tomo logo

$659,953

Beds
3
Baths
2.0
sq ft
2,048

480 Sail Ln Unit 705, Merritt Island, FL 32953

480 Sail Ln Unit 705

Merritt Island, FL 32953

  • 2 days on market
Spectacular penthouse views across the Intracoastal span from sunrise to sunset. Beautifully appointed home incorporates over 2,000 s/f of luxe finishes including neutral LVP flooring throughout, marble-look entry tile, and fresh interior paint. Spacious kitchen features high-end cherry cabinetry with granite counters, task lighting, stainless steel appliance suite and Fisher-Paykel dishwasher drawers. Airy owner's suite opens to covered porch where you can watch dolphin below and space launches above. This is truly paradise! Rich resort-style amenities to pamper yourself including swimming, fitness, sauna, tennis, and more. Stroll the riverfront boardwalk, indulge yourself with the Island Pointe lifestyle. Minutes to shopping, dining and beaches.

Details

Property type

Condominium

Est. home value

$546,574

Lot size

2,178 sq ft

Price per sq ft

$323

Year built

2004

Annual property taxes

$5,815.37

Monthly HOA fee

$1,235.81

Price History

03/29/2025
BrevardMLS

BrevardMLS #1041617

Listed
$659,953
+25.71%
02/25/2022
StellarMLS

StellarMLS #O5991719

Sold
$525,000
+19.32%
05/28/2021
BrevardMLS

BrevardMLS #903684

Sold
$440,000
+23.94%

Schools & Community

Elementary school: 

Mila

Middle school: 

Jefferson

High school: 

Merritt Island

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$359,165
Asking price
$659,953
Closing costs (~8% of asking)
-$52,796
Est. remaining loan balance
-$247,992
Cash to seller
$359,165

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2022

Original loan amount

$265,000

Est. remaining balance

$247,992

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

David Neil Johnson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 9:05 AM

Listing updated: 03/30/2025 at 1:06 PM

Listed by: Michelle Farr, One Sotheby's International Phone #: (772) 222-5215

MLS: BrevardMLS #1041617

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