15
Map
938 Pelican Lane
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 |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Mar 29, 2026 | Price Decreased |
$425,000
↓ $9K
(2.1%) | |
| Price Decreased | |||
| Mar 4, 2026 | Price Decreased |
$434,000
↓ $6K
(1.3%) | |
| Price Decreased | |||
| Jan 29, 2026 | Listed by Florida East Coast Real Estate | $439,900 | |
| Listed by Florida East Coast Real Estate | |||
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Discover coastal bliss at 938 Pelican Lane! Located in Rockledge's sought-after Pelican Harbour community on Florida's vibrant Space Coast. This inviting 4-Bed/2-Bath gem welcomes you with an airy, open living design perfect for modern lifestyles, featuring a spacious living room ideal for movie nights, a separate cozy sitting room or flex space, dining room for gatherings, and an open eat-in kitchen. The thoughtful split floor plan offers exceptional privacy, with the primary suite tucked away from the secondary bedrooms—perfect for families or guests. Step outside to your private oasis: savor gentle breezes relaxing on the screened patio, tackle weekend projects in the attached shed/workshop, and enjoy the fully fenced lush backyard bursting with space for kids to play, pets to romp, or simply unwind. Conveniently located near shopping, with a short drive to pristine beaches, scenic parks, and top golf courses. Embrace the Space Coast vibe—launch your dreams here!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017