$715,000
Indialantic, FL 32903
MLS# 1060532
Status: Active Under Contract
3 beds | 2 baths
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Property 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,
Details
Maps
Documents
Contract Information
Unit Type: Penthouse
Comp Sale YN: No
Current Price: $715,000
Original List Price: 729000
List Price: $715,000
Status: Active Under Contract
Listing Contract Date: 2025-10-25
Property Sub Type: Condominium
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.
General Property Information
Stories Total: 4
Bathrooms Half: 0
Living Area: 1684
Living Area Source: Public Records
Lot Size Acres: 0.05
Lot Size Square Feet: 2178
Accessibility Features YN: No
Association YN: Yes
Association Fee: 1100
New Construction YN: No
Association Fee Frequency: Monthly
Association Name: Magnolia Key Condo Assoc.
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: Yes
Water Body Name: Atlantic Ocean
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Furnished: Unfurnished
Stories: 1
Entry Level: 4
Direction Faces: West
Pool Private YN: No
List Price/SqFt: 424.58
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 2006
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,
Appliances
Dishwasher: 1
Disposal: 1
Double Oven: 1
Dryer: 1
Gas Range: 1
Gas Water Heater: 1
Microwave: 1
Refrigerator: 1
Tankless Water Heater: 1
Washer: 1
Association Amenities
Car Wash Area: 1
Clubhouse: 1
Elevator(s): 1
Maintenance Grounds: 1
Maintenance Structure: 1
Management - On Site: 1
Service Elevator(s): 1
Spa/Hot Tub: 1
Trash: 1
Water: 1
Association Fee Includes
Cable TV: 1
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Pest Control: 1
Trash: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
DPR Eligible
DPR Eligible: Yes
Exterior Features
Balcony: 1
Impact Windows: 1
Flooring
Carpet: 1
Tile: 1
Wood: 1
Heating
Central: 1
Natural Gas: 1
Interior Features
Breakfast Bar: 1
Ceiling Fan(s): 1
His and Hers Closets: 1
Open Floorplan: 1
Pantry: 1
Primary Bathroom -Tub with Separate Shower: 1
Split Bedrooms: 1
Walk-In Closet(s): 1
Other: 1
Legal Details
Permission Granted to Advertise: Yes
Listing Terms
Cash: 1
Conventional: 1
VA Loan: 1
Lot Features
Other: 1
Parking Features
Assigned: 1
Attached: 1
Garage Door Opener: 1
Underground: 1
Pets Allowed
Total Number Of Pets: 2
Breed Restrictions: 1
Number Limit: 1
Weight Limit: 40
Yes: 1
Possession
Close Of Escrow: 1
Security Features
Secured Lobby: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Spa Features
Community: 1
Heated: 1
In Ground: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Beach: 1
Ocean: 1
Water Source
Public: 1
Waterfront Features
Ocean Front: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Lockbox: 1
Showing Service: 1
Rental Restrictions
7 Months: 1
Tenant Approval: 1
Contingency Reason
Home Sale: 1
Location Tax and Legal
Street Number: 1
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
Status Change Information
Major Change Timestamp: 2026-04-24T14:55:12Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-19T18:07:34Z
Status Change Timestamp: 2026-04-24
Contingency: Active Under Contract
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
Contingency Reason: Home Sale
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.
Magnolia Key FAQ 
Listing Office: EXP Realty, LLC
Last Updated: April - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.