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5551 Constellation Drive
About This Property
This golf cart-friendly gated waterfront community is planned to offer an exceptional array of amenities, including a two-story clubhouse, resort-style pool, fitness center, pickleball and tennis courts, a dog park, playground, and miles of scenic sidewalks and walking trails.
Future plans also include a proposed marina, community pier, and a vibrant town center with a grocery store, restaurants, and shopping.
Conveniently located just off the NASA Causeway with easy access to major roadways, nearby beaches, and international airports, making everyday living and travel effortless.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Sold | ||
| Sold | |||
| Jul 18, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Listed by South Shore Development, Inc | $319,000 | |
| Listed by South Shore Development, Inc | |||
| Aug 4, 2025 | Listed | $319,000 | |
| Listed | |||
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Nestled within the exclusive, gated community of The Shores of Tranquility, Lot 174 presents a prime opportunity with approximately 0.22 acres of land. Residents will enjoy an impressive selection of planned amenities, including a beautifully designed clubhouse, resort-style pool, state-of-the-art fitness center, pickleball and tennis courts, a scenic community pier, and a dedicated dog park. The neighborhood offers modern infrastructure, featuring natural gas, cable, city water, and sewer. Meandering sidewalks and nature trails promote walkability and connect this golf cart-friendly community. Future plans include a vibrant town center with a grocery store, diverse dining options, and boutique shopping. This homesite is located in desirable Flood Zone X.
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Property Highlights
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About Pineda Ridge
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Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1068295
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Address: 335 Madison Avenue, New York, NY 10017