NOT LISTED FOR SALE

480 Sail Ln Unit 305 Merritt Island, FL 32953

Estimated Value: $443,000 - $558,000

3 Beds
2 Baths
2,045 Sq Ft
$919/mo HOA Fee

Last Sold June 30, 2023

Last sale price $468,000 $229 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,773/month

27 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Gated Community
  • Water Access
  • Heated In Ground Pool
  • River View

About This Home

As of June 2023

Direct WATERFRONT! This 3bd/2ba unit has a Kitchen Island, plenty of cabinet space & Corian counter tops. Master Suite complete w/separate his & her WALK-IN closets, jetted tub, walk-in shower & sliding doors to the balcony. Guest suite shares access to guest bath. Tray ceilings & recessed lighting in kitchen & living area. This unit is freshly painted, smoke detectors 2023 & A/C handler/condenser 2020. Electric storm SHUTTERS on balcony. This is a gated community with secure lobby access. Amenities: 2 pools, spa, tennis courts, pickleball, exercise room, sauna & more! RELAX on the balcony & enjoy the view of the SUNSETS over the Indian River; capture vivid KSC Launches & Historic Downtown Cocoa Village Fireworks. Just 15 mins to Cocoa Beach & 45 mins to Orlando Int'l Airport & Disney

Last Agent to Sell the Property

Lora Jones

COLDWELL BANKER REALTY License #3374789 Listed on: 05/11/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,830

Year Built

  • Built in 2004

Lot Details

  • Property fronts an intracoastal waterway
  • Unincorporated Location
  • Southeast Facing Home

HOA Fees

  • $919 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 2,045 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • River Views
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Single Vanity
  • Dual Sinks
  • Private Water Closet
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Water Access
  • Limited Water Access
  • Balcony
  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, insurance, internet, ground maintenance, management, pest control, pool, recreational facilities, security, sewer, trash, water
  • Fairway Management / Deeanna Thomas Association, Phone Number (321) 806-4908
  • Visit Association Website
  • Island Pointe Condo Ph 1A Subdivision
  • The community has rules related to deed restrictions
  • Community features wheelchair access
  • 8-Story Property

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,830

Year Built

Built in 2004

Lot Details

0

HOA Fees

$919 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Insurance, Internet, Maintenance Grounds, Management, Pest Control, Pool, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2045
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 2248
  • Directions to Property: FL-520 E/Hubert Humphrey Causeway to North Tropical Trail (turn left - North). Go to Sail lane (turn left - West). Stop at Gate. Park in open spaces in front of pool area. First Bldg on left. FL-528 E / FL-SR3 South onto North Courtenay Pkwy / Right on West Merritt Avenue to stop sign / left on North Tropical Trail to Sail Lane (turn right - west). Stop at Gate. Park in open spaces in front of pool area. First Bldg on left.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Merritt Island
  • Escrow Postal Code: 32953
  • Escrow State: FL
  • Escrow Street Name: N Courtenay Parkway
  • Escrow Street Number: 2245
  • Floor Number: 3
  • List Office Head Office Key Nume: 514420976
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 228.85
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 8
  • Window Features: Shutters
  • Street Number Modifier: 480
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 189.99
  • Room Count: 4

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Home Warranty: No
  • Pool Private: No
  • Water Body Name: INDIAN RIVER
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Rear Porch
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Limited Access
  • Water Extras: Boats - None Allowed
  • Water Extras YN: 1
  • Water View: River
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Additional Water Information: Limited access to the river from stairs. Access is provided for Kayak, wading, etc.

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered, Underground

Utilities

  • Utilities: Cable Connected, Electricity Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Fitness Center, Gated, Pool, Tennis Courts, Water Access, Waterfront, Wheelchair Access
  • Association Name: FairWay Management / Deeanna Thomas
  • Phone: 321-806-4908
  • Association: No
  • Security: Gated Community, Security Gate
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: See Condo Docs for clarification
  • Association Fee Requirement: None
  • Building Name Number: 480 BUILDING
  • Condo Fees: 919
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: DThomas@fairwaymgmt.com
  • Monthly Condo Fee Amount: 919
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: https://www.islandpointecondo.org
  • Management: Part Time

Fee Information

  • Total Annual Fees: 11028.00
  • Total Monthly Fees: 919.00

Lot Info

  • Zoning: X
  • Parcel Number: 2457931
  • Additional Parcels: No
  • Lot Features: Paved, Unincorporated
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Condo Docs for clarification

Tax Info

  • Tax Annual Amount: 1830.29
  • Tax Block: 252.S
  • Tax Book Number: 5374/2577
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Intracoastal Waterway
  • Approval Process: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2007
Sold by
Osborn James C and Osborn Dorina D
Bought by
Osborn James C and Osborn Dorina D
Current Estimated Value
$485,727

Purchase Details

Closed on
Feb 28, 2005
Sold by
Pastermack Bill and Pastermack Toni
Bought by
Osborn James C and Osborn Dorina D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,800
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2005
Sold by
Towne Development Of Island Pointe Inc
Bought by
Pastermack Bill and Pastermack Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,800
Interest Rate
5.61%
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
Osborn James C -- None Available
Osborn James C $450,000 Security First Title Partner
Pastermack Bill $319,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osborn James C $205,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $468,000 0.0% $229 / Sq Ft
06/30/2023 06/30/23 Sold $468,000 -2.4% $229 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $479,500 0.0% $234 / Sq Ft
05/08/2023 05/08/23 Price Changed $479,500 -3.1% $234 / Sq Ft
03/01/2023 03/01/23 For Sale $495,000 -- $242 / Sq Ft
Source: Stellar MLS

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 $2,049 $162,830 $0 $0
2022 $1,907 $158,090 $0 $0
2021 $1,963 $153,490 $0 $0
2020 $1,897 $151,380 $0 $0
2019 $1,850 $147,980 $0 $0
2018 $1,847 $145,230 $0 $0
2017 $1,851 $142,250 $0 $0
2016 $1,950 $139,330 $0 $0
2015 $2,003 $138,370 $0 $0
2014 $2,014 $137,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lora Jones

    Seller's Agent in 2023

    Lora Jones

    COLDWELL BANKER REALTY

    (321) 626-2389

    11 in this area

    38 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Stellar Non-Member Agent

    FL_MFRMLS

    Section Image
  • Jason Wood

    Buyer's Agent in 2023

    Jason Wood

    RE/MAX

    (321) 698-5151

    4 in this area

    55 Total Sales

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Map

Source: Stellar MLS

MLS Number: O6110166

Stellar MLS

APN: 24-36-35-00-00252.S-0000.00

Florida Brevard County Merritt Island 32953

480 Sail Ln Unit 305, Merritt Island, FL

This home is located at 480 Sail Ln Unit 305, Merritt Island, FL 32953 since 11 May 2023 and is currently estimated at $485,727, approximately $237 per square foot. This property was built in 2004. 480 Sail Ln Unit 305 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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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