94
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5079 Highway 1
About This Property
Whether you're searching for a full-time residence or a private waterfront escape, this home delivers a lifestyle that is both relaxed and refined in one of the Space Coast's most peaceful and sought-after settings.
Adding to its rarity, this property features flexible mixed-use commercial/residential zoning, offering possibilities beyond traditional waterfront ownership. Whether you envision generating short-term vacation rental income, creating a live/work environment, establishing a business presence, or exploring future waterfront enhancements, this property presents exceptional lifestyle and investment potential. All uses, improvements, and development opportunities are subject to county, environmental, zoning, and permitting approvals.
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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 |
|---|---|---|---|
| Aug 24, 2026 | Price Decreased |
$1,399,982
↓ $100K
(6.7%) | |
| Price Decreased | |||
| May 16, 2026 | Listed by Engel & Voelkers Melb Downtown | $1,499,982 | |
| Listed by Engel & Voelkers Melb Downtown | |||
| Jun 28, 2017 | Sold | ||
| Sold | |||
| May 20, 2016 | Listed by RE/MAX Crown Realty | $549,900 | |
| Listed by RE/MAX Crown Realty | |||
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This house has the LOCATION x3! Riverfront/Intracoastal frontage with Private Heated Pool & Dock with Boat & SeaDoo Lifts. Beautiful Pine Floors and 2 Master Suites. Additional/Bonus room is being used a Guest/3rd Bedroom (no closet). 3 car garage with Workshop and driveway room for RV/Boat parking. THIS IS A MUST SEE and you just about 10 minutes to the SEBASTIAN INLET via vessel.
| |||
| Apr 18, 2012 | Sold | ||
| Sold | |||
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About Grant-Valkaria
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017