$420,000
●
House -
For Sale
427 Lynn Avenue
Melbourne, FL 32935
3 Beds
2 Baths
1,789 Ft²
$2,341
Est. Monthly
About This Property
Rarely does a home offer this combination of modern updates,
waterfront serenity, and exceptional outdoor living. Beautifully
renovated approximately three years ago and freshly repainted
throughout, this move-in ready residence features impact windows,
stylish finishes, abundant natural light, and a spacious layout
designed for both everyday living and entertaining. Step outside to
your private backyard oasis where an expansive outdoor grilling and
gathering area, complete with included furnishings, overlooks
approximately 96 feet of picturesque Elbow Creek frontage. Whether
enjoying a quiet morning by the water or hosting family and
friends, this home was designed to embrace the Florida lifestyle.
An outdoor storage shed adds valuable space for tools, hobbies, or
recreational equipment. Conveniently located near shopping, dining,
parks, schools, and major commuter routes, this exceptional
property is the perfect blend of comfort, quality, and waterfront
living.
Unit Size
1,789 Ft²
Days on Market
130 days
Land Size
0.32 acres
Price per sqft
$235
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1963
Listed By
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Cap Rate
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: 4 months ago (Space Coast MLS #1079607)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 10, 2026 | Listed by Real Broker, LLC | $420,000 | |
| Listed by Real Broker, LLC | |||
| Sep 17, 2020 | Sold | ||
| Sold | |||
| May 15, 2020 | Listed by Real Broker, LLC | $275,000 | |
| Listed by Real Broker, LLC | |||
| Dec 20, 2019 | Sold | ||
| Sold | |||
| May 3, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower
Appliances: Dishwasher, Electric Range, Microwave
Flooring Type: Vinyl
Laundry Features: In Garage
Exterior Details
Square Footage: 1789
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Traditional
Year Built: 1963
Waterfront Features: Canal Front, Navigable Water
Waterbody Name: Canal Navigational to Indian River
Levels: One
Other Structures: Shed(s)
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch
Lot Features: Cleared
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: $3,342
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Almar
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Listed by: Gina Imbruglio-Villalobos, Real Broker, LLC
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1079607
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: 4 months ago
Data Source: Space Coast MLS, MLS# 1079607
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