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$2,200,000 Just Listed

  • For Sale
  • Active
  • Commercial
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Rare direct-oceanfront 5-unit motel in the heart of Indialantic's beachside tourist district. Opportunities like this almost never come to market. Operating for years as an established vacation rental, this boutique property offers 5 furnished units steps from the sand, private porches with ocean breezes, and a guest hot tub overlooking the Atlantic Ocean. Run it as a turnkey short-term rental, live in one unit and rent the others, or hold it as a long-term coastal land play. The property is in a tourist-oriented zoning district with flexible future uses. Buyers should verify permitted uses with the Town of Indialantic. Walk to Fifth Avenue dining and shops. About 20 minutes to Melbourne Orlando International Airport and about an hour to Orlando's theme parks.

Full Property Details for 612 Wave Crest Ave

General

  • Price: $2,200,000
  • Taxes: $9,164 (2025)
  • Status: Active
  • Type: Commercial
  • Source: BrevardCounty
  • MLS ID: 1089666
  • Updated: Today (10/9/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 5

Additional Information

  • Security/Safety: 24 Hour Security, Closed Circuit Camera(s)

Parking

  • Parking Features: Parking Lot

Location

  • Area: 384-Indialantic/Melbourne Beach
  • County: Brevard
  • Subdivision: Indialantic By The Sea
  • Driving Directions: When heading east on US192 make a right on hwy A1A then make a left on 8th ave right onto wave Crest and property will be on the right

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Electric

Utilities

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

Structural Information

  • Exterior Const.: Frame
  • Roof: Membrane
  • Stories/Levels: 2
  • Square Feet: 2,681
  • Sq. Ft. Source: Public Records
  • Living Area: 2,681 Sq. Ft.
  • Current Bldg. Use: Hotel/Motel
  • Year Built: 1952

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227.2
  • Lot Features: Cleared

Water Features

  • Water Front: Yes

Financial Considerations

  • Price Per Sq. Ft.: $820.59
  • Tax Amount: $9,164.19
  • Tax Year: 2025
  • Terms: Cash

Listed by Arium Real Estate, LLC

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Listing agent

— 612 Wave Crest Ave —

  • Arium Real Estate, LLC

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Be ready to buy your new home!

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 612 Wave Crest Ave

School District:Brevard County School District
NameGradesDistance
Indialantic Elementary School
1050 Palm Avenue North, Indialantic, FL 32903
K-61 mi
Herbert C. Hoover Middle School
2000 Hawk Haven Drive, Indialantic, FL 32903
7-81.1 mi
Melbourne Senior High School
74 Bulldog Boulevard, Melbourne, FL 32901
9-123.4 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 612 Wave Crest Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2026
Listed
$2,200,000
3420%
MLS
2/19/2019
Sold
$62,500
—
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 612 Wave Crest Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,448
2%
$538,720
-1%
2025
$9,297
6%
$544,650
2%
2024
$8,736
8%
$534,560
8%
2023
$8,095
20%
$496,850
25%
2021
$6,760
-4%
$396,020
-12%
2022
$7,064
4%
$451,640
-3%
2021
$6,760
10%
$465,900
59%
2019
$6,170
7%
$292,820
-17%
2018
$5,757
23%
$354,260
46%
2017
$4,676
—
$242,000
3%
2016
$4,691
1%
$235,000
5%
2015
$4,635
6%
$223,000
8%
2014
$4,366
1%
$206,000
3%
2013
$4,331
—
$200,000
—
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 Arium Real Estate, LLC

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612 Wave Crest Avenue, Indialantic, FL 32903 (MLS# 1089666) is a Commercial property. 612 Wave Crest Avenue is currently listed for $2,200,000 and was received on October 09, 2026. Want to learn more about 612 Wave Crest Avenue? Do you have questions about finding other Commercial 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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