NOT LISTED FOR SALE

343 N Tropical Trail Unit 307 Merritt Island, FL 32953

Estimated Value: $404,667 - $462,000

3 Beds
2 Baths
1,663 Sq Ft
$736/mo HOA Fee

Last Sold April 03, 2024

Last sale price $425,000 $256 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,332/month

1 Day on Market

Highlights

  • Fitness Center
  • Gated Community
  • Sauna
  • In Ground Pool
  • River View
  • Walk-In Closet

About This Home

As of April 2024

Welcome to Island Cove - Merritt Island's most sought after Riverfront community! This third floor, 3 Bed/2 Bath condo offers privacy & security, Indian River frontage & comes complete with a private garage. Updates feature a NEW ROOF, freshly painted exterior, new seawall, & updated flooring. Enjoy sweeping views of the Indian River from the screened, outdoor living area, which includes motorized hurricane shutters & a storage room. The Primary Suite includes a large walk-in closet, en suite bath with a separate shower and tub, & access to the patio. Amenities featured in this gated, condo community include a pool, hot tub, club house, fitness room, sauna, grill area, & large dock sitting over the Indian River. This condo is your front row seat to the most beautiful sunsets and wildlife that Florida has to offer! Conveniently located near SR 520, Cocoa Village, & Cocoa Beach, with easy access to Port Canaveral, NASA, & MCO. Don't miss your chance to call Island Cove home!

Last Agent to Sell the Property

Stacy-anne Zeller

Coldwell Banker Realty License #3439965 Listed on: 02/28/2024

Coldwell Banker Realty

Last Buyer's Agent

Brittany Adamson

Denovo Realty License #3380544

Denovo Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,047

Year Built

  • Built in 1990

Lot Details

  • River Front
  • East Facing Home

HOA Fees

  • $736 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Detached Carport Space
  • Guest Parking

Interior Spaces

  • 1,663 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • River Views

Kitchen

  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • In Ground Pool

Schools

  • Mila Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24-36-26-00-00511.X-0000.00

Community Details

Overview

  • Island Cove Condos Association
  • Island Cove Condo Ph 1 Subdivision

Amenities

  • Community Barbecue Grill
  • Sauna
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • 1 Pet Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,047

Year Built

Built in 1990

Lot Details

0

HOA Fees

$736 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1990
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Other
  • Reso View: River
  • Reso Association Amenities: Barbecue, Fitness Center, Gated, Pool, Sauna, Spa/Hot Tub, Storage
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Island Cove Condo Ph 1
  • Carport Y N: No
  • Entry Level: 3
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-36-26-00-00511.X-0000.00
  • Location Tax and Legal Elementary School: Mila
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 4046.95
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1663.0
  • General Property Information Lot Size Acres: 0.19
  • General Property Information Lot Size Square Feet2: 8276.0
  • 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: East
  • 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
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • Pets Allowed Total Number Of Pets: 1
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Number Limit: Yes
  • Utilities Water Available: Yes
  • General Property Information Stories Total: 4
  • Utilities Sewer Available: Yes
  • Flooring Vinyl: Yes
  • Utilities Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information CDD Fee YN: No
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • General Property Information Stories2: 1
  • Utilities Natural Gas Not Available: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Freezer, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • Stories: 4
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Freezer: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Pool Features: In Ground
  • Acres: 0.19
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Direction Faces: East
  • Lot Features:Other21: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached Carport, Garage, Guest
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Garage: Yes
  • Parking Features:Guest: Yes
  • Parking Features:Detached Carport: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 736.0
  • Association Fee Frequency: Monthly
  • Association Name: Island Cove Condos
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Island Cove Condos
  • General Property Information:Association Fee: 736.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Sauna2: Yes
  • Association Amenities:SpaHot Tub: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:Barbecue: Yes
  • Association Amenities:Gated2: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2441148
  • Parcel #: 24-36-26-00-00511.X-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4046.95

MLS Schools

  • Elementary School: Mila
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Apr 1, 2024
Sold by
Laurette T Koellner Irrevocable Trust and Zeller Stacy-Anne Koellner
Bought by
Grant Robert Stephen and Grant Susan Marie
Seller's Agent
Stacy-anne Zeller
Coldwell Banker Realty
Buyer's Agent
Brittany Adamson
Denovo Realty
List Price
$425,000
Sold Price
$425,000
Views
17
Current Estimated Value
$434,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,667
Avg. Annual Appreciation
1.48%
Original Mortgage
$275,000
Outstanding Balance
$270,907
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$163,760

Purchase Details

Listed on
Mar 18, 2021
Closed on
Apr 16, 2021
Sold by
Speigner Laura W and Welch Stephen K
Bought by
Nicol Roseann and Koellner Victor K
Seller's Agent
Laura Speigner
Daignault Realty Inc
Buyer's Agent
Stacy-anne Zeller
Compass Florida, LLC
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%

Purchase Details

Closed on
Jan 6, 2014
Sold by
Welch Irene
Bought by
Welch Irene and Irene Welch Trust

Purchase Details

Closed on
Oct 27, 2010
Sold by
Davidson Pamela J
Bought by
Welch Irene

Purchase Details

Closed on
Dec 13, 2004
Sold by
Selig W Michael
Bought by
Davidson Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
5.12%

Purchase Details

Closed on
Sep 11, 2002
Sold by
Dunham C Trevor
Bought by
Selig W Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
6.4%

Purchase Details

Closed on
Dec 12, 1996
Sold by
Cuence Pupello Bessone Hiro Lopez and Cuence Glat
Bought by
Clark Ruth S and Clark Trevor Dunham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.77%
Source: Public Records

Range of Values:

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Average Value
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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
Grant Robert Stephen $425,000 Prestige Title Of Brevard
Grant Robert Stephen $425,000 Prestige Title Of Brevard
Nicol Roseann $325,000 Title Solutions Of Fl Llc
Welch Irene -- Attorney
Welch Irene $130,000 Attorney
Davidson Pamela J $293,000 Title Services Of Central Fl
Selig W Michael $163,000 --
Clark Ruth S $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Robert Stephen $275,000
Closed Grant Robert Stephen $275,000
Previous Owner Davidson Pamela J $234,400
Previous Owner Selig W Michael $130,400
Previous Owner Clark Ruth S $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2024 04/03/24 Sold $425,000 0.0% $256 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $425,000 +30.8% $256 / Sq Ft
04/16/2021 04/16/21 Sold $325,000 -3.0% $195 / Sq Ft View Prior Sale
03/19/2021 03/19/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $335,000 -- $201 / 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 $3,499 $347,110 -- --
2024 $4,258 $252,120 -- --
2023 $4,258 $308,100 $0 $308,100
2022 $4,047 $302,740 $0 $0
2021 $3,654 $245,510 $0 $245,510
2020 $1,180 $97,820 $0 $0
2019 $1,130 $95,630 $0 $0
2018 $1,122 $93,850 $0 $0
2017 $1,114 $91,920 $0 $0
2016 $1,119 $90,030 $0 $0
2015 $1,144 $89,410 $0 $0
2014 $1,145 $88,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1006267

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-26-00-00511.X-0000.00