Indialantic, Florida

Brevard County Real Estate - Indialantic

Indialantic is a town in Brevard County Florida, named for its location between the Indian River Lagoon and the Atlantic ocean. The town is on a barrier island stretching from Cape Canaveral to the Sebastian Inlet, connected to the Melbourne by the Melbourne Causeway. The two cities were originally connected by a wooden bridge, built by Ernest Kouven-Hoven in 1921. The bridge was replaced by a drawbridge in 1947 and by the modern causeway in 1985.

Indialantic is in East Central Florida. It's population as recorded in the 2010 Census was 2,720. Indialantic is approximately 58 miles from Orlando (population 238,300) and around 57 miles from Port Saint Lucie (population 164,603).

The median age for residents of Indialantic is 49.9. Around 19.7% of Indialantic households include school aged children and 35.1% of households include individuals aged 65 years or over. Census records indicate 94.6% of the Indialantic population are White, .4% are Black or African American, .1% American Indian, 1.6% Asian and 2% are Two or more Races.

There are 1,584 housing units in Indialantic. 293 (18.4%) of these were reported as vacant in the 2010 Census. Indialantic is a tourist destination, 35.4% (104) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 390 residential rental units in Indialantic. 294 of them were occupied in 2010 providing a residential rental vacancy rate of 23.6%.

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Indialantic Real Estate

There are 7,370 properties in Indialantic. The following table shows a summary of them based on 2014 sales data.

Indialantic Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 23 0.31 0n/an/an/an/a
Hotel & Motel 19 0.26 0n/an/an/an/a
Miscellaneous Property 1 0.01 0n/an/an/an/a
Mobile/Manufactured 111 1.51 0n/an/an/an/a
Multifamily 326 4.42 16 $245,000 $117January 1st, 2014August 1st, 2014
Office 79 1.07 1 $305,100 $148June 1st, 2014June 1st, 2014
Residential 6,615 89.76 301 $234,000 $136January 1st, 2014August 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 183 2.48 2 $244,450 $96May 1st, 2014June 1st, 2014
Special Purpose 11 0.15 0n/an/an/an/a
Sports & Entertaining 2 0.03 0n/an/an/an/a

Commercial Real Estate in Indialantic, Florida

0( .00%) of the properties in Indialantic are classified as Commercial.

Government Real Estate in Indialantic, Florida

23( .31%) of the properties in Indialantic are classified as Government.

Hotel & Motel Real Estate in Indialantic, Florida

19( .26%) of the properties in Indialantic are classified as Hotel & Motel.

Miscellaneous Real Estate in Indialantic, Florida

1( .01%) of the properties in Indialantic are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Indialantic, Florida

111( 1.51%) of the properties in Indialantic are classified as Mobile/Manufactured.

Multifamily Real Estate in Indialantic, Florida

326( 4.42%) of the properties in Indialantic are classified as Multifamily. 16 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $4,414,900. The median sales price was $245,000. In 2014 the median sales price for Multifamily in Indialantic was $117 per sq ft.

Office Real Estate in Indialantic, Florida

79( 1.07%) of the properties in Indialantic are classified as Office. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $305,100. The median sales price was $305,100. In 2014 the median sales price for Office in Indialantic was $148 per sq ft.

Residential Real Estate in Indialantic, Florida

6,615( 89.76%) of the properties in Indialantic are classified as Residential. 301 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $80,803,900. The median sales price was $234,000. In 2014 the median sales price for A Class Residential in Indialantic was $207 per sq ft, B Class properties sold for $136/ft and C Class $84/ft.

Residential Real Estate in Indialantic, Florida

0( .00%) of the properties in Indialantic are classified as Residential.

Retail Real Estate in Indialantic, Florida

183( 2.48%) of the properties in Indialantic are classified as Retail. 2 of them sold between May 1st, 2014 and June 1st, 2014. The total value of these sales was $488,900. The median sales price was $244,450. In 2014 the median sales price for Retail in Indialantic was $96 per sq ft.

Special Purpose Real Estate in Indialantic, Florida

11( .15%) of the properties in Indialantic are classified as Special Purpose.

Sports & Entertaining Real Estate in Indialantic, Florida

2( .03%) of the properties in Indialantic are classified as Sports & Entertaining.

Indialantic, Brevard County Market Data

Indialantic Real Estate
Property UsageProperty CountTotal Sq Ft
Government Property 22 488,008
Hotel & Motel 16 659,772
Land 297 758,909
Miscellaneous Property 1 448
Multifamily 273 8,964,290
Office 65 280,734
Residential 6,503 12,156,953
Retail 158 3,156,335
Special Purpose 11 1,066,709
Sports & Entertaining 2 8,798

Indialantic Median Property Values per Sq Ft

Indialantic Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Church 2016 $212$24 $99$12 $44$7
Club, lodge or union hall 2016 $212$24 $99$12 $44$7
Condominium 2016 $270$16 $177$16 $108$16
Condominium Unit 2016 $202$16 $110$16 $62$16
County Owned 2016 $212$30 $99$15 $44$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $212$21 $99$15 $44$12
Government Undefined 2016 $212$30 $99$15 $44$7
Hotel or motel 2016 $212$33 $99$33 $44$33
Mixed use - store and office or store and residential or residential combination 2016 $124$21 $59$15 $59$12
Multi-family - 10 units or more 2016 $208$19 $158$16 $123$12
Multi-family - less than 10 units 2016 $124$19 $59$16 $59$12
Municipal Owned 2016 $212$30 $99$15 $44$7
Nightclub, cocktail lounge or bar 2016 $212$37 $99$17 $44$7
Office building, non-professional service building, multi-story 2016 $124$23 $59$17 $59$13
Office building, non-professional service building, one story 2016 $124$23 $59$17 $59$13
Professional service building 2016 $124$23 $59$17 $59$13
Public county school 2016 $212$30 $99$15 $44$7
Race track: horse, auto or dog 2016 $212$37 $99$17 $44$7
Repair service shop (excluding automotive) 2016 $212$21 $99$15 $44$12
Restaurant, cafeteria 2016 $124$21 $59$15 $59$12
Service station 2016 $212$21 $99$15 $44$12
Single Family 2016 $208$16 $158$16 $123$16
Single Family Residence 2016 $202$16 $110$16 $62$16
State Owned 2016 $212$30 $99$15 $44$7
Store, one story 2016 $124$21 $59$15 $59$12
Supermarket 2016 $124$21 $59$15 $59$12
Undefined - Reserved for Use by Department of Revenue 2016 $124$16 $59$16 $59$16
Utility 2016 $212$42 $99$15 $44$6