Living in Florida's Space Coast
115 River Drive
115 River Drive is not a subdivision. It is a condominium community at 115 North Indian River Drive, two blocks north of Cocoa Village, built in three phases between 1977 and 1986. Every unit fronts the Indian River. Residences run 1,388 to 2,000 square feet with two or three bedrooms, and the association keeps a pool, a boat dock with slips, tennis and shuffleboard courts, and a clubhouse.
115 River Drive In Cocoa, Florida
Start with the correction people need most: this is a condominium address, not a neighborhood of houses. Everything at 115 River Drive is a condominium unit, deeded as a unit within one of three phases recorded as 115 River Drive Condominium I, II and III. When you buy here you are buying an interior and an undivided share of the land, the buildings, the seawall and the dock, and the association owns and maintains all of it.
The buildings are concrete under membrane roofs, put up between 1977 and 1986, with Spanish styling on several of the exteriors. Units are laid out with balconies facing the water, and some have a second smaller balcony on the entry side. Interior sizes run 1,388 to 2,000 square feet, which is genuinely large for a condominium of this era, and the three bedroom plans are true three bedroom layouts rather than a den with a door.
The amenity package is the reason for the monthly figure. There is a community pool, a private boat dock with slips, tennis courts, shuffleboard courts and a clubhouse, along with grounds maintenance and trash. Fees have run roughly $670 to $845 a month depending on the unit and the phase, and Sentry Management administers the association. That number covers a large share of what you would otherwise pay separately on a single family riverfront house.
Location is the other half of the value. The complex sits on Indian River Drive with entrances off Mulberry Street, about two blocks north of Cocoa Village and SR 520. That is a walk or a short bike ride to the restaurants, shops, waterfront park and street events in the historic district. From the balconies on the river side you get open water views east across the Indian River toward Merritt Island, and launches from the Cape are visible from the same spot.
Two things to check carefully before you commit. Florida now requires milestone inspections and structural integrity reserve studies for condominium buildings three stories and taller, so ask for the association's most recent reports, the reserve funding plan and the minutes covering them. And confirm the association's current lending approval status, because condominium financing lives or dies on that and it can change from year to year.
115 River Drive At A Glance
The condominium facts you should have before you tour.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | 115 North Indian River Drive at Mulberry Street, two blocks north of Cocoa Village, Cocoa 32922 |
| Property type | Condominium, recorded in three phases as 115 River Drive Condominium I, II and III |
| Built | 1977 to 1986, with 1977 the most common year |
| Home size | 1,388 to 2,000 square feet, about 1,804 typical |
| Bedrooms | 2 to 3, three is the common count |
| Bathrooms | 2 |
| Lot size | 0.05 to 0.11 of an acre of deeded parcel. The association owns and maintains the grounds |
| Construction | Concrete with stucco under membrane roofs, Spanish styling on several buildings |
| Association | Mandatory condominium association, roughly $670 to $845 a month, administered by Sentry Management |
| Amenities | Community pool, boat dock with slips, tennis courts, shuffleboard courts, clubhouse, grounds maintenance, trash |
| Waterfront | Direct Indian River frontage. Every unit is in the waterfront complex |
| Utilities | Public water and public sewer |
| Parking | One to two spaces, including garage and covered parking on some units |
| Annual taxes | $2,245 to $5,086, around $4,462 typical |
| Price per square foot | About $219 |
| Time to sell | Around 41 days |
| Price range | $365,000 to $399,900, about $388,000 typical |
115 River Drive Details
A Boat Dock That Comes With The Address
The association maintains a private dock with slips on the Indian River. On a single family riverfront property you would be permitting and paying for that yourself through Brevard County Planning and Development. Here it is already built, already permitted and already in the budget. Slip availability and assignment rules are worth confirming with the board.
Larger Than A Typical Condominium
These units run 1,388 to 2,000 square feet, well above what a two bedroom Florida condominium of this vintage usually offers. The three bedroom plans are real three bedroom layouts, and several owners have brought a rear balcony under air to add usable living space with the river directly in view.
Two Blocks From Cocoa Village
Cocoa Village is the historic downtown district at the west end of SR 520, and it is close enough to walk. Restaurants, shops, the waterfront and the street events are all right there. That proximity, plus direct river frontage, is what keeps this address in demand despite its age.
Pool, Tennis And Shuffleboard
The community keeps a pool, tennis courts and shuffleboard courts along with a clubhouse. Combined with dock access and grounds maintenance, that is a broad amenity list for a complex this size, and it explains the monthly figure more honestly than square footage alone.
Concrete Buildings, Membrane Roofs
The buildings are concrete rather than frame, with membrane roofing. That is durable construction for a waterfront exposure, and several units carry storm shutters as well. Ask the association for the roof replacement history and the current schedule rather than relying on visual condition.
Do The Condominium Homework
Florida requires milestone inspections and structural integrity reserve studies for condominium buildings three stories and up. Request the reports, the reserve funding plan and recent board minutes, and confirm the association's lender approval status. In condominium buying, the association's paperwork matters as much as the unit.
Homes For Sale In 115 River Drive
Available units at 115 River Drive are shown below. This is a small waterfront complex, so listings are limited and a floor plan you want may take patience to catch.
115 River Drive Frequently Asked Questions
Is 115 River Drive a neighborhood or a condominium?
It is a condominium community, not a subdivision of single family homes. The complex sits at 115 North Indian River Drive and is recorded in three phases, 115 River Drive Condominium I, II and III. Every residence here is a deeded condominium unit.
How much is the monthly condominium fee?
It has run roughly $670 to $845 a month depending on the unit and phase. Sentry Management administers the association. The fee covers grounds maintenance, trash and the shared amenities including the pool, dock, courts and clubhouse.
Do all units have a river view?
The complex fronts the Indian River and every unit is part of the waterfront property, but the view varies by building and position. The riverfront building units look directly east over open water. Others look across the grounds toward the water. Stand on the balcony before you decide.
Is there boat dockage?
Yes. The association maintains a private boat dock with slips on the Indian River. Slip availability, assignment and any additional cost are set by the association, so ask the board or the management company for the current rules before you write an offer.
What year were the buildings constructed?
Between 1977 and 1986, with the earliest phase in 1977. Construction is concrete with stucco under membrane roofs and Spanish styling on several exteriors. Interiors in many units have been substantially updated with new kitchens, flooring and bathrooms.
What should I ask the association before buying?
Request the most recent milestone inspection and structural integrity reserve study, the reserve funding plan, the current budget, recent board minutes and any pending special assessments. Florida requires those inspections and studies for buildings three stories and taller. Also confirm the association's lender approval status.
How far is Cocoa Village?
About two blocks south. Cocoa Village is the historic downtown district on the Indian River at the west end of SR 520, and from 115 River Drive it is an easy walk or bike ride to the restaurants, shops and waterfront park.
Are these units in a flood zone?
A waterfront condominium address needs a written determination like any other property. Brevard County Public Works, Floodplain Administration at (321) 617-7340 is the official repository for FEMA flood map panels and issues written flood zone determinations and elevation certificates.
115 N Indian River Drive at Mulberry Street, Cocoa 32922
The complex fronts Indian River Drive on the west bank of the Indian River, two blocks north of Cocoa Village and SR 520. Access is from Indian River Drive west onto Mulberry Street, where two separate entrances lead into the community parking. There is no parking on Riverside side streets for guests, so plan on using the lots. US 1 runs a block west and carries you north or south through the city.
SR 520 is the crossing to Merritt Island, Cocoa Beach and Port Canaveral, roughly fifteen to twenty minutes east. Heading west, 520 runs to I-95 in under ten minutes and continues toward Orlando, with the airport side about an hour out by way of 528. Day to day, most of what you need in Cocoa Village is close enough that the car stays parked.
Near 115 River Drive In Merritt Island
Considering 115 River Drive?
Whether you are buying in 115 River Drive or thinking about selling here, work with an agent who is in these neighborhoods every week. My partner Nichole and I got your back. We will run the numbers on any address, tell you straight what it is worth, and handle the whole process from the first showing through the closing table. Call or text (321) 212-7676.
Enjoy breathtaking, direct views of the Indian River from this beautifully updated end-unit condominium, a true waterfront gem that's completely move-in ready. This excep...
- 2 Beds
- 2 Baths
- 1082635 MLS
