28
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$1,315,000
●
House -
Off Market
8429 Serrano Circle
Melbourne, FL
3 Beds
3 Baths
2,863 Ft²
$8,193
Est. Monthly
$823
HOA / Fees
About This Property
Lakefront luxury w/a heated saltwater pool & spa, an outdoor gas
fireplace, a summer kitchen, a whole-house generator & dedicated
office! Crown molding & multi-dimensional tray ceilings top
rectangular tile & hardwood floors. An expansive great rm showcases
a built-in wall unit, a sleek electric fireplace & a huge slider
framing the backyard beauty. A half-moon granite island graces a
gourmet kitchen stocked w/SS appliances, a French door wall oven &
gas cooktop. Floor-to-ceiling butted glass curves around classy
dining w/a custom beverage station & wine fridge. Pool entry,
custom walk-in closets, granite sinks, a soaking tub & shower
w/triple heads create an indulgent owner's retreat. The waterfall
pool, granite outdoor kitchen & stone fireplace all overlook
luscious lakeside vistas!
Unit Size
2,863 Ft²
Days on Market
141 days
Land Size
0.28 acres
Price per sqft
$480
Property Type
House
Property Taxes
$618
HOA Dues
$823
Year Built
-
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Cap Rate Calculator
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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 #970022)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Jul 14, 2023 | Listed by Compass Florida, LLC | $1,375,000 | |
| Listed by Compass Florida, LLC | |||
Property Highlights
Fireplace
Garage
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Softener Owned
Flooring Type: Tile, Wood
Has Fireplace
Fireplace Features: Other
Exterior Details
Square Footage: 2863
Square Footage Source: $0
Security Features: Security System Owned
Year Built: 2020
Waterfront Features: Lake Front
Building Area Total: 4557
Levels: One
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Patio, Porch, Screened
Pool Features: Gas Heat, In Ground, Salt Water
Pool is Private
Lot Size Area: 0.28
Lot Size Units: Acres
Lot Size Acres: 0.28
Lot Size Square Feet: 12197
Water Source: Public
Financial Details
Tax Annual Amount: $7,420
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Maintenance Grounds, Management, Playground, Pool, Tennis Court(s)
HOA Fee: $802
Condo/Coop Fee: $250
Condo/Coop Fee Frequency: Annually
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 |
|---|
Similar Homes for Sale
Currently no similar homes around
Listed by: Jeremy Stewart, Compass Florida, LLC
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 970022
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# 970022
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