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Palm Shores 32935 Honeybrook Plantation
4860 Riverside Road
$362,500
● House - Off Market

4860 Riverside Road

Melbourne, FL 32935
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,026 Ft²
$2,137
Est. Monthly
$179
HOA / Fees
8.17%
Cap Rate

About This Property

Steps away from the river, this beautiful 4 bedroom home is awaiting a new owner! Walk into soaring ceilings, large open rooms and a great floor plan. Enjoy a large screened in porch out back with a fenced in yard. Roof is 2020, Ac 2017, upgraded blown in insulation in 2023, RO water system, newer kitchen appliances. Even the driveway has been widened for ease of use! Nice central location, close to Pineda and steps from the river.
Unit Size
2,026 Ft²
Days on Market
95 days
Land Size
0.20 acres
Price per sqft
$185
Property Type
House
Property Taxes
$116
HOA Dues
$179
Year Built
1991

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Cap Rate Calculator

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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: 6 months ago (Space Coast MLS #1028918)

Price History

Date / Event Date Event Price
Feb 25, 2025 Sold
Premium
Sold
Jan 17, 2025 In contract -
In contract
Nov 6, 2024 Listed by Dale Sorensen Real Estate Inc. $375,000
Listed by Dale Sorensen Real Estate Inc.
Jul 31, 2001 Sold
Premium
Sold
Feb 16, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 436
  • Parking Space Count: 2
  • Patio Type: 17
  • Porch Type: 59
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 2,738
  • Gross Building Area: 2,738
  • Building Area: 2,026
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,026
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HONEYBROOK PLANTATION
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: HONEYBROOK PLANTATION LOT 1 BLK 3

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064127

Geography

  • Assessors Map Reference: 250
  • Account Number: 2609721
  • Parcel: 26-37-30-OL-00003.0-0001.00
  • Block: 3
  • Lot: 1
  • Meridian: SEC 30 TWN 26S RNG 37E
  • Municipality: PALM SHORES
  • Latitude: 28.1875
  • Longitude: -80.6566

    Address

  • Full Address: 4860 Riverside Rd
  • Address - House Number: 4860
  • Address - Street Name: Riverside
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C005
  • 4-Digit Zip Code: 7238
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 2,357
  • Tax Year: 2022
  • Tax Amount: $127,875
  • Tax Rate Code Area: 43J0

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 418,049
  • High Value: 508,881
  • Low Value: 327,216

    Market Valuation

  • Market Total Value: $307,530

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,530

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2001
  • Current Sale Recording Date: Jul 31, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 16, 2000
  • Previous Sale Contract Date: Feb 10, 2000
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Honeybrook Plantation

Stats & Trends

Median Asking:

$379,500

Sale Price/ft²

$239

Below Asking

0.01%

Average Days on Market

78

Average Home Size

1942 ft²

Average Home Age

48.7 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3643 Bluefield Avenue, Melbourne, FL, 32934

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,352 ft²
3643 Bluefield Avenue, Melbourne, FL, 32934 Listing by Monica McKune
Unit for rent at 447 Lake Victoria Circle, Melbourne, FL, 32940

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,795 ft²
447 Lake Victoria Circle, Melbourne, FL, 32940 Listing by Christine M Lahiff

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Lauren Merrell PA, Dale Sorensen Real Estate Inc.
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1028918
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.

Frequently Asked Questions

When was property at 4860 Riverside Road built and last sold?
The property at 4860 Riverside Road was built in 1991 and last sold on Jun 2, 2001 for $119,900.
How much is this home worth?
The estimated value of the home located at 4860 Riverside Road is $394,592.
What are some comparable homes to 4860 Riverside Road?
There are currently no comparable homes to 4860 Riverside Road.
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