400 Atlantic Street
About This Property
Located in The Golden Triangle, one of Melbourne Beaches most desirable communities, this one-of-a-kind three bedroom, three bathroom home was custom built with striking modern architecture. Situated on a lushly vegetated .55 acre lot, this property features a five car garage, two paver stone driveways, multiple balconies & patio areas, a massive 45' X 15' in-ground pool & spa, and a rooftop deck overlooking the Atlantic Ocean. Inside, this home offers an open floor plan with tons of entertaining space, a wine room, two master suites with custom walk-in closets, a gourmet kitchen featuring black granite and a separate wall oven and cooktop. Dual Trane A/C units, NO HOA, beach access, and centrally located near A+ schoo schoo
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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%.
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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 |
|---|---|---|---|
| Apr 15, 2025 | Listed by Prominent Properties of FL,LLC | $1,890,000 | |
| Listed by Prominent Properties of FL,LLC | |||
| | |||
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Coastal paradise, prestigious GOLDEN TRIANGLE location, the MOST desirable neighborhood in Melbourne Beach. East of the A1A and 15 steps to beach access. Gorgeous, private half acre+ property.
This 3537 square foot house w/ new roof (2021) features a five-car garage with an 800 sq. ft detached two car garage that is finished with A/C to be home office/gym. Large outdoor covered patio, deck, and pool. Paradise awaits!
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| Jul 12, 2021 | Sold | ||
| Sold | |||
| Feb 23, 2021 | Listed by Dale Sorensen Real Estate Inc. | $1,480,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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About Beau Jeans of Melbourne Beach
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Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 897776
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