5040 Park Lake Dr
Melbourne, FL 32901
3 bd 2 ba 1,525 sqft Built 1987 Lot 6,534 sqft condos
Most recent sale
$260,000
Oct 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 7, 2022 | Sold | $260,000 | MLS #943985 |
| Aug 19, 2022 | Listed | $280,000 | MLS #943985 |
| Mar 18, 2004 | Sold | $135,000 | Public Record |
| Jun 1, 1992 | Sold | $79,400 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $64,310 | $510 |
| 2020 | — | — | $63,430 | $505 |
| 2019 | — | — | $62,010 | $513 |
| 2018 | — | — | $60,860 | $515 |
| 2017 | — | — | $59,610 | $518 |
| 2016 | — | — | $58,390 | $536 |
| 2015 | — | — | $57,990 | $546 |
| 2014 | — | — | $57,530 | $537 |
| 2013 | — | — | $56,680 | $536 |
| 2012 | — | — | $56,680 | $481 |
| 2011 | — | — | $66,680 | $563 |
| 2010 | — | — | $78,450 | $638 |
| 2009 | — | — | $98,060 | $902 |
| 2008 | — | — | $116,130 | $1,224 |
Property facts
Year built
1987
Property type
condos
Stories
1
Beds
3
Baths
2
Living area
1,525 sqft
Lot size
6,534 sqft
ZIP code
32901
City
Melbourne
Street
Park Lake Dr
Coordinates
28.03978, -80.63068
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,821
Gross rental yield
13.02%
Implied cap rate
8.46%
Trend-extrapolated value
—
Frequently asked questions
When did 5040 Park Lake Dr last sell?
5040 Park Lake Dr most recently sold on Oct 7, 2022 for $260,000.
What is the current tax assessment for 5040 Park Lake Dr?
The most recent total assessment for 5040 Park Lake Dr (year 2021) is $64,310 with $510 in property tax.
How does 5040 Park Lake Dr's assessment compare to its last sale price?
The current assessment is 75.3% below the last sale price of $260,000.
When was 5040 Park Lake Dr built?
5040 Park Lake Dr was built in 1987.
How does 5040 Park Lake Dr compare to others on Park Lake Dr?
We track 3 other properties on Park Lake Dr. Browse the list under "Other properties on Park Lake Dr" to compare beds, baths, and sale history.
What are the property facts for 5040 Park Lake Dr?
5040 Park Lake Dr is a 3 bed, 2 bath, 1,525 sqft, 6,534 sqft lot condos.
Is 5040 Park Lake Dr a flip candidate?
No — 5040 Park Lake Dr does not appear in our flips dataset.
Is 5040 Park Lake Dr a tax-appeal candidate?
No — 5040 Park Lake Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.0%
Implied 1-yr
-4.1%
2026 Q3
$342.4K
2026 Q4
$338.6K
ZIP 32901 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Park Lake Dr