$894,900
↓ $5K (0.6%)
●
House -
For Sale
495 Strand Drive
Melbourne Beach, FL 32951
4 Beds
5 Baths,
1
Half Bath
3,209 Ft²
$6,026
Est. Monthly
$747
HOA / Fees
About This Property
CORNER LOT! STEPS TO THE BEACH! IMPACT WINDOWS! RESORT-STYLE
LIVING!
Experience luxury resort-style living in this 4-bedroom, 5.5 bath home in Melbourne Beach, perfectly positioned on a premier corner lot in gated Harbor Island Beach Club just a short walk to the beach.
Designed for both personal enjoyment and short-term rental income, this property offers no minimum or maximum stay restrictions, creating true flexibility and strong investment potential.
Inside, soaring ceilings, designer finishes, spa-inspired tiled bathrooms, and high-impact windows fill the home with natural light. The open layout flows seamlessly to expansive sliding glass doors leading to a paver lanai with private pool and in-ground hot tub.
The primary suite offers a spacious retreat with dual vanities and a beautifully appointed bath.
Enjoy resort-style amenities including a spa, boat slips, and Intracoastal access, all while being close to Kennedy Space Center and Orlando.
Experience luxury resort-style living in this 4-bedroom, 5.5 bath home in Melbourne Beach, perfectly positioned on a premier corner lot in gated Harbor Island Beach Club just a short walk to the beach.
Designed for both personal enjoyment and short-term rental income, this property offers no minimum or maximum stay restrictions, creating true flexibility and strong investment potential.
Inside, soaring ceilings, designer finishes, spa-inspired tiled bathrooms, and high-impact windows fill the home with natural light. The open layout flows seamlessly to expansive sliding glass doors leading to a paver lanai with private pool and in-ground hot tub.
The primary suite offers a spacious retreat with dual vanities and a beautifully appointed bath.
Enjoy resort-style amenities including a spa, boat slips, and Intracoastal access, all while being close to Kennedy Space Center and Orlando.
Unit Size
3,209 Ft²
Days on Market
168 days
Land Size
0.15 acres
Price per sqft
$279
Property Type
House
Property Taxes
$884
HOA Dues
$747
Year Built
-
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: 4 months ago (Space Coast MLS #1074604)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2026 | Price Decreased |
$894,900
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Apr 14, 2026 | Listed by Blue Marlin Real Estate | $899,900 | |
| Listed by Blue Marlin Real Estate | |||
| Apr 29, 2025 | Price Decreased |
$1,000,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Mar 3, 2025 | Listed | $1,100,000 | |
| Listed | |||
| | |||
|
Ultimate blend of luxury and investment potential: 4-bedroom pool home, located on Florida's renowned Space Coast. Ideal for Short-Term Rentals: Zoned for flexible use, this property is your perfect gateway to lucrative vacation rental income. Take advantage of the thriving tourism market and offer guests an unforgettable stay in this coastal haven. Spacious and Fully furnished. Located in a gated community that boasts private beach access, intracoastal waterway access, and community activities. Guests can experience the best of coastal living. Whether it's sunbathing on the sand or exploring the waterways, there's something for everyone. The home is sold fully furnished, with stylish and well-maintained pieces throughout. This turnkey solution allows you to start generating rental income immediately without the hassle of furnishing the property. Prime Tourist Location: 1 hour to Kennedy Space Center and 1.5 hours from the world-famous Orlando theme parks.
| |||
| Jan 27, 2025 | Listed | $1,100,000 | |
| Listed | |||
| | |||
|
The ultimate blend of luxury and investment potential: exquisite 4-bedroom pool home, ideally located on Florida's renowned Space Coast. Idealfor Short-Term Rentals: Zoned for flexible use, this property is your perfect gateway to lucrative vacation rental income. Take advantage of the thriving tourism market and offer guests an unforgettable stay in this coastal haven. Spacious and Fully furnished. Exclusive Community
Amenities: Located in a gated community that boasts private beach access, intracoastal waterway access, and community activities. Guests can experience the best of coastal living. Whether it's sunbathing on the sand or exploring the waterways, there’s something for everyone. The home is sold fully furnished, with stylish and well-maintained pieces throughout. This turnkey solution allows you to start generating rental income immediately without the hassle of furnishing the property. Prime Tourist Location: 1 hour to Kennedy Space Center and 1.5 hours from the world-famous Orlando theme parks, this home offers an ideal base for vacationers looking to explore all that Central Florida has to offer. Its beach access and proximity to major attractions makes it a highly desirable rental property.
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Additional Parking, Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Breakfast Bar, Eat-in Kitchen, Entrance Foyer, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s), Jack and Jill Bath, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Tile
Laundry Features: In Unit
Exterior Details
Square Footage: 3209
Square Footage Source: $0
Security Features: Security Gate, Smoke Detector(s)
Property Condition: Updated/Remodeled
Architectural Style: Contemporary
Year Built: 2022
Building Area Total: 3629
Levels: Two
Construction Materials: Concrete, Stucco, Other
Patio and Porch Features: Rear Porch
Pool Features: Electric Heat, Fenced, Heated, In Ground
Pool is Private
Lot Features: Corner Lot, Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Water Source: Public
Financial Details
Tax Annual Amount: $10,606
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Beach Access, Boat Dock, Clubhouse, Gated, Maintenance Grounds, Pool
HOA Fee: $462
HOA Fee Frequency: Monthly
Condo/Coop Fee: $285
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Brevard
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Listed by: Sarah Rekab, Blue Marlin Real Estate
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1074604
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: 4 months ago
Data Source: Space Coast MLS, MLS# 1074604
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