656 Franklyn Avenue
About This Property
Set on a .42-acre lot, the property is framed by refreshed landscaping and subtle water features that create a sense of privacy without feeling closed off. Bimini shutters on select windows add a refined architectural detail, complementing the home's exterior. Inside, the home offers large, well-proportioned living spaces with new flooring, updated trim, and carefully selected lighting throughout. A fireplace anchors the main living area, adding warmth and character. The kitchen was completely rebuilt with custom cabinetry, Taj Mahal quartz countertops, Thermador appliances, a farmhouse sink, and thoughtful details that make it equally functional for daily use and entertaining.
A custom bar with textured wallpaper and quartz counters adds personality while remaining understated and cohesive with the rest of the home.
The primary bedroom and primary bath were completely remodeled and redesigned to feel calm and private. A stone soaking tub and an open, tiled double shower anchor the bath, complemented by a built-in vanity, Toto washlet, and a walk-in closet. Remote-controlled window treatments allow the suite to transition easily from bright and open to quiet and secluded.
Outdoors, the saltwater pool is equipped with both a heater and chiller, making it comfortable for use during Florida's winter and summer seasons. Just five minutes to the beach, seconds from the river, approximately 15 minutes to Melbourne Orlando International Airport, and about 45 minutes to Orlando and Orlando International Airport, this home offers a prime location on one of Indialantic's most sought-after streets
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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 |
|---|---|---|---|
| Jun 3, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Price Decreased |
$1,375,000
↓ $90K
(6.1%) | |
| Price Decreased | |||
| Jan 14, 2026 | Listed by One Sotheby's International | $1,465,000 | |
| Listed by One Sotheby's International | |||
| Mar 28, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017