Living in Florida's Space Coast
SOLANA ON THE RIVER
Solana on the River is the mid 2000s riverfront condominium community on Marbella and Sevilla where all nine recent sales were waterfront and sellers held 97 percent of their asking price.
Solana on the River In Cape Canaveral, Florida
Solana on the River is a riverfront condominium community on Marbella and Sevilla in Cape Canaveral, in the 32920 zip code, built across several phases in 2004 and 2005. All nine units that traded in the last twelve months were waterfront.
Units run 1,918 to 2,206 square feet with 2 to 3 bedrooms, at about $225 per square foot. The median sale over the last twelve months was $462,500, in a range from $387,000 to $650,000.
Monthly fees run $845 to $875 a month, and the median annual property tax was $5,238. 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 $225 per square foot on units approaching 2,200 square feet, this is among the best space per dollar on the water in Brevard County. What it does not offer is negotiating room: closings landed at about 97 percent of the original asking price, even after a ninety one day median on market.
Solana on the River At A Glance
From the last twelve months of activity at Solana on the River.
| Detail | What you get |
|---|---|
| Housing type | Condominium |
| Unit size | Roughly 1,918 to 2,206 square feet |
| Bedrooms | 2 to 3 |
| Year built | 2004 to 2005 |
| Median sold price | $462,500 |
| Sold price range | $387,000 to $650,000 |
| Price per square foot | About $225 median |
| Condo fee | $845 to $875 a month |
| Waterfront | 9 of 9 recent listings |
| Property tax | About $5,238 median annual |
| Days on market | 91 days median, at about 97 percent of original asking price |
| Location | Marbella and Sevilla, Cape Canaveral |
Solana on the River Costs, Honestly
On a condominium the fee is only the first of three questions that decide what you actually pay.
Monthly Fee
$845 to $875 a month$845 to $875 a month through Solana On The River Condominium Association. Consistent across the phases, which makes budgeting straightforward.
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 97 percent of original listA 91 day median with closings near 97 percent of asking. Enough room for a considered offer, not enough to lowball.
Solana on the River Features
Every Unit Waterfront
All nine recent sales were riverfront.
Excellent Space Per Dollar
About $225 per square foot on units approaching 2,200 square feet.
Sellers Hold Firm
Closings at about 97 percent of the original asking price.
Built 2004 To 2005
Newer construction, well clear of the structural concerns in older beachside towers.
Consistent Fees
$845 to $875 a month across the phases.
Nothing Currently Listed
Nine units sold in the last twelve months with none active, so inventory is scarce.
Condos For Sale At Solana on the River
Live MLS listings filtered to Solana on the River. Nine units sold in the last twelve months with nothing currently active.
Solana on the River Frequently Asked Questions
What are the condo fees at Solana on the River?
$845 to $875 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 on the River?
The median closed price over the last twelve months was $462,500, in a range from $387,000 to $650,000, at about $225 per square foot.
How big are the units at Solana on the River?
Roughly 1,918 to 2,206 square feet with 2 to 3 bedrooms.
When was Solana on the River built?
In 2004 and 2005 across several phases.
Marbella and Sevilla, Cape Canaveral
Solana on the River sits on Marbella and Sevilla in Cape Canaveral, in the 32920 zip code, on the river.
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 on the River In Cape Canaveral
Considering Solana on the River?
If Solana on the River 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.
