$105,000
●
Land -
Off Market
5134 Realm Run
Melbourne, FL 32934
Studio
0 Bath
$182,971
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Prime .35 acre Site w/Preserve Views! Choose YOUR BUILDER and Build
your DREAM HOME! Choose between one of these 12 prime home-sites in
the Enclave, Lake Washington's newest gated Estate Home community.
The Enclave consists of just 103 home-sites nestled just West of
I-95 off of Washingtonia Drive. Many sites are over-sized and offer
direct water or nature preserve views.
The Enclave is a gated deed restricted community that will require All Tile rooftops, paver driveways and walkways, and side-entry garages. Make your appointment to visit today to secure your dream home-site! Centrally located in Brevard, 15-20 min to many Aerospace & Defense contract employers, 15 min to Viera, 20 min to Beaches. 50 Min to Orlando, 30 Min to Port Canaveral.
The Enclave is a gated deed restricted community that will require All Tile rooftops, paver driveways and walkways, and side-entry garages. Make your appointment to visit today to secure your dream home-site! Centrally located in Brevard, 15-20 min to many Aerospace & Defense contract employers, 15 min to Viera, 20 min to Beaches. 50 Min to Orlando, 30 Min to Port Canaveral.
Unit Size
-
Days on Market
62 days
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$75
Year Built
-
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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: 5 months ago (Space Coast MLS #855767)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Price Decreased |
$1,103,655
↓ $125K
(10.2%) | |
| Price Decreased | |||
| Jan 26, 2026 | Listed by BHHS Florida Realty | $1,229,000 | |
| Listed by BHHS Florida Realty | |||
| | |||
|
Custom-built residence in the highly sought-after gated community of the Enclave at Lake Washington. This exquisite home offers unrivaled luxury and privacy, backed by a serene lake and preserve. Inside, you are greeted by a light-filled great room featuring a stylish fireplace, soaring tray ceilings, and expansive collapsible sliders. These lead to an outdoor oasis complete with a heated pool, spa, and summer kitchen. The gourmet kitchen boasts an elegant Cambria Quartz island and abundant cabinetry, opening seamlessly to the living and dining areas.The home includes four bedrooms, four bathrooms, an office, and a large media room. The spacious primary suite offers a custom walk-in closet and a spa-like bathroom with dual vanities. Additional upgrades include Hurricane-rated windows and doors,Custom Lighting, Luxury vinyl flooring, Whole-house water filtration system, water softener, reverse osmosis and sound system.
| |||
| May 25, 2022 | Sold | ||
| Sold | |||
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About Melbourne
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Listed by: Steve Vitani, RE/MAX Elite
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 855767
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: 5 months ago
Data Source: Space Coast MLS, MLS# 855767
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