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Map
6420 Highway A1a
About This Property
.27 of an acre. Bike/Walking path for miles.
7 miles north of the Sebastian Inlet State Park. Approximately 4.2 miles south of Driftwood Plaza/Publix market. 4 Blocks north of flashing light at the Town Star Market and Subway Restaurant.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
| Oct 10, 2024 | Price Decreased |
$399,000
↓ $51K
(11.3%) | |
| Price Decreased | |||
| Sep 20, 2024 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Jan 17, 2024 | Listed | $475,000 | |
| Listed | |||
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Time to escape to paradise immerse yourself in the quintessential beach lifestyle, where days are filled with surfing, fishing, and diving! Craft your ideal home in a haven of perpetual balmy breezes, soft white sands, clear crystalline waters, and abundant Florida sunshine on this enchanting lot. Encompassing slightly over 0.27 acres and positioned few steps from direct beach access, this property on Florida's renowned Highway A1A is a swift 5-minute drive to the globally acclaimed Sebastian Inlet. Despite its proximity to opulent residences, the lot preserves its wooded allure, promising a secluded and private living environment. With a maximum height limit of 35 feet, your new residence will provide awe-inspiring ocean views. This exceptional opportunity stands as one of the final chances to construct a new home facing the Atlantic Ocean in Melbourne Beach. Moreover, it's less than a 10-minute drive to downtown Melbourne Beach and Indialantic. Embrace the epitome of coastal living
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| Dec 28, 2023 | Sold | ||
| Sold | |||
Property Highlights
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About Floridana Beach
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Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 791741
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