48
Map
500 Hibiscus Trail
About This Property
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Apr 6, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Dale Sorensen Real Estate Inc. | $799,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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Stunning 3BR/2BA home nestled in the heart of Melbourne Beach, FL! Offering 1,754 sq ft of beautifully updated living space on an expansive 0.36-acre corner lot, this property is an exceptional find and priced to sell! The private resort-style pool is surrounded by elegant pavers, lush landscaping, and a fully irrigated lawn. Meticulously upgraded throughout with a stylish open kitchen, updated baths, and polished terrazzo floors -- it's a completely modernized spin on a mid-century gem. Major improvements include hurricane windows, newer doors, metal roof, HVAC, hot water heater, pool pump, and sprinkler pump. Located on Florida's stunning Barrier Island, close to beaches, parks, shopping, and dining -- all within one of Brevard County's most desirable school districts. Investor alert -- this property may be vacation rental eligible, offering strong short-term rental income potential in this sought-after coastal community!
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| Dec 28, 2023 | Sold | ||
| Sold | |||
| Apr 28, 2023 | Sold | ||
| Sold | |||
Property Highlights
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Price/ft²
Listed On
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About Melbourne Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017