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$499,000 -$175,000 (-25.96%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1,260 Sq. Ft.
  • Updated 3 days ago
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''GREAT VACATION/SECOND HOME'' opportunity! Beautifully upgraded island cottage situated on a large double lot and being sold fully furnished--including boat! This private piece of paradise offers approximately 1,500 total living sq ft, including a first-level guest suite under air with bedroom, full bath, and laundry room. Recent upgrades include a new aerobic septic system, water filtration system for added peace of mind, and an updated second-floor bathroom. Enjoy privacy with boat-only access to this unique community. Property features high ceilings, hard flooring, fireplace, tasteful landscaping, private dock, seawall, and a tiki bar complete with electricity and plumbing--perfect for entertaining. Located just 4 miles from Sebastian Inlet for world-class fishing, boating, and beach access. Second lot offers potential to build an additional home. Both lots sold together only. Don't miss this rare island retreat!

Full Property Details for 42 Vip Is #A

General

  • Price: $499,000
  • Taxes: $5,350 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrevardCounty
  • MLS ID: 1077502
  • Updated: 8/12/2026
  • Added to Site: 92 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Eat-in Kitchen, Guest Suite, Kitchen Island, Primary Bathroom - Shower No Tub, Vaulted Ceiling(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Unit, Lower Level

Exterior

  • Exterior Features: Balcony, Dock, Fire Pit, Outdoor Kitchen, Outdoor Shower, Storm Shutters
  • Porch/Patio/Deck: Covered, Deck, Front Porch, Patio, Side Porch

Parking

  • Parking Features: Other

Location

  • Area: 342 - Malabar/Grant-Valkaria
  • County: Brevard
  • Subdivision: V I P Vacation Island Playground Sec 1
  • Driving Directions: From North: Exit I-95 at Exit 173 onto Malabar Road. Head east on Malabar Road for approximately 3.5 miles until you reach US-1. Turn right (south) onto US-1 and continue for about 5 miles. Turn left (east) onto 1st Street. Park at lot and walk to the dock for your pre-arranged pick up.
  • Direction Faces: East

School Information

  • Elementary School: Sunrise
  • Middle School: Stone
  • High School: Bayside

Community

  • Pets Allowed: Yes
  • Pet Restrictions: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Split System
  • Heating Type: None
  • Water Heater: Electric

Utilities

  • Sewer: Aerobic Septic
  • Water: Well
  • Well: Yes
  • Utility Description: Electricity Connected, Water Connected

Structural Information

  • Architectural Style: A-Frame
  • Exterior Const.: Fiber Cement
  • Roof: Metal
  • Stories/Levels: 2
  • Square Feet: 1,260
  • Living Area: 1,260 Sq. Ft.
  • Current Bldg. Use: Residential, Single Family
  • Year Built: 1998
  • Property Condition: Updated/Remodeled

Additional Structures

  • Other Structures: Gazebo, Outdoor Kitchen, Workshop

Lot Features

  • Property View: Canal, River, Water, Intracoastal
  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,326
  • Frontage: None
  • Lot Features: Cleared, Few Trees, Split Possible
  • Fencing (Description): Chain Link, Fenced, Wood

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Canal Navigational to Indian River

Financial Considerations

  • Price Per Sq. Ft.: $396.03
  • Tax Amount: $5,350.39
  • Tax Year: 2025
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 29-38-27-50-0000a.0-0042.00

Listed by Real Broker, LLC

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— 42 Vip Is #A —

  • Real Broker, LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 42 Vip Is #A

School District:Brevard County School District
NameGradesDistance
Sunrise Elementary School, Palm Bay, FL
1651 Mara Loma Blvd Se, Palm Bay, FL 32909
PK-66.7 mi
Stone Magnet Middle School
1101 East University Boulevard, Melbourne, FL 32901
7-810.7 mi
Bayside High School
1901 Degroodt Road Southwest, Palm Bay, FL 32908
9-129.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 42 Vip Is #A Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/12/2026
Price Reduced
$499,000
-25.96%
MLS
5/15/2026
Listed
$674,000
17.22%
MLS
8/25/2023
Sold
$575,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 42 Vip Is #A

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,350
3%
$347,260
—
2024
$5,179
—
$347,390
—
2023
$5,197
27%
$346,670
8%
2022
$4,088
146%
$319,640
101%
2021
$1,661
-23%
$158,920
1%
2021
$2,152
5%
$156,730
4%
2018
$2,058
-1%
$150,360
-2%
2019
$2,089
1%
$153,210
4%
2017
$2,064
-22%
$147,270
5%
2016
$2,660
107%
$140,420
51%
2015
$1,283
—
$92,890
1%
2014
$1,282
-1%
$92,160
1%
2013
$1,297
—
$91,520
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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42 Vip Island #A, Grant-Valkaria, FL 32949 (MLS# 1077502) is a Single Family property with 4 bedrooms and 2 full bathrooms. 42 Vip Island #A is currently listed for $499,000 and was received on May 15, 2026. Want to learn more about 42 Vip Island #A? Do you have questions about finding other Single Family real estate for sale in Grant-Valkaria? You can browse all Grant-Valkaria real estate or contact a Coldwell Banker agent to request more information.

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