$1,175,000
●
House -
For Sale
420 Strand Drive
Melbourne Beach, FL 32951
6 Beds
5 Baths,
1
Half Bath
3,682 Ft²
$6,970
Est. Monthly
$371
HOA / Fees
About This Property
Nestled within one of Melbourne Beach's premier gated communities
is this stunning 6-bedroom, 6-bath, 3,682 sq. ft. home. This luxury
residence offers the rare freedom of personal enjoyment combined
with short-term rental opportunities- with no minimum or maximum
stay requirements for owners or renters. Experience refreshing
coastal breezes and resort-style Ocean-to-River living with private
beach access and the ability to keep your boat on a lift along the
Intracoastal. Featuring nearly $200,000 in additional upgrades,
this home offers plantation shutters, crown molding, custom
California Closets and designer lighting. The lounge features
Sub-Zero refrigeration & wine storage, custom cabinetry and
soft-close finishes. Enjoy a whole-house generator, water
filtration, security cameras and hurricane porch screens. Outdoors,
a heated pool & spa, extended paver deck, custom stone Primo grill,
privacy planters and beautiful entertaining spaces create a private
retreat. Impact-rated windows & doors and an epoxy-finished garage
with extra storage complete this exceptional coastal home.
Unit Size
3,682 Ft²
Days on Market
33 days
Land Size
0.15 acres
Price per sqft
$319
Property Type
House
Property Taxes
$829
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: 13 days ago (Space Coast MLS #1086000)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2026 | Listed by Realty World Curri Properties | $1,175,000 | |
| Listed by Realty World Curri Properties | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener, Gated
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Ceiling Fan(s), Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Jack and Jill Bath, Primary Bathroom - Shower No Tub, Primary Downstairs, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer, Wine Cooler
Flooring Type: Tile
Laundry Features: Electric Dryer Hookup, Lower Level, Upper Level, Washer Hookup
Exterior Details
Square Footage: 3682
Square Footage Source: $0
Security Features: Security Gate, Smoke Detector(s)
Architectural Style: Contemporary
Year Built: 2021
Construction Materials: Block, Frame, Stucco, Composition Siding
Patio and Porch Features: Covered, Rear Porch
Pool Features: Heated, In Ground
Pool is Private
Lot Features: 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: $9,946
Utilities Details
Cooling Type: Central Air, Electric, Multi Units
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Beach Access, Boat Dock, Boat Slip, Gated, Maintenance Grounds, 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: John D Curri, Realty World Curri Properties
Last Updated: 13 days ago
Data Source: Space Coast MLS, MLS# 1086000
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: 13 days ago
Data Source: Space Coast MLS, MLS# 1086000
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