785 Azalea Lane
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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 |
|---|---|---|---|
| Oct 6, 2025 | Sold | ||
| Sold | |||
| Sep 6, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Douglas Elliman Florida LLC | $3,200,000 | |
| Listed by Douglas Elliman Florida LLC | |||
| Jul 13, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Mar 24, 2025 | Listed by Douglas Elliman Florida LLC | $4,585,000 | |
| Listed by Douglas Elliman Florida LLC | |||
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The final Azalea Commons residence now available! The only courtyard of our 3-custom home enclave offers sunny E exposure, a larger pool w/sun shelf + detached casita for gym, office, guests - plumbed for optional bath! As with all Azalea Commons homes, 785 is a custom home awaiting its fortunate owner, offering rock solid full masonry build w/luxe fit + finish w/a private Charleston-style private garage/driveway. Main level primary suite + flex spaces combine w/smart 2nd fl of larger guest suites + flex family room. A rare enclave likely never to be duplicated! Walk to all things Vero!No HOA!
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About Vero Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017