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6385 Tropical Way
About This Property
Only homesite in Vero Beach at this price, ready to build. Pickup Trucks for private use allowed.
Convenient to shopping, highways, schools, and the beaches and medical.
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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 | Listed by EXIT Right Realty | $139,000 | |
| Listed by EXIT Right Realty | |||
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Listed by EXIT Right Realty | $126,500 | |
| Listed by EXIT Right Realty | |||
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Introducing Tropical Isle, a harmonious private community nestled in Vero Beach. This 1/4-acre + lot offers a serene atmosphere, making it an ideal location for those seeking peace & privacy. Build your dream home & create a personal oasis with plenty of room for a pool. The home you build must meet minimum building requirements to ensure the integrity & quality of the neighborhood. Seize this rare opportunity to own a piece of paradise in one of Vero Beach’s most desirable locations. Property ready to build on.
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| Dec 27, 2005 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Indian River
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017