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For SaleCondominium
$255K
1145 N Shannon Avenue #16, Indialantic, FL 32903
Indialantic neighborhood
Subdivision: Indialantic Villas Condo
2
Bedrooms
2
Bathrooms
1,020
Sq Ft
1981
Year Built
$250 /sqft

About This Property

Description from listing agent

Discover comfort, convenience, and coastal living in this beautifully updated second-floor condo, located just minutes from the ocean. Inside, you'll find a bright and inviting space freshly painted throughout, offering a clean and modern feel from the moment you step in. Newer flooring enhances the home's style and durability, while the updated bathrooms add a touch of contemporary elegance and functionality. Whether you're looking for a serene primary residence, a low-maintenance retreat, or a vacation escape near the beach, this condo delivers a rare blend of comfort, convenience, and coastal charm. Move-in ready and ideally situated close to shopping, dining, and the shoreline--it's a perfect place to enjoy the best of seaside living.

Space Coast Context

🚀 Launch Viewing — Good Views

32.1 mi from SLC-40

32.1 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris4 mi~9 min
Northrop4.1 mi~9 min
Blue Origin25.9 mi~58 min
Lockheed27.2 mi~1h 1m
SpaceX27.3 mi~1h 1m
Boeing/KSC29.6 mi~1h 6m
KSC30.3 mi~1h 8m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Based on 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
30.7% above median
Median comparable close: $195,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
89.8% of list price
At that rate, a competitive offer ≈ $228,870
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 2 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.07 acres (3,049 sqft)
Full Baths
2
HOA Fee
$603/mo
Days on Market
109
MLS Area
384-Indialantic/Melbourne Beach

Community & HOA

HOA

Schools

Elementary

Indialantic

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Mar 30, 2026
Parcel #
27-38-31-26-6-2.16
$255K

Listing Agent (for property info)

G
Gary R Altizer
Lokation Real Estate
321-508-3612
Call Listing Agent

Estimated Monthly Payment

$2,351/mo
Principal & interest
$1,343
Property taxes
$255
Insurance & HOA
$753

Based on a 6.90% rate, 30-year loan, and $255K price — down payment shown: $50,980.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1073266

Interested in this property?

Equal Housing Opportunity

MLS# 1073266 · Listing Broker: Lokation Real Estate · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.