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$2,250,000

  • For Sale
  • Active
  • Triplex
  • 6 Beds
  • 6 Full Baths
  • 2 Partial Baths
  • 4,455 Sq. Ft.
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Legal short term rental Triplex along the Atlantic Ocean in the heart of the Indialantic Tourist District. Rare investment and lifestyle opportunity awaits at this one-of-a-kind property. Each of the three town homes is approx.1500 sq ft, fully furnished and turn-key. Each unit features 2 bedrooms, 2 full baths (2 of the units also have an additional 1/2 bath), private 1 car garage and private courtyard with hot tub, easily sleeps 6. As an established high-performing weekly rental, the property offers flexibility such as option to live in one unit while renting out the others, rent all three to maximize income,or use one unit as a seasonal retreat with built-in ROI. Perfect location walk/bike to unique restaurants, coffee shops, beach bars, grocery stores, Surf shops and boutiques.Only 65 miles from Disney World with an essentially no-turn drive straight on 1-92 making this one of the closest coastal accommodations to the Disney parks.Flexible tourist zoning allows for redevelopment a range of future uses-excellent long term redevelopment potential

Full Property Details for 312 Wave Crest Ave

General

  • Price: $2,250,000
  • Taxes: $15,415 (2023)
  • Status: Active
  • Type: Triplex
  • Source: BrevardCounty
  • MLS ID: 1055788
  • Updated: 9/22/2025
  • Added to Site: 140 day(s) ago

Interior

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Balcony, Courtyard, Fire Pit, Storm Shutters

Parking

  • Garage: Yes
  • Garage Spaces: 3

Location

  • Area: 384-Indialantic/Melbourne Beach
  • County: Brevard
  • Subdivision: Indialantic By The Sea
  • Driving Directions: East on 1-92 to the very end, turn right on Wavecrest, property on right
  • Direction Faces: East

School Information

  • Elementary School: Indialantic
  • Middle School: Hoover
  • High School: Melbourne

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Heat Pump
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete, Stucco
  • Stories/Levels: 2
  • Square Feet: 4,455
  • Living Area: 4,455 Sq. Ft.
  • Current Bldg. Use: Multi-Family
  • Year Built: 1979

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Beach, Ocean
  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,019
  • Fencing (Description): Back Yard, Fenced, Wood

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $505.05
  • Tax Amount: $15,415.8
  • Tax Year: 2023

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 27-38-31-Eo-00038.0-0015.00

Listed by Engel&Voelkers Melb Beachside

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— 312 Wave Crest Ave —

  • Engel&Voelkers Melb Beachside

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with our affiliated lender
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 312 Wave Crest Ave

School District:Brevard County School District
NameGradesDistance
Indialantic Elementary School
1050 Palm Avenue North, Indialantic, FL 32903
K-60.9 mi
Herbert C. Hoover Middle School
2000 Hawk Haven Drive, Indialantic, FL 32903
7-81 mi
Melbourne Senior High School
74 Bulldog Boulevard, Melbourne, FL 32901
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 312 Wave Crest Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/22/2025
Price Reduced
$2,250,000
-8.16%
MLS
8/29/2025
Listed
$2,450,000
—
MLS
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 312 Wave Crest Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,150
—
$917,280
—
2024
$16,147
5%
$917,280
4%
2023
$15,416
19%
$884,520
24%
2021
$12,983
-8%
$711,490
-22%
2022
$14,100
9%
$911,250
34%
2021
$12,983
22%
$677,600
18%
2018
$10,608
-6%
$575,000
-2%
2019
$11,237
18%
$585,640
12%
2017
$9,556
9%
$525,000
19%
2016
$8,732
1%
$440,000
5%
2015
$8,652
8%
$418,000
10%
2014
$8,005
3%
$380,000
6%
2013
$7,796
—
$357,500
—
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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Listed by Engel&Voelkers Melb Beachside

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312 Wavecrest Avenue, Indialantic, FL 32903 (MLS# 1055788) is a Triplex property with 6 bedrooms, 6 full bathrooms and 2 partial bathrooms. 312 Wavecrest Avenue is currently listed for $2,250,000 and was received on August 29, 2025. Want to learn more about 312 Wavecrest Avenue? Do you have questions about finding other Triplex real estate for sale in Indialantic? You can browse all Indialantic real estate or contact a Coldwell Banker agent to request more information.

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