NOT LISTED FOR SALE

1 Eighth Ave Unit 1402 Indialantic, FL 32903

Estimated Value: $997,000 - $1,075,311

3 Beds
3 Baths
2,682 Sq Ft
$900/mo HOA Fee

Last Sold November 13, 2024

Last sale price $1,150,000 $429 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $6,969/month

1 Day on Market

Highlights

  • Community Beach Access
  • Ocean Front
  • Fitness Center
  • Indialantic Elementary School Rated A-
  • Deeded access to the beach
  • Heated In Ground Pool

About This Home

As of November 2024

This stunning OCEANFRONT penthouse unit offers direct ocean views & wrap-around balconies, perfect for watching Cape Kennedy Center rocket launches, Port Canaveral cruise ship activity. Enjoy soaring 9ft ceilings and a luxurious primary suite featuring dual sided gas fireplace, a walk-in shower, jetted tub, bidet, custom built- in linen cabinet, and plantation shutters. A new AC system (2022) with Reme-Halo air purifier and moisture control features, along with a tank less water heater (2021). This unit includes custom Italian Murano glass lighting, wired surround sound, a BEAM central vacuum system, granite baseboards, Tuscany Walnut wood flooring, and solid wood cabinetry. The chef's kitchen boasts a Thermador Professional natural gas cook top with grill and griddle, a Sub-Zero side by side refrigerator/freezer, Subzero 72-bottle wine cooler, under-counter coolers, Dual Fisher & Paykel dishwasher, True ice maker, In-Sink-erator instant filtered hot/cold water dispenser, and under-cabinet lighting. With PGT double-paned, hurricane rated windows and sliding glass doors, two under-building assigned parking spots, with two storage units, (one with A/C). This penthouse combines luxury and oceanfront living at its finest. Additionally, residents can enjoy a heated pool and spa, a gym with new equipment, the convenience of an outdoor car wash station, and a newly installed roof (2022), and building entry keypad security systems with cameras.

Last Agent to Sell the Property

DeWayne Carpenter

Compass Florida, LLC License #644362 Listed on: 09/25/2024

Compass Florida, LLC

Last Buyer's Agent

DeWayne Carpenter

Compass Florida, LLC License #644362 Listed on: 09/25/2024

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,754

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • South Facing Home
  • Few Trees

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Additional Parking

Property Views

  • Ocean
  • Beach

Home Design

  • Concrete Siding

Interior Spaces

  • 2,682 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • Sink Near Laundry

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Construction
  • Energy-Efficient Roof

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Wrap Around Porch

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.12

Community Details

Overview

  • Association fees include cable TV, insurance, ground maintenance, maintenance structure, pest control, sewer, trash, water
  • Magnolia Key Condo Association
  • Magnolia Key Condo Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Community Storage Space

Recreation

  • Community Beach Access
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • 2 Pets Allowed

Security

  • Hurricane or Storm Shutters
  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,754

Year Built

Built in 2006

Lot Details

0

HOA Fees

$900 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Gas Dryer Hookup, In Unit, Sink, Washer Hookup
  • ResoLotFeatures: Few Trees
  • Reso View: Beach, Ocean, Water
  • Water Body Name: Atlantic Ocean
  • Reso Association Amenities: Barbecue, Beach Access, Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Maintenance Grounds, Management - Full Time, Spa/Hot Tub, Storage, Trash, Water
  • Reso Association Fee Includes: Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water, Other
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Key Condo
  • Reso Accessibility Features: Accessible Elevator Installed
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Appliances, Construction, Roof, Windows
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00039.0-0001.12
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 8753.81
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 2682.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Laundry Features Sink: Yes
  • Water Source Public: Yes
  • Pets Allowed Total Number Of Pets: 2
  • Pets Allowed Size Limit: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Number Limit: Yes
  • View Water3: Yes
  • General Property Information Stories Total: 4
  • ViewOcean: Yes
  • Utilities Natural Gas Connected: Yes
  • Pool Features Heated: Yes
  • General Property Information CDD Fee YN: No
  • Utilities Water Connected: Yes
  • Spa Features Heated2: Yes
  • General Property Information Stories2: 1
  • Waterfront Features Deeded Beach Access: Yes
  • View Beach: Yes
  • Marketing Remarks:Marketing Remarks: This stunning OCEANFRONT penthouse unit offers direct ocean views and wrap-around balconies, perfect for watching Cape Kennedy Center rocket launches. Enjoy soaring 9ft ceilings and a luxurious primary suite featuring a walk-in shower, jetted tub, and plantation shutters. A new AC system with air purifier, moisture control, along with a tankless water heater in 2021. This unit includes two under-building parking spots, an A/C storage unit, custom Italian Murano glass lighting, wired surround sound, and a BEAM central vacuum system. The chef's kitchen boasts a natural gas cooktop with grill and griddle, a Sub-Zero 72-bottle wine cooler, under-counter coolers, an ice maker, and under-cabinet lighting. With PGT double-paned windows and sliding doors, this penthouse combines luxury and oceanfront living at its finest. Additionally, residents can enjoy a heated pool and spa, a gym equipped with new equipment, the convenience of an outdoor car wash, and a newly installed roof (2022).
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, His and Hers Closets, Kitchen Island, Open Floorplan, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Flooring: Carpet, Tile, Wood
  • Spa Features: Community, Heated, In Ground
  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Gas Cooktop, Gas Range, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Cooler
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Stories: 1
  • Stories: 4
  • ResoLivingAreaSource: Owner
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Double Oven: Yes
  • Interior Features:His and Hers Closets: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Central Vacuum: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Wine Cooler: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Laundry Features:In Unit: Yes
  • Spa Features:Community2: Yes
  • Fireplace Features:Gas: Yes

Exterior Features

  • Exterior Features: Balcony, Impact Windows, Storm Shutters
  • Pool Features: Heated, In Ground
  • Acres: 0.05
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: South
  • Patio And Porch Features: Covered, Wrap Around
  • Construction Materials:Concrete4: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Few Trees: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • Exterior Features:Impact Windows: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Assigned, Attached, Garage, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Additional Parking: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Central, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 900.0
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Key Condo Association
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Magnolia Key Condo Association
  • General Property Information:Association Fee: 900.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Barbecue: Yes
  • Association Amenities:Car Wash Area: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Beach Access: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Association Fee Includes:Maintenance Structure: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-38-31-Eo-00039.0-0001.12
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Roof: Yes
  • Green Energy Efficient:Windows: Yes
  • Green Energy Efficient:Construction: Yes
  • Green Energy Efficient:Appliances: Yes

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8753.81

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Nov 13, 2024
Sold by
Davids Carol L
Bought by
Plumhead Family Trust and Christopher
Seller's Agent
DeWayne Carpenter
Compass Florida, LLC
Buyer's Agent
DeWayne Carpenter
Compass Florida, LLC
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$1,028,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$121,922
Avg. Annual Appreciation
-8.99%
Original Mortgage
$625,000
Outstanding Balance
$618,778
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$409,300

Purchase Details

Closed on
Jun 1, 2016
Sold by
Cochran Eva Mae
Bought by
Davids Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 16, 2014
Sold by
Magnolia Key Development Inc
Bought by
Cochran Robert L and Cochran Eva Mae
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Plumhead Family Trust $1,150,000 None Listed On Document
Plumhead Family Trust $1,150,000 None Listed On Document
Davids Carol L $850,000 Alliance Title Insurance Age
Cochran Robert L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plumhead Family Trust $625,000
Closed Plumhead Family Trust $625,000
Previous Owner Davids Carol L $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2024 11/13/24 Sold $1,150,000 0.0% $429 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $1,150,000 -- $429 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,954 $747,450 -- --
2024 $8,754 $558,260 -- --
2023 $8,754 $542,000 $0 $0
2022 $8,234 $526,220 $0 $0
2021 $8,502 $510,900 $0 $0
2020 $8,507 $503,850 $0 $0
2019 $8,408 $492,530 $0 $0
2018 $8,467 $483,350 $0 $0
2017 $10,825 $572,500 $0 $572,500
2016 $10,489 $536,870 $0 $0
2015 $10,301 $506,480 $0 $0
2014 $9,982 $482,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DeWayne Carpenter

    Seller's Agent in 2024

    DeWayne Carpenter

    Compass Florida, LLC

    (321) 214-8400

    16 in this area

    269 Total Sales

    DeWayne Carpenter
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1025531

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.12

Florida Brevard County Indialantic 32903

1 Eighth Ave Unit 1402, Indialantic, FL

Not Listed for Sale

Condos

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Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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