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6221 Constellation Drive
About This Property
This premier, golf cart-friendly gated waterfront community is planned to offer an exceptional array of amenities, including a two-story clubhouse, resort-style pool, fitness center, pickleball and tennis courts, a dog park, playground, and miles of scenic sidewalks and walking trails.
Future plans also include a proposed marina, community pier, and a vibrant town center with a grocery store, restaurants, and shopping.
Conveniently located just off the NASA Causeway with easy access to major roadways, nearby beaches, and international airports, making everyday living and travel effortless.
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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 |
|---|---|---|---|
| Mar 9, 2026 | Listed by South Shore Development, Inc | $895,000 | |
| Listed by South Shore Development, Inc | |||
| Mar 26, 2025 | Listed | $915,000 | |
| Listed | |||
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The Shores at Tranquility offers a unique blend of luxury, coastal lifestyle, natural beauty and modern conveniences. Build your dream home by some of the best custom home builders in the region. Don't miss this opportunity to own a piece of paradise in a thriving market, the hub for innovation and high-tech job opportunities. More information to be found on The Shores at Tranquility website. Buyer to verify all listing information as it is deemed reliable but not guaranteed. Seller and listing agent make no warranties, expressed or implied. Buyer is responsible for conducting their own due diligence to confirm the accuracy of all listing details.
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| Mar 12, 2025 | Listed | $915,000 | |
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Discover an unparalleled opportunity to build your dream home on this exclusive 0.29-acre riverfront lot in The Shores at Tranquility, a private, gated community on Florida's stunning Space Coast. Enjoy breathtaking IR Lagoon views & direct waterfront access. The Shores at Tranquility offers a unique blend of luxury, coastal lifestyle, natural beauty and modern conveniences. Build your dream home by some of the best custom home builders in the region. Don't miss this opportunity to own a piece of paradise in a thriving market, the hub for innovation and high-tech job opportunities. More information to be found on The Shores at Tranquility website. Buyer to verify all listing information as it is deemed reliable but not guaranteed. Seller and listing agent make no warranties, expressed or implied. Buyer is responsible for conducting their own due diligence to confirm the accuracy of all listing details.
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About Titusville
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Last Updated: 9 days ago
Data Source: Space Coast MLS, MLS# 1071407
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