1

Indialantic, FL Multifamily Home for Sale

Section Image Section Image
  • /2

    $1,500,000

    $300K PRICE DROP

    124 Coral Way E, Indialantic, FL 32903

    Rare Indialantic Investment Opportunity!Fully permitted and shovel-ready 8-unit townhome project on a cleared .57-acre beachside lot zoned for short-term rentals (Airbnb/VRBO)—a true rarity in Indialantic! Plans approved for two buildings with four 3BR+Loft, 2.5BA, 2-car garage units each, totaling 8 income-producing townhomes. Each unit is over 2,250 sq ft with modern, coastal-inspired

    Agent Photo

    Scott Loveridge

    Relentless Real Estate Co.

    124 Coral Way E, Indialantic, FL 32903

Why Live in Indialantic

Indialantic, FL, is a laid-back beach town on the Space Coast, known for its friendly and active community. Situated just south of Cape Canaveral and east of Melbourne, this barrier island offers uninterrupted public beaches and a mix of luxury condos and comfortable bungalows along streets lined with palm trees and pines. The area is part of the Cape Canaveral Spaceport Tech Triangle, with aerospace and aviation manufacturing as major industries, alongside education, healthcare, and retail tourism. Residents enjoy miles of Atlantic beachfront, popular for swimming, surfing, and sunbathing, as well as fishing and kayaking on the Indian River Lagoon. Indialantic features two public parks: James H. Nance Park, a beachside park central to community events, and the Hoover Middle School Athletic Complex. Housing options range from oceanfront condos to midcentury houses and luxury riverfront homes. Students attend highly rated Brevard Public Schools, a Purple Star District recognized for its support of the military community. Local businesses, including the popular Longdoggers restaurant, thrive around A1A and Fifth Street, contributing to the town's economy. Indialantic is well-connected, with main thoroughfares intersecting at Fifth Street and A1A, and public transit options available. The town is about 8 miles from Orlando Health Melbourne Hospital and 5 miles from Melbourne Orlando International Airport, with Orlando International Airport 65 miles away. The climate is warm and humid, with mild winters, though the area is at risk of hurricanes. Indialantic has a crime score lower than the national average, making it a relatively safe place to live.

Home Price Trends

Median Sale Price
$595,000
Median Single Family Sale Price
$720,000
Median Townhouse Sale Price
$391,000
Median 2 Bedroom Sale Price
$350,000
Median 1 Bedroom Sale Price
$228,000
Average Price Per Sq Ft
$348
Number of Homes for Sale
107
Last 12 months Home Sales
318
Months of Supply
4.00
Median List Price
$650,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-1%
How to Buy a Home How to Finance a Home How to Sell a Home