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Off market
  • $472,700

    500 Sail Ln APT 501, Merritt Island, FL 32953

    3beds
    2,470sqft
    Condo
    Built in 2005
    -- sqft lot
    $472,700 Zestimate®
    $191/sqft
    $3,125 Estimated rent

    Home value

    $472,700

    $425,000 - $520,000

    $3,125/mo

    Zestimate® history
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    What's special

    This is an ideal opportunity for the new owner to update this unit to their personal taste, if one chooses to update it. Spacious master suite with two walk-in closets, a spa tub, separate shower, his and hers vanities. Huge living space and wrap around balcony with electric storm shutters. Complex amenities include 2 heated pools and spas, basketball and tennis courts, sauna, exercise room, and recreation center. This unit is a south end unit and has one of the best panoramic views of the Indian River. From the balcony, you have full, unobstructed view of the Indian River and Cocoa, from the Beachline down to the Pineda Causeway. Only the six south end units in Building 500 provides this unobstructed view; other units only provide partial River views or views of other buildings. In the winter months, watch the sun rise and set over the Indian River and there's plenty of natural sunlight in this unit. Watch the July 4th fireworks at Cocoa Village from the comfort of your balcony or living room. This unit has an exterior garage (not under the building) and is the only garage in Island Pointe with additional storage area (approx. 5 feet by 15 feet). No Realtors please.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Hardwood
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,470 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached, Off-street
    Features
    • Exterior features: Stucco, Cement / Concrete
    • Has spa: Yes
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 1,307 Square Feet
    Details
    • Parcel number: 24363534151

    Construction

    Type & style
    • Home type: Condo
    Materials
    • masonry
    • Roof: Metal
    Condition
    • Year built: 2005

    Community & HOA

    Community
    • Features: Fitness Center
    HOA
    • Has HOA: Yes
    • HOA fee: $625 monthly
    Location
    • Region: Merritt Island

    Financial & listing details

    • Price per square foot: $191/sqft
    • Tax assessed value: $412,300
    • Annual tax amount: $5,756

    Price history

    DateEventPrice
    7/21/2010Sold$265,000-62.7%$107/sqft
    Source: Public Record Report a problem
    8/10/2005Sold$710,900$288/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,756 -10.6%$412,300 -15.4%
    2024$6,440 +0.7%$487,310 +1.4%
    2023$6,397 +15%$480,540 +14.7%
    2022$5,561 +62.2%$419,060 +63.5%
    2021$3,428 +1.8%$256,260 +1.4%
    2020$3,367 +1%$252,730 +2.3%
    2019$3,335 $247,050 +1.9%
    2018$3,335 -0.3%$242,450 +2.1%
    2017$3,346 -1.1%$237,470 +2.1%
    2016$3,382 -1.8%$232,590 +0.7%
    2015$3,445 -3.8%$230,980 +0.8%
    2014$3,582 $229,150 -14.2%
    2013-- $267,000
    2012$3,258 +0.4%--
    2011$3,245 -37.6%--
    2010$5,201 -15.1%--
    2009$6,124 -21.1%--
    2008$7,762 -8.9%--
    2007$8,524 --
    Find assessor info on the county website

    Neighborhood: 32953

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $472,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $472,700