43
Map
$256,500
●
Townhouse -
Off Market
785 Luminary Circle #103
Melbourne, FL 32901
3 Beds
2 Baths
1,277 Ft²
$1,751
Est. Monthly
$100
HOA / Fees
6.75%
Cap Rate
About This Property
Beautiful Lake Views from this 3-bedroom, 2-Bath, 1-Car Garage
Townhome in Resort-Style Sonesta Walk. A perfect opportunity
to own this lovely fully furnished home situated in one of the best
locations in the community, close to F.I.T, Downtown Melbourne, & a
short drive to beaches. Amenities include a heated pool, hot
tub, volleyball, tennis courts, playground, basketball, & walking
trails. All with a low HOA fee of just $100/month which also
includes lawn care. Enjoy morning coffee with gorgeous water views
from your fenced brick paver patio. Downstairs you will find
a living/dining area with a fully equipped kitchen, two spare
bedrooms, full bath & laundry space along with plenty of storage.
Upstairs is the primary suite for added privacy with his/her
closets and master bath. All furnishings are included, just bring
your personal items and move right in. This home is well-maintained
with a new roof in 2023, new A/C 2024 and mature landscaping.
A must see!
Unit Size
1,277 Ft²
Days on Market
60 days
Land Size
0.07 acres
Price per sqft
$211
Property Type
Townhouse
Property Taxes
$325
HOA Dues
$100
Year Built
-
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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: 3 months ago (Space Coast MLS #1054703)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Sep 23, 2025 | Price Decreased |
$270,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by Waterman Real Estate, Inc. | $280,000 | |
| Listed by Waterman Real Estate, Inc. | |||
| Jun 6, 2025 | Listed | $295,000 | |
| Listed | |||
| | |||
|
Beautiful Lake Views from this 3-bedroom, 2-Bath, 1-Car Garage Townhome in Resort-Style Sonesta Walk. A perfect opportunity to own this lovely fully furnished home situated in one of the best locations in the community, close to F.I.T, Downtown Melbourne, & a short drive to beaches. Amenities include a heated pool, hot tub, volleyball, tennis courts, playground, basketball, & walking trails. All with a low HOA fee of just $100/month which also includes lawn care. Enjoy morning coffee with gorgeous water views from your fenced brick paver patio. Downstairs you will find a living/dining area with a fully equipped kitchen, two spare bedrooms, full bath & laundry space along with plenty of storage. Upstairs is the primary suite for added privacy with his/her closets and master bath. All furnishings are included, just bring your personal items and move right in. This home is well-maintained with a new roof in 2023, new A/C 2024 and mature landscaping. A must see!
| |||
Property Highlights
Garage
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: Detached, Garage, Garage Door Opener
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Laminate
Laundry Features: Electric Dryer Hookup, In Unit, Lower Level, Washer Hookup
Exterior Details
Has Property Attached
Square Footage: 1277
Square Footage Source: $0
Architectural Style: Contemporary, Patio Home, Villa
Year Built: 2005
Waterfront Features: Lake Front
Building Area Total: 1337
Levels: Two
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Front Porch, Patio
Lot Features: Other
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3049
Water Source: Public
Financial Details
Tax Annual Amount: $3,899
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Barbecue, Basketball Court, Clubhouse, Maintenance Grounds, Management, Playground, Pool, Spa/Hot Tub, Tennis Court(s)
HOA Fee: $100
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/15/2025
|
3 Bed
|
2 Bath
|
1277 ft²
|
$280,000
3 Bed
2 Bath
1277 ft²
|
$256,500
-8.39%
10/14/2025
|
Andy Waterman
Waterman Real Estate, Inc.
| |
|
02/29/2016
|
2 Bed
|
2 Bath
|
1008 ft²
|
$144,900
2 Bed
2 Bath
1008 ft²
|
$140,250
-3.21%
03/25/2016
|
Terry Palmiter
RE/MAX Aerospace Realty
| |
|
10/15/2012
|
2 Bed
|
2 Bath
|
1008 ft²
|
$130,000
2 Bed
2 Bath
1008 ft²
|
$105,000
-19.23%
11/15/2012
|
Gregory Ellingson
Ellingson Properties
|
Building Info
About Sonesta Walk
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,600 /mo
- 2 Beds
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- 895 ft²
$1,550 /mo
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Listed by: Andy Waterman, Waterman Real Estate, Inc.
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1054703
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: 3 months ago
Data Source: Space Coast MLS, MLS# 1054703
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