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447 Sandy Key
About This Property
Designed to capture an abundance of natural light, this beautifully updated 4 bedroom, 3 bathroom home with a dedicated office showcases a bright, airy interior and a thoughtfully designed open floor plan. The main living spaces flow seamlessly together, creating an ideal setting for both everyday living and upscale entertaining, while still offering privacy and separation for each bedroom and bathroom.
At the center of the home, a spacious living room opens effortlessly to the screened pool and expansive lanai, blending indoor and outdoor living. Large windows and sliding glass doors invite in natural light and frame peaceful water views, enhancing the home's relaxed yet refined coastal feel.
The kitchen is outfitted with high-end gas appliances and opens to the main living and dining areas, where tray ceilings add architectural elegance. A stylish indoor bar with a wine fridge provides the perfect touch for entertaining without overpowering the home's natural gathering spaces.
The expansive primary suite serves as a private retreat, featuring a generously sized bedroom and a spa-inspired bathroom complete with a soaking tub, separate his-and-her showers, and dual vanities designed for comfort and luxury.
Step outside to your own private oasis, where a screened-in pool, outdoor shower, and custom paver fireplace create the perfect environment for relaxing or entertaining year-round. Boating enthusiasts will appreciate the private dock and boat lift, offering effortless access to the Indian River for sunset cruises, fishing, and days on the water.
Set along a tranquil canal, this exceptional property offers the perfect balance of modern upgrades, natural beauty, and coastal sophistication, truly embodying the best of Melbourne Beach living. Close to the beach, schools, downtown Melbourne Beach and more. There is nothing like this on the market, don't miss the opportunity, make your appointment today.
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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 |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by Ohana East Coast Realty | $1,575,000 | |
| Listed by Ohana East Coast Realty | |||
| Oct 15, 2018 | Listed by RE/MAX Aerospace Realty | $700,000 | |
| Listed by RE/MAX Aerospace Realty | |||
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Comp Purposes
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| Oct 1, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017