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Viera West 32940
8770 Napolo Drive
$555,000
● House - Off Market

8770 Napolo Drive

Melbourne, FL 32940
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,042 Ft²
$566,883
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Stunning Arrivas Village. This low maintenance, single family home is a short walk to all of the finest things Viera has to offer. From shopping to restaurants to world class golf and medical care, it's all right outside your door. This 3 bedroom 2.5 bath home has been impeccably maintained since day one by its original owners. The spacious downstairs primary suite over looks a tranquil and extremely private courtyard. A designer kitchen with gas appliances and motorized window treatments highlight just a couple of the numerous upgrades present. Hurry, this one checks every box.
Unit Size
2,042 Ft²
Days on Market
65 days
Land Size
0.09 acres
Price per sqft
$279
Property Type
House
Property Taxes
$242
HOA Dues
$644
Year Built
2016

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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: 5 months ago (Space Coast MLS #971091)

Price History

Date / Event Date Event Price
Oct 3, 2023 Sold
Premium
Sold
Jul 29, 2023 Listed by Red 275 $569,000
Listed by Red 275
Jan 1, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 417
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 3,920
  • Total Building Area: 2,554
  • Gross Building Area: 2,554
  • Building Area: 2,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARRIVAS VILLAGE - PHASE 1
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: ARRIVAS VILLAGE - PHASE 1 LOT 5 BLK M

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071201

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: MB 60 PG 6
  • Account Number: 2632566
  • Subdivision Phase Number: 1
  • Parcel: 26-36-09-76-0000M.0-0005.00
  • Block: M
  • Lot: 5
  • Meridian: SEC 09 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2336
  • Longitude: -80.7286

    Address

  • Full Address: 8770 Napolo Dr
  • Address - House Number: 8770
  • Address - Street Name: Napolo
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R002
  • 4-Digit Zip Code: 7496
  • Zip Code: 32940

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $290,816
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 581,118
  • High Value: 693,141
  • Low Value: 469,096

    Market Valuation

  • Market Total Value: $414,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $232,950

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 210131
  • Previous Sale Recording Date: Jan 01, 2016
  • Previous Sale Contract Date: Jan 01, 2016
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Viera West

Stats & Trends

Median Asking:

$539,900

Sale Price/ft²

$261

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2265 ft²

Average Home Age

11.3 years

Currently For Sale

114 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 700 Trotter Lane, MELBOURNE, FL, 32940

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,811 ft²
700 Trotter Lane #204, MELBOURNE, FL, 32940 Listing by Ashley Langford
Unit for rent at 2490 Treasure Cay Lane, Melbourne, FL, 32940

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,565 ft²
2490 Treasure Cay Lane, Melbourne, FL, 32940 Listing by Bryant Dorricott

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Mark E Fontaine, Red 275
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 971091
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.

Frequently Asked Questions

When was property at 8770 Napolo Drive built and last sold?
The property at 8770 Napolo Drive was built in 2016 and last sold on Sep 29, 2023 for $555,000.
How much is this home worth?
The estimated value of the home located at 8770 Napolo Drive is $0.
What are some comparable homes to 8770 Napolo Drive?
There are currently no comparable homes to 8770 Napolo Drive.
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