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$554,953
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Property Description
In a class of its own, this spectacular penthouse commands views across the Intracoastal from sunrise to sunset. Elegant residence with over 2,000 s/f of beautifully maintained interiors, featuring neutral LVP flooring, marble-look entry tile, and fresh designer paint. This timeless foundation is move-in ready, with plenty of room in the budget for a new owner's personal vision. The spacious kitchen offers 42'' cherry cabinetry, granite counters, task lighting, stainless appliances, and Fisher-Paykel dishwasher drawers. The serene owner's suite opens to a covered porch where dolphins glide below and rocket launches illuminate the sky. Tons of storage space within the unit and the private one-car garage on the first level. Resort-style amenities include two pools, fitness, sauna, tennis, and riverfront boardwalk. Mere minutes to beaches, oceanside and riverfront dining, and shopping. Come live the island life!
Full Property Details
Full Property Details for 480 Sail Ln #705
General
- Price: $554,953
- HOA FEE: $1,236
- Taxes: $5,159 (2025)
- Status: Active
- Type: Condo
- Source: Regional
- MLS ID: R11153174
- Updated: 1/22/2026
Property History
- 480 Sail Ln #705, Merritt Island, FL
- Listed $554,953 on 1/9/26
Interior
- Number of Rooms: 9
- Interior Features: Breakfast Area, Bathtub, Dual Sinks, Living/Dining Room, Pantry, Split Bedrooms, Soaking Tub, Separate Shower, Walk-In Closet(s)
- Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
- Flooring: Ceramic Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: Inside, Laundry Tub
Additional Information
- Shared Amenities: Basketball Court, Clubhouse, Elevator(s), Fitness Center, Library, Pool, Recreation Facilities, Tennis Court(s)
- Pool: Yes
- Pool Description: Association
- Security/Safety: Security System, Gated with Guard, Gated Community, Phone Entry
Exterior
- Exterior Features: Balcony, Outdoor Living Area
- Porch/Patio/Deck: Covered, Porch, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: Garage, Garage Door Opener
Location
- County: Brevard
- Subdivision: ISLAND POINTE CONDO PH 1A
- Direction Faces: Southeast
Community
- Community Name: 5940 - Other Florida County
- Association: Yes
- Assoc. Fees Include: Common Areas, Cable TV, Insurance, Recreation Facilities, Sewer, Security, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Sewer Available, Water Available
Structural Information
- Construction: Concrete, Stucco
- Roof: Other
- Stories/Levels: 7
- Building Size: 2048
- Square Feet: 2,048
- Living Area: 2,048 Sq. Ft.
- Year Built: 2004
- Property Condition: Resale
Lot Features
- Property View: Intercoastal, River
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Features: 1/4 Acre
- Zoning: RES
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Intracoastal Access, River Access
- Water Front View: Intracoastal Access, River Access
Financial Considerations
- Association Fee: $1,236
- Tax Amount: $5,159.02
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: ISLAND POINTE CONDO PH 1A UNIT 705 ISLAND POINTE CONDO PHASE IA AS DESC IN ORB 5374 PG 2577 AND ALL AMENDMENTS THERETO
- Property ID: 24 36350000253u
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Schools
Schools serving 480 Sail Ln #705
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Mila Elementary School 288 West Merritt Avenue, Merritt Island, FL 32953 | PK-6 | 0.4 mi |
Merritt Island High School 100 Mustang Way, Merritt Island, FL 32953 | 9-12 | 1.4 mi |
Thomas Jefferson Middle School, Merritt Island, FL 1275 South Courtenay Parkway, Merritt Island, FL 32952 | 7-8 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 480 Sail Ln #705
480 Sail Lane #705, Merritt Island, FL 32953 (MLS# R11153174) is a Condo property with 3 bedrooms and 2 full bathrooms. 480 Sail Lane #705 is currently listed for $554,953 and was received on January 10, 2026. Want to learn more about 480 Sail Lane #705? Do you have questions about finding other Condo real estate for sale in Merritt Island? You can browse all Merritt Island real estate or contact a Coldwell Banker agent to request more information.

