$550,000
OPEN HOUSE 5/02 $25K PRICE DROP

700 Wave Crest Ave Unit 204 Indialantic, FL 32903

Melbourne Beach Neighborhood

Estimated payment $4,393/month

Total Views 6,127
2 Beds
2 Baths
1,554 Sq Ft
$354 Price per Sq Ft

Highlights

  • Community Beach Access
  • Ocean Front
  • Gated Community
  • Indialantic Elementary School Rated A-
  • 24-Hour Security
  • Open Floorplan

About This Home

Experience breathtaking ocean views from this stunning 2-bed, 2-bath condo, offering 1,554 sq. ft. of coastal living. Step onto your expansive 48-foot balcony and soak in the sights and sounds of the ocean.This building is undergoing extensive renovations—including a new roof and impact/turtle glass—with completion set for June 2025. Once completed, this will satisfy the Milestone & SIRS inspections. All the work has been done for you! Inside, enjoy a well-maintained home featuring an updated AC system & floor to ceiling windows. The inviting living area boasts a cozy sunken fireplace, adding to the beachy ambiance. The kitchen is a chef's dream with a large island, granite countertops, and stainless steel appliancesThis pet-friendly condo has no size restrictions and offers the flexibility of a full-time residence, vacation retreat, or investment property. The incredible ocean view as you enter the unit is a showstopper!

Listing Agent

Ruth Murphy

Dale Sorensen Real Estate Inc. License #3508207

Dale Sorensen Real Estate Inc.

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,588

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 2,178 Sq Ft Lot
  • Ocean Front
  • West Facing Home
  • Front and Back Yard Sprinklers

HOA Fees

  • $941 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Wood Roof
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,554 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Ocean Views

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

  • Security Gate
  • Closed Circuit Camera
  • High Impact Windows
  • Fire and Smoke Detector

Parking

  • Guest Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Bathroom
  • Visitor Bathroom
  • Grip-Accessible Features
  • Accessible Bedroom
  • Accessible Common Area
  • Accessible Kitchen
  • Kitchen Appliances
  • Central Living Area
  • Accessible Hallway

Outdoor Features

  • Property has ocean access
  • Balcony
  • Deck
  • Rear Porch

Additional Homes

  • 1,554 SF Accessory Dwelling Unit
  • ADU includes 2 Bedrooms

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • 220 Volts
  • 200+ Amp Service
  • Electric Water Heater

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, pest control, security, trash
  • Islamorada Condo Association
  • Islamorada Condo Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Secure Lobby

Recreation

  • Community Beach Access

Security

  • 24-Hour Security
  • 24 Hour Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,588

Year Built

Built in 1983 | Remodeled

Lot Details

0

HOA Fees

$941 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Reso View: Ocean
  • Water Body Name: Atlantic Ocean
  • ResoSecurityFeatures: 24 Hour Security, Closed Circuit Camera(s), Security Gate, Smoke Detector(s), Secured Lobby
  • Reso Association Amenities: Beach Access, Car Wash Area, Elevator(s), Gated, Maintenance Grounds, Management - Full Time, Management - Off Site, Trash
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Trash
  • ResoSpecialListingConditions: Assessment Seller Pay, Owner Licensed RE
  • Subdivision Name: Islamorada Condo
  • Reso Accessibility Features: Accessible Bedroom, Accessible Central Living Area, Accessible Common Area, Accessible Elevator Installed, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Central Living Area, Grip-Accessible Features, Visitor Bathroom
  • Architectural Style: Traditional
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Reso Property Condition: Updated/Remodeled
  • Financial Info Electric: 200+ Amp Service, 220 Volts
  • Appliances Microwave: Yes
  • Cooling:Electric: Yes
  • Sewer:Public Sewer: Yes
  • ViewOcean: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entrance Foyer, Guest Suite, Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Washer/Dryer Stacked
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Stories: 1
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Laundry Features:In Unit: Yes
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • Exterior Features: Balcony, Impact Windows
  • Roof: Concrete, Wood
  • Acres: 0.05
  • Pool Private: No
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Deck, Rear Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Deck: Yes
  • Exterior Features:Balcony: Yes
  • Accessibility Features:Grip-Accessible Features: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Waterfront Features:Ocean Access: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes
  • Waterfront Features:Ocean Front: Yes
  • Accessibility Features:Accessible Hallway(s): Yes
  • Exterior Features:Impact Windows: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Accessibility Features:Accessible Common Area: Yes
  • Accessibility Features:Visitor Bathroom: Yes
  • Accessibility Features:Accessible Bedroom: Yes
  • Accessibility Features:Accessible Central Living Area: Yes
  • Accessibility Features:Accessible Kitchen: Yes
  • Accessibility Features:Accessible Kitchen Appliances: Yes
  • Accessibility Features:Central Living Area: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Guest, Off Street, Parking Lot
  • General Property Information:Garage YN: No
  • Parking Features:Guest: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Parking Lot: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Electricity Connected, Water Connected
  • Heating: Central, Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 940.62
  • Association Fee Frequency: Monthly
  • Association Name: ISLAMORADA CONDO
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: ISLAMORADA CONDO
  • General Property Information:Association Fee: 940.62
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Security: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Car Wash Area: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Beach Access: Yes
  • Association Amenities:Gated2: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Association Fee Includes:Maintenance Structure: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2731389
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4588.13

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,588 $299,570 $0 $0
2022 $4,259 $290,850 $0 $0
2021 $4,385 $282,380 $0 $0
2020 $4,382 $278,490 $0 $0
2019 $4,324 $272,230 $0 $272,230
2018 $4,393 $269,530 $0 $269,530
2017 $4,342 $269,540 $0 $269,540
2016 $4,484 $234,830 $0 $0
2015 $4,179 $204,200 $0 $0
2014 $3,870 $185,640 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Price Changed $550,000 +4.0% $354 / Sq Ft
02/21/2025 02/21/25 Price Changed $529,000 -2.0% $340 / Sq Ft
01/09/2025 01/09/25 Price Changed $540,000 -6.1% $347 / Sq Ft
11/13/2024 11/13/24 For Sale $575,000 -- $370 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Deed History

Date Type Sale Price Title Company
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Warranty Deed $445,000 Title Security & Escrow Of C
Warranty Deed $131,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $356,000 No Value Available
Previous Owner $44,500 Credit Line Revolving
Previous Owner $125,000 New Conventional
Previous Owner $124,400 No Value Available
Source: Public Records

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Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1029453

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00040.0-0001.10