Living in Florida's Space Coast
CANAVERAL TOWERS
Canaveral Towers is the 1975 oceanfront condominium on Ridgewood Avenue where units sat a median of 256 days and closed at about 84 percent of the original asking price.
Canaveral Towers In Cape Canaveral, Florida
Canaveral Towers is an oceanfront condominium on Ridgewood Avenue in Cape Canaveral, in the 32920 zip code, built in 1975. All four units that came to market in the last twelve months were waterfront.
Units run 1,145 to 1,145 square feet with 2 to 2 bedrooms, at about $404 per square foot. The median sale over the last twelve months was $463,000, in a range from $405,000 to $540,000.
Monthly fees run $1,085 a month, and the median annual property tax was $6,342. Add those together before you compare this building against another on sale price alone, because the monthly picture is not what the list price suggests.
The market numbers here are the most extreme in either beach city. A 256 day median on market, the longest anywhere, with closings at about 84 percent of the original asking price. Sellers are starting well above what buyers will pay. For a patient buyer with comparables in hand that is real power, but it also raises questions worth answering before you offer.
Canaveral Towers At A Glance
From the last twelve months of activity at Canaveral Towers.
| Detail | What you get |
|---|---|
| Housing type | Condominium |
| Unit size | Roughly 1,145 to 1,145 square feet |
| Bedrooms | 2 to 2 |
| Year built | 1975 |
| Median sold price | $463,000 |
| Sold price range | $405,000 to $540,000 |
| Price per square foot | About $404 median |
| Condo fee | $1,085 a month |
| Waterfront | 4 of 4 recent listings |
| Property tax | About $6,342 median annual |
| Days on market | 256 days median, at about 84 percent of original asking price |
| Location | Ridgewood Avenue, Cape Canaveral |
Canaveral Towers Costs, Honestly
A long market and a big discount usually have a reason. Find it before you offer.
Monthly Fee
$1,085 a monthA flat $1,085 a month on 1,145 square foot units, which is high per square foot. Combined with a $6,342 median tax bill the carrying cost is significant relative to the sale price. On a 1975 building this is exactly where the reserve study and milestone status earn their keep.
Milestone Inspection And Reserves
Ask before you offerFlorida requires milestone inspections and structural integrity reserve studies for older multi story condominium buildings, and the findings drive both reserve funding and the odds of a special assessment. We request the milestone status, the reserve study and the last two years of board minutes before you go under contract.
Real Negotiating Room
About 84 percent of original listA 256 day median with closings near 84 percent of the original asking price. That is genuine leverage, and a well supported offer below asking is normal here rather than aggressive.
Canaveral Towers Features
Longest Time On Market
A 256 day median, the longest of any building in Cocoa Beach or Cape Canaveral.
Biggest Discount To Asking
Closings at about 84 percent of the original asking price.
Every Unit Oceanfront
All four recent listings were waterfront.
One Unit Size
Every unit is 1,145 square feet with two bedrooms.
High Carrying Cost
A flat $1,085 fee plus a $6,342 median tax bill on a $463,000 median sale price.
Built 1975
One of the older buildings in the city, so the milestone inspection and reserve funding are central.
Condos For Sale At Canaveral Towers
Live MLS listings filtered to Canaveral Towers. This is a single building, so the list is short by definition and turnover is what drives it.
Canaveral Towers Frequently Asked Questions
What are the condo fees at Canaveral Towers?
$1,085 a month. We review the budget, the reserve study and the milestone inspection status before you commit.
How much do units sell for at Canaveral Towers?
The median closed price over the last twelve months was $463,000, in a range from $405,000 to $540,000, at about $404 per square foot.
How big are the units at Canaveral Towers?
Roughly 1,145 to 1,145 square feet with 2 to 2 bedrooms.
When was Canaveral Towers built?
In 1975. On a building of that age the milestone inspection and reserve funding are the questions that matter most.
Why do units at Canaveral Towers take so long to sell?
A 256 day median with closings at about 84 percent of asking, the widest gap in either beach city. That pattern usually reflects either optimistic pricing or something in the building financials, and the reserve study, milestone status and board minutes are where you find out which.
Ridgewood Avenue, Cape Canaveral
Canaveral Towers sits on Ridgewood Avenue in Cape Canaveral, in the 32920 zip code, directly on the Atlantic.
A1A runs south to Cocoa Beach and north to the Port Canaveral cruise terminals and Cape Canaveral Space Force Station. SR 528 crosses the causeway west toward Merritt Island, I-95 and Orlando, and the Atlantic beaches are a short walk or drive east.
Near Canaveral Towers In Cape Canaveral
Considering Canaveral Towers?
If Canaveral Towers is on your list, my partner Nichole and I are the agents to call. We sell Cape Canaveral every week, we know these buildings and these streets, and we will tell you straight whether a place is priced right. Reach out anytime at (321) 212-7676.
Turnkey Coastal Living Discover coastal living at its best in this beautifully furnished 2-bedroom, 2-bath condo in Cape Canaveral. Located just steps from the beach, ...
- 2 Beds
- 2 Baths
- 1085404 MLS
Great WEEKLY rental investment opportunity! Currently highly rated on a top vacation rental site. Turnkey and fully furnished, this two-bedroom, two-bathroom tropical ret...
- 2 Beds
- 2 Baths
- 1079362 MLS
