8985 Highway A1a
About This Property
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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 |
|---|---|---|---|
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$3,850,000
↓ $89K
(2.3%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by One Sotheby's International | $3,939,000 | |
| Listed by One Sotheby's International | |||
| Jul 27, 2015 | Sold | ||
| Sold | |||
| Feb 24, 2014 | Listed by Salt Water Realty of Brevard | $2,449,000 | |
| Listed by Salt Water Realty of Brevard | |||
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Incredible oceanfront estate on Melbourne Beach’s southern barrier island. 1.08 acres with 3 stories of spectacular ocean views. Desirable location w miles of pristine beaches, nature preserves and privacy. Stunning newer home features over 6400 sq ft of living space! 5 bedrooms, 5 full baths, 2 half baths, elevator, chef’s granite kitchen with gas range and full-sized Subzero refrigerator and freezer. Exceptional floorplan with gorgeous third floor master suite, nicely distributed guest beds/baths, mother-in-law suite, ample living spaces inc. a large media room. Step out to a huge tropical pool with tiki cabana and layers of decks to enjoy warm ocean breezes. Fortress-built concrete block home on pilings with tile roof. 2 attached garages for up to 8 vehicles. Inlet nearby!
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Property Highlights
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Price/ft²
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About Brevard
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017