
505 S Miramar Ave Unit 2403 Indialantic, FL 32903
Melbourne Beach NeighborhoodEstimated payment $7,118/month
Highlights
- Community Beach Access
- Ocean Front
- Fitness Center
- Indialantic Elementary School Rated A-
- Deeded access to the beach
- Heated Spa
About This Home
Penthouse living meets coastal cool in this 2006-built oceanfront 3-bedroom, 2-bath residence, perfectly positioned in the coveted SOFA district—just steps from Fifth Avenue's vibrant dining and shopping scene, including Scott's on Fifth, Skewers, Bizarro's, Starbucks, and Publix. Watch launches from the north and view the rockets as they cruise across the skyline in front of you beyond impact-rated windows and 9-foot ceilings, you'll find sleek LVP and ceramic tile flooring, granite kitchen counters, and a thoughtfully updated interior with new AC (2020), tankless gas water heater (2023), and a 2021 roof. Owners enjoy two prized garage parking spaces and a suite of amenities: a resurfaced (2021) pool and spa, gas grill and clubhouse for social gatherings, a fully outfitted fitness center with brand-new equipment, and climate-controlled storage for added ease. This top-floor retreat offers not just luxury, but a lifestyle—elevated, effortless, and steps from the sand.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,584
Year Built
- Built in 2006
Lot Details
- Ocean Front
- West Facing Home
- Front Yard Sprinklers
- Few Trees
HOA Fees
- $1,100 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Property Views
- Ocean
- Beach
Home Design
- Concrete Siding
- Stucco
Interior Spaces
- 1,887 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Central Vacuum
- Built-In Features
- Vaulted Ceiling
- Ceiling Fan
- Entrance Foyer
- Washer and Electric Dryer Hookup
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Gas Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Dual Closets
- Walk-In Closet
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
Home Security
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Heated Spa
- Deeded access to the beach
- Balcony
Schools
- Indialantic Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 27-38-31-Eo-00039.0-0001.28
Community Details
Overview
- Association fees include cable TV, insurance, ground maintenance, sewer, trash, water
- Magnolia Key Condo Association
- Magnolia Key Condo Subdivision
- Maintained Community
- Car Wash Area
Amenities
- Community Barbecue Grill
- Clubhouse
- Secure Lobby
- Community Storage Space
Recreation
- Community Beach Access
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Pet Size Limit
- 2 Pets Allowed
- Dogs and Cats Allowed
Security
- Hurricane or Storm Shutters
- High Impact Windows
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,584 | $703,290 | $0 | $703,290 |
2022 | $5,529 | $365,890 | $0 | $0 |
2021 | $5,700 | $355,240 | $0 | $0 |
2020 | $5,700 | $350,340 | $0 | $0 |
2019 | $5,629 | $342,470 | $0 | $0 |
2018 | $5,664 | $336,090 | $0 | $0 |
2017 | $5,465 | $329,180 | $0 | $0 |
2016 | $5,516 | $322,410 | $0 | $0 |
2015 | $5,697 | $320,170 | $0 | $0 |
2014 | $5,744 | $317,630 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/10/2025 06/10/25 | For Sale | $915,000 | -10.7% | $485 / Sq Ft |
12/14/2022 12/14/22 | Sold | $1,025,000 | -10.9% | $543 / Sq Ft |
11/04/2022 11/04/22 | Pending | -- | -- | -- |
07/27/2022 07/27/22 | For Sale | $1,150,000 | -- | $609 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $1,025,000 | Bella Title & Escrow | |
Warranty Deed | $640,000 | Fnt Brevard | |
Warranty Deed | $619,000 | Alliance Title Brevard Llc |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $700,000 | New Conventional | |
Closed | $700,000 | New Conventional | |
Previous Owner | $96,000 | No Value Available | |
Previous Owner | $512,000 | Purchase Money Mortgage | |
Previous Owner | $495,200 | Purchase Money Mortgage |
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Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1048608

APN: 27-38-31-EO-00039.0-0001.28
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