$2,250,000
Indialantic, FL 32903
MLS# 1055788
6 beds | 8 baths
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Property Description
Legal short term rental Triplex along the Atlantic Ocean in the heart of the Indialantic Tourist District. Rare investment and lifestyle opportunity awaits at this one-of-a-kind property. Each of the three town homes is approx.1500 sq ft, fully furnished and turn-key. Each unit features 2 bedrooms, 2 full baths (2 of the units also have an additional 1/2 bath), private 1 car garage and private courtyard with hot tub, easily sleeps 6. As an established high-performing weekly rental, the property offers flexibility such as option to live in one unit while renting out the others, rent all three to maximize income,or use one unit as a seasonal retreat with built-in ROI. Perfect location walk/bike to unique restaurants, coffee shops, beach bars, grocery stores, Surf shops and boutiques.Only 65 miles from Disney World with an essentially no-turn drive straight on 1-92 making this one of the closest coastal accommodations to the Disney parks.Flexible tourist zoning allows for redevelopment
Details
Maps
Location, Tax, and Legal
Tax Account: 2731354
Parcel Number: 27-38-31-Eo-00038.0-0015.00
General County Location: South
Elementary School: Indialantic
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 15415.8
Tax Year: 2023
Directions: East on 1-92 to the very end, turn right on Wavecrest, property on right
General Property Information
Number Of Buildings: 1
Number Of Units Total: 3
Stories Total: 2
Bathrooms Half: 2
Living Area: 4455
Living Area Source: Other
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Senior Community YN: No
Entry Level: 1
Direction Faces: East
List Price/SqFt: 505.05
Bedrooms Total: 6
Bathrooms Total: 8
Bathrooms Full: 6
Year Built: 1979
Remarks and Miscellaneous
Public Remarks: Legal short term rental Triplex along the Atlantic Ocean in the heart of the Indialantic Tourist District. Rare investment and lifestyle opportunity awaits at this one-of-a-kind property. Each of the three town homes is approx.1500 sq ft, fully furnished and turn-key. Each unit features 2 bedrooms, 2 full baths (2 of the units also have an additional 1/2 bath), private 1 car garage and private courtyard with hot tub, easily sleeps 6. As an established high-performing weekly rental, the property offers flexibility such as option to live in one unit while renting out the others, rent all three to maximize income,or use one unit as a seasonal retreat with built-in ROI. Perfect location walk/bike to unique restaurants, coffee shops, beach bars, grocery stores, Surf shops and boutiques.Only 65 miles from Disney World with an essentially no-turn drive straight on 1-92 making this one of the closest coastal accommodations to the Disney parks.Flexible tourist zoning allows for redevelopment
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Multi-Family: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Balcony: 1
Courtyard: 1
Fire Pit: 1
Storm Shutters: 1
Fencing
Back Yard: 1
Fenced: 1
Wood: 1
Flooring
Tile: 1
Wood: 1
Heating
Central: 1
Heat Pump: 1
Financial Data Source
Owner: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: The Palms
Actual Rent: 2275
Unit SqFt: 1500
Beds Total: 2
Full Baths Total: 2
Furnished: Furnished
Unit Remarks: $2050 per week, sleeps 6
Unit 2 Details
Unit ID: The Banana
Actual Rent: 1890
Unit SqFt: 1500
Beds Total: 2
Full Baths Total: 2
Half Baths Total: 1
Furnished: Furnished
Unit Remarks: $1890 per week, sleeps 6
Unit 3 Details
Unit ID: Coconut
Actual Rent: 1890
Unit SqFt: 1500
Beds Total: 2
Full Baths Total: 2
Half Baths Total: 1
Furnished: Furnished
Unit Remarks: $1890 per week, sleeps 6
Utilities
Cable Connected: 1
Electricity Connected: 1
View
Beach: 1
Ocean: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $2,250,000
Original List Price: 2450000
List Price: $2,250,000
Status: Active
Listing Contract Date: 2025-08-29
Property Sub Type: Triplex
Location Tax and Legal
Street Number: 312
Street Name: Wavecrest
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: Indialantic By The Sea
Status Change Information
Major Change Timestamp: 2025-09-22T14:50:31Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-22T14:50:31Z
Status Change Timestamp: 2025-08-29
Property Features
Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air; Electric
Current Use: Multi-Family
Exterior Features: Balcony; Courtyard; Fire Pit; Storm Shutters
Fencing: Back Yard; Fenced; Wood
Financial Data Source: Owner
Flooring: Tile; Wood
Heating: Central; Heat Pump
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected
View: Beach; Ocean
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Call Listing Agent
Supplements
a range of future uses-excellent long term redevelopment potential
Listing Office: Engel&Voelkers Melb Beachside
Last Updated: October - 22 - 2025
Information is deemed to be reliable, but is not guaranteed.