485 Caribbean Drive
About This Property
The home includes 3 bedrooms, 2 full baths, a spacious laundry room, and a 2-car garage. Hurricane shutters, a newer A/C unit, and what appears to be a newer roof add peace of mind. Inside, much of the home remains mostly original, giving it the feel of a magical time capsule ready for your vision and updates.
Great location, solid construction, and endless potential in desirable Satellite Beach
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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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Listed by Lawyers Real Estate Brokerage | $495,000 | |
| Listed by Lawyers Real Estate Brokerage | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017