Oceanfront Penthouse for sale or exchange

Spectacular oceanfront penthouse located in the town of Indialantic, on the eastern 'Space Coast' of central Florida.  Available for permanent exchange, outright sale, fractional ownership, or lease/purchase.

Comprising the top two floors of the building's south side, the penthouse has commanding views of the Atlantic Ocean to the east and of the Intra-coastal Waterway that separates the island from the mainland to the west. 

*Unique private roof terrace is approximately 1300 square feet
*4 bedrooms & 3 full bathrooms
*3300 square feet of living space on 2 levels
*The main living room has soaring 2 story views overlooking the ocean
*Modern kitchen with granite counter-tops and stainless steel appliances
*Huge Master suite with 3 cedar lined closets and built-in clothes storage and beautiful ocean views
*Recently renovated Master Bathroom is overly spacious with dual vanities, huge Jacuzzi tub and relaxing rain-shower
*The other upstairs bedroom has a private bathroom with roof terrace access and 180 degree views
*2 downstairs bedrooms share a renovated full bathroom with glass shower
*The main living area has 20 foot ceilings with a fireplace
*There are 2 levels of ocean front balconies connected by a private outdoor spiral staircase
*Indoor garage parking with private storage room
*Large pool and private beach access
*State of the art hurricane protection for every window and sliding door
*HOA is astonishingly low $440 per month and includes water, refuse, exterior insurance, outside electric, and basic cable (HBO included!)

There are plenty of diversions in the local area, from fine dining to live entertainment, with many easily within walking distance.  Ocean Sands South is just down the beach from the famous Lou's Blues, and right next door to the renovated Crowne Plaza, which has exciting plans to possibly expand into their existing parking lot.

And if you want to hop in your car, even more excitement awaits...

North:  Drive half an hour and you reach Cocoa Beach, Kennedy Space Center, and Port Canaveral.  Another hour later and you can be in Daytona Beach or at the Daytona International Speedway.

South:  Drive an hour and you will find yourself in opulent Vero Beach, with all of its extravagant amusements.

West:  An hours drive will bring you to fabulous Orlando and all the magic of Disney, Universal, and hundreds of other entertainment centers.

East:  Why drive anywhere.  Just kick off your shoes and walk a few yards and cool your feet in the cool waters of the Atlantic Ocean.


1.  This fantastic property is FOR SALE for $1,500,000
2.  Lease/purchase is a possibility, as is a wrap-around mortgage. 

3.  Fractional Ownership Option:  You may also purchase half interest in this property for $750,000 and enjoy all it has to offer at a fraction of the cost of outright ownership.  The perfect way to enjoy paradise as most 'vacation homes' sit empty over half the time, so why pay for something you don't use? This would NOT be a timeshare-like option, as the new half owner would receive a duly recorded title and deed, and becomes an equal partner in the penthouse.

4.  Property swap is also a possibility.  If you have an income producing property anywhere in the world, but preferably in the US, that you would like to consider swapping for this gorgeous penthouse, please don't hesitate to get in touch.

5.  Property rental: Property is not currently leased.

Rental info:

Pets welcome.
$3500 per month
Water, sewer, refuse and basic cable (with HBO) included
Low utilities and taxes additional, if applicable.
First, last, plus a security deposit of $3500 at lease signing.

Of course, the property is still available for $995,000 should you wish to buy it outright.

OR CALL 321-482-6191