$389,000
●
House -
In Contract
409 Lynn Avenue
Melbourne, FL 32935
4 Beds
3 Baths
1,939 Ft²
$1,920
Est. Monthly
About This Property
Split-level home with scenic backdrop overlooking Elbow Creek.
Entry level features a living/dining room combo and updated kitchen
with sliding doors to a large patio overlooking a lush backyard
with palm trees, shrubs, and a mango tree. Upper level offers 3
bedrooms with wood floors and 2 baths. Lower level includes a
spacious living room, bedroom, bath, and laundry room-ideal for an
in-law suite or rental opportunity. Updates include new sewer lines
throughout, roof (2022), water heater (2020), AC (2021), accordion
shutters, brand new impact front door, new wood fence, and high-end
kitchen appliances. The staircase has wood floor under the carpet.
Above-ground pool (4 yrs) with excellent pump system. Extra
concrete slab on SW side accommodates boat, trailer, or RV.
Oversized shed frees garage for parking. New Hardie board siding on
2-story section. Centrally located minutes to Downtown Eau Gallie,
shopping, dining, and the beach.
Unit Size
1,939 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$201
Property Type
House
Property Taxes
$10
HOA Dues
-
Year Built
1964
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: 8 months ago (Space Coast MLS #1064623)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Price Decreased |
$389,000
↓ $6K
(1.5%) | |
| Price Decreased | |||
| Dec 18, 2025 | Listed by Keller Williams Realty Brevard | $395,000 | |
| Listed by Keller Williams Realty Brevard | |||
| Dec 28, 2018 | Sold | ||
| Sold | |||
| Sep 28, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener, RV Access/Parking
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Guest Suite, Primary Bathroom - Tub with Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Double Oven, Electric Oven, Electric Range, Refrigerator
Flooring Type: Terrazzo, Tile, Wood
Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup
Exterior Details
Square Footage: 1939
Square Footage Source: $0
Security Features: Smoke Detector(s)
Year Built: 1964
Levels: Multi/Split
Other Structures: Shed(s)
Construction Materials: Concrete, Stucco, Composition Siding
Patio and Porch Features: Patio, Porch
Pool Features: Above Ground
Pool is Private
Lot Features: Few Trees, Other
Lot Size Area: 0.32
Lot Size Units: Acres
Lot Size Acres: 0.32
Lot Size Square Feet: 13939
Water Source: Public
Financial Details
Tax Annual Amount: $117
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Almar
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Listed by: Thomas Taranto, Keller Williams Realty Brevard
Last Updated: 8 months ago
Data Source: Space Coast MLS, MLS# 1064623
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: 8 months ago
Data Source: Space Coast MLS, MLS# 1064623
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