For SaleRisky Deal11 days on market
1301 Cape Sable Dr
1301 Cape Sable Dr, Melbourne, FL 32940, Melbourne, FL 32940
$829,990
Estimate®:$802,800
Listing Price
1301 Cape Sable Dr, Melbourne, FL 32940
Loc: Melbourne, FL
Days Listed
11
Tax Assessed
$596k
Estimate®
$803k
Market Rate
Lot Size
0.30 acres
Rent Estimate
$4,316/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.
9
Suntree Elementary School
PK-6
1.6 mi away
N/A
Devereux Hospital
K-12
2.2 mi away
7
Viera High School
PK,9-12
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
stucco exteriortile roofsingle-storysuburbanwaterfront propertyscreened-in poolthree-car garagespacious backyardtropical landscapinggated communitycontemporary ranchsolar panelsmanicured lawnresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.50%
Total ROI
35.0%
Cash Flow
$-1,885/mo
DSCR
0.56
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,885/mo net cash flow with a 3.5% 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 |
|---|---|---|---|
| 2026-09-21 | Listed for sale | $829,990 | $268 |
| 2026-09-18 | Pending sale | $829,990 | $268 |
| 2026-09-18 | Contingent | $829,990 | $268 |
| 2026-09-14 | Listed for sale | $829,990 | $268 |
| 2001-08-03 | Sold | $306,900 | $99 |
| 2001-02-19 | Sold | $65,000 | $21 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,773.1 | $348,460 |
| 2024 | $4,434.37 | $338,640 |
| 2023 | $4,363.73 | $328,780 |
| 2022 | $4,070.76 | $319,210 |
| 2021 | $4,240.09 | $309,920 |
| 2020 | $4,170.56 | $305,650 |
| 2019 | $4,130.89 | $298,780 |
| 2018 | $4,130.89 | $293,210 |
| 2017 | $4,147.3 | $287,180 |
| 2016 | $4,197.98 | $281,280 |
| 2015 | $4,282.44 | $279,330 |
| 2014 | $4,138.54 | $257,930 |
| 2013 | $0 | $280,410 |
| 2012 | $3,720.83 | $249,880 |
| 2011 | $3,874.34 | $258,390 |
| 2010 | $3,675.62 | $265,150 |
| 2009 | $3,786.66 | $286,700 |
| 2008 | $3,789.38 | $375,000 |
| 2007 | $3,817.77 | $371,000 |
| 2005 | $4,186.37 | $367,270 |
| 2004 | $4,308.3 | $276,960 |
| 2003 | $3,878.35 | $214,080 |
| 2002 | $3,774.64 | $203,180 |
| 2001 | $1,106.34 | $57,000 |
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