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For SaleCondominium
$270K
300 Columbia Drive #505-1, Cape Canaveral, FL 32920
Cape Canaveral neighborhood
Subdivision: Treasure Island Club Condo Ph I
2
Bedrooms
2
Bathrooms
1,200
Sq Ft
1985
Year Built
$225 /sqft

About This Property

Description from listing agent

Experience the lifestyle that makes Florida waterfront living so unforgettable. From this desirable fifth-floor residence, enjoy panoramic water views as cruise ships glide toward the Atlantic, manatees gather along the shoreline, rocket launches light up the sky, and breathtaking sunsets become part of your everyday routine. This condo offers a rare opportunity to design a home that reflects your own style while securing a view that can never be renovated or replaced. Whether you're searching for a full-time residence, seasonal getaway, or weekend retreat, the true value is the exceptional waterfront setting. Priced at $270,000, this is your chance to create a personalized coastal showpiece in one of the Space Coast's most sought-after waterfront locations. Original photos are included alongside enhanced images so buyers can fully appreciate both the home's current condition and its remarkable potential.

Space Coast Context

🚀 Launch Viewing — Great Views

12 mi from SLC-40

12 miles from SLC-40 — clear launch views from your yard or roof on most days.

Aerospace Commute Guide
Blue Origin7.2 mi~16 min
SpaceX7.3 mi~16 min
Lockheed7.4 mi~16 min
Boeing/KSC9.2 mi~21 min
KSC10.1 mi~23 min
Northrop18.3 mi~41 min
L3Harris20.2 mi~45 min

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High Risk

Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.

Estimated flood insurance: $2,000 – $6,000+ / yr — varies by coverage, elevation & insurer

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

Price History

Date
Event
Price
  • 7/1/26
    Price change
    $270K -6.9%
    $225/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
15.9% above median
Median comparable close: $233,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
93.1% of list price
At that rate, a competitive offer ≈ $251,235
Price Reductions
1 reduction
Originally listed at $270,000 · Cut $20,000 total
See & adjust the 3 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
0.01 acres (305 sqft)
Full Baths
2
HOA Fee
$650/mo
Waterfront
Canal Navigational to Banana River
Days on Market
101
MLS Area
271 - Cape Canaveral

Community & HOA

HOA

  • Name: The Treausure Island Club
  • Fee: $650 / monthly

Schools

Elementary

Cape View

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
May 19, 2026
Parcel #
24-37-22-00-00050.G-0000.00
$270K

Listing Agent (for property info)

T
Terry Palmiter
RE/MAX Aerospace Realty
321-506-7852
Call Listing Agent

Estimated Monthly Payment

$2,493/mo
Principal & interest
$1,423
Property taxes
$270
Insurance & HOA
$800

Based on a 6.90% rate, 30-year loan, and $270K price — down payment shown: $54,000.

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# 1077700

What's Nearby

restaurants
Southern Charm Cafe
0.1 mi away
coffee shops
Southern Charm Cafe
0.1 mi away
restaurants
Wendy's
0.2 mi away
pharmacies
Mike's Pharmacy
0.2 mi away
parks
Patriots Park
0.2 mi away
restaurants
Subway
0.2 mi away
home improvement
Ace Hardware
0.2 mi away
gas stations
Mobil
0.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1077700 · Listing Broker: RE/MAX Aerospace Realty · 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.