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620 W Pine Road
About This Property
From the moment you step inside, you'll notice the unique architectural elements, custom finishes, and warm, inviting spaces that make this home so special. Every room reflects intentional design and timeless charm, offering a refreshing alternative to cookie-cutter properties.
Step outside to your private backyard retreat featuring a sparkling pool, perfect for relaxing afternoons or entertaining guests. The expansive one-acre lot provides privacy, mature landscaping, and plenty of room to enjoy the Florida lifestyle.
In addition to the main home, the property includes a detached workshop; ideal for hobbyists, car enthusiasts, artists, or additional storage. Located in the heart of Melbourne Village, known for its natural beauty, winding roads, and peaceful setting, this property offers a rare opportunity to own a truly distinctive home in one of the area's most sought-after communities.
Experience privacy, character, and space all just minutes from shopping, dining, and the beaches.
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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 |
|---|---|---|---|
| Jul 23, 2026 | Relisted | $599,900 | |
| Relisted | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| Jul 4, 2026 | Relisted | $599,900 | |
| Relisted | |||
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Price Decreased |
$624,900
↓ $25K
(3.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017