Living in Florida's Space Coast
DIAMOND BAY
Diamond Bay is the 1994 waterfront condominium on Pinellas Avenue where the fee runs $705 to $745, the price per foot was about $264, and buyers had real room on price.
Diamond Bay In Cocoa Beach, Florida
Diamond Bay is a waterfront condominium on Pinellas Avenue in Cocoa Beach, in the 32931 zip code, built in 1994. All three units that came to market in the last twelve months were waterfront.
Units run 1,511 to 2,505 square feet with 2 to 3 bedrooms, at about $264 per square foot. The median sale over the last twelve months was $465,000, in a range from $399,000 to $860,000.
Monthly fees run $705 to $745 a month, and the median annual property tax was $5,022. 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.
Three numbers make this worth a look. The fee is $705 to $745 a month, low for a waterfront building. The price per foot was about $264, among the lowest in the city. And closings landed at about 89 percent of the original asking price after a 102 day median, which is real leverage.
Diamond Bay At A Glance
From the last twelve months of activity at Diamond Bay.
| Detail | What you get |
|---|---|
| Housing type | Condominium |
| Unit size | Roughly 1,511 to 2,505 square feet |
| Bedrooms | 2 to 3 |
| Year built | 1994 |
| Median sold price | $465,000 |
| Sold price range | $399,000 to $860,000 |
| Price per square foot | About $264 median |
| Condo fee | $705 to $745 a month |
| Waterfront | 3 of 3 recent listings |
| Property tax | About $5,022 median annual |
| Days on market | 102 days median, at about 89 percent of original asking price |
| Location | Pinellas Avenue, Cocoa Beach |
Diamond Bay Costs, Honestly
On a condominium the fee is only the first of three questions that decide what you actually pay.
Monthly Fee
$705 to $745 a month$705 to $745 a month, low for a waterfront building. On a 1994 structure that is more plausible than it would be on a 1970s tower, though the reserve study is still the document that tells you whether it is sustainable.
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 89 percent of original listA 102 day median with closings near 89 percent of the original asking price. That is genuine leverage, and a well supported offer below asking is normal here rather than aggressive.
Diamond Bay Features
Low Waterfront Fee
$705 to $745 a month, among the lower waterfront fees in Cocoa Beach.
Low Price Per Foot
About $264 per square foot, well below the beachside average.
Every Unit Waterfront
All three recent listings were waterfront.
Real Negotiating Room
Closings near 89 percent of the original asking price after a 102 day median.
Built 1994
Newer than most Cocoa Beach condominium stock.
Units To 2,505 Square Feet
From 1,511 up to 2,505 square feet with two to three bedrooms.
Condos For Sale At Diamond Bay
Live MLS listings filtered to Diamond Bay. This is a single building, so the list is short by definition and turnover is what drives it.
Diamond Bay Frequently Asked Questions
What are the condo fees at Diamond Bay?
$705 to $745 a month. We review the budget, the reserve study and the milestone inspection status before you commit.
How much do units sell for at Diamond Bay?
The median closed price over the last twelve months was $465,000, in a range from $399,000 to $860,000, at about $264 per square foot.
How big are the units at Diamond Bay?
Roughly 1,511 to 2,505 square feet with 2 to 3 bedrooms.
When was Diamond Bay built?
In 1994. On a building of that age the milestone inspection and reserve funding are the questions that matter most.
Pinellas Avenue, Cocoa Beach
Diamond Bay sits on Pinellas Avenue in Cocoa Beach, in the 32931 zip code, on the water.
A1A runs north to Cape Canaveral and Port Canaveral and south toward Patrick Space Force Base, with the pier and downtown Cocoa Beach a short drive and SR 520 crossing the causeway west toward I-95.
Near Diamond Bay In Cocoa Beach
Considering Diamond Bay?
If Diamond Bay is on your list, my partner Nichole and I are the agents to call. We sell Cocoa Beach 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.
