NOT LISTED FOR SALE

Island Pointe 500 Sail Ln Unit 503 Merritt Island, FL 32953

Estimated Value: $454,059 - $636,000

3 Beds
2 Baths
2,048 Sq Ft
1,307 Sq Ft Lot

Last Sold August 26, 2016

Last sale price $272,500 $133 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,467/month

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • In Ground Pool
  • Water Access
  • Gated with Attendant
  • Open Floorplan

About This Home

As of April 2024

Spectacular Direct Indian River Condo in a gated secure community. This 3 bedroom, 2 bath beauty has it all. All tile though out, washer/dryer, electric storm shutters with battery back-up, 1 car private enclosed garage under the building so you never have to get wet again going out to the car. Don't miss out on this opportunity to live in a resort community that has all the amenities, 2 swimming pools, tennis courts, clubhouse with exercise room & full kitchen. Rent includes Premium cable, water, even the hot water is included, a gated community with security guard 24/7, secured lobby, This is an active community where you can meet new friends. Spectacular sunsets, watch the dolphin & manatee swimming from your patio. Come see & Live the Florida Lifestyle you deserve.

Last Agent to Rent the Property

Lou Ann Janke

Elite Real Estate License #3042844 Listed on: 01/11/2024

Last Renter's Agent

Erin Slothower

Tropical Realty & Inv. of Brev License #3440969

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,438

Year Built

  • Built in 2005

Lot Details

  • Property fronts an intracoastal waterway
  • River Front
  • Property fronts a private road
  • West Facing Home

Parking

  • 1 Car Garage
  • Parking Lot

Property Views

  • Intracoastal
  • River
  • Bridge
  • City

Interior Spaces

  • 2,048 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

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
  • Sink Near Laundry

Home Security

  • Security Gate
  • Closed Circuit Camera

Pool

  • In Ground Pool
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Water Access
  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Property Available on 1/9/24
  • Tenant pays for electricity
  • The owner pays for association fees, cable TV, grounds care, hot water, management, pool maintenance, taxes, trash collection, water
  • Rent includes cable TV, internet, sewer, water, trash collection, management

Community Details

Overview

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

Amenities

  • Sauna
  • Clubhouse
  • Secure Lobby

Recreation

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

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Size Limit

Security

  • Gated with Attendant
  • Card or Code Access
  • Secure Elevator
  • Building Fire Alarm
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,438

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Rent Includes: Cable TV, Internet, Sewer, Water, Trash Collection, Management
  • Tenant Pays: Electricity
  • Lease Term: 12 Months
  • Owner Pays: Association Fees, Cable TV, Grounds Care, Hot Water, Management, Pool Maintenance, Taxes, Trash Collection, Water
  • Available Date: 2024-01-09

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit, Sink
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Reso View: Bridge(s), City, River, Water, Intracoastal
  • Water Body Name: Indian River
  • ResoSecurityFeatures: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Key Card Entry, Security Gate, Smoke Detector(s), Secured Elevator, Secured Lobby
  • Reso Association Amenities: Basketball Court, Cable TV, Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Pickleball, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Trash, Water
  • Reso Association Fee Includes: Cable TV, Insurance, Internet, Pest Control, Security, Sewer, Trash, Water
  • ResoSpecialListingConditions: Smoking Prohibited
  • Subdivision Name: Island Pointe Condo Ph 1C
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One
  • 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: 2048.0
  • 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: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Security Features Security Gate: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Laundry Features Sink: Yes
  • Water Source Public: 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
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • Interior Features Breakfast Nook: Yes
  • Security Features Key Card Entry: Yes
  • General Property Information Stories Total: 6
  • Security Features Fire Sprinkler System: Yes
  • Security Features Secured Elevator: Yes
  • Security Features Secured Lobby: Yes
  • Utilities Sewer Available: Yes
  • Security Features Gated with Guard: Yes
  • View Intracoastal: Yes
  • Security Features Closed Circuit Camera(s): Yes
  • Utilities Electricity Available: Yes
  • Pool Features Fenced: Yes
  • Utilities Sewer Connected: Yes
  • Special Listing Conditions Smoking Prohibited: Yes
  • Security Features Fire Alarm: Yes
  • Association Amenities Cable TV2: Yes
  • Association Amenities Security2: Yes
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Road Frontage Type Private Road: Yes
  • Waterfront Features Intracoastal2: Yes
  • View Bridge(s): Yes
  • General Property Information Water Body Access YN3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Spa Features: In Ground
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 6
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: 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
  • Laundry Features:In Unit: Yes

Exterior Features

  • Exterior Features: Balcony, Storm Shutters
  • Pool Features: Fenced, In Ground
  • Acres: 0.03
  • Waterfront: Yes
  • Direction Faces: West
  • Patio And Porch Features: Covered, Patio
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • View:River: Yes
  • View:City3: Yes
  • Waterfront Features:River Front: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage, Parking Lot
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Garage: Yes
  • Parking Features:Parking Lot: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Sauna2: Yes
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: 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:Tennis Court(s)2: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Car Wash Area: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Gated2: Yes
  • Association Amenities:Pickleball: 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: 2453170
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Mila
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Aug 8, 2016
Sold by
Wells Fargo Bank Na
Bought by
Martoma Bobby Daniel and Martoma Philip Saju
Seller's Agent
Tony Giannotti
Serving Brevard Realty
Buyer's Agent
Lou Ann Janke
Elite Real Estate
List Price
$285,000
Sold Price
$272,500
Premium/Discount to List
-$12,500
-4.39%
Current Estimated Value
$554,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,765
Avg. Annual Appreciation
8.11%

Purchase Details

Closed on
Jun 1, 2016
Bought by
Martoma Bobby

Purchase Details

Closed on
Aug 19, 2013
Sold by
Pham Quang V
Bought by
Brevard Sail Lane #500 Unit 503 Land Tru

Purchase Details

Closed on
Jul 18, 2005
Sold by
Towne Development Of Island Pointe Inc
Bought by
Pham Quang and Tran Hau K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,630
Interest Rate
5.59%
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
Martoma Bobby Daniel $286,200 Shore To Shore Title Llc
Martoma Bobby $100 --
Brevard Sail Lane #500 Unit 503 Land Tru $10,700 1St American Title
Pham Quang $550,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pham Quang $385,630
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2024 04/15/24 Rented $3,050 +1.7% --
03/26/2024 03/26/24 Under Contract -- -- --
01/11/2024 01/11/24 For Rent $3,000 +36.4% --
08/01/2019 08/01/19 Rented $2,200 0.0% --
06/26/2019 06/26/19 For Rent $2,200 +12.8% --
07/01/2017 07/01/17 Rented $1,950 0.0% --
05/26/2017 05/26/17 Under Contract -- -- --
05/08/2017 05/08/17 Price Changed $1,950 -2.5% $1 / Sq Ft
02/08/2017 02/08/17 For Rent $2,000 0.0% --
08/26/2016 08/26/16 Sold $272,500 -4.4% $133 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $285,000 -- $139 / 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
2024 $5,438 $427,500 -- --
2023 $5,438 $417,150 $0 $0
2022 $4,792 $377,930 $0 $0
2021 $4,594 $311,990 $0 $311,990
2020 $4,860 $329,260 $0 $329,260
2019 $4,675 $308,630 $0 $308,630
2018 $4,656 $299,050 $0 $299,050
2017 $4,870 $301,760 $0 $301,760
2016 $4,523 $277,220 $0 $0
2015 $4,269 $233,310 $0 $0
2014 $3,901 $212,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Landlord's Agent in 2024

    Lou Ann Janke

    Elite Real Estate

    Section Image
  • Erin Slothower

    Tenant's Agent in 2024

    Erin Slothower

    Tropical Realty & Inv. of Brev

    (402) 871-9381

    3 in this area

    4 Total Sales

    Erin Slothower
    Section Image

  • C

    Buyer's Agent in 2019

    Curtis Lawrence

    Zonders Realty LLC

    Section Image
  • Jonathan Williams

    Buyer's Agent in 2017

    Jonathan Williams

    Florida Lifestyle Realty LLC

    (321) 720-8866

    87 in this area

    719 Total Sales

    Jonathan Williams
    Section Image
  • Tony Giannotti

    Seller's Agent in 2016

    Tony Giannotti

    Serving Brevard Realty

    (321) 917-1634

    6 in this area

    83 Total Sales

    Tony Giannotti
    Section Image
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About Island Pointe

Map

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

MLS Number: 1001748

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-35-34-00000.0-0001.53

Florida Brevard County Merritt Island 32953

500 Sail Ln Unit 503, Merritt Island, FL

This home is located at 500 Sail Ln Unit 503, Merritt Island, FL 32953 since 11 January 2024 and is currently priced at $554,265. This property was built in 2005. 500 Sail Ln Unit 503 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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