$130,000
●
Condo -
Off Market
8520 US Highway 1 Highway #E4
Sebastian, FL 32976
2 Beds
1 Bath,
1
Half Bath
882 Ft²
$1,363
Est. Monthly
$514
HOA / Fees
8.60%
Cap Rate
About This Property
Snag a slice of Florida charm in Summit Cove! This 2-bed, 1.5-bath
condo offers 882 sq. ft. of potential with newer A/C, 2012 water
heater, a front patio and a sunny Florida room. Just minutes from
the Indian River, beaches, and shopping. Enjoy the pool, and
shuffleboard in this active community. With a little TLC, you've
got a winning investment or perfect getaway! AC isn't blowing cold.
Seller will not make any repairs. Property is sold "AS IS" Room
sizes appx. & subject to error. Home inspection report is available
upon request. Pre Foreclosure Status.
Unit Size
882 Ft²
Days on Market
192 days
Land Size
-
Price per sqft
$159
Property Type
Condo
Property Taxes
$161
HOA Dues
$514
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: 11 months ago (Indian River #287807)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Aug 9, 2025 | Relisted | $140,000 | |
| Relisted | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Price Decreased |
$140,000
↓ $10K
(6.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Parking Features: Additional Parking, Assigned, TwoSpaces, Uncovered
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Built-in Features, High Ceilings, Vaulted Ceiling(s)
Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Laminate, Tile
Laundry Features: In Unit
Rooms: 6
Exterior Details
Has Property Attached
Square Footage: 882
Square Footage Source: $0
Architectural Style: OneStory
Year Built: 1980
Waterfront Features: None
Levels: One
Window Features: Window Treatments, SingleHung
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Covered, Enclosed, Patio, Porch
Pool Features: Community, Pool
Pool is Private
Lot Features: Other
Lot Size Units: Acres
Lot Size Dimensions: N/A
Tax Lot: N/A
Water Source: Public
Financial Details
Tax Assessed Value: $127,780
Tax Annual Amount: $1,928
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : CountySewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Sewer, CommonAreas, RecreationFacilities
HOA/Condo/Coop Amenities: DuesPaidMonthly
HOA Fee: $514
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 |
|---|---|---|---|---|---|---|---|
|
01/08/2026
|
2 Bed
|
2 Bath
|
1533 ft²
|
$189,900
2 Bed
2 Bath
1533 ft²
|
-
-
|
Bonnie Stauber
Mac Evoy Real Estate Co
| |
|
05/05/2025
|
2 Bed
|
1 Bath
|
882 ft²
|
$150,000
2 Bed
1 Bath
882 ft²
|
$130,000
-13.33%
11/13/2025
|
Melissa Murphy
FUTURE HOME REALTY INC
| |
|
04/07/2025
|
2 Bed
|
1 Bath
|
780 ft²
|
$169,000
2 Bed
1 Bath
780 ft²
|
-
-
|
Becky M Boncek
RE/MAX Crown Realty
| |
|
11/19/2014
| |
2 Bed
|
2 Bath
|
-
|
$60,000
2 Bed
2 Bath
|
$57,000
-5.00%
01/28/2015
|
Jim Belanger
Dale Sorensen Real Estate Inc.
|
|
10/10/2013
|
2 Bed
|
2 Bath
|
882 ft²
|
$71,900
2 Bed
2 Bath
882 ft²
|
$60,000
-16.55%
03/31/2015
|
Louise Muller
RE/MAX Crown Realty
|
Building Info
About Micco
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Listed by: Melissa A Murphy, Dale Sorensen Real Estate Inc.
Last Updated: 11 months ago
Data Source: RAIRC, MLS# 287807
Last Updated: 11 months ago
Data Source: RAIRC, MLS# 287807
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