78
Map
$995,000
↓ $105K (9.5%)
●
House -
For Sale
515 Royal Palm Boulevard
Satellite Beach, FL 32937
5 Beds
3 Baths
2,214 Ft²
$5,314
Est. Monthly
About This Property
Rare Satellite Beach MOTHER-INLAW-SUITE Opportunity Just 1 Block to
Pelican Beach Access!
This one-of-a-kind property offers coastal living, flexibility, and income-producing potential with a fully private attached guest house an extremely rare find in Satellite Beach. Totaling 5 bedrooms and 3 bathrooms, the home includes a 4BR/2BA main residence plus a 1BR/1BA guest suite with private entrance, kitchenette, and sitting area ideal for rental income, multi-generational living, guest quarters, or home office.
The main home features a split floor plan, spacious layout, multiple living areas, renovated interior, large kitchen with granite countertops, indoor laundry, and pool bath access.
Exterior highlights include an extra-wide paver driveway, 2-car garage, sprinkler system, and gated paved side yard for boats, trailers, golf carts, or additional parking.
Properties with this level of versatility and beachside convenience are exceptionally rare.
This one-of-a-kind property offers coastal living, flexibility, and income-producing potential with a fully private attached guest house an extremely rare find in Satellite Beach. Totaling 5 bedrooms and 3 bathrooms, the home includes a 4BR/2BA main residence plus a 1BR/1BA guest suite with private entrance, kitchenette, and sitting area ideal for rental income, multi-generational living, guest quarters, or home office.
The main home features a split floor plan, spacious layout, multiple living areas, renovated interior, large kitchen with granite countertops, indoor laundry, and pool bath access.
Exterior highlights include an extra-wide paver driveway, 2-car garage, sprinkler system, and gated paved side yard for boats, trailers, golf carts, or additional parking.
Properties with this level of versatility and beachside convenience are exceptionally rare.
Unit Size
2,214 Ft²
Days on Market
200 days
Land Size
0.21 acres
Price per sqft
$449
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1973
Listed By
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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: 3 months ago (Space Coast MLS #1075648)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$995,000
↓ $105K
(9.6%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Relentless Real Estate Co. | $1,100,000 | |
| Listed by Relentless Real Estate Co. | |||
| Jun 22, 2023 | Sold | ||
| Sold | |||
| Sep 23, 2014 | Sold | ||
| Sold | |||
| Mar 21, 2014 | Listed by Relentless Real Estate Co. | $299,999 | |
| Listed by Relentless Real Estate Co. | |||
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), In-Law Floorplan, Kitchen Island, Walk-In Closet(s), Guest Suite, Primary Bathroom - Shower No Tub, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Refrigerator, Washer
Flooring Type: Tile
Laundry Features: In Unit, Sink
Rooms: 1
Exterior Details
Square Footage: 2214
Square Footage Source: $0
Property Condition: Updated/Remodeled
Year Built: 1973
Levels: One
Other Structures: Guest House
Construction Materials: Block, Stucco
Patio and Porch Features: Porch, Rear Porch
Pool Features: In Ground
Pool is Private
Lot Features: Corner Lot, Sprinklers In Front, Sprinklers In Rear
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Square Feet: 9148
Water Source: Public
Financial Details
Tax Annual Amount: $5,135
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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HOA + Taxes
About Cresthaven Satellite Beach
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Listed by: Jennifer Brown, Relentless Real Estate Co.
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1075648
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: 3 months ago
Data Source: Space Coast MLS, MLS# 1075648
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