Living in Florida's Space Coast
SOLANA LAKE
Solana Lake is the early 2000s waterfront condominium community on Lake Drive where twelve units sold in the last twelve months and none are currently listed.
Solana Lake In Cape Canaveral, Florida
Solana Lake is a waterfront condominium community on Lake Drive in Cape Canaveral, in the 32920 zip code, built across several phases between 2001 and 2003. Ten of the twelve units that traded in the last twelve months were waterfront.
Units run 1,698 to 1,956 square feet with 2 to 3 bedrooms, at about $250 per square foot. The median sale over the last twelve months was $436,250, in a range from $420,000 to $579,000.
Monthly fees run $695 to $750 a month, and the median annual property tax was $5,320. 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.
This is one of the most liquid communities in Cape Canaveral: twelve closings in twelve months with nothing currently active. At about $250 per square foot with a $436,250 median it is well below comparable beachside pricing, and the fee of $695 to $750 is among the lowest waterfront figures in the city.
Solana Lake At A Glance
From the last twelve months of activity at Solana Lake.
| Detail | What you get |
|---|---|
| Housing type | Condominium |
| Unit size | Roughly 1,698 to 1,956 square feet |
| Bedrooms | 2 to 3 |
| Year built | 2001 to 2003 |
| Median sold price | $436,250 |
| Sold price range | $420,000 to $579,000 |
| Price per square foot | About $250 median |
| Condo fee | $695 to $750 a month |
| Waterfront | 10 of 12 recent listings |
| Property tax | About $5,320 median annual |
| Days on market | 64 days median, at about 95 percent of original asking price |
| Location | Lake Drive, Cape Canaveral |
Solana Lake Costs, Honestly
On a condominium the fee is only the first of three questions that decide what you actually pay.
Monthly Fee
$695 to $750 a month$695 to $750 a month through Solana Lake Condominium Association, among the lowest waterfront fees in Cape Canaveral. On buildings from 2001 to 2003 that is plausible, though the reserve study still tells you whether it is keeping pace.
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 95 percent of original listA 64 day median with closings near 95 percent of asking. Enough room for a considered offer, not enough to lowball.
Solana Lake Features
High Turnover
Twelve closings in twelve months, one of the most liquid communities in Cape Canaveral.
Low Waterfront Fee
$695 to $750 a month, among the lowest waterfront figures in the city.
Mostly Waterfront
Ten of the twelve recent sales were waterfront.
Built 2001 To 2003
Newer construction with fewer of the structural concerns of older buildings.
Consistent Sizing
From 1,698 to 1,956 square feet, a tight band across the community.
Near Port Canaveral
Minutes from the cruise terminals and the causeway west.
Condos For Sale At Solana Lake
Live MLS listings filtered to Solana Lake. Twelve units sold in the last twelve months and nothing is currently active, so the alert button is the useful one here.
Solana Lake Frequently Asked Questions
What are the condo fees at Solana Lake?
$695 to $750 a month. We review the budget, the reserve study and the milestone inspection status before you commit.
How much do units sell for at Solana Lake?
The median closed price over the last twelve months was $436,250, in a range from $420,000 to $579,000, at about $250 per square foot.
How big are the units at Solana Lake?
Roughly 1,698 to 1,956 square feet with 2 to 3 bedrooms.
When was Solana Lake built?
Between 2001 and 2003 across several phases.
Lake Drive, Cape Canaveral
Solana Lake sits on Lake Drive in Cape Canaveral, in the 32920 zip code, on the water.
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 Solana Lake In Cape Canaveral
Considering Solana Lake?
If Solana Lake 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.
