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$649,000 -$50,000 (-7.15%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,260 Sq. Ft.
  • Updated 5 days ago
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Escape to VIP Island, a one-of-a-kind waterfront community only accessible by boat! This two-story island retreat sits on a double lot with 100 feet of water frontage, private dock, and seawall, ideal for fishing, kayaking, or watching dolphins glide by. Relax in your hammock on the large covered patio or enjoy sunrise and rocket launches from the upstairs balcony. The home offers a private guest suite downstairs with full bath, and upstairs an open kitchen, dining, and living area with vaulted ceilings, two bedrooms, a full bath, and a spacious loft with endless possibilities. Entertain under the outdoor gazebo or plan your future resort-style pool with room to spare. Just 5 miles south to ocean access through Sebastian Inlet and 15 minutes by boat to an uncrowded beach. Whether a weekend escape or full-time home, this is Florida island living made simple. Schedule your private island tour today!

Full Property Details for 42 Vip Is #A

General

  • Price: $649,000
  • Taxes: $5,136 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrevardCounty
  • MLS ID: 1065644
  • Updated: 3/26/2026
  • Added to Site: 100 day(s) ago

Interior

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

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: In Unit, Lower Level

Exterior

  • Exterior Features: Balcony, Dock, Outdoor Kitchen, Outdoor Shower
  • Porch/Patio/Deck: Covered, Deck, Front Porch, Patio, 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: North

School Information

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

Community

  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Split System
  • Heating Type: Electric, Zoned
  • Water Heater: Electric

Utilities

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

Lot Features

  • Property View: Canal, River, Water, Intracoastal
  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,325.6
  • Lot Dimensions: 100 x 100
  • Frontage: Other
  • Lot Features: Cleared, Few Trees, Split Possible
  • Fencing (Description): Chain Link, Fenced

Water Features

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

Financial Considerations

  • Price Per Sq. Ft.: $515.08
  • Tax Amount: $5,136.37
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 29-38-27-50-A-42

Listed by 1st Look Realty Inc.

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Listing agents

— 42 Vip Is #A —

  • 1st Look Realty Inc.

  • 1st Look Realty Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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
3/26/2026
Price Reduced
$649,000
-7.15%
MLS
12/22/2025
Listed
$699,000
21.57%
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
$4,573
-12%
$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.

Estimate the Cost for 42 Vip Is #A

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Listed by 1st Look Realty Inc.

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42 Vip Island Unit A, Grant-Valkaria, FL 32949 (MLS# 1065644) is a Single Family property with 3 bedrooms and 2 full bathrooms. 42 Vip Island Unit A is currently listed for $649,000 and was received on December 22, 2025. Want to learn more about 42 Vip Island Unit 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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