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    312 Wavecrest Ave Indialantic, FL 32903

    For Sale
    $2,250,000

    Commercial Sale, Other - Indialantic, FL

    Type:Multi Family
    Property size:
    4,455 SF
    Lot size:
    0.23 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 312 Wavecrest Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    8
    APN
    27-38-31-Eo-00038.0-0015.00
    Parking features
    Garage
    Size
    4,455 SF
    Lot size
    0.23 Acres

    Utilities

    Water front features
    Ocean Access|Ocean Front

    Building Details

    Year built
    1979
    Flooring type
    Tile, Wood
    Architectural style
    Other

    Engel & Völkers Melbourne Beachside (321) 254-5275 [email protected]

    Listing agent Heather Boesch (321) 254-5275

    Listing date Oct 22, 2025

    MLS# 1056020 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indialantic Triplex: Short-Term Rental Ready

    This triplex is a legal short-term rental property located along the Atlantic Ocean in the Indialantic Tourist District. This property offers a rare investment and lifestyle opportunity. Each of the three townhomes is approximately 1500 square feet, fully furnished, and turn-key ready. Every unit features 2 bedrooms, 2 1/2 baths, a private 1-car garage, and a private courtyard with a hot tub, comfortably sleeping 6. As an established high-performing weekly rental, the property offers flexibility, such as the 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. The property is located 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. The Town of Indialantic Tourist zoning allows for a range of future uses and excellent long-term redevelopment potential. The property is situated on a 0.23-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indialantic
    County
    Brevard
    State
    Florida
    Longitude
    -80.565623
    Latitude
    28.090207

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    FAQs

    What type of property is this?
    Triplex - Turn-key triplex in Indialantic Tourist District, ideal for short-term rentals.
    Where is this triplex located?
    The property is located at 312 Wavecrest Ave Indialantic, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Legal short-term rental triplex directly on the Atlantic Ocean in the Indialantic Tourist District.; - Each unit is fully furnished and turn-key, with approximately 1500 sq ft, 2 bedrooms, 2.5 baths, private 1-car garage, and private courtyard with hot tub.; - Established high-performing weekly rental with flexibility to live in one unit and rent the others, rent all three, or use one as a seasonal retreat.
    (321) 254-5275
    Request Owner's contact information
    312 Wavecrest Ave Indialantic, FL 32903
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    Indialantic, FL 32903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    312 Wavecrest Ave Indialantic, FL 32903
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