1 Eighth Avenue 1403, Indialantic, FL 32903
$715,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,684
Lot Size (sq. ft.):
2,178
Status:
Active
Current Price:
$715,000
List Date:
10/26/2025
Last Modified:
1/26/2026
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, just a short walk or bike ride to fine dining, boutique shopping, and local favorites.
Supplements: Downtown Melbourne is conveniently located just over the causeway, offering an array of dining, entertainment, and cultural experiences.
More Information MLS# 1060532
Contract Information
Unit Type: Penthouse
Comp Sale YN: No
Current Price: $715,000
Original List Price: 729000
List Price: $715,000
Status: Active
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, just a short walk or bike ride to fine dining, boutique shopping, and local favorites.
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
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: 2026-01-19T18:07:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-01-19T18:07:34Z
Status Change Timestamp: 2025-10-26
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
Documents
Magnolia Key FAQ ›
Listing Office:
EXP Realty, LLC
Last Updated: January - 26 - 2026
Information is deemed to be reliable, but is not guaranteed.