NOT LISTED FOR SALE

505 S Miramar Ave Unit 2401 Indialantic, FL 32903

Indialantic Area

Estimated Value: $738,348

3 Beds
2 Baths
2,061 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: April 7, 2023

Last sale price $760,000 $369 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,758 / mo

44 Days on Market

Highlights

  • Ocean Front
  • Heated In Ground Pool
  • Clubhouse
  • Fitness Center
  • Open Floorplan
  • Wood Flooring

About This Home

As of April 2023

Prepare to be amazed as you reach the top floor of the spectacular Magnolia Key condo that is remodeled & shining from top to bottom. Enter this very private condo (elevator steps from your front door) & enjoy its sweeping beauty from the front to the end of both balconies. Remodeled kitchen & CUSTOM DESIGNED REMODELED bathrooms. Hardwood flooring & tile leaving this place spacious, bright & open. Large kitchen w/island, large pantry & BRAND-NEW APPLIANCES & wine refrigerator. Open floorplan w/OCEAN VIEWS from almost every room. Two balconies & you are just 100 or so steps to the beach. HVAC unit 2021 & condo is equipped w/ Rinnai hot water system. Roofs recently replaced & landscaping revamped. Two car spaces in garage & an air-conditioned storage unit. HURRICANE IMPACT WINDOWS!!

Last Agent to Sell the Property

Leann Schneider

Grand Star Realty of Brevard License #3222601 Listed on: 02/15/2023

Last Buyer's Agent

Leann Schneider

Grand Star Realty of Brevard License #3222601 Listed on: 02/15/2023

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,324

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • East Facing Home
  • Zero Lot Line

HOA Fees

  • $850 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Block Exterior
  • Asphalt

Interior Spaces

  • 2,061 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Ocean Views
  • Security System Leased
  • Sink Near Laundry

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Heated In Ground Pool
  • Property has ocean access
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.26

Community Details

Overview

  • Association fees include cable TV, trash, water
  • Magnolia Key Condo Association
  • Magnolia Key Condo Subdivision
  • Maintained Community

Amenities

  • Clubhouse
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Size Limit
  • 2 Pets Allowed

Security

  • Card or Code Access
  • Phone Entry
  • Secure Elevator
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,324

Year Built

Built in 2006

Lot Details

2,614 Sq Ft Lot

HOA Fees

$850 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Sink
  • ResoLotFeatures: Zero Lot Line
  • Road Surface Type: Asphalt
  • Reso View: Ocean, Water
  • ResoSecurityFeatures: Fire Sprinkler System, Key Card Entry, Smoke Detector(s), Security System Leased, Secured Lobby, Secured Elevator, Entry Phone/Intercom
  • Reso Association Amenities: Clubhouse, Fitness Center, Maintenance Grounds, Management - Off Site, Management - Full Time, Pool
  • Reso Association Fee Includes: Cable TV, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Key Condo
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • General Property Information Community Fee(s) YN: Yes
  • Pets Allowed Total Number Of Pets: 2
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Ceiling Fan(s), Elevator, His and Hers Closets, Open Floorplan, Pantry, Walk-In Closet(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms
  • Flooring: Tile, Wood
  • Appliances: Disposal, Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 4

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: Electric Heat, In Ground
  • Roof: Membrane, Other
  • Acres: 0.06
  • Pool Private: No
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: East

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Underground

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 850.0
  • Association Fee Frequency: Monthly
  • Association Name: MAGNOLIA KEY CONDO
  • Association: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 2614.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-38-31-Eo-00039.0-0001.26

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5323.68

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2023
Closed on
Apr 7, 2023
Sold by
Bought by
Seller's Agent
Leann Schneider
Grand Star Realty of Brevard
Buyer's Agent
Leann Schneider
Grand Star Realty of Brevard
List Price
$849,900
Sold Price
$760,000
Premium/Discount to List
-$89,900
-10.58%
Views
19
Current Estimated Value
$738,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,652
Avg. Annual Appreciation
-0.85%

Purchase Details

Closed on
Oct 22, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Indialantic, FL

  • Karin Mann Real Estate Agent - RE/MAX Elite

    Karin Mann

    RE/MAX Elite

    (321) 587-0726

    41 Total Sales

    1 in Indialantic

    $715,000 Price

    Karin Mann
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  • Jeffrey Richardson Real Estate Agent - Relentless Real Estate Co.

    Jeffrey Richardson

    Relentless Real Estate Co.

    (321) 587-3670

    70 Total Sales

    5 in Indialantic

    $565K - $736K Price Range

    Jeffrey Richardson
     Section Image
  • Jill Wallace Real Estate Agent - RE/MAX Elite

    Jill Wallace

    RE/MAX Elite

    (321) 587-3108

    46 Total Sales

    1 in Indialantic

    $525,000 Price

    Jill Wallace
     Section Image
  • Jonathan Krauser Real Estate Agent - J. Edwards Real Estate

    Jonathan Krauser

    J. Edwards Real Estate

    (321) 730-3988

    146 Total Sales

    5 in Indialantic

    $639K - $1M Price Range

    Jonathan Krauser
     Section Image
  • Michelle Smith Real Estate Agent - RE/MAX Solutions

    Michelle Smith

    RE/MAX Solutions

    (321) 394-9751

    79 Total Sales

    1 in Indialantic

    $290,000 Price

    Michelle Smith
     Section Image
  • Scott Loveridge Real Estate Agent - Relentless Real Estate Co.

    Scott Loveridge

    Relentless Real Estate Co.

    (321) 985-5276

    69 Total Sales

    9 in Indialantic

    $699K - $1.1M Price Range

    Scott Loveridge
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$760,000 Alliance Title
$370,000 Precise Title Inc
-- Attorney
$519,000 Alliance Title Brevard Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $260,000
Previous Owner $415,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/07/2023 04/07/23 Sold $760,000 -5.0% $369 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/14/2023 03/14/23 Price Changed $799,900 -3.0% $388 / Sq Ft
03/07/2023 03/07/23 Price Changed $824,900 -1.2% $400 / Sq Ft
02/28/2023 02/28/23 Price Changed $834,900 -1.8% $405 / Sq Ft
02/14/2023 02/14/23 For Sale $849,900 0.0% $412 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $849,900 -- $412 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,205 $550,910
2025 $10,296 $576,540
2024 $5,725 $589,590
2023 $5,725 $364,360 $0 $0
2022 $5,324 $353,750 $0 $0
2021 $5,488 $343,450 $0 $0
2020 $5,487 $338,710 $0 $0
2019 $5,418 $331,100 $0 $0
2018 $5,451 $324,930 $0 $0
2017 $5,259 $318,250 $0 $0
2016 $5,308 $311,710 $0 $0
2015 $5,482 $309,550 $0 $0
2014 $6,585 $317,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leann Schneider Real Estate Agent - Grand Star Realty of Brevard

    Seller's Agent in 2023

    Leann Schneider

    Grand Star Realty of Brevard

    (321) 544-4829

    162 Total Sales

    Leann Schneider
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Map

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

MLS Number: 956251

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.26

Florida Brevard County Indialantic 32903

505 S Miramar Ave Unit 2401, Indialantic, FL

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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