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For SaleCondominium
$448K
8961 Lake Drive #504, Cape Canaveral, FL 32920
Cape Canaveral neighborhood
Subdivision: Solana Lake Condo Ph III
2
Bedrooms
2
Bathrooms
1,828
Sq Ft
2002
Year Built
$245 /sqft

About This Property

Description from listing agent

Experience resort-style living just steps from the ocean in this top-floor, 5th-floor lakefront condo in the highly sought-after Solana Lake community. Enjoy stunning lake views and the added benefit of higher ceilings that enhance the sense of space and natural light throughout. This spacious 2-bedroom, 2-bath residence features an open-concept layout with a breakfast bar and a versatile den--perfect for a home office or additional living space. A blend of tile and carpet flooring adds comfort and functionality, and the unit is truly move-in ready. A rare bonus, this condo includes a large private garage, offering added convenience and storage. Solana Lake is a gated community known for its exceptional maintenance, strong financials, and resort-caliber amenities, including a fitness center, pool, tennis courts, and clubhouse. Ideally located in one of the two closest buildings to the ocean, this unit also offers easy access to Port Canaveral and the Kennedy Space Center

Space Coast Context

🚀 Launch Viewing — Great Views

11 mi from SLC-40

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

Aerospace Commute Guide
Blue Origin5.9 mi~13 min
SpaceX6.2 mi~14 min
Lockheed6.3 mi~14 min
Boeing/KSC8.6 mi~19 min
KSC9.8 mi~22 min
Northrop19.2 mi~43 min
L3Harris21.2 mi~47 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 4/9/26
    Listed
    $448K
    $245/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 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
13.9% above median
Median comparable close: $393,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
96.3% of list price
At that rate, a competitive offer ≈ $430,749
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
0.06 acres (2,614 sqft)
Full Baths
2
Garage
1 car
HOA Fee
$750/mo
Waterfront
Yes
Days on Market
78
MLS Area
271 - Cape Canaveral

Community & HOA

HOA

  • Name: Solana Lake Condo Association
  • Fee: $750 / monthly

Schools

Elementary

Cape View

Middle School

Cocoa Beach

High School

Cocoa Beach

Financial & Listing Details

Listed
Apr 9, 2026
Parcel #
24-37-14-00-00057.0-F504.00
$448K

Listing Agent (for property info)

B
Bobby W Freeman III
Compass Florida, LLC
321-693-1694
Call Listing Agent

Estimated Monthly Payment

$3,705/mo
Principal & interest
$2,358
Property taxes
$448
Insurance & HOA
$900

Based on a 6.90% rate, 30-year loan, and $448K price — down payment shown: $89,500.

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# 1074220

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Equal Housing Opportunity

MLS# 1074220 · Listing Broker: Compass Florida, LLC · 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.