1 Eighth Ave Unit 1403 Indialantic, FL 32903
Estimated payment $5,742/month
Highlights
- Ocean Front
- Heated Spa
- Clubhouse
- Indialantic Elementary School Rated A-
- Open Floorplan
- Wood Flooring
About This Home
This exceptional direct ocean penthouse offers sweeping ocean views from both the main living area and the primary suite. The well-designed 3 bedroom, 2 bath condominium features an open-concept living and dining area enhanced by soaring 9-foot ceilings and crown molding, delivering a light-filled, airy atmosphere. Impact-rated sliding glass doors and windows provide peace of mind while framing breathtaking ocean views. Residents enjoy the convenience and security of two under-building garage parking spaces, a private climate-controlled storage unit, and an impressive suite of amenities including a heated pool, spa, clubhouse, and a fitness center with newly updated equipment. Located within Magnolia Key, the newest condominium in the desirable SOFA District, this well-maintained and secure building offers a low-maintenance, year-round beachfront lifestyle. Situated in the heart of Indialantic, just a short walk or bike ride to fine dining, boutique shopping, and local favorites. Downtown Melbourne is conveniently located just over the causeway, offering an array of dining, entertainment, and cultural experiences.
Property Details
Home Type
- Condominium
Year Built
- Built in 2006
Lot Details
- Ocean Front
- West Facing Home
HOA Fees
- $1,100 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Property Views
- Ocean
- Beach
Home Design
- Concrete Siding
- Block Exterior
Interior Spaces
- 1,684 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
Kitchen
- Breakfast Bar
- Double Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Dual Closets
- Walk-In Closet
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
Pool
- Heated Spa
- In Ground Spa
Outdoor Features
- Balcony
Schools
- Indialantic Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Tankless Water Heater
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 27-38-31-Eo-00039.0-0001.13
Community Details
Overview
- Association fees include cable TV, insurance, ground maintenance, maintenance structure, pest control, trash
- Magnolia Key Condo Assoc. Association
- Magnolia Key Condo Subdivision
- On-Site Maintenance
- Maintained Community
- Car Wash Area
Amenities
- Clubhouse
- Elevator
- Service Elevator
- Secure Lobby
Recreation
- Community Spa
Pet Policy
- Pets up to 40 lbs
- 2 Pets Allowed
- Breed Restrictions
Security
- High Impact Windows
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,274 | $638,260 | -- | -- |
| 2024 | $10,730 | $652,520 | -- | -- |
| 2023 | $10,730 | $652,520 | $0 | $0 |
| 2022 | $9,200 | $562,440 | $0 | $0 |
| 2021 | $8,753 | $482,420 | $0 | $482,420 |
| 2020 | $8,860 | $480,720 | $0 | $480,720 |
| 2019 | $8,203 | $439,170 | $0 | $439,170 |
| 2018 | $8,420 | $461,030 | $0 | $461,030 |
| 2017 | $7,530 | $414,000 | $0 | $414,000 |
| 2016 | $6,919 | $353,380 | $0 | $0 |
| 2015 | $6,795 | $333,380 | $0 | $0 |
| 2014 | $6,585 | $317,320 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2026 01/19/26 | Price Changed | $715,000 | -1.9% | $425 / Sq Ft |
| 10/26/2025 10/26/25 | For Sale | $729,000 | 0.0% | $433 / Sq Ft |
| 05/02/2021 05/02/21 | Rented | $3,000 | 0.0% | -- |
| 04/27/2021 04/27/21 | Under Contract | -- | -- | -- |
| 04/27/2021 04/27/21 | For Rent | $3,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $208,200 | State Title | |
| Warranty Deed | $519,000 | Alliance Title Brevard Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $335,200 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1060532
APN: 27-38-31-EO-00039.0-0001.13
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