37
Map
655 Cocoanut Grove Avenue
About This Property
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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 2, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Listed by Real Broker, LLC | $400,000 | |
| Listed by Real Broker, LLC | |||
| | |||
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This updated 3-bedroom, 3-bathroom home sits on a spacious 0.54-acre lot in Melbourne, FL. With two primary suites—one on each level, it's perfect for multi-generational living or a private retreat.
Inside, you'll find custom 2'x4' tile flooring throughout and multiple living areas designed for comfort and functionality. Energy-efficient features include roof-installed solar panels and newer HVAC systems (2021), while a 2023 septic system replacement adds value. The oversized garage, currently a game room, can easily be converted back.
Outside, the fully fenced backyard features a 40'x30' concrete slab, ideal for a future workshop, entertaining space, or extra parking.
Located close to shopping, dining, and beaches, this home offers modern updates, smart design, and unbeatable space. Schedule your private showing today!
| |||
| Jun 28, 2021 | Sold | ||
| Sold | |||
| Feb 21, 2021 | Listed by Atlas Realty Florida | $325,983 | |
| Listed by Atlas Realty Florida | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017