12
Map
$80,000
●
Mobile Manufactured -
Off Market
509 Susan Drive
West Melbourne, FL 32904
2 Beds
2 Baths
1,218 Ft²
$139,171
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Well maintained home on a large lot with several beautiful palm
trees in Hollywood Estates (55+) with NO neighbors behind you! This
home has been very well maintained with major items done within the
last few years, roof (2015), water heater (2015), exterior paint
(2015) and A/C in 2014. In addition to the home there is an
enclosed Florida room with glass windows with 1 way tint and a wall
unit a/c that adds another 200 sq ft to the living space of the
home, along with a large utility room at the back of the carport
that also has a wall a/c unit to keep you cool during laundry or
projects. Community amenities include a clubhouse, pool and
shuffleboard.
Unit Size
1,218 Ft²
Days on Market
21 days
Land Size
0.14 acres
Price per sqft
$76
Property Type
Mobile Manufactured
Property Taxes
$20
HOA Dues
$96
Year Built
1985
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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 #812483)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Mar 15, 2026 | In contract | - | |
| In contract | |||
| Jan 27, 2026 | Listed by RE/MAX Elite | $175,000 | |
| Listed by RE/MAX Elite | |||
| | |||
|
Beautifully maintained 2/2 manufactured home nestled amongst the palm trees in the wonderful West Melbourne 55+ community of Hollywood Estates. This is one of the few communities where you OWN YOUR LAND!
There is great flow to this home. Kitchen opens to the dining area equipped with built ins. Space moves right into the main living space -that's great for entertaining and then through sliding glass doors into the enclosed florida room lined with windows which allows a lot of light to flood the home.
Large Master bedroom with huge closet.
Both baths have been tastefully remodeled with nice size walk in showers.
Enjoy your morning coffee on your big screened patio large enough for multiple seating areas. And for added use, screen enclosure equipped with double doors if you would like to pull in the car. Utility room off carport houses the washer/dryer along with plenty of storage space. 2024 metal roof/2020 AC/2015 WH. Home has full concrete skirt.
| |||
| Oct 5, 2018 | Sold | ||
| Sold | |||
| May 2, 2018 | Listed by Fraser Group, Inc | $92,000 | |
| Listed by Fraser Group, Inc | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Hollywood Estates of Canova Park
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Listed by: Kim Fraser, Fraser Group, Inc
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 812483
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# 812483
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