Set along the Banana River in Satellite Beach, this architecturally
distinctive residence combines timeless design with modern updates.
Featuring a new roof and new paver driveway, the home showcases
enduring steel beam construction and center-cut redwood, a rare
blend of strength and craftsmanship.
Positioned on an expansive .90-acre lot, the property offers
exceptional privacy and space within a gated waterfront community.
The home's unique architecture integrates indoor and outdoor
living, highlighted by a tranquil koi pond and stream that flow
through and beneath the structure creating a serene connection to
nature.
Enjoy sweeping river views, a private pool and multiple outdoor
spaces designed for relaxation and entertaining. The location
offers effortless access to the beach, Banana and Indian River,
dining, and Melbourne International Airport, making travel and
leisure equally convenient.
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.
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