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Greenacres 33463
4615 Melaleuca Lane
$270,000
● Land - Off Market

4615 Melaleuca Lane

Greenacres, FL 33463
bedrooms
Studio
bathrooms
0 Bath
$554,735
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
0.84 acres
Price per sqft
-
Property Type
Land
Property Taxes
$221
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (Beaches MLS #R10060669)

Price History

Date / Event Date Event Price
Jul 26, 2021 Sold
Premium
Sold
Jul 31, 2014 Sold
Premium
Sold
Jul 28, 2014 Listed by Nicklaus Vance $299,000
Listed by Nicklaus Vance
Jun 21, 2007 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 209
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 37,449
  • Lot Size Depth Feet: 3,070
  • Lot Size Frontage Feet: 1,340
  • Total Building Area: 1,750
  • Gross Building Area: 1,750
  • Building Area: 1,267
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 14
  • Heated Square Feet: 1,267
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ACREAGE & UNREC
  • Land Acres: 0000000860
  • Standard Land Use Code: 1001
  • County Land Use Code: 0101
  • Legal Description 1: 25-44-42, W 133 FT OF SW 1/4 OF SE 1/4 OF NE 1/4 OF SW 1/4 (LESS SLY 59.01 FT MELALEUCA LANE R/W)

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 004702

Zoning

  • Zoning: CN

Geography

  • Assessors Map Reference: 250
  • Parcel: 18-42-44-25-00-000-7030
  • Meridian: SEC 25 TWN 44S RNG 42E
  • Municipality: GREENACRES
  • Latitude: 26.6078
  • Longitude: -80.1158

    Address

  • Full Address: 4615 Melaleuca Ln
  • Address - House Number: 4615
  • Address - Street Name: Melaleuca
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Greenacres
  • Carrier Code: C015
  • 4-Digit Zip Code: 5338
  • Zip Code: 33463

Valuation

    Tax

  • Total Area: 1,390
  • Tax Year: 2022
  • Tax Amount: $655,096
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 18982

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 499,124
  • High Value: 586,639
  • Low Value: 411,609

    Market Valuation

  • Market Total Value: $311,935
  • Market Land Value: $297,337
  • Market Improvement Value: $14,598

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $311,935

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210345799
  • Previous Sale Recording Date: Jul 31, 2014
  • Previous Sale Contract Date: Jul 30, 2014
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Greenacres

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$214

Below Asking

0.03%

Average Days on Market

79

Average Home Size

1238 ft²

Average Home Age

40.1 years

Currently For Sale

351 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 224 Jackson Avenue, Greenacres, FL, 33463

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,924 ft²
224 Jackson Avenue, Greenacres, FL, 33463 Listing by Luban Quiceno
Unit for rent at 220 Jackson Avenue, Greenacres, FL, 33463

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,924 ft²
220 Jackson Avenue, Greenacres, FL, 33463 Listing by Luban Quiceno
Unit for rent at 629 Sea Pine Way, Greenacres, FL, 33415

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,005 ft²
629 Sea Pine Way #A1, Greenacres, FL, 33415 Listing by Nadine Marie Battle

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Oleg M Sulyma
Nicklaus Vance
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10060669
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 4615 Melaleuca Lane built and last sold?
The property at 4615 Melaleuca Lane was built in 1970 and last sold on Jun 22, 2021 for $385,000.
How much is this home worth?
The estimated value of the home located at 4615 Melaleuca Lane is $0.
What are some comparable homes to 4615 Melaleuca Lane?
There are currently no comparable homes to 4615 Melaleuca Lane.
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