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505 Melody
About This Property
The interior welcomes you with an open layout filled with natural light, wide plank flooring, smooth walls, and a cohesive, high-end finish throughout. The living room draws you in with a sleek fireplace and flows naturally into the dining area and showpiece kitchen. Designed to impress, the kitchen features quartz countertops, white shaker cabinetry, black hardware, stainless steel appliances, open shelving, pantry and a spacious island with bar seating, creating a space that feels as beautiful as it is practical for everyday living and entertaining.
The primary suite offers a relaxing retreat with abundant natural light and an updated en suite bath that reflects the same elevated design seen throughout the home. The primary bathroom a stylish vanity and custom tiled shower decked out in stylish penny tile!
Two additional bedrooms and a guest bathroom continue the cohesive style, with updated fixtures, custom tile work, quartz counters and a clean, timeless look.
Follow the tour outdoors where two French doors create a natural extension of the living space. The backyard is designed for ease and enjoyment, featuring low-maintenance landscaping, inviting patio areas, and a covered patio ideal for year-round use, whether you're enjoying a quiet morning coffee or hosting friends on a warm Paso evening.
Additional improvements in recent years include an all new roof and new vac, further enhancing both value and peace of mind.
Located just minutes from downtown Paso Robles, you can enjoy nearby restaurants, wine bars, and shopping, while still having easy access to the surrounding wine country and Central Coast destinations.
If you've been looking for a home that combines elevated design with everyday livability, 505 Melody invites you to experience it for yourself-schedule your showing today.
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Cap Rate Calculator
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 14, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Platinum Properties | $699,000 | |
| Listed by Platinum Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017