4690 Rayburn Road
About This Property
Build your dream home, private estate, or custom compound on this expansive land opportunity located at 4690 Rayburn Road in Brevard County. Offering 4.91 total acres with approximately 3.5 acres of prime usable land, 160 feet of road frontage, and 1,300 feet of depth, this lot gives you a high-value canvas to build to suit while keeping major existing outbuildings. A large pond anchoring the rear of the property adds immediate natural scenery, privacy, and potential water views for your new build. The previous home and septic system are being removed, offering a completely clean, ready-to-develop footprint so your architect and builder have total freedom to site your home and utility layout without site constraints.
The property retains a high-value 1,800-square-foot detached garage and workshop, providing serious utility for contractors, classic car collections, heavy equipment, or a dedicated workspace. The site also features a dedicated, high-clearance covered RV carport, ideal for an RV, travel trailer, boat, or oversized vehicles.
A rare find in a fast-growing Space Coast market where estate-sized parcels are increasingly scarce, this Cocoa, Florida property combines quiet country-style living and serene water features with convenient access to major highways, local tech hubs, beaches, and Kennedy Space Center. Bring your own builder, design your custom estate, and take immediate advantage of the existing workshop infrastructure on day one.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Listed by Compass Florida, LLC | $599,000 | |
| Listed by Compass Florida, LLC | |||
| Jul 22, 2026 | Price Decreased |
$599,000
↓ $51K
(7.9%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by Compass Florida, LLC | $650,000 | |
| Listed by Compass Florida, LLC | |||
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The house and septic are now awaiting permits for demolition. The property will be sold as a home build site with existing 1,800 sf garage/workshop - listing #1085617
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017