1 Eighth Avenue 1403, Indialantic, FL 32903 (MLS# 1060532)

1 Eighth Avenue 1403, Indialantic, FL 32903

$713,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1060532

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,684 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $713,000 List Date: 10/26/2025 Last Modified: 5/24/2026

Overview

Description

This exceptional direct ocean penthouse offers sweeping ocean views from both the main living area and the primary suite. The well-designed 3 bedroom, 2 bath condominium features an open-concept living and dining area enhanced by soaring 9-foot ceilings and crown molding, delivering a light-filled, airy atmosphere. Impact-rated sliding glass doors and windows provide peace of mind while framing breathtaking ocean views. Residents enjoy the convenience and security of two under-building garage parking spaces, a private climate-controlled storage unit, and an impressive suite of amenities including a heated pool, spa, clubhouse, and a fitness center with newly updated equipment. Located within Magnolia Key, the newest condominium in the desirable SOFA District, this well-maintained and secure building offers a low-maintenance, year-round beachfront lifestyle. Situated in the heart of Indialantic,

Supplements: just a short walk or bike ride to fine dining, boutique shopping, and local favorites. Downtown Melbourne is conveniently located just over the causeway, offering an array of dining, entertainment, and cultural experiences.

Listing Details MLS# 1060532

General Property Information

Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1684
Living Area Source: Public Records
Accessibility Features YN: No
New Construction YN: No
Year Built: 2006
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.05
Lot Size Square Feet: 2178
Association YN: Yes
Association Fee: 1100
Association Fee Frequency: Monthly
Association Name: Magnolia Key Condo Assoc.
CDD Fee YN: No
Community Fee(s) YN: No
Waterfront YN: Yes
Water Body Name: Atlantic Ocean
Furnished: Unfurnished
Stories: Yes
Stories Total: 4
Entry Level: 4
Direction Faces: West
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 424.58
Sold Price/SqFt: 423.4
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Disposal; Double Oven; Dryer; Gas Range; Gas Water Heater; Microwave; Refrigerator; Tankless Water Heater; Washer Association Amenities: Car Wash Area; Clubhouse; Elevator(s); Maintenance Grounds; Maintenance Structure; Management - On Site; Service Elevator(s); Spa/Hot Tub; Trash; Water Association Fee Includes: Cable TV; Insurance; Maintenance Grounds; Maintenance Structure; Pest Control; Trash Construction Materials: Block; Concrete Cooling: Central Air Current Use: Multi-Family Exterior Features: Balcony; Impact Windows Flooring: Carpet; Tile; Wood Heating: Central; Natural Gas Interior Features: Breakfast Bar; Ceiling Fan(s); His and Hers Closets; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s); Other Listing Terms: Cash; Conventional; VA Loan Lot Features: Other Parking Features: Assigned; Attached; Garage Door Opener; Underground Pets Allowed: Breed Restrictions; Number Limit; Yes Possession: Close Of Escrow Rental Restrictions: 7 Months; Tenant Approval Security Features: Secured Lobby; Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Appointment Only; Listing Agent Must Accompany; Lockbox; Showing Service Spa Features: Community; Heated; In Ground Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: Beach; Ocean Water Source: Public Waterfront Features: Ocean Front

Contract Information

Original List Price: 729000
Listing Contract Date: 2025-10-25
Property Sub Type: Condominium
Unit Type: Penthouse
Comp Sale YN: No

Location Tax and Legal

Street Number: Yes
Street Name: Eighth
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: Magnolia Key Condo

Remarks and Miscellaneous

Public Remarks: This exceptional direct ocean penthouse offers sweeping ocean views from both the main living area and the primary suite. The well-designed 3 bedroom, 2 bath condominium features an open-concept living and dining area enhanced by soaring 9-foot ceilings and crown molding, delivering a light-filled, airy atmosphere. Impact-rated sliding glass doors and windows provide peace of mind while framing breathtaking ocean views. Residents enjoy the convenience and security of two under-building garage parking spaces, a private climate-controlled storage unit, and an impressive suite of amenities including a heated pool, spa, clubhouse, and a fitness center with newly updated equipment. Located within Magnolia Key, the newest condominium in the desirable SOFA District, this well-maintained and secure building offers a low-maintenance, year-round beachfront lifestyle. Situated in the heart of Indialantic,

Status Change Information

Major Change Timestamp: 2026-05-24T21:51:27Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-19T18:07:34Z
Status Change Timestamp: 2026-05-24
Purchase Contract Date: 2026-05-22
Close Date: 2026-05-22
Close Price: 713000

More Information

DPR Eligible

DPR Eligible: Yes

Legal Details

Permission Granted to Advertise: Yes

Pets Allowed

Total Number Of Pets: 2
Weight Limit: 40
Breed Restrictions: Yes
Number Limit: Yes
Yes: Yes

Currently Not Used

Homestead YN: No

Location, Tax, and Legal

Unit Number: 1403
Tax Account: 2745353
Parcel Number: 27-38-31-Eo-00039.0-0001.13
General County Location: South
Elementary School: Indialantic
Middle School: Hoover
High School: Melbourne
Tax Year: 2025
Directions: Heading east from I95 on hwy 192 (5th Ave.) to South on A1A (Miramar) to 8th Ave., turn left and enter parking lot to 1 Eighth Ave, which is building 1.

Appliances

Dishwasher: Yes
Disposal: Yes
Double Oven: Yes
Dryer: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes
Refrigerator: Yes
Tankless Water Heater: Yes
Washer: Yes

Association Amenities

Car Wash Area: Yes
Clubhouse: Yes
Elevator(s): Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Management - On Site: Yes
Service Elevator(s): Yes
Spa/Hot Tub: Yes
Trash: Yes
Water: Yes

Association Fee Includes

Cable TV: Yes
Insurance: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pest Control: Yes
Trash: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Central Air: Yes

Current Use

Multi-Family: Yes

Exterior Features

Balcony: Yes
Impact Windows: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Heating

Central: Yes
Natural Gas: Yes

Interior Features

Breakfast Bar: Yes
Ceiling Fan(s): Yes
His and Hers Closets: Yes
Open Floorplan: Yes
Pantry: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Split Bedrooms: Yes
Walk-In Closet(s): Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes
VA Loan: Yes

Lot Features

Other: Yes

Parking Features

Assigned: Yes
Attached: Yes
Garage Door Opener: Yes
Underground: Yes

Possession

Close Of Escrow: Yes

Security Features

Secured Lobby: Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Spa Features

Community: Yes
Heated: Yes
In Ground: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Beach: Yes
Ocean: Yes

Water Source

Public: Yes

Waterfront Features

Ocean Front: Yes

Showing Requirements

Appointment Only: Yes
Listing Agent Must Accompany: Yes
Lockbox: Yes
Showing Service: Yes

Rental Restrictions

7 Months: Yes
Tenant Approval: Yes

Documents

Magnolia Key FAQ ›

Condo Sellers property disclosures ›

Condo Rider ›

Flood Disclosure ›

New Owner, Welcome letter and forms ›

Reports ›

Listing Office: EXP Realty, LLC

Last Updated: May - 24 - 2026

Information is deemed to be reliable, but is not guaranteed.