48
Map
580 Watson Drive
About This Property
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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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Nov 11, 2025 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Listed by Julie Taylor Properties LLC | $575,000 | |
| Listed by Julie Taylor Properties LLC | |||
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Multiple Offers - Highest & Best by 5:00 11/03/2025.---A solid start for your next coastal project! This modern solid-block home offers 4 bedrooms, 2 baths, plus a large office—the perfect blend of space and potential. Updates include a 2019 roof, new large-format tile and plank flooring, new electrical, 2011 HVAC, generator, and hurricane shutters. The bright, sun-filled living area features an open-concept flow with potential for an expanded kitchen. The home is painted in neutral coastal tones (95% complete). Located in one of Indialantic's most sought-after beachside neighborhoods—no HOA, just easy living. Walkable to top rated Indialantic Elementary & Hoover Middle schools, the beach, Publix, local restaurants, and Vincent Benevente Sunset Park for unforgettable riverfront sunsets. Some finishing work still needed—bring your vision and make it shine!
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| Jun 2, 2022 | Sold | ||
| Sold | |||
| Mar 28, 2022 | Listed by One Sotheby's International | $669,000 | |
| Listed by One Sotheby's International | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017