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4865 Sand Point Road
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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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by RE/MAX Elite | $355,000 | |
| Listed by RE/MAX Elite | |||
| Jan 9, 2026 | Listed by RE/MAX Elite | $369,000 | |
| Listed by RE/MAX Elite | |||
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Wow! Almost 10 acres in Grant Valkaria. Highly desired zoning of AU (Agricultural Residential). Bring your horses! Close to the intracoastal waterway for boating and fishing. Some areas have already been cleared but still plenty of trees and vegetation for privacy. Just minutes to both Melbourne and Sebastian for convenience, but far enough away to feel like you have room to breathe and have a sense of being out and away from everything. Could be split into 2 lots. In an area of multiple acre parcels.
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| Jun 2, 2025 | Price Decreased |
$499,000
↓ $31K
(5.9%) | |
| Price Decreased | |||
| Apr 17, 2025 | Listed | $530,000 | |
| Listed | |||
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Almost 10 acres of land, perfect for someone looking for an idyllic property out in the country, yet so very close to the river (fishing, boating, restaurants) and close to the town of Sebastian. Seller is currently operating as horse stable facillitiy with trail rides and horse back training exercises! Areas have been cleared, a few ponds & lots of wild hibiscus, and other plants & vegetation.
Possible to split into 2 lots and secure easement access to Mooney Rd frontage for one lot, & second lot frontage on Sand Point were Buyer to split property, affording ability to build 2 houses!Come see today!
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| Jul 20, 2023 | Sold | ||
| Sold | |||
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About Canaveral Groves
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$4,000 /mo
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- 2 Baths
- 1,103 ft²
$5,000 /mo
- 3 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017