$695,000
SOLD SEP 13, 2024 RENTED JAN 30, 2025

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

3 Beds
2 Baths
2,227 Sq Ft
$1,053/mo HOA Fee

Recently Sold

$312 Per Sq Ft

1% Below List Price

10 Days on Market

Highlights

  • Home fronts a seawall
  • Fitness Center
  • In Ground Pool
  • Marina View
  • 24-Hour Security
  • Gated Parking

About This Home

As of September 2024

Enjoy uninterrupted spectacular views of the Indian River from almost every room in this Penthouse unit. There is no other building between this unit and the Indian River to the west or to the north. This unit also speaks to luxury having all the upgrades including Viking appliances, top-end trim package and a wraparound patio. The primary suite faces north and has direct access to the patio. The third bedroom has its own private patio facing north. The second bedroom is also a grand suite. The unit has a separate laundry room, and includes a private 1-car garage on the lower level.
Enter this unit from an open air breezeway via an elevator from an elegant foyer. Clubhouse, exercise room, tennis and basketball courts. Two heated pools, spa and sauna. Historic Cocoa Village with quant shops & restaurants is just across the causeway while area beaches beckon for a day of fun in the sun.

Last Agent to Sell the Property

David Okonsky

Pastermack Real Estate License #3495363 Listed on: 08/02/2024

Pastermack Real Estate

Last Buyer's Agent

Vincent Jackson

Ellingson Properties License #3014285

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,509

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • River Front
  • Street terminates at a dead end
  • Northwest Facing Home

HOA Fees

  • $1,053 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Secured Garage or Parking
  • Guest Parking
  • Additional Parking

Property Views

  • Marina
  • Intracoastal
  • River
  • Bridge

Home Design

  • Traditional Architecture
  • Block Exterior
  • Asphalt

Interior Spaces

  • 2,227 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Security Gate

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • ENERGY STAR Qualified Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Wrap Around Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24-36-35-34-00000.0-0001.58

Community Details

Overview

  • Association fees include cable TV, insurance, internet, ground maintenance, security, sewer, trash, water
  • Island Point P.U.D. Association, Phone Number (321) 806-4908
  • Island Pointe Condo Ph 1C Subdivision
  • Maintained Community

Amenities

  • Sauna
  • Clubhouse
  • Elevator
  • Secure Lobby

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,509

Year Built

Built in 2005 | Remodeled

Lot Details

0

HOA Fees

$1,053 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Electric Dryer Hookup, In Unit, Washer Hookup
  • ResoLotFeatures: Dead End Street
  • Road Frontage Type: None
  • Road Surface Type: Asphalt
  • Reso View: Bridge(s), Marina, River, Water, Intracoastal
  • Water Body Name: Indian River
  • ResoSecurityFeatures: 24 Hour Security, Gated with Guard, Key Card Entry, Security Gate, Secured Lobby
  • Reso Association Amenities: Basketball Court, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Trash, Water
  • Reso Association Fee Includes: Cable TV, Insurance, Internet, Maintenance Grounds, Security, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Island Pointe Condo Ph 1C
  • Architectural Style: Traditional
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Tennis Court(s)
  • Property Attached Yn: Yes
  • Reso Property Condition: Updated/Remodeled
  • 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
  • Location Tax and Legal Tax Annual Amount: 3509.33
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 2227.0
  • 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: Northwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Lot Features Dead End Street: Yes
  • Road Surface Type Asphalt: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Security Features Key Card Entry: Yes
  • Waterfront Features Waterfront Community: Yes
  • General Property Information Stories Total: 6
  • General Property Information Association Phone: 321-806-4908
  • Security Features Secured Lobby: Yes
  • Security Features Gated with Guard: Yes
  • View Intracoastal: Yes
  • View Marina2: Yes
  • Pool Features Fenced: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information Land Lease YN2: No
  • General Property Information CDD Fee YN: No
  • Architectural Style Traditional: Yes
  • Association Amenities Security2: Yes
  • Cooling Multi Units: Yes
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • General Property Information Stories2: 1
  • Waterfront Features Intracoastal2: Yes
  • Other Structures Tennis Court(s): Yes
  • View Bridge(s): Yes
  • Security Features 24 Hour Security: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Disposal, Dryer, Electric Cooktop, Electric Oven, ENERGY STAR Qualified Dishwasher, Ice Maker, Microwave, Refrigerator, Washer, Wine Cooler
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • Stories: 6
  • ResoLivingAreaSource: Appraiser
  • Pool Features:Community: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:ENERGY STAR Qualified Dishwasher: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Wine Cooler: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Exterior Features: Balcony, Tennis Court(s), Storm Shutters
  • Pool Features: Community, Fenced, In Ground
  • Acres: 0.03
  • Waterfront Features: River Front, Seawall, Intracoastal, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Northwest
  • Patio And Porch Features: Covered, Wrap Around
  • Construction Materials:Block2: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Tennis Court(s)3: Yes
  • Waterfront Features:Seawall: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Additional Parking, Garage, Garage Door Opener, Gated, Guest, Secured
  • 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:Guest: Yes
  • Parking Features:Secured: Yes
  • Parking Features:Gated: Yes

Utilities

  • Cooling: Central Air, Electric, Multi Units
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 1052.68
  • Association Fee Frequency: Monthly
  • Association Name: Island Point P.U.D.
  • Phone: 321-806-4908
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Island Point P.U.D.
  • General Property Information:Association Fee: 1052.68
  • General Property Information:Association Fee Frequency: Monthly
  • 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:Gated2: Yes
  • Association Fee Includes:Maintenance Grounds: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Current Use: Residential
  • Land Lease: No
  • Lot Size Sq Ft: 1307.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2459175
  • Parcel #: 24-36-35-34-00000.0-0001.58
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3509.33

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $100 None Listed On Document
Warranty Deed $695,000 Landmark Title
Warranty Deed $700,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $629,331 Purchase Money Mortgage
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

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Map

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

MLS Number: 1020480

Space Coast MLS (Space Coast Association of REALTORS®)

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