$467,000 - $701,000
RENTED JAN 30, 2025

Island Pointe 500 Sail Ln Unit 604 Merritt Island, FL 32953

3 Beds
2 Baths
2,227 Sq Ft
1,307 Sq Ft Lot

Last Sold September 13, 2024

Last sale price $695,000 $312 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,751/month

Highlights

  • Water Access
  • Wine Cellar
  • RV Access or Parking
  • Fitness Center
  • 24-Hour Security
  • RV or Boat Storage in Community

About This Home

As of January 2025

This luxurious penthouse offers breathtaking panoramic views of the Indian River, allowing you to watch dolphins play and rockets fly from almost any room in the house. With two spacious bedrooms, and a dedicated office, it's perfect for both relaxation and productivity. Located just a short drive from the beach and the vibrant Cocoa Village, you'll enjoy a lively coastal lifestyle. The open floor plan is anchored by the gourmet chef's kitchen, complete with temperature controlled wine cellar, making it ideal for entertaining and enjoying stunning sunrise and sunset views. This unit is fully furnished with high end furnishings and necessities to ensure a seamless transition.

Last Agent to Rent the Property

Shawna Wrubel

Pastermack Real Estate License #3520344 Listed on: 10/03/2024

Pastermack Real Estate

Last Renter's Agent

Jerry Frulio

Space Coast Realty & Inv. LLC License #3349250

Space Coast Realty & Inv. LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,509

Year Built

  • Built in 2005

Lot Details

  • River Front
  • Northwest Facing Home

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Additional Parking
  • RV Access or Parking

Interior Spaces

  • 2,227 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Ceiling Fan
  • Wine Cellar
  • River Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Water Access
  • Balcony
  • Wrap Around Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $3,500
  • Property Available on 10/3/24
  • Tenant pays for electricity
  • The owner pays for association fees, cable TV, taxes, trash collection, water
  • Rent includes cable TV, internet, sewer, water, trash collection
  • $50 Application Fee
  • Assessor Parcel Number 24-36-35-34-00000.0-0001.58
  • Seller Concessions Offered

Community Details

Overview

  • No Home Owners Association
  • Association fees include cable TV, internet, ground maintenance, maintenance structure, pest control, security, sewer, trash, water
  • Island Pointe Condo Ph 1C Subdivision
  • Maintained Community
  • 6-Story Property

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Secure Lobby
  • Elevator

Recreation

  • RV or Boat Storage in Community
  • Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Community Pool
  • Children's Pool
  • Jogging Path

Pet Policy

  • No Pets Allowed

Security

  • 24-Hour Security
  • 24 Hour Access
  • Hurricane or Storm Shutters
  • High Impact Windows
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,509

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • Furnished: Furnished
  • Rent Includes: Cable TV, Internet, Sewer, Water, Trash Collection
  • Tenant Pays: Electricity
  • Lease Term: Other
  • Owner Pays: Association Fees, Cable TV, Taxes, Trash Collection, Water
  • Available Date: 2024-10-03

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • Reso View: River, Water
  • Water Body Name: Indian River
  • ResoSecurityFeatures: 24 Hour Security, Gated with Guard, Smoke Detector(s), Secured Lobby
  • Reso Association Amenities: Barbecue, Basketball Court, Cable TV, Children's Pool, Clubhouse, Elevator(s), Fitness Center, Gated, Jogging Path, Maintenance Grounds, Pool, RV/Boat Storage, Sauna, Security, Tennis Court(s), Trash, Water
  • Reso Association Fee Includes: Cable TV, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Sewer, Trash, Water
  • Subdivision Name: Island Pointe Condo Ph 1C
  • Reso Accessibility Features: Accessible Elevator Installed
  • Carport Y N: No
  • Entry Level: 6
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 24-36-35-34-00000.0-0001.58
  • Location Tax and Legal Elementary School: Mila
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • General Property Information Living Area2: 2227.0
  • General Property Information Lot Size Acres: 0.03
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Northwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • General Property Information Stories Total: 6
  • Security Features Secured Lobby: Yes
  • Security Features Gated with Guard: Yes
  • Pets Allowed No: Yes
  • Deposits and Fees Application Fee: 50.0
  • Deposits and Fees Security Deposit: 3500.0
  • Deposits and Fees Association Application Fee: 50.0
  • Association Amenities Children's Pool: Yes
  • Association Amenities Cable TV2: Yes
  • Association Amenities Security2: Yes
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Security Features 24 Hour Security: Yes
  • General Property Information:Pool Private YN: No
  • General Property Information Water Body Access YN3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Elevator, His and Hers Closets, Open Floorplan, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s), Wet Bar, Wine Cellar
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer, Wine Cooler
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 6
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Elevator: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Wine Cooler: Yes
  • Laundry Features:In Unit: Yes
  • Interior Features:Wine Cellar: Yes

Exterior Features

  • Exterior Features: Balcony, Impact Windows, Storm Shutters
  • Acres: 0.03
  • Pool Private: No
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Direction Faces: Northwest
  • Patio And Porch Features: Covered, Wrap Around
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes
  • Exterior Features:Impact Windows: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Additional Parking, Garage, Garage Door Opener, RV Access/Parking
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Additional Parking: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Connected, Electricity Connected, Water Connected
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Sauna2: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Internet: Yes
  • Association Fee Includes:Security: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Basketball Court: Yes
  • Association Amenities:Jogging Path: Yes
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Barbecue: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Gated2: Yes
  • Association Amenities:RVBoat Storage: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Association Fee Includes:Maintenance Structure: Yes
  • Owner Pays:Association Fees: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2459175
  • Parcel #: 24-36-35-34-00000.0-0001.58

MLS Schools

  • Elementary School: Mila
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Dec 10, 2024
Sold by
Mcaninch Bradley J
Bought by
Bradley J Mcaninch Trust and Mcaninch
Seller's Agent
Shawna Wrubel
Pastermack Real Estate
Buyer's Agent
Jerry Frulio
Space Coast Realty & Inv. LLC
Sold Price
$3,500
Views
34
Current Estimated Value
$625,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$621,648

Purchase Details

Listed on
Aug 2, 2024
Closed on
Sep 12, 2024
Sold by
Atkins Charles M and Atkins Julie A
Bought by
Mcaninch Bradley J
Seller's Agent
David Okonsky
Pastermack Real Estate
Buyer's Agent
Vincent Jackson
Ellingson Properties
List Price
$699,900
Sold Price
$695,000
Premium/Discount to List
-$4,900
-0.7%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.06%

Purchase Details

Closed on
Jul 29, 2005
Sold by
Towne Development Of Island Pointe Inc
Bought by
Atkins Charles M and Atkins Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,331
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bradley J Mcaninch Trust $100 None Listed On Document
Mcaninch Bradley J $695,000 Landmark Title
Atkins Charles M $700,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atkins Charles M $629,331
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 Rented $3,500 0.0% --
01/24/2025 01/24/25 Under Contract -- -- --
12/06/2024 12/06/24 Price Changed $3,500 -5.4% $2 / Sq Ft
10/29/2024 10/29/24 Price Changed $3,700 -7.5% $2 / Sq Ft
10/03/2024 10/03/24 For Rent $4,000 0.0% --
09/13/2024 09/13/24 Sold $695,000 -0.7% $312 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $699,900 -- $314 / 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
2023 $3,509 $271,850 $0 $0
2022 $3,279 $263,940 $0 $0
2021 $3,428 $256,260 $0 $0
2020 $3,367 $252,730 $0 $0
2019 $3,335 $247,050 $0 $0
2018 $3,346 $242,450 $0 $0
2017 $3,382 $237,470 $0 $0
2016 $3,445 $232,590 $0 $0
2015 $3,556 $230,980 $0 $0
2014 $3,582 $229,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2025

    Shawna Wrubel

    Pastermack Real Estate

  • J

    Tenant's Agent in 2025

    Jerry Frulio

    Space Coast Realty & Inv. LLC

  • D

    Seller's Agent in 2024

    David Okonsky

    Pastermack Real Estate

  • V

    Buyer's Agent in 2024

    Vincent Jackson

    Ellingson Properties

See All Agents

About Island Pointe

Map

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

MLS Number: 1026458

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-35-34-00000.0-0001.58

Florida Brevard County Merritt Island 32953

500 Sail Ln Unit 604, Merritt Island, FL

This home is located at 500 Sail Ln Unit 604, Merritt Island, FL 32953 since 03 October 2024 and is currently priced at $617,574. This property was built in 2005. 500 Sail Ln Unit 604 is a home located in Brevard County with nearby schools including Mila Elementary School, Thomas Jefferson Middle School, and Merritt Island High School.

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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