NOT LISTED FOR SALE

1 Eighth Ave Unit 1402 Indialantic, FL 32903

Estimated Value: $914,000 - $1,128,146

3 Beds
3 Baths
2,682 Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: November 13, 2024

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

Est. 9% decrease in value since last sale

Current estimated payment $7,312 / mo

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
  • Natural Gas Connected
  • 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

2,178 Sq Ft Lot

HOA Fees

$900 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Gas Dryer Hookup, Sink, In Unit, Washer Hookup
  • ResoLotFeatures: Few Trees
  • Reso View: Beach, Ocean, Water
  • Water Body Name: Atlantic Ocean
  • Reso Association Amenities: Beach Access, Barbecue, Clubhouse, Car Wash Area, Elevator(s), Fitness Center, Maintenance Grounds, Spa/Hot Tub, Storage, Trash, Water, Management - Full Time, Pool
  • 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
  • General Property Information Community Fee(s) YN: No
  • Pets Allowed Total Number Of Pets: 2
  • General Property Information CDD Fee YN: No
  • 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

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, His and Hers Closets, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Wet Bar, Walk-In Closet(s), Split Bedrooms
  • Flooring: Carpet, Tile, Wood
  • Spa Features: Community, Heated, In Ground
  • Appliances: Dryer, Disposal, Double Oven, Dishwasher, 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

Exterior Features

  • Exterior Features: Balcony, Storm Shutters, Impact Windows
  • Pool Features: Heated, In Ground
  • Acres: 0.05
  • Waterfront Features: Ocean Front, Deeded Beach Access
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: South
  • Patio And Porch Features: Covered, Wrap Around

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Assigned, Attached, Garage, Underground

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

Condo/Co-op/Association

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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8753.81

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Nov 13, 2024
Sold by
Bought by
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
$1,049,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$100,951
Avg. Annual Appreciation
-5.58%
Original Mortgage
$625,000
Outstanding Balance
$618,778
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$430,271

Purchase Details

Closed on
Jun 1, 2016
Sold by
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 None Listed On Document
$1,150,000 None Listed On Document
$850,000 Alliance Title Insurance Age
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $625,000
Closed $625,000
Previous Owner $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    289 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
Information is deemed reliable but not guaranteed.

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