$300,000
●
House -
Off Market
475 Lorelei Avenue
Melbourne, FL 32901
3 Beds
2 Baths
1,753 Ft²
$437,979
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
Brand New Construction - Estimated completion May 2020 - 3
bedroom/2 bath/2 car garage Tavernier model. Sought after 55+ gated
Community of ALAMANDA KEY. Key West Inspired, this home features
upgraded tile in all living areas, IMPACT doors/windows, metal
roof, painted white cabinetry in kitchen with granite counter tops,
Whirlpool energy star stainless steel appliances, 8' interior doors
throughout, high ceilings, comfort height master bath vanity,
comfort height toilets, plus so much more! Gated Community with
HOA...Includes Community Club House, Fitness Area, Library, Pool,
Hot Tub, Barbecue Area, Tennis Courts, Community Lakes with
Walking Paths...Monthly HOA fee also includes full lawn &
irrigation maintenance. Pictures are of previous Tavernier model,
not actual home for sale
Unit Size
1,753 Ft²
Days on Market
194 days
Land Size
0.12 acres
Price per sqft
$177
Property Type
House
Property Taxes
$21
HOA Dues
$180
Year Built
2020
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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: 7 months ago (Space Coast MLS #859030)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Feb 21, 2026 | Listed by J. Edwards Real Estate | $450,000 | |
| Listed by J. Edwards Real Estate | |||
| | |||
|
This beautifully maintained 2020 3/2/2 Stanley built home is located in the highly desirable active adult community of Alamanda Key. The charming home blends coastal style with modern upgrades & low-maintenance living. Step inside to discover tile flooring throughout the living areas & soaring ceilings that enhance the spacious open feel. The kitchen features white cabinetry, granite countertops,& Whirlpool Energy Star SS appliances, perfect for everyday living or entertaining. Built for comfort & durability, the home includes impact windows & doors, a metal roof, hurricane protection screens for back porch, and numerous upgrades throughout. Paid-for solar panels installed in 2022 provide a sustainable, non-polluting energy source that reduces reliance on the grid and helps lower electric bills. Enjoy true Florida living without the hassle. The HOA covers full lawn care irrigation & Spectrum cable/internet. HOA Amenties include clubhouse, fitness pool, hot tub, tennis & walking paths
| |||
| May 6, 2020 | Sold | ||
| Sold | |||
| Oct 24, 2019 | Listed by Stanley Homes LLC | $309,900 | |
| Listed by Stanley Homes LLC | |||
Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Alamanda Key
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Listed by: Andrea L Calhoun, Stanley Homes LLC
Last Updated: 7 months ago
Data Source: Space Coast MLS, MLS# 859030
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: 7 months ago
Data Source: Space Coast MLS, MLS# 859030
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