385 Strand Drive
Melbourne Beach, FL 32951
8 Beds
7 Baths,
1
Half Bath
4,494 Ft²
$7,758
Est. Monthly
$371
HOA / Fees
About This Property
Built for the vacation rental market, this fully furnished 8b/7.5b
Melbourne Beach pool villa gives STR investors the capacity to
accommodate large families & groups visiting Florida's Space Coast.
No minimum or maximum stay requirements provide flexibility for
owners & renters, w/optional professional management for a
hands-off approach. Rental performance data is available for
investors looking to evaluate the opportunity beyond the property
itself.
The spacious 2-story layout is designed for a vacation experience, w/generous gathering, dining & living spaces, extending outside to a private pool & lanai. Curated home theme plus kid-friendly themed bedroom creates a memorable guest experience & distinguishes the property from typical vacation rentals. Private beach access & boat slips are among the community amenities. Ask about other available 8-bedroom villas & theme options. Schedule your private showing to experience Harbor Island Beach Club & explore the investment opportunity.
The spacious 2-story layout is designed for a vacation experience, w/generous gathering, dining & living spaces, extending outside to a private pool & lanai. Curated home theme plus kid-friendly themed bedroom creates a memorable guest experience & distinguishes the property from typical vacation rentals. Private beach access & boat slips are among the community amenities. Ask about other available 8-bedroom villas & theme options. Schedule your private showing to experience Harbor Island Beach Club & explore the investment opportunity.
Unit Size
4,494 Ft²
Days on Market
115 days
Land Size
0.15 acres
Price per sqft
$289
Property Type
House
Property Taxes
$1,003
HOA Dues
$371
Year Built
-
Listed By
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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: 27 days ago (Space Coast MLS #1079172)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2026 | Listed by RE/MAX Elite | $1,300,000 | |
| Listed by RE/MAX Elite | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Parking Features: Additional Parking, Garage, Garage Door Opener, Gated
Interior Details
Half Bathrooms: 1
Full Bathrooms: 7
Interior Features: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Walk-In Closet(s), Jack and Jill Bath, Primary Bathroom - Shower No Tub, Primary Downstairs, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Tile
Laundry Features: In Unit, Lower Level
Exterior Details
Square Footage: 4494
Square Footage Source: $0
Security Features: Security Gate, Smoke Detector(s)
Architectural Style: Villa
Year Built: 2022
Building Area Total: 4683
Levels: Two
Construction Materials: Block, Brick Veneer, Frame, Stucco, Composition Siding
Patio and Porch Features: Covered, Rear Porch
Pool Features: Electric Heat, Fenced, Heated, In Ground
Pool is Private
Lot Features: Few Trees, Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Water Source: Public
Financial Details
Tax Annual Amount: $12,036
Utilities Details
Cooling Type: Central Air, Electric, Multi Units, Split System
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Security
HOA/Condo/Coop Amenities: Beach Access, Boat Dock, Boat Slip, Gated, Maintenance Grounds, Management, Pool, Spa/Hot Tub
HOA Fee: $371
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Brevard
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Listed by: David Cable, RE/MAX Elite
Last Updated: 27 days ago
Data Source: Space Coast MLS, MLS# 1079172
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: 27 days ago
Data Source: Space Coast MLS, MLS# 1079172
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