55
Map
$600,000
●
House -
For Sale
578 Lake Ashley Circle
West Melbourne, FL 32904
4 Beds
3 Baths
2,839 Ft²
$3,608
Est. Monthly
$74
HOA / Fees
About This Property
Tucked away in the gated neighborhood of Ashley Manor, this West
Melbourne Estate is ready for its next owner. Situated on an
oversized lot and boasting over 2,800 square feet, this home feels
grand from the moment you pull up. Stepping inside, a spacious
living room with a refinished fireplace leads to the kitchen, which
has been updated with granite countertops and glass cabinetry. The
upgrades continue upstairs, where both bathrooms have been
tastefully modernized with new tile and high-end vanities. What
makes this home truly stand apart is the outdoor space. A huge,
covered, and screened lanai overlooks the expansive backyard that
is lined with trees and gives plenty of privacy. There is also a
fully built out RV storage and hookup, so no need to store your
toys off site. Peace of mind comes built in, with concrete block
construction, a 2023 roof, and two HVACs (2016 & 2023). See why
West Melbourne is the top choice for many buyers and schedule your
showing today!
Unit Size
2,839 Ft²
Days on Market
27 days
Land Size
0.31 acres
Price per sqft
$211
Property Type
House
Property Taxes
$587
HOA Dues
$74
Year Built
1988
Listed By
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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: 4 days ago (Space Coast MLS #1086820)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2026 | Listed by Keller Williams Realty Brevard | $600,000 | |
| Listed by Keller Williams Realty Brevard | |||
| Jun 5, 2026 | Price Decreased |
$624,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Apr 17, 2026 | Listed by Ayala Realty Group, LLC | $629,900 | |
| Listed by Ayala Realty Group, LLC | |||
   | |||
|
Ashley Manor, a Gated Cmty of W. Melbourne. This 2-story Concrete Block Stucco home offers 2,839-living area, 4-bedrooms, 3-bath, 2-fireplaces, side-entry 2-Car Garage, long Driveway w/parking for 8-cars & RV Area w/water & electric hookup. Owner spared no expense w/ upgrades & remodel: new oak hardwood floors upstairs, remodeled Baths, both Fireplace exteriors were refinished, laminate floors in the Office & Dining Rm & refinished Stairway. Interior highlights; triple crown molding, volume ceilings, custom blinds & ceiling fans. Downstairs: Foyer, Office, formal Dining Rm, Open Kitchen with granite countertops, large island w/Breakfast Area, refrigerator, new microwave, new stove & pantry, Full Bath & Laundry Rm. Upstairs: Master Bedroom w/Fireplace, walk-in closet w/ organizer & Master Bath, 3-Bedrooms & Hall Bath. Utilities: city water/septic. New sewer has been installed in the Cmty & sewer hookup to all homes in Ashley Manor are expected to be completed by June-July 2026.
| |||
| Aug 3, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed | $634,950 | |
| Listed | |||
| | |||
|
2-Story Concrete Block Home 4-Bedroom, 3-Full Baths, Truss Screened Porch, 2-Fireplaces (Great Rm & Master Bedroom), side entry 2-Car Garage, large Driveway & adjacent RV Parking with electrical power & water. The home has volume ceilings & triple crown molding throughout. The home underwent a major transformation during the owner's ownership & no expense was spare: New oak hardwood floors in the upstairs bedrooms & hallway, new tile floors & vanities in the remodeled master bath & hall bath, new exterior finish on both fireplaces, new laminate flooring in the downstairs office, new accordion hurricane shutters for entire home. The entire interior of the home was painted & the wide stairway leading to the upstairs was refinished in oak hardwood . The side entry 2-car garage door was replaced with a new hurricane rated door & the roof was replaced in 2023. City Sewer was approved & will be available the latter part of 2024. The home is move-in ready for the new buyer.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Additional Parking, Attached, Garage, RV Access/Parking, Secured
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Washer
Flooring Type: Tile, Wood
Laundry Features: Electric Dryer Hookup, Lower Level, Washer Hookup
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 2
Exterior Details
Square Footage: 2839
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 1988
Levels: Two
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Covered, Front Porch, Patio, Rear Porch, Screened
Lot Features: Many Trees, Sprinklers In Front, Sprinklers In Rear, Wooded
Lot Size Area: 0.31
Lot Size Units: Acres
Lot Size Acres: 0.31
Lot Size Square Feet: 13504
Water Source: Public
Financial Details
Tax Annual Amount: $7,047
Utilities Details
Cooling Type: Central Air, Electric, Multi Units
Heating Type: Central, Electric, Heat Pump, Separate Meters
Sewer : Septic Tank
Location Details
HOA Fee: $892
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ashley Manor
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Currently no similar homes aroundNearby Rentals
Listed by: Michael Carey Heissenbuttel, Keller Williams Realty Brevard
Last Updated: 4 days ago
Data Source: Space Coast MLS, MLS# 1086820
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: 4 days ago
Data Source: Space Coast MLS, MLS# 1086820
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