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Indialantic 32903 Indialantic by The Sea
1406 S Riverside Drive
$3,500,000
● House - Off Market

1406 S Riverside Drive

Indialantic, FL 32903
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
5,763 Ft²
$17,186
Est. Monthly

About This Property

For Comp Purposes only.  Magnificent waterfront estate. Gated Spanish Colonial home on one of the largest Riverfront lots on Riverside Drive.
Unit Size
5,763 Ft²
Days on Market
-
Land Size
1.70 acres
Price per sqft
$607
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (Space Coast MLS #1029767)

Price History

Date / Event Date Event Price
Nov 15, 2024 Listed by One Sotheby's International $3,500,000
Listed by One Sotheby's International
Aug 3, 2011 Sold
Premium
Sold
Dec 31, 1997 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 26
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 625
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 198

    Dimensions

  • Lot Size Square Feet: 74,052
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 7,844
  • Gross Building Area: 7,844
  • Building Area: 5,763
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 5,763
  • 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: 0000001700
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: INDIALANTIC BY THE SEA LOT 18 BLK 67

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 327
  • Account Number: 2816751
  • Parcel: 28-37-01-ES-00067.0-0018.00
  • Block: 67
  • Lot: 18
  • Meridian: SEC 01 TWN 28S RNG 37E
  • Municipality: INDIALANTIC
  • Latitude: 28.0782
  • Longitude: -80.5753

    Address

  • Full Address: 1406 S Riverside Dr
  • Address - House Number: 1406
  • Street Direction: S
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Indialantic
  • Carrier Code: C003
  • 4-Digit Zip Code: 3555
  • Zip Code: 32903

Valuation

    Tax

  • Total Area: 3,894
  • Tax Year: 2022
  • Tax Amount: $2,255,933
  • Tax Rate Code Area: 54S0

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 3,359,294
  • High Value: 4,826,712
  • Low Value: 1,891,875

    Market Valuation

  • Market Total Value: $2,224,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,371,440

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 29, 2011
  • Current Sale Recording Date: Aug 03, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011138157
  • Previous Sale Recording Date: Dec 31, 1997
  • Previous Sale Contract Date: Dec 23, 1997
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Indialantic by The Sea

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$376

Below Asking

0.03%

Average Days on Market

69

Average Home Size

1914 ft²

Average Home Age

40.7 years

Currently For Sale

32 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 50 11th Avenue, Indialantic, FL, 32903

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,198 ft²
50 11th Avenue #302, Indialantic, FL, 32903 Listing by Sharyl Tabat
Unit for rent at 2059 Barracuda Avenue, Melbourne Beach, FL, 32951

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
2059 Barracuda Avenue, Melbourne Beach, FL, 32951 Listing by Jennifer Grimes
Unit for rent at 995 N Highway A1a, Indialantic, FL, 32903

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,234 ft²
995 N Highway A1a #308, Indialantic, FL, 32903 Listing by Michelle L Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Stephanie Moss Dandridge, One Sotheby's International
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1029767
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1406 South Riverside Drive built and last sold?
The property at 1406 South Riverside Drive was built in 1960 and last sold on Jul 29, 2011 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 1406 South Riverside Drive is $0.
What are some comparable homes to 1406 South Riverside Drive?
There are currently no comparable homes to 1406 South Riverside Drive.
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