$734,000
SOLD NOV 29, 2022

1505 N Highway A1a Unit 502 Indialantic, FL 32903

Paradise Beach Neighborhood
2 Beds
2 Baths
1,608 Sq Ft
$870/mo HOA Fee

Recently Sold

$456 Per Sq Ft

2% Below List Price

133 Days on Market

Highlights

  • Ocean Front
  • Heated In Ground Pool
  • Balcony
  • Indialantic Elementary School Rated A-
  • Bonus Room
  • Hurricane or Storm Shutters

About This Home

As of November 2022

Spectacular direct ocean front 5th floor with amazing views of the sparkling ocean when you walk in the front door! Entire home in the heart of Indialantic has new impact windows and doors all around! This is a 2 bed, 2 bath with an extra BONUS room, office/den or bedroom (currently w/Murphy bed). Perfect for visitors, the guest bedroom has it's own private ensuite/bath and big walk in closet! Large tile floors, granite kitchen cabs, washer & dryer. Master bedroom has sliding door to balcony, 2 closets and garden tub & shower with 2 separate sinks. Enjoy the heated & resurfaced pool, strong reserves and on site HOA mgmt. Located just 2 miles N of Boardwalk, this is convenient to restaurants, stores, A+ schools, churches, beaches, golf and amazing launches from your balcony balcony

Last Agent to Sell the Property

Gail Fischer

Dale Sorensen Real Estate Inc. License #460275 Listed on: 06/09/2022

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Orawan Milner

RE/MAX Aerospace Realty License #3260962

RE/MAX Aerospace Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $488

Year Built

  • Built in 1995

Lot Details

  • Ocean Front
  • West Facing Home

HOA Fees

  • $870 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,608 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Bonus Room
  • Tile Flooring
  • Ocean Views

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

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

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Association fees include cable TV, pest control, sewer, trash, water
  • Royal Palm Condo Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Secure Lobby
  • Elevator

Recreation

  • Community Pool

Pet Policy

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

Security

  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$488

Year Built

Built in 1995

Lot Details

0

HOA Fees

$870 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1995
  • Reso Property Sub Type: Condominium
  • ResoLotFeatures: Other
  • Reso View: Ocean, Water
  • ResoSecurityFeatures: Secured Lobby
  • Reso Association Amenities: Car Wash Area, Elevator(s), Maintenance Grounds, Maintenance Structure, Management - Full Time, Pool, Management - On Site
  • Reso Association Fee Includes: Cable TV, Pest Control, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Royal Palm Condo
  • Carport Y N: No
  • Entry Level: 3
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 1608.0
  • 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: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Sewer:Public Sewer: 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
  • View Water3: Yes
  • General Property Information Stories Total: 3
  • Levels Three Or More: Yes
  • Security Features Secured Lobby: Yes
  • ViewOcean: Yes
  • Pool Features Electric Heat: Yes
  • Pets Allowed Dogs OK: Yes
  • Room Types Bonus Room: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Elevator, His and Hers Closets, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Tile
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Interior Features:Elevator: Yes

Exterior Features

  • Exterior Features: Balcony, Storm Shutters
  • Pool Features: Electric Heat, In Ground
  • Roof: Membrane, Other
  • Pool Private: No
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: West
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Ocean Access: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Other21: Yes

Garage/Parking

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

Utilities

  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 2610.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 2610.0
  • General Property Information:Association Fee Frequency: Quarterly
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Car Wash Area: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Additional Parcels Description: 2734983

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Nov 29, 2022
Sold by
Lay Kenneth E and Lay Jo Ann
Bought by
Arsenault Philip G and Niamchan Teon
Seller's Agent
Gail Fischer
Dale Sorensen Real Estate Inc.
Buyer's Agent
Orawan Milner
RE/MAX Aerospace Realty
List Price
$749,000
Sold Price
$734,000
Premium/Discount to List
-$15,000
-2%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.31%
Original Mortgage
$734,000
Interest Rate
6.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 1, 2010
Sold by
The Bank Of New York Mellon
Bought by
Lay Kenneth E and Lay Jo Ann

Purchase Details

Closed on
Feb 23, 2010
Sold by
Runion Maria L and Runion Daniel A
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Dec 13, 2005
Sold by
Runion Daniel A
Bought by
Eames Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 28, 2004
Sold by
Rottman Kenneth and Rottman Betsy
Bought by
Runion Daniel A and Runion Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2002
Sold by
Shapiro Marc D and Shapiro Teri C
Bought by
Rottman Kenneth and Rottman Betsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.67%

Purchase Details

Closed on
Feb 25, 1999
Sold by
Lacombe Paul N and Lacombe Cheryl L
Bought by
Shapiro Marc D and Shapiro Teri C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,600
Interest Rate
6.84%
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 Type Sale Price Title Company
Warranty Deed $734,000 Alliance Title
Special Warranty Deed $266,900 Attorney
Trustee Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $469,000 Title Security & Escrow Of
Warranty Deed $265,000 --
Warranty Deed $174,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $742,100 VA
Closed $734,000 Balloon
Previous Owner $100,000 Credit Line Revolving
Previous Owner $461,600 Negative Amortization
Previous Owner $100,000 Credit Line Revolving
Previous Owner $319,000 Purchase Money Mortgage
Previous Owner $144,000 Unknown
Previous Owner $130,000 No Value Available
Previous Owner $139,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 For Sale $675,000 -8.0% $420 / Sq Ft
11/29/2022 11/29/22 Sold $734,000 0.0% $456 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
07/14/2022 07/14/22 Price Changed $734,000 -2.0% $456 / Sq Ft
06/08/2022 06/08/22 For Sale $749,000 -- $466 / 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
2024 $488 $437,330 -- --
2023 $488 $424,600 $0 $0
2022 $2,184 $183,400 $0 $0
2021 $2,261 $178,060 $0 $0
2020 $2,215 $175,610 $0 $0
2019 $2,175 $171,670 $0 $0
2018 $2,178 $168,470 $0 $0
2017 $2,196 $165,010 $0 $0
2016 $2,232 $161,620 $0 $0
2015 $2,301 $160,500 $0 $0
2014 $2,316 $159,230 $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: 937236

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-30-1A-00502.0-0000.00