$425,000
●
House -
Off Market
688 Naples Court
Melbourne, FL 32904
4 Beds
3 Baths
1,763 Ft²
$2,467
Est. Monthly
$241
HOA / Fees
5.70%
Cap Rate
About This Property
A true gem located in the 55+ Active Adult Community of Compass
Point! This unique 4BD/3BA Courtyard Pool Home sits Lakeside at the
end of a quiet Cul-de-sac. This exceptional residence boasts a
separate guest suite, providing privacy & comfort for your
visitors. Inside, the main house features vaulted ceilings & a
seamless blend of wood and tile flooring throughout-No Carpet! The
kitchen has been beautifully updated w/ a tile backsplash & modern
appliances. In each bathroom, you'll find newer vanities,
countertops & fixtures. Step outside to enjoy your private
courtyard w/ pool, lake views & lush tropical landscaping. Explore
the community's extensive amenities, including a heated pool & spa,
BBQ area, putting green, bocce ball courts, & more! The clubhouse
offers an exercise room, kitchen, library, card room & weekly
activities. This centrally located Gated Community is just minutes
from shopping, dining & the beaches!
Unit Size
1,763 Ft²
Days on Market
57 days
Land Size
0.22 acres
Price per sqft
$241
Property Type
House
Property Taxes
$138
HOA Dues
$241
Year Built
2001
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (Space Coast MLS #1014071)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Feb 1, 2026 | Price Decreased |
$425,000
↓ $3K
(0.6%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$427,500
↓ $2K
(0.6%) | |
| Price Decreased | |||
| Dec 11, 2025 | Listed by Relentless Real Estate Co. | $429,900 | |
| Listed by Relentless Real Estate Co. | |||
| | |||
|
Stunning 4BR/3BA private courtyard pool home in a beautifully maintained 55+ community, residents enjoy a relaxed, resort-style atmosphere while remaining close to everyday conveniences.
This unique residence features a tranquil courtyard oasis with pool and separate private guest suite. Offering wood and tile flooring throughout, it is also surrounded by lush, well-maintained landscaping that enhances the sense of privacy and serenity.
Enjoy peace of mind and efficiency with a whole-home solar system, new roof, new water heater, and new washer, dryer, and refrigerator. —making this home truly move-in ready.
This one-of-a-kind courtyard pool home is a rare opportunity to enjoy privacy, comfort, sustainability, and timeless style all in one.
| |||
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Property Highlights
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Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Compass Pointe
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Listed by: Misty A Morrison, Misty Morrison Real Estate
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1014071
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1014071
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