312 Wavecrest Ave Indialantic, FL 32903
Melbourne Beach NeighborhoodEstimated payment $14,609/month
Highlights
- Ocean View
- Wood Flooring
- Balcony
- Indialantic Elementary School Rated A-
- No HOA
- 5-minute walk to James H. Nance Park
About This Home
Legal short term rental Triplex along the Atlantic Ocean in the heart of the Indialantic Tourist District. Rare investment and lifestyle opportunity awaits at this one-of-a-kind property. Each of the three town homes is approx.1500 sq ft, fully furnished and turn-key. Every unit features 2 bedrooms, 2 1/2 baths, private 1 car garage and private courtyard with hot tub, Comfortably sleeps 6. As an established high-performing weekly rental, the property offers flexibility such as option to live in one unit while renting out the others, rent all three to maximize income, or use one unit as a seasonal retreat with built-in ROI. Perfect location to walk or bike to unique restaurants, coffee shops, beach bars, grocery stores, Surf shops and boutiques. Only 65 miles from Disney World with an essentially no-turn drive straight on 1-92 making this one of the closest coastal accommodations to the Disney parks. Flexible zoning allows for a range of future uses-excellent long term redevelopment potential
Listing Agent
Engel&Voelkers Melb Beachside License #684723 Listed on: 08/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,416
Year Built
- Built in 1979
Lot Details
- 10,019 Sq Ft Lot
- East Facing Home
- Wood Fence
- Back Yard Fenced
Parking
- 3 Car Garage
Property Views
- Ocean
- Beach
Home Design
- Triplex
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 4,455 Sq Ft Home
- 2-Story Property
- Hurricane or Storm Shutters
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 18 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
- Courtyard
- Fire Pit
Schools
- Indialantic Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- 3 Units
- Indialantic By The Sea Subdivision
Listing and Financial Details
- Assessor Parcel Number 27-38-31-Eo-00038.0-0015.00
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 |
|---|---|---|---|---|
| 2024 | $15,416 | $917,280 | -- | -- |
| 2023 | $15,416 | $884,520 | $0 | $0 |
| 2022 | $14,100 | $911,250 | $0 | $0 |
| 2021 | $12,983 | $711,490 | $450,000 | $261,490 |
| 2020 | $12,186 | $677,600 | $450,000 | $227,600 |
| 2019 | $11,237 | $616,010 | $450,000 | $166,010 |
| 2018 | $10,608 | $575,000 | $0 | $575,000 |
| 2017 | $9,556 | $525,000 | $0 | $525,000 |
| 2016 | $8,732 | $440,000 | $0 | $0 |
| 2015 | $8,652 | $418,000 | $210,000 | $208,000 |
| 2014 | $8,005 | $380,000 | $195,000 | $185,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $2,450,000 | -- | $550 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $207,800 | Unknown | |
| Closed | $50,000 | Credit Line Revolving |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1055788
APN: 27-38-31-EO-00038.0-0015.00
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