$950,000
●
Condo -
Off Market
297 Highway A1a Highway #511
Satellite Beach, FL 32937
3 Beds
2 Baths
1,970 Ft²
$6,130
Est. Monthly
$750
HOA / Fees
1.52%
Cap Rate
About This Property
Newly remodeled PENTHOUSE with sweeping panoramic views-this is
your front-row seat to every rocket launch on the Space Coast! From
the primary suite, living room, and expansive wraparound balcony,
the views are simply unmatched. No detail was overlooked in this
one-of-a-kind, one-owner unit, which comes mostly furnished with
nearly all-new designer pieces (only a few select items will be
excluded). Enjoy a modern kitchen with a statement waterfall
island, wide-plank flooring throughout, fully renovated bathrooms,
impact windows, and motorized hurricane shutters for added peace of
mind. Stylish, turnkey, and truly like no other-this walk-in-ready
penthouse is a must-see.
Unit Size
1,970 Ft²
Days on Market
34 days
Land Size
0.08 acres
Price per sqft
$492
Property Type
Condo
Property Taxes
$621
HOA Dues
$750
Year Built
-
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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: 3 months ago (Space Coast MLS #1053766)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Listed by Compass Florida, LLC | $969,000 | |
| Listed by Compass Florida, LLC | |||
| Mar 25, 2025 | Listed | $985,000 | |
| Listed | |||
| | |||
|
Rare One Owner Penthouse In Silver Sands w/ Breathtaking Panoramic Ocean & Rocket Launch Views. This 5th-Floor, 3-Bed, 2-Bath 1,970 Sq Ft Unit Is A ''Must See'' w/ An Amazing Recent Remodel Offering The Best Of Modern Coastal Living. The Upgrades Include Impact-Rated Windows, Sliders & New Remote Control/Electric Shutters. The Gourmet Kitchen Boasts Crisp White Soft-Close Cabinets, Quartz Counters w/ A Waterfall Island, LG Appliances, Wine Cooler & Wide Plank Flooring Throughout. The Primary Suite Features A Remodeled Bath w/ Custom Vanity, LED Backlit Mirrors, Frameless Glass Shower & Built-In Closet. The Guest Bath Is Updated w/ Subway Tile & Frameless Glass Enclosure. Spacious Split Floor Plan, Light-Filled Interiors, & Unmatched Views. With A Community Pool, Clubhouse & Private Beach Access, This Is A Rare Opportunity In A Premier Oceanfront Community. The HOA Is Well Managed, Ensuring The Property Is Maintained To The Highest Standard & Owners Can Enjoy A Worry-Free Lifestyle.
| |||
Property Highlights
Elevator
Parking Available
Garage
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener, Underground
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, His and Hers Closets, Kitchen Island, Open Floorplan, Smart Thermostat, Walk-In Closet(s), Primary Bathroom - Shower No Tub, Split Bedrooms
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Cooler
Flooring Type: Vinyl
Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup
Exterior Details
Has Property Attached
Square Footage: 1970
Square Footage Source: $0
Security Features: Closed Circuit Camera(s), Fire Alarm, Key Card Entry, Security System Owned
Property Condition: Updated/Remodeled
Year Built: 1988
Waterfront Features: Ocean Front, Beach Access
Waterbody Name: Atlantic Ocean
Levels: One
Construction Materials: Concrete
Lot Features: Few Trees
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Lot Size Square Feet: 3485
Water Source: Public
Financial Details
Tax Annual Amount: $7,456
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
HOA/Condo/Coop Amenities: Beach Access, Cable TV, Clubhouse, Elevator(s), Maintenance Grounds, Management, Pool, Storage, Trash, Water
HOA Fee: $750
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/06/2025
|
3 Bed
|
2 Bath
|
1970 ft²
|
$969,000
3 Bed
2 Bath
1970 ft²
|
$950,000
-1.96%
09/09/2025
|
Kristin Lindbaek
RE/MAX Elite
| |
|
03/29/2020
|
2 Bed
|
2 Bath
|
1627 ft²
|
$389,000
2 Bed
2 Bath
1627 ft²
|
$369,200
-5.09%
06/26/2020
|
Thomas Taranto
Keller Williams Realty Brevard
| |
|
02/07/2014
|
2 Bed
|
2 Bath
|
1627 ft²
|
$287,000
2 Bed
2 Bath
1627 ft²
|
$265,000
-7.67%
08/01/2014
|
Grayling Oates
Engel & Voelkers New Smyrna
| |
|
10/10/2013
| |
2 Bed
|
2 Bath
|
-
|
$319,000
2 Bed
2 Bath
|
$285,000
-10.66%
11/19/2013
|
John Kent
Better Homes & Gardens RE Star
|
Building Info
About Brevard
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Listed by: Kristin W Lindbaek, Compass Florida, LLC
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1053766
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.
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1053766
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