Living in Florida's Space Coast
SHOREWOOD
Shorewood is the late 1990s oceanfront condominium community on Shorewood Drive where eight of ten recent listings were waterfront and the median sale was $445,000.
Shorewood In Cape Canaveral, Florida
Shorewood is an oceanfront condominium community on Shorewood Drive in Cape Canaveral, in the 32920 zip code, built across several phases between 1996 and 1998.
Units run 1,663 to 2,104 square feet with 2 to 3 bedrooms, at about $236 per square foot. The median sale over the last twelve months was $445,000, in a range from $360,000 to $650,000.
Monthly fees run $825 to $865 a month, and the median annual property tax was $4,696. 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.
At about $236 per square foot with a $445,000 median, Shorewood is one of the least expensive ways to buy on the ocean anywhere on the Space Coast. Sales started as low as $360,000. Closings landed at about 93 percent of asking after a sixty day median, so there is room to work.
Shorewood At A Glance
From the last twelve months of activity at Shorewood.
| Detail | What you get |
|---|---|
| Housing type | Condominium |
| Unit size | Roughly 1,663 to 2,104 square feet |
| Bedrooms | 2 to 3 |
| Year built | 1996 to 1998 |
| Median sold price | $445,000 |
| Sold price range | $360,000 to $650,000 |
| Price per square foot | About $236 median |
| Condo fee | $825 to $865 a month |
| Waterfront | 8 of 10 recent listings |
| Property tax | About $4,696 median annual |
| Days on market | 60 days median, at about 93 percent of original asking price |
| Location | Shorewood Drive, Cape Canaveral |
Shorewood Costs, Honestly
On a condominium the fee is only the first of three questions that decide what you actually pay.
Monthly Fee
$825 to $865 a month$825 to $865 a month through Shorewood Condominium Association. On buildings from the late 1990s the reserve study is the document that tells you whether that fee is keeping pace with the building.
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.
Moderate Negotiating Room
About 93 percent of original listA 60 day median with closings near 93 percent of asking. Enough room for a considered offer, not enough to lowball.
Shorewood Features
Cheapest Oceanfront Per Foot
About $236 per square foot, among the lowest for oceanfront anywhere on the Space Coast.
Mostly Waterfront
Eight of the ten recent listings were waterfront on the Atlantic.
Entry Under $400,000
Sales started at $360,000, with a $445,000 median.
Built 1996 To 1998
Late 1990s construction, newer than the 1970s and 1980s beachside towers.
Room To Negotiate
Closings near 93 percent of the original asking price after a sixty day median.
Four Currently Active
Ten listings in twelve months with four still on the market, so there is inventory to compare.
Condos For Sale At Shorewood
Live MLS listings filtered to Shorewood. This is a single building, so the list is short by definition and turnover is what drives it.
Shorewood Frequently Asked Questions
What are the condo fees at Shorewood?
$825 to $865 a month. We review the budget, the reserve study and the milestone inspection status before you commit.
How much do units sell for at Shorewood?
The median closed price over the last twelve months was $445,000, in a range from $360,000 to $650,000, at about $236 per square foot.
How big are the units at Shorewood?
Roughly 1,663 to 2,104 square feet with 2 to 3 bedrooms.
When was Shorewood built?
Between 1996 and 1998 across several phases.
Shorewood Drive, Cape Canaveral
Shorewood sits on Shorewood Drive in Cape Canaveral, in the 32920 zip code, on the ocean side.
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 Shorewood In Cape Canaveral
Considering Shorewood?
If Shorewood 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.
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