Seller's Agent in 2022
Jonathan Krauser
J. Edwards Real Estate
(321) 626-0015
6 in this area
182 Total Sales
505 S Miramar Ave Unit 2403 Indialantic, FL 32903
Melbourne Beach Neighborhood
3
Beds
2
Baths
1,887
Sq Ft
$750/mo
HOA Fee
Highlights
- Ocean Front
- Fitness Center
- Open Floorplan
- Indialantic Elementary School Rated A-
- In Ground Pool
- Clubhouse
About This Home
As of December 2022Spectacular Penthouse condo now available just South of Fifth Avenue at Indialantic's prestigious Magnolia Key community! Take the elevator to your fully furnished penthouse with breathtaking direct ocean views. This home features new LVP flooring in bedrooms, plantation shutters, office room, a newer AC unit (2020) impact windows, 2 assigned garage parking spaces & a climate-controlled storage room. Enjoy beachside living with easy beach access, walking distance to shops, restaurants & boardwalk. Magnolia Keys has a newer roof & a stunning pool & spa with summer kitchen, indoor gym with new equipment. Property Insurance, water, sewer, trash & pest control is included in HOA. A Car Wash station is conveniently located right outside your building & a foot wash to rinse off the beach sand.
Last Agent to Sell the Property
J. Edwards Real Estate License #3127056 Listed on: 07/27/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,472
Year Built
- Built in 2006
Lot Details
- Ocean Front
- West Facing Home
HOA Fees
- $750 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
- Guest Parking
Home Design
- Membrane Roofing
- Concrete Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 1,887 Sq Ft Home
- 4-Story Property
- Open Floorplan
- Ceiling Fan
- Ocean Views
Kitchen
- Eat-In Kitchen
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
- Spa Bath
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Property has ocean access
- Balcony
- Side 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-00039.0-0001.28
Community Details
Overview
- Association fees include insurance, security, 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
- Elevator
Recreation
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Pet Size Limit
- 2 Pets Allowed
Security
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2022
Closed on
Dec 12, 2022
Sold by
Zeinfeld Paul and Zeinfeld Clara
Bought by
Fishman Michael
Seller's Agent
Jonathan Krauser
J. Edwards Real Estate
Buyer's Agent
Krissy Lindbaek
RE/MAX Elite
List Price
$1,150,000
Sold Price
$1,025,000
Premium/Discount to List
-$125,000
-10.87%
Total Days on Market
100
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.75%
Original Mortgage
$700,000
Outstanding Balance
$681,303
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$179,430
Purchase Details
Closed on
May 17, 2007
Sold by
Mendes Ormond C and Mendes Judith M
Bought by
Zeinfeld Paul and Zeinfeld Clara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.16%
Purchase Details
Closed on
Sep 21, 2006
Sold by
Magnolia Key Development Inc
Bought by
Mendes Ormond C and Mendes Judith M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,200
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
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 |
Source: Public Records
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 |
Source: Public Records
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 |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Tax History Compared to Growth
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 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Krauser
-
Krissy Lindbaek
Buyer's Agent in 2022
Krissy Lindbaek
RE/MAX
(321) 591-3615
12 in this area
87 Total Sales
-
K
Buyer's Agent in 2022
Kristin Lindbaek
RE/MAX
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 941827
APN: 27-38-31-EO-00039.0-0001.28
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