351 N Shannon Ave Unit TRIP Indialantic, FL 32903
Estimated payment $5,396/month
Highlights
- No HOA
- Cooling Available
- Heating Available
- Melbourne Senior High School Rated A-
- Tile Flooring
- 4-minute walk to James H. Nance Park
About This Home
Rare Coastal Triplex with Steady Income and Redevelopment Upside – 7BR/5BA Triplex on Corner Lot Just One Block from the Beach!
Exceptional value in a high-demand coastal location, this fully occupied 7-bedroom, 5-bathroom triplex fixer-upper sits on an expansive 0.34-acre corner lot, offering immediate rental income and incredible potential for future development. Zoned for maximum flexibility, this property may allow for townhome construction with separate entrances on different street fronts—making it ideal for developers or savvy investors. Located just steps from the beach, popular restaurants, and local attractions, this is your chance to secure a unique parcel in a thriving area.
Listing Agent
Beachfront Realty Inc Brokerage Phone: 786-340-3334 License #3385648 Listed on: 06/10/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,846
Year Built
- Built in 1962
Lot Details
- Property is zoned R-2
Parking
- 5 Parking Spaces
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,579 Sq Ft Home
- 2-Story Property
- Tile Flooring
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- Indialantic By The Sea Subdivision
Listing and Financial Details
- Assessor Parcel Number 27-38-31-EO-65-1
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 | $10,257 | $639,600 | -- | -- |
| 2024 | $9,252 | $639,600 | -- | -- |
| 2023 | $9,252 | $554,580 | $0 | $0 |
| 2022 | $8,201 | $524,880 | $0 | $0 |
| 2021 | $7,542 | $408,200 | $297,000 | $111,200 |
| 2020 | $7,201 | $388,760 | $187,000 | $201,760 |
| 2019 | $6,646 | $353,420 | $187,000 | $166,420 |
| 2018 | $6,276 | $330,000 | $0 | $330,000 |
| 2015 | $5,235 | $250,000 | $110,000 | $140,000 |
| 2014 | $5,119 | $240,000 | $103,200 | $136,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/22/2025 07/22/25 | Price Changed | $869,000 | -1.1% | $243 / Sq Ft | |
| 06/10/2025 06/10/25 | For Sale | $879,000 | 0.0% | $246 / Sq Ft | |
| 03/28/2016 03/28/16 | Rented | $1,100 | 0.0% | -- | |
| 03/09/2016 03/09/16 | Under Contract | -- | -- | -- | |
| 03/07/2016 03/07/16 | For Rent | $1,100 | 0.0% | -- | |
| 11/25/2015 11/25/15 | Rented | $1,100 | 0.0% | -- | |
| 10/08/2015 10/08/15 | For Rent | $1,100 | 0.0% | -- | |
| 09/21/2012 09/21/12 | Sold | $270,000 | -17.9% | $75 / Sq Ft | View Prior Sale |
| 08/25/2012 08/25/12 | Pending | -- | -- | -- | |
| 07/29/2012 07/29/12 | For Sale | $329,000 | -- | $92 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $270,000 | None Available | |
| Interfamily Deed Transfer | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $498,000 | Harbour Title & Trust Inc | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $290,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $390,000 | Seller Take Back | |
| Previous Owner | $240,000 | Purchase Money Mortgage | |
| Previous Owner | $230,000 | Purchase Money Mortgage |
Source: MIAMI REALTORS® MLS
MLS Number: A11820099
APN: 27-38-31-EO-00065.0-0001.00
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