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For SaleCondominium
$650K
1 Eighth Avenue #1201, Indialantic, FL 32903
Indialantic neighborhood
Subdivision: Magnolia Key Condo
3
Bedrooms
2
Bathrooms
2,061
Sq Ft
2006
Year Built
$315 /sqft

About This Property

Description from listing agent

Bask in the coastal glow from this sun-kissed 3-bed, 2-bath oceanfront condo, where uninterrupted ocean views pour through eight-foot impact-rated glass doors and a private terrace invites seamless indoor-outdoor living. A spacious, open layout features granite countertops, wood cabinetry, premium appliances, and upscale fixtures throughout. The extra-deep parking spot accommodates a car plus a bike & separate AC storage for all your beach gear, while the Key West-inspired exterior, sparkling pool & spa, natural gas grill, and welcoming clubhouse set the tone for relaxed beachside gatherings. Set in the heart of Indialantic by-the-Sea, Magnolia Key offers one-level living in a boutique, three-building enclave just steps from beach cafes, Fifth Avenue shopping, and cultural gems along Florida's Space Coast—minutes from Melbourne Airport and a quick escape to Orlando or Kennedy Space Center.

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

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
  • 7/12/25
    Listed
    $650K
    $315/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 6 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
14.5% below market
Median comparable close price: $760,000
Typical Offer Discount
95.2% of list price
At that rate, a competitive offer ≈ $618,553
Price Reductions
No reductions
Listed price has not changed since hitting the market
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 (single family, condo, townhouse, etc.)
  • 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)
  • Square footage within ±15%
  • Year built within ±15 years

We start with your neighborhood, then expand to 3 miles, then 5 miles until we have enough comps. Sales within the last 90 days are weighted 2× in the median to reflect current market conditions.

This is the same analysis a local agent performs by hand — done automatically on every listing.

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
2
Garage
1 car (attached)
HOA Fee
$1100/mo
Waterfront
Atlantic Ocean
Days on Market
341
MLS Area
384-Indialantic/Melbourne Beach

Community & HOA

HOA

  • Name: Magnolia Key Condo Association
  • Fee: $1,100 / monthly

Schools

Elementary

Indialantic

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Jul 12, 2025
Parcel #
27-38-31-Eo-00039.0-0001.01
$650K

Listing Agent (for property info)

R
Rebecca Craigie
Real Broker, LLC
855-450-0442
Call Listing Agent

Estimated Monthly Payment

$5,325/mo
Principal & interest
$3,425
Property taxes
$650
Insurance & HOA
$1,250

Based on a 6.90% rate, 30-year loan, and $650K price — down payment shown: $130,000.

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# 1051519

Interested in this property?

Equal Housing Opportunity

MLS# 1051519 · Listing Broker: Real Broker, 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.