NOT LISTED FOR SALE

505 S Miramar Ave Unit 2302 Indialantic, FL 32903

Estimated Value: $1,022,000 - $1,103,000

3 Beds
3 Baths
2,682 Sq Ft
$1,100/mo HOA Fee

Last Sold March 06, 2025

Last sale price $1,075,000 $401 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,740/month

37 Days on Market

Highlights

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

About This Home

As of March 2025

This luxurious 3 bed 3 bath corner unit is the former model boasting many quality upgrades & located in desirable SOFA. Direct 180-degree panoramic ocean views from wrap around balconies to enjoy front row viewing to dolphin,bird and surf watching, or take a quick 30 sec. walk and be directly on the beach! Huge Chef kitchen includes Wolf gas cooktop, full island with prep sink, Sub Zero fridge, dual bev coolers and large wine cooler. Custom cabinets galore & granite counters complete this dream kitchen. Primary suite offers 2 walk-in closets, separate vanities, huge walk-in shower and a jetted tub. 2nd primary with en suite bath is spacious enough for a king bed to enjoy the ocean views. 3rd BR boasts beautiful wood floors. 2 assigned garage pkg spaces, 2 storage units, 1 climate-controlled. Common amenities include heated pool & spa, gas grill, car wash station, club house and fitness room, all just an elevator ride away. Reserves fully funded & SIRS inspect completed 2023.

Last Agent to Sell the Property

Kevin Hill

RE/MAX Alternative Realty License #412189 Listed on: 12/30/2024

RE/MAX Alternative Realty

Last Buyer's Agent

Jennifer Ciecwierz

Keller Williams Rlty Vero Bch License #3417659

Keller Williams Rlty Vero Bch

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,291

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $1,100 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Additional Parking
  • Assigned Parking
  • Secure Parking

Property Views

  • Ocean
  • Beach

Home Design

  • Concrete Roof
  • Concrete Siding
  • Asphalt

Interior Spaces

  • 2,682 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Closets
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Doors
  • Energy-Efficient Hot Water Distribution

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Balcony
  • Wrap Around Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.22

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, sewer, trash, water
  • Magnolia Key Association
  • Magnolia Key Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • 2 Pets Allowed
  • Dogs and Cats Allowed

Security

  • Security Service
  • Card or Code Access
  • High Impact Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,291

Year Built

Built in 2006 | Remodeled

Lot Details

0

HOA Fees

$1,100 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • ResoLotFeatures: Other
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Beach, Ocean
  • Water Body Name: Atlantic Ocean
  • ResoSecurityFeatures: Fire Sprinkler System, Key Card Entry, Smoke Detector(s), Secured Lobby
  • Reso Association Amenities: Barbecue, Clubhouse, Elevator(s), Fitness Center, Management - Off Site, Pool, Security, Storage, Trash, Water
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Key Condo
  • Carport Y N: No
  • Entry Level: 3
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Doors, Water Heater, Windows
  • Reso Property Condition: Updated/Remodeled
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00039.0-0001.22
  • 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: 12290.7
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Living Area2: 2682.0
  • 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: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Road Surface Type Asphalt: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Total Number Of Pets: 2
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Number Limit: Yes
  • Room Types Dining Room: Yes
  • Interior Features Breakfast Nook: Yes
  • Security Features Key Card Entry: Yes
  • Room Types Living Room: Yes
  • General Property Information Stories Total: 4
  • Roof Concrete2: Yes
  • Security Features Fire Sprinkler System: Yes
  • Security Features Secured Lobby: Yes
  • ViewOcean: Yes
  • Interior Features Guest Suite: Yes
  • Utilities Natural Gas Connected: Yes
  • Pets Allowed Dogs OK: Yes
  • Pool Features Heated: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • General Property Information CDD Fee YN: No
  • Association Amenities Security2: Yes
  • Green Water Conservation Efficient Hot Water Distribution: Yes
  • Utilities Water Connected: Yes
  • Spa Features Heated2: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Room Types Primary Bedroom Level: Main
  • General Property Information Stories2: 1
  • View Beach: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Guest Suite, His and Hers Closets, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Walk-In Closet(s)
  • Flooring: Carpet, Tile, Wood
  • Spa Features: Community, Heated
  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Cooler, Other
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 2
  • Total Bedrooms: 6
  • Stories: 1
  • Stories: 4
  • ResoLivingAreaSource: Appraiser
  • Appliances:Convection Oven: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Wine Cooler: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Fireplace Features:Fireplaces Total: 2
  • Spa Features:Community2: Yes
  • Fireplace Features:Gas: Yes

Exterior Features

  • Exterior Features: Balcony, Impact Windows
  • Pool Features: Heated, In Ground
  • Roof: Concrete, Other
  • Acres: 0.06
  • Pool Private: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: East
  • Patio And Porch Features: Wrap Around
  • Construction Materials:Concrete4: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Other21: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • Exterior Features:Impact Windows: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Assigned, Garage, Secured
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Additional Parking: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Secured: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Natural Gas 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: 1100.0
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Key
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Magnolia Key
  • General Property Information:Association Fee: 1100.0
  • 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:Storage: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Barbecue: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Association Fee Includes:Maintenance Structure: 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: 2745362
  • Parcel #: 27-38-31-Eo-00039.0-0001.22
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Efficient Hot Water Distribution
  • Green Energy Efficient:Windows: Yes
  • Green Energy Efficient:Water Heater: Yes
  • Green Energy Efficient:Doors: Yes

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12290.7

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2024
Closed on
Mar 5, 2025
Sold by
Christopher Michael L and Plumhead Family Trust
Bought by
Leger Robert C
Seller's Agent
Kevin Hill
RE/MAX Alternative Realty
Buyer's Agent
Jennifer Ciecwierz
Keller Williams Rlty Vero Bch
List Price
$1,175,000
Sold Price
$1,075,000
Premium/Discount to List
-$100,000
-8.51%
Views
30
Current Estimated Value
$1,062,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,620
Avg. Annual Appreciation
-1.95%

Purchase Details

Closed on
Sep 2, 2021
Sold by
Christopher Michael L and Christopher Cassandra
Bought by
Christopher Michael L and Christopher Cassandra G

Purchase Details

Listed on
Jun 10, 2020
Closed on
Nov 13, 2020
Sold by
Rassmann Ted and Rassmann Jennifer
Bought by
Christopher Michael L and Christopher Cassandra
Seller's Agent
Brenda Teter
ITG Realty
Buyer's Agent
Sheri Hufnagel
Kirschner Real Estate G
List Price
$850,000
Sold Price
$815,000
Premium/Discount to List
-$35,000
-4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$489,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2012
Closed on
Jan 6, 2012
Sold by
Magnolia Key Development Inc
Bought by
Rassmann Ted and Rassmann Jennifer
Seller's Agent
Bob Cochran
Professional Prop. of Brevard
List Price
$858,000
Sold Price
$858,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.58%
Original Mortgage
$272,800
Interest Rate
4.06%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Leger Robert C $1,075,000 State Title Partners
Leger Robert C $1,075,000 State Title Partners
Christopher Michael L -- Attorney
Plumhead Family Trust $100 None Listed On Document
Christopher Michael L $815,000 Atypical Title Llc
Rassmann Ted $858,000 Alliance Title Insurance Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christopher Michael L $489,000
Previous Owner Rassmann Ted $272,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2025 03/06/25 Sold $1,075,000 -8.5% $401 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
12/30/2024 12/30/24 For Sale $1,175,000 +44.2% $438 / Sq Ft
11/20/2020 11/20/20 Sold $815,000 +0.1% $304 / Sq Ft View Prior Sale
10/09/2020 10/09/20 Pending -- -- --
10/01/2020 10/01/20 Price Changed $814,000 -0.6% $304 / Sq Ft
08/27/2020 08/27/20 Price Changed $819,000 -3.1% $305 / Sq Ft
06/24/2020 06/24/20 Price Changed $845,000 -0.6% $315 / Sq Ft
06/10/2020 06/10/20 For Sale $850,000 -0.9% $317 / Sq Ft
01/06/2012 01/06/12 Sold $858,000 0.0% $320 / Sq Ft View Prior Sale
12/30/2011 12/30/11 Pending -- -- --
12/15/2011 12/15/11 For Sale $858,000 -- $320 / 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
2025 $12,291 $896,750 -- --
2024 $12,028 $745,290 -- --
2023 $12,028 $723,590 $0 $0
2022 $11,225 $702,520 $0 $0
2021 $11,602 $682,060 $0 $682,060
2020 $8,458 $500,690 $0 $0
2019 $8,360 $489,440 $0 $0
2018 $8,419 $480,320 $0 $0
2017 $8,126 $470,450 $0 $0
2016 $8,208 $460,780 $0 $0
2015 $8,480 $457,580 $0 $0
2014 $8,554 $453,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: 1032835

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.22