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Melbourne 32935 Cresthaven Homes
531 Cheyenne Avenue
$225,000
● House - Off Market

531 Cheyenne Avenue

Melbourne, FL 32935
bedrooms
2 Beds
bathrooms
1 Bath
square feet
907 Ft²
$1,172
Est. Monthly

About This Property

Move In Ready!! Whether you're searching for the perfect starter home, sunny seasonal retreat, or smart investment, this charming 2BR/1BA delivers! Enjoy stress-free living w/ a 2024 roof and upgrades throughout. The remodeled kitchen shines w/ quartz countertops and backsplash, stainless steel appliances, soft-close cabinetry, and a stainless sink. New luxury vinyl plank flooring flows through the home, complemented by cozy carpeted living. The beautifully updated bath features a tiled walk-in shower w/ accessible handrails. Relax al-fresco on the screened-in carport and front porch. Enjoy outdoor living w/ a fully fenced backyard w/ shed, garden bed, avocado and Brazilian nut trees, plus double gates for easy RV/boat parking. Plenty of room to garden, add a pool, or expand. In an establish neighborhood with No HOA and No Rental Restrictions; the possibilities are endless. Privately backing to a canal and minutes from the Eau Gallie Arts District, dining, and Brevard's beaches!
Unit Size
907 Ft²
Days on Market
35 days
Land Size
0.15 acres
Price per sqft
$254
Property Type
House
Property Taxes
$42
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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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: 6 months ago (Space Coast MLS #1071280)

Price History

Date / Event Date Event Price
Apr 10, 2026 Sold
Premium
Sold
Mar 16, 2026 In contract -
In contract
Mar 6, 2026 Listed by Misty Morrison Real Estate $230,000
Listed by Misty Morrison Real Estate
Apr 10, 2000 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 187
  • Parking Space Count: 0
  • Patio Type: 17
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 585
  • Total Building Area: 1,170
  • Gross Building Area: 1,170
  • Building Area: 907
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 5
  • Heating: 7
  • Heated Square Feet: 907
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRESTHAVEN HOMES SEC 2
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CRESTHAVEN HOMES SEC 2 LOT 39 BLK L

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064400

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 294
  • Account Number: 2722332
  • Parcel: 27-37-19-76-0000L.0-0039.00
  • Block: L
  • Lot: 39
  • Meridian: SEC 19 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1155
  • Longitude: -80.6595

    Address

  • Full Address: 531 Cheyenne Ave
  • Address - House Number: 531
  • Address - Street Name: Cheyenne
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C024
  • 4-Digit Zip Code: 2617
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 982
  • Tax Year: 2022
  • Tax Amount: $41,612
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 237,929
  • High Value: 289,625
  • Low Value: 186,233

    Market Valuation

  • Market Total Value: $168,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,120

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2000
  • Current Sale Recording Date: Apr 10, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cresthaven Homes

Stats & Trends

Median Asking:

$248,450

Sale Price/ft²

$214

Below Asking

0.04%

Average Days on Market

86

Average Home Size

1138 ft²

Average Home Age

59.8 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2273 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2273 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2261 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2261 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2277 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2277 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Lauren Souto, Misty Morrison Real Estate
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1071280
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.

Frequently Asked Questions

When was property at 531 Cheyenne Avenue built and last sold?
The property at 531 Cheyenne Avenue was built in 1963 and last sold on Mar 30, 2000 for $52,000.
How much is this home worth?
The estimated value of the home located at 531 Cheyenne Avenue is $0.
What are some comparable homes to 531 Cheyenne Avenue?
There are currently no comparable homes to 531 Cheyenne Avenue.
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