34
Map
$385,000
●
House -
For Sale
4892 Outlook Drive
Melbourne, FL 32940
3 Beds
2 Baths
1,960 Ft²
$2,511
Est. Monthly
$435
HOA / Fees
About This Property
Very nice home in beautiful Deer Lakes Subdivision in North
Melbourne. There is a Community Pool, Playground, and the
Association pays for lawn, edging & trimming. One of the best
locations in the county close to Viera and the beach! Modern floor
plan with almost 2000 sq ft and split bedrooms. Raised ceilings
throughout. Large open kitchen w/42in cabinets, tiled backsplash &
granite countertops. Primary suite has double walk in closets,
garden bath tub with separate shower & double vanities. Large tiled
screened porch w/peaceful views backing to preserve. Nobody will be
behind you ever. Accordion hurricane shutters. New roof in 2020.
New AC in 2023. New water heater in 2022. Indoor laundry room. Lots
of house for the money in an amazing area, and at a great price!
Won't last.
Unit Size
1,960 Ft²
Days on Market
135 days
Land Size
0.13 acres
Price per sqft
$196
Property Type
House
Property Taxes
$185
HOA Dues
$435
Year Built
2004
Listed By
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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: 3 months ago (Space Coast MLS #1077505)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Listed by Waterman Real Estate, Inc. | $385,000 | |
| Listed by Waterman Real Estate, Inc. | |||
   | |||
|
Very nice home in beautiful Deer Lakes Subdivision in North Melbourne. There is a Community Pool, Playground, and the Association pays for Lawn, Edging & Trimming. One of the best locations in the county close to Viera and the beach! Modern floor plan with almost 2000 sq ft and split bedrooms. Raised ceilings throughout. Large open kitchen w/42in cabinets, tiled backsplash & granite countertops. Primary suite has double walk in closets, garden bath tub with separate shower & double vanities. Large tiled screened porch w/peaceful views backing to preserve. Nobody will be behind you ever. Accordion hurricane shutters. New roof in 2020. New AC in 2023. New water heater in 2022. Indoor laundry room. Lots of house for the money in an amazing area, and at a great price! Won't last.
| |||
| Jul 2, 2026 | Price Decreased |
$385,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$390,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator
Flooring Type: Carpet, Tile
Laundry Features: In Unit
Exterior Details
Square Footage: 1960
Square Footage Source: $0
Security Features: Smoke Detector(s)
Architectural Style: Contemporary
Year Built: 2004
Building Area Total: 2658
Levels: One
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Porch, Rear Porch, Screened
Lot Features: Few Trees, Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Water Source: Public
Financial Details
Tax Annual Amount: $2,221
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Gated, Maintenance Grounds, Park, Playground, Pool, Management - Off Site
HOA Fee: $435
HOA Fee Frequency: Quarterly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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Sold On
HOA + Taxes
About Deer Lakes
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Listed by: Andy Waterman, Waterman Real Estate, Inc.
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1077505
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: 3 months ago
Data Source: Space Coast MLS, MLS# 1077505
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