$784,000
SOLD DEC 3, 2024

505 S Miramar Ave Unit 2204 Indialantic, FL 32903

Melbourne Beach Neighborhood
3 Beds
2 Baths
1,887 Sq Ft
$900/mo HOA Fee

Recently Sold

$415 Per Sq Ft

4% Below List Price

172 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Open Floorplan
  • Indialantic Elementary School Rated A-
  • In Ground Pool
  • Clubhouse

About This Home

As of December 2024

Prepare to fall in love with this immaculate home with direct Ocean views just a short stroll from all of the shops and dining options in the heart of downtown Indialantic by the Sea. Two designated, garage parking spots plus an air conditioned storage room. Impact glass windows and sliders keep things nice and quiet and a number of recent upgrades, such as, new tile flooring, new refrigerator, range, ceiling fans and AC systems (both components) all from 2022 and freshly painted recently in 2023. Solidly built Magnolia Key also features a tropical pool area, workout room and a large clubhouse off the pool with a full kitchen. Move in ready, so plan your visit soon, you won't want to leave! Shown by appointment.

Last Agent to Sell the Property

Dave Settgast

One Sotheby's International License #3165226 Listed on: 10/23/2024

One Sotheby's International

Last Buyer's Agent

Dave Settgast

One Sotheby's International License #3165226 Listed on: 10/23/2024

One Sotheby's International

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,085

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • Ocean Front
  • West Facing Home

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Ocean
  • Beach

Home Design

  • Membrane Roofing
  • Metal Roof
  • Concrete Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 1,887 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Washer and Gas Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • 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

Home Security

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Balcony
  • Covered patio or porch

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.19

Community Details

Overview

  • Association fees include insurance, pest control, sewer, trash, water
  • Magnolia Key Condo Association
  • Magnolia Key Condo Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Clubhouse
  • Secure Lobby
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit

Security

  • Secure Elevator
  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,085

Year Built

Built in 2006 | Remodeled

Lot Details

0

HOA Fees

$900 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Other
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Beach, Ocean, Water
  • Water Body Name: Atlantic Ocean
  • ResoSecurityFeatures: Secured Elevator, Secured Lobby
  • Reso Association Amenities: Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Maintenance Grounds, Maintenance Structure, Management - Full Time, Management - Off Site, Other
  • Reso Association Fee Includes: Insurance, Pest Control, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Key Condo
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00039.0-0001.19
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 7084.96
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1887.0
  • General Property Information Building Area Total3: 2.64
  • General Property Information Lot Size Acres: 0.06
  • General Property Information Lot Size Square Feet2: 2614.0
  • 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: West
  • 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: No
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: 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
  • View Water3: Yes
  • General Property Information Stories Total: 4
  • Security Features Secured Elevator: Yes
  • Security Features Secured Lobby: Yes
  • ViewOcean: Yes
  • Utilities Natural Gas Connected: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information CDD Fee YN: No
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Spa Features Heated2: Yes
  • Property Condition UpdatedRemodeled: Yes
  • General Property Information Stories2: 1
  • View Beach: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Elevator, His and Hers Closets, 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: Community, Heated, In Ground
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • Stories: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Interior Features:Elevator: Yes
  • Spa Features:Community2: Yes

Exterior Features

  • Exterior Features: Balcony, Impact Windows
  • Pool Features: In Ground
  • Roof: Membrane, Metal, Other
  • Acres: 0.06
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Covered
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Ocean Access: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Other21: Yes
  • Exterior Features:Impact Windows: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Garage Door Opener, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 900.0
  • Association Fee Frequency: Monthly
  • Association Name: MAGNOLIA KEY CONDO
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: MAGNOLIA KEY CONDO
  • General Property Information:Association Fee: 900.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: 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:Pool3: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 2614.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2745359
  • Parcel #: 27-38-31-Eo-00039.0-0001.19
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7084.96

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Dec 3, 2024
Sold by
Deangelo Gregory L and Deangelo Helene R
Bought by
Farley William D and Farley Pamela K
Seller's Agent
Dave Settgast
One Sotheby's International
Buyer's Agent
Dave Settgast
One Sotheby's International
List Price
$819,000
Sold Price
$784,000
Premium/Discount to List
-$35,000
-4.27%
Current Estimated Value
$787,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,477
Avg. Annual Appreciation
2.13%

Purchase Details

Listed on
Aug 17, 2020
Closed on
Jun 23, 2021
Sold by
Anzalone Charlee D and Anzalone Samuel M
Bought by
Deangelo Gregory L and Deangelo Helene R
Seller's Agent
Claudine Sloms
One Sotheby's International
Buyer's Agent
Dave Settgast
One Sotheby's International
List Price
$649,000
Sold Price
$625,000
Premium/Discount to List
-$24,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2006
Sold by
Magnolia Key Development Inc
Bought by
Anzalone Samuel M and Anzalone Charlee D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.67%
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
Warranty Deed $784,000 State Title Partners
Warranty Deed $625,000 Alliance Title Ins Agcy Inc
Warranty Deed $599,000 Alliance Title Brevard Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Previous Owner $417,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $784,000 -4.3% $415 / Sq Ft
10/23/2024 10/23/24 For Sale $819,000 +4.5% $434 / Sq Ft
10/22/2024 10/22/24 Off Market $784,000 -- --
10/13/2024 10/13/24 Pending -- -- --
09/03/2024 09/03/24 Price Changed $819,000 -2.4% $434 / Sq Ft
06/04/2024 06/04/24 Price Changed $839,000 -1.2% $445 / Sq Ft
04/29/2024 04/29/24 Price Changed $849,000 -5.6% $450 / Sq Ft
04/23/2024 04/23/24 For Sale $899,000 +43.8% $476 / Sq Ft
06/25/2021 06/25/21 Sold $625,000 -2.3% $331 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
03/02/2021 03/02/21 Price Changed $639,900 -1.4% $339 / Sq Ft
08/10/2020 08/10/20 For Sale $649,000 0.0% $344 / Sq Ft
05/08/2020 05/08/20 Rented $2,800 0.0% --
04/16/2020 04/16/20 Price Changed $2,800 -6.7% $1 / Sq Ft
02/28/2020 02/28/20 For Rent $3,000 0.0% --
08/21/2019 08/21/19 Rented $3,000 0.0% --
06/28/2019 06/28/19 For Rent $3,000 +7.1% --
08/10/2015 08/10/15 Rented $2,800 0.0% --
07/20/2015 07/20/15 Under Contract -- -- --
06/22/2015 06/22/15 For Rent $2,800 +27.3% --
08/01/2012 08/01/12 Rented $2,200 0.0% --
06/25/2012 06/25/12 Under Contract -- -- --
06/19/2012 06/19/12 For Rent $2,200 -- --
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 $7,606 $471,570 $0 $0
2022 $7,085 $457,840 $0 $0
2021 $8,855 $488,040 $0 $488,040
2020 $8,793 $477,030 $0 $477,030
2019 $8,140 $435,800 $0 $435,800
2018 $8,669 $457,500 $0 $457,500
2017 $7,727 $408,000 $0 $408,000
2016 $7,976 $407,750 $0 $0
2015 $7,834 $384,670 $0 $0
2014 $7,591 $366,140 $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: 1011781

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.19