17
Map
781 Conestee Drive
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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%.
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jul 18, 2025 | Price Decreased |
$359,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jun 26, 2025 | Price Decreased |
$365,000
↓ $15K
(4%) | |
| Price Decreased | |||
| Feb 4, 2025 | Listed by EXP Realty, LLC | $380,000 | |
| Listed by EXP Realty, LLC | |||
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Welcome to 781 Conestee Drive, nestled within the prestigious gated community of The Falls at Sheridan Phase I in Melbourne, FL 32904. This exquisite residence boasts a combination of vinyl and tile flooring, offering durability and style throughout. Relax and unwind in the inviting Florida room, perfect for enjoying the beautiful Florida weather year-round. Situated on a desirable corner lot, this home provides added privacy and space. Roof is only 5 years old. Step inside to discover the elegance of two-paneled doors and a well-appointed interior. Enjoy the convenience of living just 4 miles away from Melbourne Square shopping center and a variety of restaurants, providing endless entertainment options. For beach enthusiasts, the nearest sandy shores are only 11.4 miles away, offering a quick escape to the coast. Additionally, adventure awaits just 72 miles away at the renowned Disney attractions.
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About The Falls at Sheridan
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$2,000 /mo
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- 1 Bath
- 936 ft²
$1,900 /mo
- 3 Beds
- 2 Baths
- 1,320 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017