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Melbourne 32935 Carlton Stewart Gardens
535 PALMETTO DRIVE
Photo of 535 PALMETTO DRIVE
Sold on Jun 22, 2026

1

Map

$239,085
● House - Off Market

535 PALMETTO DRIVE

MELBOURNE, FL 32935
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,457 Ft²
$1,234
Est. Monthly

About This Property

Explore 535 Palmetto Dr, a recently improved residence showcasing all stainless steel appliances in the kitchen, paired with a new roof overhead. The entire home presents a renewed ambiance, enhanced by fresh interior paint and complementing fresh exterior paint. This extensively updated home is ready for contemporary living. Included 100-Day Home Warranty with buyer activation
Unit Size
1,457 Ft²
Days on Market
46 days
Land Size
0.22 acres
Price per sqft
$159
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1943

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (Stellar MLS #O6405941)

Price History

Date / Event Date Event Price
Jun 22, 2026 Sold
Premium
Sold
May 20, 2026 In contract -
In contract
May 7, 2026 Listed by OPENDOOR BROKERAGE LLC $231,000
Listed by OPENDOOR BROKERAGE LLC
Nov 8, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,633
  • Gross Building Area: 1,633
  • Building Area: 1,457
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,457
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ATWATERS SUBDIVISION
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: ATWATERS SUBDIVISION S 1/2 OF LOT 2 & N 25 FT OF LOT 3

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064301

Zoning

  • Zoning: RU111

Geography

  • Assessors Map Reference: 284
  • Account Number: 2718783
  • Parcel: 27-37-17-29-00000.0-0002.00
  • Lot: 2
  • Meridian: SEC 17 TWN 27S RNG 37E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.139
  • Longitude: -80.6498

    Address

  • Full Address: 535 Palmetto Dr
  • Address - House Number: 535
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C013
  • 4-Digit Zip Code: 4216
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 1,516
  • Tax Year: 2022
  • Tax Amount: $98,395
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.2017
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 225,469
  • High Value: 270,961
  • Low Value: 179,977

    Market Valuation

  • Market Total Value: $145,870

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 04, 2011
  • Current Sale Recording Date: Nov 08, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011201899
  • Previous Sale Recording Date: Aug 10, 2011
  • Previous Sale Contract Date: Aug 09, 2011
  • Previous 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 Carlton Stewart Gardens

Stats & Trends

Median Asking:

$309,950

Sale Price/ft²

$185

Below Asking

0.03%

Average Days on Market

42

Average Home Size

1549 ft²

Average Home Age

63.3 years

Currently For Sale

0 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 2267 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2267 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

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Karen Albright
OPENDOOR BROKERAGE LLC
Last Updated: 4 months ago
Data Source: Stellar MLS, MLS# O6405941
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 535 Palmetto Drive built and last sold?
The property at 535 Palmetto Drive was built in 1943 and last sold on Oct 4, 2011 for $60,000.
How much is this home worth?
The estimated value of the home located at 535 Palmetto Drive is $0.
What are some comparable homes to 535 Palmetto Drive?
There are currently no comparable homes to 535 Palmetto Drive.
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