999 Sunswept Road NE
About This Property
Welcome to your private waterfront sanctuary nestled along the scenic shores of Turkey Creek in Palm Bay. Perfectly positioned just 15 minutes to downtown and area beaches, this beautifully upgraded 4-bedroom plus office, 3-bath estate offers the rare combination of tranquility, recreation, and income potential.
Spanning approximately 2,375 square feet on an expansive .41-acre lot, this open-concept home is designed to capture breathtaking panoramic water views. A striking double-sided fireplace anchors the main living areas, while the chef-inspired kitchen flows seamlessly into generous gathering spaces ideal for entertaining.
Step outside into your own resort-style backyard oasis featuring a private pool, multiple conversation patios, propane fire pit, gas BBQ, and a private dock along a navigable canal with direct access to Turkey Creek. Launch your kayak or paddleboard from your backyard, fish from your your private coquina pebble shoreline, or simply unwind beneath glowing string lights as the sun rises over the water.
The enclosed Florida Room offers stunning waterfront views and year-round enjoyment, creating the perfect setting for morning coffee or sunset relaxation.Recent high-value upgrades include:
" New roof (2024)
" Dual AC systems (2024)
" Septic system (2024)
" Pool heater and pump (2023)
" Luxury vinyl flooring (2022)
Inside, the thoughtfully designed layout comfortably accommodates large gatherings while maintaining warmth and charm. Multiple entertainment spaces including a game-ready garage and dedicated kids' area make this home equally suited as a primary residence, vacation retreat, or high-performing short-term rental.
Located minutes from Turkey Creek Preserve, Downtown Melbourne, shopping, dining, medical services, and just a short drive to beaches, Brevard Zoo, and major attractions, this property delivers the ultimate Florida lifestyle.
Whether you're seeking a peaceful waterfront escape or an exceptional income-producing opportunity, this Turkey Creek retreat offers the best of both worlds.
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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%.
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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 |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Listed by Ohana East Coast Realty | $725,000 | |
| Listed by Ohana East Coast Realty | |||
| Oct 12, 2022 | Sold | ||
| Sold | |||
| May 25, 2022 | Listed by Ohana East Coast Realty | $550,000 | |
| Listed by Ohana East Coast Realty | |||
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About Highland Shores Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017