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For SaleCondominium
$925K
1 Eighth Avenue #1202, Indialantic, FL 32903
Indialantic neighborhood
Subdivision: Magnolia Key Condo
3
Bedrooms
3
Bathrooms
2,682
Sq Ft
2006
Year Built
$345 /sqft

About This Property

Description from listing agent

Experience luxury coastal living in this beautiful updated oceanfront condominium located in Indialantic Beach's desirable SOFA (South of Fifth Ave) district. This exceptional residence offers beach access, just moments from shopping, dining, & more. Offering 3 bedrooms & 3 baths, it features an updated Chef's kitchen, granite countertops, Kraftmaid cabinetry, upgraded stainless appliances, ice machine, Miele espresso machine, gas stove w/grill & griddle, warming & cooling drawers & more. Luxury vinyl flooring, 9-foot ceilings, & a double sided fireplace. The master suite offers his/hers closets, double sinks, jetted tub, sep shower, & bidet. Relax on the wraparound corner balcony overlooking ocean views. Other features include Impact-rated doors/windows, 2 under-building garage spaces plus 2 private storage areas, 1 w/climate-control. Amenities include beach access, heated pool, spa, clubhouse, fitness center, water, sewer, trash, lawn & pest control. Also for Lease, see MLS 1084450

Space Coast Context

🚀 Launch Viewing — Good Views

32.7 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4.3 mi~10 min
Northrop4.6 mi~10 min
Blue Origin26.4 mi~59 min
Lockheed27.8 mi~1h 2m
SpaceX27.9 mi~1h 2m
Boeing/KSC30.2 mi~1h 7m
KSC30.9 mi~1h 9m

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.

Price History

Date
Event
Price
  • 8/26/26
    Price change
    $925K -2.6%
    $345/sqft
  • 8/21/26
    Price change
    $950K -3.0%
    $354/sqft
  • 8/13/26
    Price change
    $979K -1.0%
    $365/sqft
  • 7/2/26
    Listed
    $989K
    $369/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
9.1% below market
Median comparable close price: $1,017,500
Typical Offer Discount
92.5% of list price
At that rate, a competitive offer ≈ $855,625
Price Reductions
3 reductions
Originally listed at $989,000 · Cut $64,000 total
See & adjust the 1 comparable sale 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
0.05 acres (2,178 sqft)
Full Baths
3
Garage
2 car
HOA Fee
$1100/mo
Waterfront
Atlantic Ocean
Days on Market
56
MLS Area
384 - Indialantic/Melbourne Beach

Community & HOA

HOA

  • Name: Magnolia Key Condo - www.Magnolia-key.com
  • Fee: $1,100 / monthly

Schools

Elementary

Indialantic

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jul 2, 2026
Parcel #
27-38-31-Eo-00039.0-0001.02
$925K

Listing Agent (for property info)

A
Andy Waterman
Waterman Real Estate, Inc.
321-698-3000
Call Listing Agent

Estimated Monthly Payment

$7,049/mo
Principal & interest
$4,874
Property taxes
$925
Insurance & HOA
$1,250

Based on a 6.90% rate, 30-year loan, and $925K price — down payment shown: $185,000.

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# 1081548

What's Nearby

restaurants
Beach Side Café
0.2 mi away
coffee shops
Beach Side Café
0.2 mi away
restaurants
Around the World Café
0.2 mi away
coffee shops
Around the World Café
0.2 mi away
restaurants
Starbucks
0.2 mi away
coffee shops
Starbucks
0.2 mi away
restaurants
Surfinista
0.2 mi away
coffee shops
Surfinista
0.2 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1081548 · Listing Broker: Waterman Real Estate, Inc. · 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.