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$474,953
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Property Description
Penthouse living on Florida's Space Coast - where the views are as big as the rockets. This 3-bed, 2-bath top-floor unit at Island Pointe delivers 2,048 SF of Intracoastal Waterway views, an open chef's kitchen with granite counters and Fisher-Paykel appliances, and a deep covered balcony perfect for dolphin watching and rocket launches. LVP flooring, fresh designer paint - move-in ready. Private garage, two pools, fitness center, sauna, tennis, riverfront boardwalk, and guard-gated security. HOA covers cable, water, sewer, and insurance. Minutes from Patrick Space Force Base, NASA, Cocoa Village, and the cruise port. Under one hour to Orlando International Airport. Ideal for relocating professionals joining Florida's fastest-growing employment corridor.
Full Property Details
Full Property Details for 480 Sail Ln #705
General
- Price: $474,953
- HOA FEE: $1,236/month
- Taxes: $5,159 (2025)
- Status: Active
- Type: Condo
- Source: Regional
- MLS ID: R11153174
- Updated: 4/20/2026
- Added to Site: 108 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Breakfast Area, Bathtub, Dual Sinks, Kitchen Island, 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, Washer Dryer Install Allowed
Additional Information
- Shared Amenities: Basketball Court, Clubhouse, Elevator(s), Fitness Center, Library, Management, 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
- Attached garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Attached, Covered, Garage, Garage Door Opener
Location
- County: Brevard
- Subdivision: ISLAND POINTE CONDO PH 1A
- Direction Faces: Southeast
School Information
- Middle School: Thomas Jefferson
Community
- Community Name: 6371 - Brevard County (E of IR)
- Association: Yes
- Assoc. Fees Include: Common Areas, Cable TV, Insurance, Recreation Facilities, Sewer, Security, Trash, Water
- Pets Allowed: Yes
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
- Structure Type: Multi Family
- Construction: Concrete, Stucco
- Roof: Other
- Stories/Levels: 7
- Building Size: 2048
- Square Feet: 2,048
- Sq. Ft. Source: Assessor
- Living Area: 2,048 Sq. Ft.
- Year Built: 2004
- Property Condition: Resale
Lot Features
- Property View: Intercoastal, River
- Zoning: RES
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Intracoastal Access, River Front
- Water Front View: Intracoastal Access, River Front
Financial Considerations
- Association Fee: $1,236
- Assoc Fee Freq.: Monthly
- Tax Amount: $5,159.02
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- 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: 2436350000253
Listed by One Sotheby's Int'l Realty
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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 480 Sail Ln #705
Date
Details
Price
Change
Source
4/20/2026
Price Reduced
$474,953
-11.22%
MLS
2/23/2026
Price Reduced
$534,953
-3.6%
MLS
1/09/2026
Listed
$554,953
5.71%
MLS
2/25/2022
Sold
$525,000
—
Public Record
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
Tax History for 480 Sail Ln #705
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,435
-24%
$370,390
-16%
2024
$5,815
—
$440,500
2%
2023
$5,828
24%
$430,150
35%
2021
$4,685
-9%
$318,980
-18%
2022
$5,164
10%
$390,930
14%
2021
$4,685
-1%
$343,390
10%
2019
$4,730
7%
$312,610
3%
2018
$4,402
-1%
$302,900
-4%
2017
$4,458
4%
$316,850
9%
2016
$4,286
6%
$291,090
47%
2015
$4,043
10%
$198,310
10%
2014
$3,685
4%
$180,290
10%
2013
$3,528
—
$163,900
—
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
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 $474,953 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.

