$2,250,000
Indialantic, FL 32903
MLS# 1056020
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.Every unit features 2 bedrooms,2 1/2 baths, private 1 car garage and private courtyard with hot tub,comfortably 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. 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. Town of Indialantic Tourist zoning allows for a range of future uses-excellent long term redevelopment potential
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2731354
Parcel Number: 27-38-31-Eo-00038.0-0015.00
General County Location: South
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 Units Total: 3
Stories Total: 2
Building Area Total: 4455
Building Area Source: Other
Lot Size Acres: 0.23
Association YN: No
Building Name: Beach Bungalow
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Atlantic Ocean
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 505.05
Bathrooms Total: 8
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.Every unit features 2 bedrooms,2 1/2 baths, private 1 car garage and private courtyard with hot tub,comfortably 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. 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. Town of Indialantic Tourist zoning allows for a range of future uses-excellent long term redevelopment potential
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Fencing
Fenced: 1
Wood: 1
Flooring
Tile: 1
Wood: 1
Lot Features
Other: 1
Parking Features
Garage: 1
Garage Door Opener: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: The Palms
Annual Rent: 0
Unit SqFt: 1500
# Units (This Type): 1
Baths Total: 2
Furnished: Furnished
Unit Remarks: $2050 per week
Unit 2 Details
Unit ID: The Banana
Annual Rent: 0
Unit SqFt: 1500
# Units (This Type): 1
Baths Total: 3
Furnished: Furnished
Unit Remarks: $1890 per week
Unit 3 Details
Unit ID: Coconut
Annual Rent: 0
Unit SqFt: 1500
# Units (This Type): 1
Baths Total: 3
Furnished: Furnished
Unit Remarks: $1890 per week
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Source
Public: 1
Waterfront Features
Ocean Access: 1
Ocean Front: 1
Showing Requirements
Listing Agent Must Accompany: 1
Sale Includes
Building & Land: 1
Furniture, Fixtures and Equipment: 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: Multi Family
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: 2025-09-22T14:50:09Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-22T14:50:09Z
Status Change Timestamp: 2025-09-01
Property Features
Construction Materials: Block; Concrete; Stucco
Fencing: Fenced; Wood
Flooring: Tile; Wood
Lot Features: Other
Parking Features: Garage; Garage Door Opener
Possession: Close Of Escrow
Sale Includes: Building & Land; Furniture, Fixtures and Equipment
Sewer: Public Sewer
Showing Requirements: Listing Agent Must Accompany
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected
Water Source: Public
Waterfront Features: Ocean Access; Ocean Front
Supplements
a range of future uses-excellent long term redevelopment potential
Indialantic Tourist Zone Code of Ordinan 
Unit 1 floorplan 
Listing Office: Engel&Voelkers Melb Beachside
Last Updated: October - 22 - 2025
Information is deemed to be reliable, but is not guaranteed.