For SaleRisky Deal1 days on market
1211 E New Haven Ave #703
1211 E New Haven Ave #703, Melbourne, FL 32901, Melbourne, FL 32901
$575,000
Estimate®:$554,800
Listing Price
1211 E New Haven Ave #703, Melbourne, FL 32901
Loc: Melbourne, FL
Days Listed
1
Tax Assessed
$439k
Estimate®
$555k
Market Rate
Lot Size
436 sqft
Rent Estimate
$2,420/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
University Park Elementary School
PK-6
2 mi away
7
Herbert C. Hoover Middle School
7-8
2.3 mi away
6
Melbourne Senior High School
9-12
1.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
condominiumstucco exteriorhigh-risecoastal styleprivate balconiespalm treesmulti-storygated entrylandscaped groundscontemporarybeachside propertyparking garageresidential building
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.54%
Total ROI
14.0%
Cash Flow
$-1,767/mo
DSCR
0.41
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,767/mo net cash flow with a 2.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Melbourne, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $575,000 | $265 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,311.03 | $394,240 |
| 2024 | $5,974.26 | $383,130 |
| 2023 | $5,851.71 | $371,980 |
| 2022 | $5,528.79 | $361,150 |
| 2021 | $5,627.24 | $350,640 |
| 2020 | $5,572.88 | $345,800 |
| 2019 | $6,572.52 | $345,800 |
| 2018 | $6,572.52 | $342,370 |
| 2017 | $6,304.38 | $301,610 |
| 2016 | $5,835.41 | $273,110 |
| 2015 | $5,601.56 | $237,490 |
| 2014 | $5,134.16 | $237,490 |
| 2013 | $0 | $237,490 |
| 2012 | $4,748.54 | $0 |
| 2011 | $4,756.31 | $0 |
| 2010 | $5,070.56 | $0 |
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