NOT LISTED FOR SALE

Island Pointe 500 Sail Ln Unit 401 Merritt Island, FL 32953

Estimated Value: $542,263 - $655,000

3 Beds
2 Baths
2,407 Sq Ft
$510/mo HOA Fee

Last Sold February 22, 2017

Last sale price $550,000 $229 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,301/month

16 Days on Market

Highlights

  • Fitness Center
  • Gated with Attendant
  • River Front
  • Intracoastal View
  • In Ground Pool
  • 0.72 Acre Lot

About This Home

As of February 2017

Treat yourself to a unique island experience with this 3 bedroom, 2 bath riverfront condo! Large Master bedroom has walk-in closets, gorgeous bathroom, and a magnificent garden tub. Discover Florida's wildlife--dolphins, manatees, and more--from the comfort of your wrap-around balcony. This highly-coveted end unit includes upgrades to the open kitchen and bathrooms. Conveniently located off Merritt Island causeway, the upscale Island Pointe community grants easy access to major highways. The community also offers 2 pools, a spa, gym, tennis court, and beautiful boardwalk for your enjoyment. If you are looking for a home that makes everyday feel like vacation, look no more!

Last Agent to Sell the Property

Lindsay Sanger Norton

RE/MAX Solutions License #3072098 Listed on: 01/06/2017

RE/MAX Solutions

Co-Listed By

Ashley Westbrook

RE/MAX Solutions License #3308178

Last Buyer's Agent

Susan Daley

Trafford Realty Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,474

Year Built

  • Built in 2005

Lot Details

  • River Front
  • Northeast Facing Home

HOA Fees

  • $510 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Concrete Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 2,407 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Screened Porch
  • Tile Flooring
  • Intracoastal Views
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Pool

  • In Ground Pool
  • In Ground Spa

Schools

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

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 24-36-35-34-00000.0-0001.Xb

Community Details

Overview

  • Association fees include cable TV, pest control, security, sewer, trash, water
  • Fairway Management Association, Phone Number (321) 777-7575
  • Island Pointe Condo Ph 1A Subdivision
  • Maintained Community
  • 6-Story Property

Amenities

  • Clubhouse
  • Secure Lobby

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit

Security

  • Gated with Attendant
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,474

Year Built

Built in 2005

Lot Details

0

HOA Fees

$510 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Sink
  • Road Surface Type: Asphalt
  • Reso View: Water, Intracoastal
  • Water Body Name: Indian River
  • ResoSecurityFeatures: Gated with Guard, Security Gate, Smoke Detector(s), Secured Lobby
  • Reso Association Amenities: Basketball Court, Clubhouse, Elevator(s), Fitness Center, Maintenance Grounds, Management - Full Time, Spa/Hot Tub, Tennis Court(s)
  • Reso Association Fee Includes: Cable TV, Pest Control, Security, Sewer, Trash, Water
  • Co List Office Mls Id: rsol
  • Co List Office Phone: 321-766-5674
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Island Pointe Condo Ph 1A
  • Reso Accessibility Features: Accessible Elevator Installed
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-36-35-34-00000.0-0001.Xb
  • 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: 5473.96
  • Location Tax and Legal Tax Year2: 2016
  • General Property Information Living Area2: 2407.0
  • General Property Information Lot Size Acres: 0.72
  • General Property Information Lot Size Square Feet2: 31363.0
  • 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: Northeast
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Security Features Security Gate: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Laundry Features Sink: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Size Limit: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • General Property Information Stories Total: 6
  • General Property Information Association Phone: 321-777-7575
  • Levels Three Or More: Yes
  • Security Features Secured Lobby: Yes
  • Security Features Gated with Guard: Yes
  • View Intracoastal: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Walk-In Closet(s)
  • Flooring: Tile
  • Spa Features: In Ground
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 5
  • Stories: 6
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Pool Features:Community: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony, Storm Shutters
  • Pool Features: Community, In Ground
  • Roof: Other
  • Acres: 0.72
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Direction Faces: Northeast
  • Patio And Porch Features: Porch, Screened
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Attached, Garage, Garage Door Opener, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 510.0
  • Association Fee Frequency: Monthly
  • Association Name: Fairway Management
  • Phone: 321-777-7575
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Fairway Management
  • General Property Information:Association Fee: 510.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: 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:Tennis Court(s)2: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Pest Control: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 31363.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2459176
  • Parcel #: 24-36-35-34-00000.0-0001.Xb
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5473.96

MLS Schools

  • Elementary School: Mila
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2017
Closed on
Feb 22, 2017
Sold by
Miles Brenda
Bought by
Izac Barbara A and Izac Trust
Seller's Agent
Lindsay Sanger Norton
RE/MAX Solutions
Buyer's Agent
Susan Daley
Trafford Realty Co.
List Price
$590,000
Sold Price
$550,000
Premium/Discount to List
-$40,000
-6.78%
Current Estimated Value
$615,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,066
Avg. Annual Appreciation
1.32%

Purchase Details

Closed on
May 1, 2016
Bought by
Izac Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2005
Sold by
Towne Development Of Island Pointe Inc
Bought by
Gates Gary L and Gates Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,540
Interest Rate
4.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Izac Barbara A $550,000 Title Solutions Of Florida L
Izac Trust $450,000 --
Gates Gary L $690,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miles Brenda A $360,000
Previous Owner Gates Gary L $414,540
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2017 02/22/17 Sold $550,000 -6.8% $229 / Sq Ft
01/23/2017 01/23/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $590,000 0.0% $245 / Sq Ft
11/17/2014 11/17/14 For Rent $2,500 +8.7% --
11/17/2014 11/17/14 Rented $2,300 -4.2% --
09/10/2014 09/10/14 Rented $2,400 0.0% --
08/11/2014 08/11/14 Under Contract -- -- --
08/01/2014 08/01/14 For Rent $2,400 -- --
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
2024 $5,357 $440,860 -- --
2023 $5,357 $428,020 $0 $0
2022 $5,061 $415,560 $0 $0
2021 $5,474 $374,770 $0 $374,770
2020 $5,546 $376,850 $0 $376,850
2019 $5,211 $343,970 $0 $343,970
2018 $6,341 $414,340 $0 $414,340
2017 $5,725 $395,310 $0 $395,310
2016 $5,702 $363,170 $0 $0
2015 $5,379 $290,150 $0 $0
2014 $4,906 $263,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lindsay Sanger Norton

    Seller's Agent in 2017

    Lindsay Sanger Norton

    RE/MAX

    (650) 787-7645

    8 in this area

    245 Total Sales

    Lindsay Sanger Norton
    Section Image
  • Ashley Westbrook

    Seller Co-Listing Agent in 2017

    Ashley Westbrook

    RE/MAX

    (321) 863-5896

    8 in this area

    199 Total Sales

    Ashley Westbrook
    Section Image

  • S

    Buyer's Agent in 2017

    Susan Daley

    Trafford Realty Co.

  • G

    Seller's Agent in 2014

    Gary Gates

    Vincent Keenan, REALTORS

  • B

    Buyer's Agent in 2014

    Beatrice MacGregor

    Tropical Realty of Suntree

  • Misty Morrison

    Buyer Co-Listing Agent in 2014

    Misty Morrison

    Misty Morrison Real Estate

    (321) 341-8954

    2 in this area

    246 Total Sales

    Misty Morrison
    Section Image
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About Island Pointe

Map

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

MLS Number: 772484

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-35-34-00000.0-0001.47

Florida Brevard County Merritt Island 32953

500 Sail Ln Unit 401, Merritt Island, FL

This home is located at 500 Sail Ln Unit 401, Merritt Island, FL 32953 since 06 January 2017 and is currently estimated at $615,066, approximately $255 per square foot. This property was built in 2005. 500 Sail Ln Unit 401 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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