53
Map
$250,000
●
House -
In Contract
506 Walker Street
Melbourne, FL 32901
3 Beds
2 Baths
1,789 Ft²
$1,486
Est. Monthly
About This Property
Opportunity awaits with this 3-bedroom, 2-bath home on an oversized
.37-acre lot, featuring a roof and water heater replaced in 2024!
The split-bedroom design provides added privacy, with a primary
suite offering a walk-in closet and ensuite bath. Inside, a
welcoming foyer leads to the spacious great room and dining area,
while the bright galley-style kitchen features updated cabinetry. a
skylight and adjoining breakfast nook with access to the covered
patio. A versatile 13' x 9' flex room provides even more
possibilities. Additional features include generous storage, an
attached two-car garage and ample driveway parking. Conveniently
located near Florida Tech and Downtown Melbourne, with the beach
just a short drive away. Ready for your personal touch, this home
offers plenty of space, a generous lot and exciting potential to
make it your own!
Unit Size
1,789 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$140
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1964
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: 13 days ago (Space Coast MLS #1086151)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 28, 2026 | Listed by RE/MAX Alternative Realty | $250,000 | |
| Listed by RE/MAX Alternative Realty | |||
| Apr 1, 2025 | Price Decreased |
$269,999
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Feb 17, 2025 | Price Decreased |
$275,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Jan 2, 2025 | Listed | $285,000 | |
| Listed | |||
| | |||
|
Discover your dream home! This beautifully updated 3-bedroom, 2-bath gem is ready for its new owners. With a brand-new roof and a 2-car garage, it offers both style and practicality. Step into a spacious, open layout featuring a stunning new kitchen and a generously sized breakfast room, perfect for family gatherings. A versatile flex room awaits, ready to transform into your ideal office, game room, or home gym. The partially fenced yard provides privacy and has ample space to add a pool for fun. Inside, enjoy the convenience of a dedicated laundry room. This home combines modern updates with endless potential—don't miss out on this incredible opportunity!
| |||
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Circular Driveway, Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Walk-In Closet(s), Primary Bathroom - Shower No Tub, Split Bedrooms
Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
Flooring Type: Terrazzo, Tile
Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup
Rooms: 12
Exterior Details
Square Footage: 1789
Square Footage Source: $0
Architectural Style: Ranch
Year Built: 1964
Levels: One
Construction Materials: Block, Concrete, Stucco
Lot Features: Other
Lot Size Area: 0.37
Lot Size Units: Acres
Lot Size Acres: 0.37
Lot Size Square Feet: 16117
Water Source: Public
Financial Details
Tax Annual Amount: $3,092
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Booker Heights
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Listed by: Andy Mindel, RE/MAX Alternative Realty
Last Updated: 13 days ago
Data Source: Space Coast MLS, MLS# 1086151
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: 13 days ago
Data Source: Space Coast MLS, MLS# 1086151
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