For SaleRisky Deal68 days on market
1102 Egret Lake Way
1102 Egret Lake Way, Melbourne, FL 32940, Melbourne, FL 32940
$599,000
Estimate®:$586,400
Listing Price
1102 Egret Lake Way, Melbourne, FL 32940
Loc: Melbourne, FL
Days Listed
68
Tax Assessed
$438k
Estimate®
$586k
Market Rate
Lot Size
0.50 acres
Rent Estimate
$3,004/mo
Est. Cash Flow base
Type
single family
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.
10
Quest Elementary School
PK-6
1.6 mi away
N/A
Devereux Hospital
K-12
0.9 mi away
7
Viera High School
PK,9-12
1.1 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
ranch stylewaterfront propertyscreened-in poolstucco exteriorsingle-storysuburbantile roofspacious lawnattached garageaerial viewlakefrontoutdoor living area
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.32%
Total ROI
30.9%
Cash Flow
$-1,453/mo
DSCR
0.53
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,453/mo net cash flow with a 3.3% 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 |
|---|---|---|---|
| 2026-08-31 | Price change | $599,000 | $322 |
| 2026-08-28 | Price change | $615,000 | $330 |
| 2026-08-12 | Price change | $625,000 | $336 |
| 2026-07-31 | Price change | $650,000 | $349 |
| 2026-07-17 | Listed for sale | $670,000 | $360 |
| 2020-07-28 | Sold | $325,000 | $175 |
| 2020-06-15 | Pending sale | $310,000 | $166 |
| 2020-06-12 | Listed for sale | $310,000 | $166 |
| 2016-07-08 | Sold | $100,800 | $54 |
| 2014-09-05 | Sold | $217,900 | $117 |
| 2014-06-06 | Listed for sale | $217,900 | $117 |
| 2011-03-16 | Sold | $169,900 | $91 |
| 2011-02-26 | Listed for sale | $169,900 | $91 |
| 2011-02-02 | Pending sale | $169,900 | $91 |
| 2011-01-19 | Listed for sale | $169,900 | $91 |
| 2003-06-30 | Sold | $170,000 | $91 |
| 2000-01-11 | Sold | $28,500 | $15 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $823.82 | $436,660 |
| 2024 | $686.15 | $424,360 |
| 2023 | $666.38 | $412,000 |
| 2022 | $646.04 | $340,360 |
| 2021 | $4,109.32 | $270,990 |
| 2020 | $2,895.6 | $216,530 |
| 2019 | $2,846.32 | $211,670 |
| 2018 | $2,846.32 | $207,730 |
| 2017 | $2,853.06 | $203,460 |
| 2016 | $2,880.69 | $177,730 |
| 2015 | $2,598.76 | $176,500 |
| 2014 | $2,180.82 | $144,210 |
| 2013 | $0 | $156,570 |
| 2012 | $1,781.55 | $139,710 |
| 2011 | $2,095.4 | $118,930 |
| 2010 | $2,278.59 | $140,700 |
| 2009 | $2,370.77 | $155,570 |
| 2008 | $2,947.43 | $193,000 |
| 2007 | $2,799.61 | $197,000 |
| 2005 | $3,528.26 | $183,740 |
| 2004 | $2,804.13 | $132,360 |
| 2003 | $1,869.77 | $123,470 |
| 2002 | $1,813.96 | $111,820 |
| 2001 | $1,765.92 | $112,900 |
| 2000 | $524.14 | $28,000 |
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