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Melbourne Beach 32951 The River Colony West
603 Mango DRIVE
$560,000
● House - Off Market

603 Mango DRIVE

MELBOURNE BEACH, FL 32951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,885 Ft²
$3,112
Est. Monthly
3.87%
Cap Rate

About This Property

: Nestled in Melbourne Beach, this well-kept home offers more than just a prime location. With three bedrooms and two baths, its split floor plan ensures ample space and privacy. Outside, a spacious backyard awaits, adorned with lush landscaping-a serene retreat for relaxation or entertaining. Enjoy easy access to pristine beaches, Ryckman Park, and the Ocean Avenue Pier. Essential conveniences like restaurants, a community boat ramp, Melbourne Beach Supermarket, and Gemini Elementary School are all within reach. Set in the largest sea turtle nesting area in the western hemisphere, it's a haven for both nature lovers and those seeking a vibrant community that promise is a vacation like experience year-round.
Unit Size
1,885 Ft²
Days on Market
45 days
Land Size
0.28 acres
Price per sqft
$318
Property Type
House
Property Taxes
$170
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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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: 3 years ago (Stellar MLS #O6219129)

Price History

Date / Event Date Event Price
Aug 12, 2024 Sold
Premium
Sold
Jul 23, 2024 In contract -
In contract
Jun 28, 2024 Listed by ONE SOTHEBY'S INTERNATIONAL $599,000
Listed by ONE SOTHEBY'S INTERNATIONAL
Mar 6, 2019 Sold
Premium
Sold
Jan 19, 1999 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,885
  • Gross Building Area: 2,885
  • Building Area: 1,885
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,885
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER COLONY WEST SECTION, THE
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: RIVER COLONY WEST SECTION, THE LOT 8 BLK B

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066101

Zoning

  • Zoning: 1RS

Geography

  • Assessors Map Reference: 327
  • Account Number: 2847295
  • Parcel: 28-38-06-79-0000B.0-0008.00
  • Block: B
  • Lot: 8
  • Meridian: SEC 06 TWN 28S RNG 38E
  • Municipality: MELBOURNE BEACH
  • Latitude: 28.074
  • Longitude: -80.5661

    Address

  • Full Address: 603 Mango Dr
  • Address - House Number: 603
  • Address - Street Name: Mango
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 2125
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 2,302
  • Tax Year: 2022
  • Tax Amount: $196,458
  • Tax Rate Code Area: 34X0

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 732,259
  • High Value: 864,753
  • Low Value: 599,765

    Market Valuation

  • Market Total Value: $521,710

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $179,020

    Sales

  • Current Sale Contract Date: Feb 19, 2019
  • Current Sale Recording Date: Mar 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019045934
  • Previous Sale Recording Date: Jan 19, 1999
  • Previous Sale Contract Date: Jan 15, 1999
  • Previous Sale Amount: $122,000
  • 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 The River Colony West

Stats & Trends

Median Asking:

$2,395,000

Sale Price/ft²

$713

Above Asking

0.04%

Average Days on Market

47

Average Home Size

3361 ft²

Average Home Age

54 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 210 6th Avenue, Indialantic, FL, 32903

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 580 ft²
210 6th Avenue #1, Indialantic, FL, 32903 Listing by Scott M Bouchard
Unit for rent at 1145 Shannon Avenue, Indialantic, FL, 32903

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,020 ft²
1145 Shannon Avenue, Indialantic, FL, 32903 Listing by Petra Appling
Unit for rent at 1706 Atlantic Street, Melbourne Beach, FL, 32951

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,575 ft²
1706 Atlantic Street #3B, Melbourne Beach, FL, 32951 Listing by Eric S Van Dam

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Donna Browning
ONE SOTHEBY'S INTERNATIONAL
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6219129
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 603 Mango Drive built and last sold?
The property at 603 Mango Drive was built in 1963 and last sold on Feb 19, 2019 for $72,300.
How much is this home worth?
The estimated value of the home located at 603 Mango Drive is $0.
What are some comparable homes to 603 Mango Drive?
There are currently no comparable homes to 603 Mango Drive.
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