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6231 Constellation Drive
About This Property
The community is planned to feature an exceptional lineup of amenities, including a two-story clubhouse, resort-style pool, fitness center, pickleball and tennis courts, 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 |
|---|---|---|---|
| May 27, 2026 | Relisted | $890,000 | |
| Relisted | |||
| May 13, 2026 | No longer available | - | |
| No longer available | |||
| Jan 16, 2026 | Listed by South Shore Development, Inc | $890,000 | |
| Listed by South Shore Development, Inc | |||
| Dec 18, 2024 | Listed | $950,000 | |
| Listed | |||
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The Shores@Tranquility, a gated community, is located in the heart of the Space Industry on the shores of the Indian River. This esteemed gated community prides itself on a well planned development that provides all the amenities a good life deserves. Enjoyment has many options here! Starting with the Resort Style Clubhouse, boasting a dynamic pool front oasis, Fitness center ,Pickle Ball courts, walking trails that lead you around community lakes and ponds. There will be a planned community observation pier and an on-site Marina. Build your custom WATERFRONT home with one of the pre-approved, construction expects in the Space Coast area chosen by the Developer. The sky is no longer the limit here ! Waterfront views give you premier access on launch days and nights where you will see NASA, SpaceX and others launch their rockets into the stars! Come and be part of the newest community that touts luxury, style and enjoyment in the heart of The Space Coast.
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Last Updated: 9 days ago
Data Source: Space Coast MLS, MLS# 1066764
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