21
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416 3rd Avenue
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Real Broker, LLC | $849,000 | |
| Listed by Real Broker, LLC | |||
| | |||
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Welcome to 416 Third Ave, a beautifully reimagined coastal retreat in the heart of Melbourne Beach. This completely renovated 3-bedroom, 2-bath home blends effortless boho beach chic design with modern peace of mind. Every major upgrade has been completed, including impact windows and doors, a new roof, new AC, new ductwork, water heater, updated plumbing, new irrigation system, and all-new smart appliances. Inside, light-filled living spaces are complemented by an electric fireplace, creating a warm and inviting atmosphere perfect for relaxed coastal living. Step outside to your private backyard oasis featuring a sparkling pool, expansive newly sodded yard, fire pit, and pergola ideal for outdoor dining and entertaining. Just moments from the ocean, this move-in-ready home offers the perfect balance of style, comfort, and the laid-back Melbourne Beach lifestyle.
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| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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About Melbourne Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017