67
Map
4756 Merlot Drive
About This Property
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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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| May 27, 2024 | Listed by One Sotheby's International | $1,100,000 | |
| Listed by One Sotheby's International | |||
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Experience luxury living at its finest in this highly upgraded masterpiece in the center of West Viera. Custom built, 8-foot, iron, double doors with matching window overlook the professional landscaping and hardscaping of the lawn, complete with new lighting and water features.
This home has been extensively upgraded from 2022 to 2024, and showcases stunning hardwood flooring and fresh interior paint on the first floor. The main living area features custom lighting, custom-created and professionally installed, remote activated, window treatments, soaring, 18-foot ceilings, tray ceilings, crown molding, chair railing, upgraded baseboards, and exquisite custom chandeliers.
The gourmet kitchen, features resurfaced cabinetry and high-end stainless steel appliances, including double convection ovens, built-in microwave, electric cooktop, hanging pot chandelier, and an oversized pantry. Custom wood plantation shutters and designer drapes add a touch of elegance throughout. The bedrooms have new, Berber carpeting, and the primary suite is a true retreat with two walk-in closets and soaking tub, separate from shower. Privacy from guests with primary on first floor and 3 guest bedrooms on second floor.
Designed for year-round outdoor living, this home invites you to mix living spaces between indoors and out. Glass sliders open to a private screened pool, patio and hot tub, creating an oasis perfect for relaxation and entertaining. Hurricane shutters provide added protection during Florida's expected tropical weather.
Many new features include new roof with transferable warranty, a new hot water heater, new pool heater, pool pump, new flooring throughout, new blinds, new lighting, new landscape, new paint, new hardware, fixtures and much, much more!
Located in an ideal spot, this home is minutes from top-rated elementary, middle, and high schools. With easy access to I-95, dining, and shopping, the Viera community offers a lifestyle of recreation, socialization, convenience, leisure and luxury. Enjoy being near major roadways, Melbourne and Orlando airports, Health First hospital, golf courses, and the public beaches!
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| Nov 13, 2023 | Sold | ||
| Sold | |||
| Sep 29, 2023 | Listed by Ellingson Properties | $1,099,990 | |
| Listed by Ellingson Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017