243 Cambridge Lane 243 Melbourne, FL 32935

Condominium MLS #: 1029590 Courtesy Of Century 21 Spectrum

$139,900

2 beds | 1 baths | 815 sq ft
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Est. Property Tax: $1,305
Estimated monthly payments: $720/mo.* (recalculate)

Property InformationDescription

Nice 6.7+% CAP Rate. Check out this second floor unit with views overlooking the pool! 2 Bed Condo. Similar units receiving $1,300/month (Subtract $355 Maintenance Fee & $109/month Taxes make the 6.7+ CAP rate) Check out this second floor unit with views overlooking the pool and golf course! This 2 bedroom 1 bathroom unit has ample living space. Close to restaurants, shopping and short drive to our beautiful river, beaches and Wickham park. This complex has a community pool, tennis courts, Basketball Court, Pickle Ball Courts, laundry facilities and playground for all to enjoy. Small storage room located on your back balcony for extra storage.

Features

  • Age: 41-50 Years Old
  • Appliances: Dishwasher, Range, Refrigerator, Washer
  • Architecture Style: Other
  • Exterior Type: Stucco
  • Floor Covering: Carpet, Vinyl
  • Heating System: Central Furnace
  • Lot Size: 0.06 Acres

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MAP & DIRECTIONS

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243 Cambridge Lane 243, Melbourne, FL 32935
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School Information

243 Cambridge Lane 243, Melbourne, FL 32935

Elementary School
Grades PK-6 | Public School
CROTON ELEMENTARY SCHOOL
Melbourne, FL 32935
1449 Croton Rd
321.­259.3818
Distance: 1.2 mi
School Rating
B
Student:Teacher Ratio
14:1
Total Students
480
Middle School
Grades 7-8 | Public School
L. B. JOHNSON MIDDLE SCHOOL
Melbourne, FL 32935
2155 Croton Rd
321.­242.6430
Distance: 0.5 mi
School Rating
C+
Student:Teacher Ratio
17:1
Total Students
731
High School
Grades 9-12 | Public School
EAU GALLIE HIGH SCHOOL
Melbourne, FL 32935
1400 Commodore Blvd
321.­242.6400
Distance: 1.3 mi
School Rating
C-
Student:Teacher Ratio
19:1
Total Students
1605
Other Nearby Schools Distance Type Grades School Rating
South Area Alternative Learning Center 0.7 mi Public 6-12 F
Dr. W. J. Creel Elementary School 1.0 mi Public PK-6 D-
Sabal Elementary School 1.2 mi Public PK-6 D+
Ascension Catholic School 1.3 mi Private KG-8
Rising Stars Academy 1.6 mi Private 3-12
Rising Stars Academy 1.7 mi Private 4-12
Sherwood Elementary School 1.8 mi Public PK-6 A-
Verdi Ecoschool 1.9 mi Private PK-9
Roy Allen Elementary School 2.0 mi Public KG-6 C
Harbor City Elementary School 2.1 mi Public PK-6 B-
Wavecrest Academy 2.4 mi Private PK-12
Longleaf Elementary School 2.4 mi Public PK-6 A
Life Changers Christian Academy 2.7 mi Private KG-12
West Shore Junior/senior High School 3.3 mi Public 7-12 A+
Suntree Montessori 3.4 mi Private PK-KG
Melbourne Center For Personal Growth 3.6 mi Public 7-12
Indian Harbour Montessori 3.8 mi Private PK-6
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Melbourne, FL 32935

Median Age: 42.2
Married: 38%
Number of Households: 19,169
Households with Children: 24.9%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.