NOT LISTED FOR SALE

Island Pointe 500 Sail Ln Unit 402 Merritt Island, FL 32953

Estimated Value: $456,177 - $631,000

3 Beds
2 Baths
2,048 Sq Ft
$510/mo HOA Fee

Last Sold June 06, 2018

Last sale price $375,000 $183 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,806/month

33 Days on Market

Highlights

  • Boat Dock
  • Gated with Attendant
  • River View
  • Home fronts a seawall
  • In Ground Spa
  • Open Floorplan

About This Home

As of June 2018

(Resort Style Living at its best.)Defiantly the most desirable building in Island Pointe! Spectacular Direct Indian River/Sunset Views from the balcony. This Island Pointe Condo has a Spacious 3 Bedroom 2 Bath with open floor plan has Silestone Counter tops, Maple Cabinets with movable Island and eat-in kitchen, Tile on the Diagonal and brand new carpet. Enjoy the spacious balcony with electric storm shutters. Private under the bldg. garage with plenty of room for storage and plenty of extra covered parking. This GATED COMMUNITY is centrally located and just across the bridge to Historic Cocoa Village, easy access to Kennedy Space Center and less than an hour to the Orlando International Airport. , 2 Pools, Tennis, Clubhouse with Gym, Sauna and more.All reasonable offers will be consider

Last Agent to Sell the Property

David Saporito

Harmony House Realty, Inc License #3062203 Listed on: 04/21/2018

Last Buyer's Agent

Jason Soares

Blue Oceans Realty LLC License #3101461

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,216

Year Built

  • Built in 2005

Lot Details

  • Home fronts a seawall
  • River Front
  • East Facing Home

HOA Fees

  • $510 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,048 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Great Room
  • Family Room
  • Screened Porch
  • River Views
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Spa

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 24-36-35-34-00000.0-0001.48

Community Details

Overview

  • Association fees include cable TV, trash
  • Island Pointe Condo Ph 1C Subdivision
  • Maintained Community
  • 6-Story Property

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Pool
  • Community Spa
  • Jogging Path

Pet Policy

  • Pet Size Limit

Security

  • Gated with Attendant
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,216

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
  • Reso View: River, Water
  • Water Body Name: Indian River
  • ResoSecurityFeatures: Gated with Guard, Security Gate
  • Reso Association Amenities: Boat Dock, Clubhouse, Jogging Path, Maintenance Grounds, Spa/Hot Tub, Tennis Court(s)
  • Reso Association Fee Includes: Cable TV, Trash
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Island Pointe Condo Ph 1C
  • Carport Y N: No
  • Entry Level: 4
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-36-35-34-00000.0-0001.48
  • 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: 4216.0
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 2048.0
  • General Property Information Building Area Total3: 2048.0
  • General Property Information Lot Size Acres: 0.03
  • General Property Information Lot Size Square Feet2: 1307.0
  • 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
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: 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 Great Room: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • General Property Information Stories Total: 6
  • Utilities Sewer Available: Yes
  • Security Features Gated with Guard: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Spa Features: Bath, In Ground
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 6
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes

Exterior Features

  • Exterior Features: Storm Shutters
  • Pool Features: Community
  • Roof: Membrane
  • Acres: 0.03
  • Waterfront Features: River Front, Seawall, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Porch, Screened
  • Construction Materials:Block2: Yes
  • 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
  • ConstructionSiding:Roof Membrane: Yes
  • Waterfront Features:Seawall: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Sewer Available, Water Available
  • Heating: Central, Hot Water
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 510.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • 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 Amenities:Clubhouse: Yes
  • Association Amenities:Jogging Path: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 1307.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2459165
  • Parcel #: 24-36-35-34-00000.0-0001.48
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4216.0

MLS Schools

  • Elementary School: Mila
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2020
Sold by
Mcburney Richard R and Mcburney Linda A
Bought by
Mcburney Richard R and Mcburney Linda A
Current Estimated Value
$553,294

Purchase Details

Listed on
Apr 21, 2018
Closed on
Jun 7, 2018
Sold by
Tabacco Robert L and Tabacco Marianna
Bought by
Mcburney Richard R and Mcburney Linda
Seller's Agent
David Saporito
Harmony House Realty, Inc
Buyer's Agent
Jason Soares
Blue Oceans Realty LLC
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Jan 11, 2006
Sold by
Towne Development Of Island Pointe Inc
Bought by
Lyle David W and Sperlazza John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,310
Interest Rate
6.21%
Mortgage Type
Stand Alone Second
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
Mcburney Richard R -- Attorney
Mcburney Richard R $375,000 Fidelity National Title Of F
Lyle David W $535,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lyle David W $65,310
Previous Owner Lyle David W $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2018 06/06/18 Sold $375,000 -6.2% $183 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
04/26/2018 04/26/18 Price Changed $399,900 -10.9% $195 / Sq Ft
04/21/2018 04/21/18 For Sale $449,000 +40.8% $219 / Sq Ft
11/22/2017 11/22/17 Sold $319,000 -8.8% $156 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
09/22/2017 09/22/17 Price Changed $349,900 +2.9% $171 / Sq Ft
06/14/2017 06/14/17 For Sale $339,900 0.0% $166 / Sq Ft
06/11/2017 06/11/17 Pending -- -- --
04/27/2017 04/27/17 Price Changed $339,900 -2.9% $166 / Sq Ft
03/03/2017 03/03/17 Price Changed $349,900 -2.8% $171 / Sq Ft
01/12/2017 01/12/17 For Sale $359,900 0.0% $176 / Sq Ft
03/11/2015 03/11/15 Rented $1,650 +3.1% --
03/09/2015 03/09/15 Under Contract -- -- --
01/28/2015 01/28/15 For Rent $1,600 0.0% --
12/03/2013 12/03/13 For Rent $1,600 0.0% --
12/03/2013 12/03/13 Rented $1,600 -- --
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 $3,442 $279,990 -- --
2023 $3,442 $271,840 $0 $0
2022 $3,214 $263,930 $0 $0
2021 $3,365 $256,250 $0 $0
2020 $3,318 $252,720 $0 $0
2019 $3,287 $247,040 $0 $0
2018 $4,626 $296,960 $0 $296,960
2017 $4,216 $294,220 $0 $294,220
2016 $4,053 $270,300 $0 $0
2015 $3,825 $189,000 $0 $0
2014 $3,489 $171,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    David Saporito

    Harmony House Realty, Inc

    (321) 720-1000

    1 in this area

    22 Total Sales

    David Saporito
    Section Image
  • Jason Soares

    Buyer's Agent in 2018

    Jason Soares

    Blue Oceans Realty LLC

    (321) 614-2942

    7 in this area

    31 Total Sales

    Jason Soares
    Section Image

  • J

    Seller's Agent in 2017

    Jennifer McCoy

    RE/MAX

  • S

    Seller's Agent in 2015

    Steven Littlefield

    Coldwell Banker Realty

  • C

    Buyer Co-Listing Agent in 2013

    Charles Greene

    Premium Properties Real Estate

    (321) 613-4650

    Charles Greene
    Section Image
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About Island Pointe

Map

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

MLS Number: 811425

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-35-34-00000.0-0001.48

Florida Brevard County Merritt Island 32953

500 Sail Ln Unit 402, Merritt Island, FL

This home is located at 500 Sail Ln Unit 402, Merritt Island, FL 32953 since 21 April 2018 and is currently estimated at $553,294, approximately $270 per square foot. This property was built in 2005. 500 Sail Ln Unit 402 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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