467 Spoonbill
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 9, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Jan 2, 2026 | Listed by One Sotheby's International | $3,850,000 | |
| Listed by One Sotheby's International | |||
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Peninsula Point. Tucked behind a private gated entrance serving just six residences, this exceptional waterfront estate occupies a rare peninsula setting offering direct Indian River frontage on one side and canal access on the other, an increasingly scarce combination on the Space Coast. With 425 feet of total waterfront, the property delivers unobstructed river views, protected docking, and true dual waterfront living with both sunrise and sunset perspectives.
The concrete block home was fully reimagined between 2020 and 2022 and is completely turnkey, incorporating impact-rated windows and doors, modern systems, and refined finishes throughout. Thoughtfully oriented to maximize its surroundings, nearly every room captures sweeping water views and broad upriver sightlines, allowing the home to live as beautifully as it photographs. Designed for seamless indoor/ outdoor living, the property features over 2,200 square feet of travertine paved entertaining space, including multiple waterfront terraces, a gas heated saltwater cocktail pool and spa, tiki pavilion with firepit, summer kitchen, pergolas, spa patio, and a private outdoor shower surrounded by tropical gardens. Two docks flank the peninsula, including a covered boathouse with lift and jet ski slips, all complemented by a new seawall completed in 2024.
The home features a first floor primary suite, offering privacy and convenience with three sided water exposure, direct access to a covered waterfront porch, spa terrace, zen garden, and outdoor shower. The suite includes a sitting area, fireplace, office, and a spa like bath. Additional en suite bedrooms are thoughtfully arranged across both levels, along with a grand two story foyer and floating curved staircase that anchors the home's architectural presence.
Completing the offering are smart home features, whole house water filtration, a three car garage with integrated fitness space, and mature tropical landscaping that enhances privacy throughout the .82 acre setting. Select designer level furnishings may be purchased separately, offering a rare opportunity to acquire a fully curated, move in ready residence. Ideally located just seconds from the beach, approximately 15 minutes from Melbourne Orlando International Airport and one hour from Orlando International Airport, this gated peninsula estate delivers a rare blend of privacy, accessibility, and commanding waterfront presence in Melbourne Beach.
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| Feb 5, 2020 | Sold | ||
| Sold | |||
| May 31, 2019 | Listed by RE/MAX Alternative Realty | $1,500,000 | |
| Listed by RE/MAX Alternative Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017