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588 Peregrine Drive
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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 |
|---|---|---|---|
| Feb 24, 2026 | Listed by STELLAR NON-MEMBER OFFICE | $936,500 | |
| Listed by STELLAR NON-MEMBER OFFICE | |||
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Welcome to 588 Peregrine, where comfort meets contemporary design. This beautifully maintained home offers a seamless blend of style and functionality, featuring an open-concept living space filled with natural light, generous room sizes, and thoughtfully selected finishes throughout.
The heart of the home is a modern kitchen designed for both everyday living and entertaining, flowing effortlessly into inviting living and dining areas. Spacious bedrooms provide peaceful retreats, while the primary suite offers privacy and comfort.
Step outside to enjoy a private outdoor space perfect for relaxing evenings or weekend gatherings. Ideally situated in a desirable neighborhood close to schools, parks, shopping, and commuter routes, 588 Peregrine delivers convenience without compromise.
A place to settle in. A place to grow. A place to call home.
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| Feb 23, 2026 | Sold | ||
| Sold | |||
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Dec 6, 2025 | Listed by Red 275 | $985,000 | |
| Listed by Red 275 | |||
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Beautiful blend of coastal charm and the best modern finishes make this beachside fortress built to last. Beginning with a rock solid and bone dry structure, this 2x6 frame with full brick overlay, was taken down to the studs and artfully rebuilt to the highest standards. Everything you'd expect for worry free Florida living is present and includes: heavy missile rated glass(including skylights), hurricane strapping, Miami Dade certified garage door, overhead Upnor plumbing lines, PVC waste lines, Icynene spray foam insulation, high efficiency Trane AC with electrostatic filtration system, a new built, gas heated pool, fire pit and grilling area. Additionally, you'll find European oak wood floors throughout, all American Made cabinetry, designer level quartz countertops and attention to detail everywhere. This 4 bedroom 2 bath home is located in the Sanctuary by the Sea. With its guarded entrance and easy stroll to Paradise Beach, it's hard to imagine a better Indialantic location.
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| Aug 23, 2022 | Sold | ||
| Sold | |||
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About The Sanctuary
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Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 935781
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