See Home Value
$600,000
● House - Off Market

1200 Magnolia Drive

Indialantic, FL 32903
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$3,619
Est. Monthly
3.16%
Cap Rate

About This Property

Situated in the sought-after SOFA District-just between Ocean and Fifth-this property presents a rare opportunity to either completely renovate or start anew with a custom build. The true value lies in the expansive land, surrounded by other custom estate homes on generous lots. Located just half a block from Orlando Park and a short stroll to the beach, it offers a peaceful, non-through street setting within a beautiful residential enclave. Enjoy close proximity to the Melbourne Causeway, as well as an array of shops and dining options, making this an ideal location to bring your vision to life. Whether you envision a modern coastal retreat or a timeless estate, this prime parcel offers endless potential in one of the area's most desirable neighborhoods. With its unbeatable combination of location, lot size, and surrounding custom homes, this is a rare chance to create something truly exceptional just moments from the sand, sea, and vibrant heart of the community.
Unit Size
1,500 Ft²
Days on Market
44 days
Land Size
0.44 acres
Price per sqft
$400
Property Type
House
Property Taxes
$672
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

Last updated: 7 months ago (Space Coast MLS #1046147)

Price History

Date / Event Date Event Price
Jun 27, 2025 Sold
Sold
May 14, 2025 Listed by Compass Florida LLC $600,000
Listed by Compass Florida LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 92
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 19,166
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 1,245
  • Total Building Area: 2,044
  • Gross Building Area: 2,044
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIALANTIC BY THE SEA
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: INDIALANTIC BY THE SEA S 1/2 OF LOT 17 & ALL LOT 16 BLK 69

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066200

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 327
  • Account Number: 2846709
  • Parcel: 28-38-06-ES-00069.0-0017.01
  • Block: 69
  • Lot: 17
  • Meridian: SEC 06 TWN 28S RNG 38E
  • Municipality: INDIALANTIC
  • Latitude: 28.0811
  • Longitude: -80.5724

    Address

  • Full Address: 1200 Magnolia Dr
  • Address - House Number: 1200
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Indialantic
  • Carrier Code: C003
  • 4-Digit Zip Code: 3556
  • Zip Code: 32903

Valuation

    Tax

  • Total Area: 1,885
  • Tax Year: 2022
  • Tax Amount: $684,734
  • Tax Rate Code Area: 54S0

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 641,532
  • High Value: 756,067
  • Low Value: 526,996

    Market Valuation

  • Market Total Value: $466,180

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $466,180
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Indialantic by The Sea


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Unit for rent at 20 Miami Avenue, Indialantic, FL, 32903

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Unit for rent at 1700 Atlantic Street, Melbourne Beach, FL, 32951

$2,150 /mo

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1700 Atlantic Street #1, Melbourne Beach, FL, 32951 Listing by Jody V Donnelly


Frequently Asked Questions

When was property at 1200 Magnolia Drive built and last sold?
The property at 1200 Magnolia Drive was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1200 Magnolia Drive is $0.
What are some comparable homes to 1200 Magnolia Drive?
There are currently no comparable homes to 1200 Magnolia Drive.