NOT LISTED FOR SALE

700 Wave Crest Ave Unit 306 Indialantic, FL 32903

Estimated Value: $503,000 - $888,000

3 Beds
2 Baths
1,991 Sq Ft
$817/ mo HOA Fee

Last Sold May 14, 2024

Last sale price $475,000 $239 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,925/month

42 Days on Market

Highlights

  • Ocean Front
  • Open Floorplan
  • Wood Flooring
  • Indialantic Elementary School Rated A-
  • Midcentury Modern Architecture
  • 1 Fireplace

About This Home

As of May 2024

Wake up watching the sunrise out of the ocean, then wind down the day watching the sunset over the island from multiple balconies. Imagine watching those spectacular morning views from the top floor, south end unit in the desirable SOFA district. Two groceries, shops, restaurants, parks, library-all within one mile. A+ schools. Home was redone in 2019, with engineered wood floors throughout, granite counters, new appliances, including a wine cooler. New air-conditioner (inside & outside units) 2023. New washer/dryer 2022. One car garage included, with brand new garage door opener, plus one outside parking space. Shell Rock wood-burning fireplace. Electric roll-down shutters. The parking lot was refinished a year ago and the entire building has undergone extensive renovations to meet all Milestone inspection criteria by year end. All costs have been paid for!

Last Agent to Sell the Property

Gail Fischer

Dale Sorensen Real Estate Inc. License #460275 Listed on: 04/01/2024

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Elyce Brown PA

Charles Rutenberg Realty License #3074187

Charles Rutenberg Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,755

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • Ocean Front
  • Property fronts a state road
  • North Facing Home

HOA Fees

  • $817 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

  • Ocean
  • Beach

Home Design

  • Midcentury Modern Architecture
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 1,991 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • No Tub in Bathroom
  • Shower Only

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00040.0-0001.18

Community Details

Overview

  • Association fees include cable TV, insurance, water
  • Islamorada Condo Assoc. Association
  • Islamorada Condo Subdivision
  • Maintained Community

Pet Policy

  • Dogs and Cats Allowed
  • Breed Restrictions

Additional Features

  • Elevator
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,755

Year Built

Built in 1983 | Remodeled

Lot Details

2,178 Sq Ft Lot

HOA Fees

$817 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Other
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Reso View: Beach, Ocean
  • Water Body Name: Atlantic Ocean
  • ResoSecurityFeatures: Key Card Entry
  • Reso Association Amenities: Elevator(s), Management - Off Site, Trash, Water
  • Reso Association Fee Includes: Cable TV, Insurance, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Islamorada Condo
  • Architectural Style: Mid-Century Modern
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Financial Info Electric: 150 Amp Service
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00040.0-0001.18
  • 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: 2754.74
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1991.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information Lot Size Square Feet2: 2178.0
  • 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: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Cats OK: Yes
  • Security Features Key Card Entry: Yes
  • General Property Information Stories Total: 3
  • Levels Three Or More: Yes
  • ViewOcean: Yes
  • Interior Features Guest Suite: Yes
  • Pets Allowed Breed Restrictions: Yes
  • Pets Allowed Dogs OK: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information CDD Fee YN: No
  • Architectural Style Mid Century Modern: Yes
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • General Property Information Stories2: 3
  • Interior Features Primary Bathroom - Shower No Tub: Yes
  • Road Frontage Type State Road: Yes
  • View Beach: Yes
  • Marketing Remarks:Marketing Remarks: Wake up watching the sunrise out of the ocean, then wind down the day watching the sunset over the island from multiple balconies. Imagine watching those spectacular morning views from the top floor, south end unit in the desirable SOFA district. Two groceries, shops, restaurants, parks, library-all within one mile. A+ schools. Home was redone in 2019, with engineered wood floors throughout, granite counters, new appliances, including a wine cooler. New air-conditioner (inside & outside units) 2023. New washer/dryer 2022. One car garage included, with brand new garage door opener, plus one outside parking space. Shell Rock wood-burning fireplace. Electric roll-down shutters. The parking lot was refinished a year ago and the entire building has undergone extensive renovations to meet all Milestone inspection criteria by year end. All costs have been paid for!
  • Electric 150 Amp Service: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Guest Suite, Kitchen Island, Open Floorplan, Primary Bathroom - Shower No Tub
  • Flooring: Wood
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Cooler
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 3
  • Stories: 3
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Appliances:Wine Cooler: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Laundry Features:In Unit: Yes
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.05
  • Pool Private: No
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: North
  • Patio And Porch Features: Covered, Front Porch, Rear Porch
  • Construction Materials:Concrete4: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Other21: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Garage: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 817.16
  • Association Fee Frequency: Monthly
  • Association Name: Islamorada Condo Assoc.
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Islamorada Condo Assoc.
  • General Property Information:Association Fee: 817.16
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Elevator(s): Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-38-31-Eo-00040.0-0001.18

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2754.74

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 14, 2024
Sold by
Quandt Brion B
Bought by
Pasquis Gisela and Pasquis Frank
Seller's Agent
Gail Fischer
Dale Sorensen Real Estate Inc.
Buyer's Agent
Elyce Brown PA
Charles Rutenberg Realty
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Views
32
Current Estimated Value
$549,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,503
Avg. Annual Appreciation
16.83%
Original Mortgage
$323,000
Outstanding Balance
$318,419
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$314,011

Purchase Details

Closed on
Jan 18, 2018
Sold by
Grimes Eunice and Grimes Eunice
Bought by
Schaeffer Michael and Schaeffer Tamyra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
3.94%

Purchase Details

Closed on
Aug 2, 2007
Sold by
Grimes Eunice
Bought by
Eunice Grimes Rlt

Purchase Details

Closed on
Nov 10, 2004
Sold by
Grimes Eunice and Mcnutt Paula
Bought by
Eunice Grimes Revocable Trust

Purchase Details

Closed on
Oct 24, 2003
Sold by
Grimes Eunice D
Bought by
Grimes Eunice D and Mcnutt Paula E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.03%

Purchase Details

Closed on
Sep 25, 2000
Sold by
Hoopes Robert D and Hoopes Beth R
Bought by
Grimes Eunice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.92%

Purchase Details

Closed on
Jun 24, 1996
Sold by
Stewart Cheryl Hart Nichols and Nichols Cheryl H
Bought by
Hoopes Robert D and Hoopes Beth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
8.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Pasquis Gisela $475,000 State Title Partners
Schaeffer Michael $361,000 State Title Partners Llp
Eunice Grimes Rlt -- Attorney
Eunice Grimes Revocable Trust -- --
Grimes Eunice D $59,500 Alliance Title
Grimes Eunice D $150,000 --
Hoopes Robert D $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pasquis Gisela $323,000
Previous Owner Schaeffer Michael $270,750
Previous Owner Grimes Eunice D $119,000
Previous Owner Grimes Eunice D $120,000
Previous Owner Hoopes Robert D $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2024 05/14/24 Sold $475,000 -5.0% $239 / Sq Ft
04/01/2024 04/01/24 For Sale $500,000 +25.0% $251 / Sq Ft
06/17/2019 06/17/19 Sold $400,000 0.0% $201 / Sq Ft View Prior Sale
04/18/2019 04/18/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $400,000 -- $201 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $2,986 $400,660 -- --
2024 $2,903 $214,750 -- --
2023 $2,903 $208,500 $0 $0
2022 $2,755 $202,430 $0 $0
2021 $2,826 $196,540 $0 $0
2020 $2,820 $193,830 $0 $0
2019 $5,908 $315,650 $0 $315,650
2018 $6,012 $312,530 $0 $312,530
2017 $2,387 $165,770 $0 $0
2016 $2,402 $162,370 $0 $0
2015 $2,478 $161,250 $0 $0
2014 $2,493 $159,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: 1009463

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00040.0-0001.18

Your Personal Tour Guide

Ask me questions while you tour the home.