5120 Palm Drive
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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | Listed by Non-MLS or Out of Area | $695,000 | |
| Listed by Non-MLS or Out of Area | |||
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Opportunity awaits in the relaxed island lifestyle of Melbourne Beach!
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| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Listed by KELLER WILLIAMS ST PETE REALTY | $719,950 | |
| Listed by KELLER WILLIAMS ST PETE REALTY | |||
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Opportunity awaits in the relaxed island lifestyle of Melbourne Beach! Nestled in the desirable New Melbourne Beach community, this entirely and beautifully remodeled, upgraded home is filled with natural light thanks to vaulted tongue and groove ceilings, upgraded Pella energy-efficient windows, and a matching sliding glass door. The open-concept kitchen and family room create the perfect space for entertaining, with views of the expansive private backyard. Elegant Designer Fanimation Odyn ceiling fans add both style and comfort throughout the home while the 30cm x 120cm Spanish porcelain tile throughout elevates the ambiance. A thoughtful split-floor plan offers three bedrooms and two bathrooms, including a spacious owner’s suite complete with a walk-in closet and a walk-in shower. Enjoy the best of coastal living with private beaches, top-rated Brevard schools, and Sebastian Inlet State Park just minutes away. With countless river and ocean access points, along with a variety of dining and entertainment options nearby, this home is the perfect blend of modern upgrades, convenience, and beachside charm. variety of dining and entertainment options nearby, this home perfectly blends comfort, convenience, and the charm of coastal living.
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| Nov 8, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017