138 Mediterranean Way, Satellite Beach, FL 32937

$875,000
Property Type: Residential Income Square Footage: 4,253 Lot Size (sq. ft.): 9,828 Status: Closed
Current Price: $875,000 List Date: 2/24/2023 Last Modified: 5/31/2026

Overview

Description

Super flexibility to use a 5-bed, 4.5-bath property part-time and rent short term. This single townhouse built in 2018 with hurricane glass comes fully furnished including art, kitchen supplies, linens, everything. Licensed for AirBnB and VRBO rentals. This neighborhood is one of the only Legal Short Term Rental properties in Indian Harbour Beach. The property rents for $675 a night and demand is good enough that a similar unit generated $115,350 in 2022. The community is gated, HOA covers the pool, landscaping, water features, and exterior building maintenance. Don't miss this opportunity to have a place in Florida that is easy to own, easy to manage and gives you the flexibility to rent short term that can cover your cost of ownership.

Listing Details MLS# 958051

General Property Information

Number Of Units Total
Yes
Living Area
3508
Living Area Source
Public Records
Building Area Total
4253
Year Built
2018
Garage YN
Yes
Garage Spaces
2
Carport YN
No
Open Parking Spaces
8
Parking Total
12
Lot Size Acres
0.23
Lot Size Square Feet
9827.8
Lot Size Dimensions
irr
Association YN
Yes
Association Fee
535
Association Fee Frequency
Monthly
Property Use
STR
Use Code
03 / TOWNHOUSE APART
Water Body Access YN
No
Waterfront YN
No
Water Frontage Feet
4
List Price/SqFt
256.27
Sold Price/SqFt
249.43
Carport Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Association Amenities: Management - Full Time; Pool Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding Cooling: Central Air Financial Data Source: Owner Flooring: Carpet; Tile Levels: Two Listing Terms: Cash; Conventional; FHA; VA Loan Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Insurance; Janitorial Service; Management; Pool Maintenance; Repairs; Sewer; Taxes; Telephone; Trash Collection; Water; Other Parking Features: Attached; Garage Door Opener Pool Features: In Ground; Other Possession: Close Of Escrow Road Surface Type: Paved Roof: Tile Special Listing Conditions: Standard Utilities: Electricity Connected; Separate Electric Meters; Separate Water Meters; Water Available Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Office; No Sign; Showing Service

Contract Information

Original List Price
949000
Listing Contract Date
2023-02-23
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
138
Street Name
Mediterranean
Street Suffix
Way
County
Brevard
State
FL
Postal Code
32937
MLS Area Major
382-Satellite Bch/Indian Harbour Bch
Subdivision Name
Fortebello

Remarks and Miscellaneous

Public Remarks
Super flexibility to use a 5-bed, 4.5-bath property part-time and rent short term. This single townhouse built in 2018 with hurricane glass comes fully furnished including art, kitchen supplies, linens, everything. Licensed for AirBnB and VRBO rentals. This neighborhood is one of the only Legal Short Term Rental properties in Indian Harbour Beach. The property rents for $675 a night and demand is good enough that a similar unit generated $115,350 in 2022. The community is gated, HOA covers the pool, landscaping, water features, and exterior building maintenance. Don't miss this opportunity to have a place in Florida that is easy to own, easy to manage and gives you the flexibility to rent short term that can cover your cost of ownership.

Status Change Information

Major Change Timestamp
2023-11-11T03:50:03Z
Major Change Type
Price Reduced
Price Change Timestamp
2023-05-18T13:41:09Z
Status Change Timestamp
2023-07-10
Purchase Contract Date
2023-05-25
Close Date
2023-07-07
Close Price
875000

More Information

Closing Company Details

Closing Company Name
Apiary Title 407-406-3639 dgenao@apiarytitle.com
Closing Company Address
12301 Lake Underhill Rd #213, Orlando, FL 32828

Income and Expenses

Gross Scheduled Income
115000
Net Operating Income
90000
Operating Expense
25000

Showing Requirements

Gated
Yes
Appointment Only
Yes
Call Listing Office
Yes
No Sign
Yes
Showing Service
Yes

Historical Information

Public Historical Remarks 3
Possible Financing-1031 Exchange: Y, Expenses Include-Supplies: Y, Expenses Include-License Permits: Y, Number of Buildings: 1 Building

Location, Tax, and Legal

Tax Account
2747568
Parcel Number
27-37-13-00-00303.0-0000.00
General County Location
South
Elementary School
Ocean Breeze
Middle School
Hoover
High School
Satellite
Tax Annual Amount
6991.2
Tax Year
2021
Tax Legal Description
PART OF S 1/2 OF NW 1/4 OF NW 1/4 BOUNDED ON N BY PB 18 PG 10, ON W BY ''PRIVATE RD'' AS DESC IN ORB 6917 PG 1689 KNOWN
Directions
A1A to Eau Gallie Blvd, half mile turn Right next to Subway & Senior Loco Taco...Subdivision is behind these businesses.

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Association Amenities

Management - Full Time
Yes
Pool
Yes

Construction Materials

Block
Yes
Concrete
Yes
Frame
Yes
Stucco
Yes
Wood Siding
Yes

Cooling

Central Air
Yes

Flooring

Carpet
Yes
Tile
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Parking Features

Attached
Yes
Garage Door Opener
Yes

Pool Features

In Ground
Yes
Other
Yes

Possession

Close Of Escrow
Yes

Financial Data Source

Owner
Yes

Owner Pays

Cable TV
Yes
Electricity
Yes
Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Janitorial Service
Yes
Management
Yes
Pool Maintenance
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Telephone
Yes
Trash Collection
Yes
Water
Yes
Other
Yes

Road Surface Type

Paved
Yes

Roof

Tile
Yes

Special Listing Conditions

Standard
Yes

Utilities

Electricity Connected
Yes
Separate Electric Meters
Yes
Separate Water Meters
Yes
Water Available
Yes

Water Source

Public
Yes

Showing Considerations

Occupied
Yes
Listing Office: One Sotheby's International
Last Updated: May - 31 - 2026
Information is deemed to be reliable, but is not guaranteed.
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