Living in Florida's Space Coast
Oleander Pointe
Oleander Pointe is three nine story buildings on Riverside Drive, standing on the Indian River a short walk south of Cocoa Village. The complex went up in 1998 and 1999 on the site of the old Brevard Hotel, and it holds 138 condominiums plus a private 59 slip marina. Units run 1,479 to 2,645 square feet, and the monthly fee is most often $793.
Oleander Pointe In Cocoa, Florida
Oleander Pointe is a condominium, not a subdivision, and that single fact drives everything else about buying here. You are buying an air space unit inside one of three nine story concrete buildings platted as Phase 1, Phase 2 and Phase 3, all fronting the Indian River off Riverside Drive in ZIP 32922. Lobbies are secured, elevators serve every floor, and almost every unit opens onto a balcony that faces the water.
The fee is the number that decides whether this works for you. Most owners pay $793 a month, a large group pays $950, and a few sit at $750 or $760. That is roughly $9,500 to $11,400 a year before taxes and insurance on the contents of your unit. In exchange the association carries the grounds, trash, the riverside pool and spa, the fitness room, the clubhouse, and the tennis, pickleball, basketball and shuffleboard courts.
There are two corporations, and buyers mix them up constantly. Oleander Pointe Condominium Association, Inc. governs the residential buildings and has been a registered Florida corporation since 1998. Oleander Pointe Yacht Club Condominium Association, Inc. was registered separately the same year and governs the marina. BP Davis Property Management handles the day to day. A slip is its own piece of property. If boating is why you are here, put the slip in the contract by number.
Unit sizes run 1,479 to 2,645 square feet with about 1,616 typical, two or three bedrooms and two or three baths. The largest floor plans are the ninth floor penthouses, and several have been taken down to the studs and rebuilt with impact glass and electric roll down shutters. Construction is concrete and stucco. Garage parking runs one to three spaces. Prices have ranged from $400,000 to $1,295,000 with $525,000 in the middle, around $348 per square foot.
Two practical items. First, Florida now requires a milestone inspection and a structural integrity reserve study for condominium buildings three stories and taller, so ask for both reports and the funding plan that came out of them before you go under contract. Second, marketing time here runs near 94 days, longer than a house in Cocoa, because the buyer pool for a riverfront condominium at this price is smaller and slower moving.
Oleander Pointe At A Glance
The numbers and the paperwork that shape a purchase at Oleander Pointe.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Riverside Drive on the Indian River, Cocoa 32922 |
| Property type | Condominium, three buildings of nine stories |
| Built | 1998 to 1999, on the former Brevard Hotel site |
| Community size | 138 residential condominiums |
| Home size | 1,479 to 2,645 square feet, about 1,616 typical |
| Bedrooms | 2 to 3, with 2 or 3 baths |
| Lot size | Condominium parcel, 0.01 to 0.06 acre of record |
| Construction | Concrete and stucco, balconies, storm shutters common |
| Association | Oleander Pointe Condominium Association, Inc., most often $793 per month, some units at $950, managed by BP Davis Property Management |
| Marina | Private 59 slip marina under Oleander Pointe Yacht Club Condominium Association, Inc., slips deeded separately |
| Amenities | Riverside pool and spa, fitness center, clubhouse, tennis, pickleball, basketball, shuffleboard, secured lobby, elevators |
| Water frontage | Indian River, with Intracoastal channel views from the upper floors |
| Utilities | Public water and public sewer |
| Garage | 1 to 3 spaces, plus climate controlled storage in some units |
| Days on market | Around 94 typical |
| Price range | $400,000 to $1,295,000, around $348 per square foot |
Oleander Pointe Details
Two Associations, Not One
The buildings and the marina are governed by separate registered corporations. Owning a unit does not automatically mean owning a slip. Ask which slip conveys, who bills it, and whether the seller actually holds title to it.
Nine Floors Of River
Every building rises nine stories directly on the Indian River. The higher floors see the Intracoastal channel and the causeway, and the east facing balconies catch sunrise and the launches off the Cape.
Walk To Cocoa Village
Riverside Drive connects to Brevard Avenue and Church Street within a few blocks. The restaurants, shops and the theater in the historic village are a walk rather than a drive, which is rare anywhere in Cocoa.
A Full Amenity Package
The fee buys a riverside pool and spa, a fitness room with water views, a clubhouse, and tennis, pickleball, basketball and shuffleboard courts. Courts sit near the north entrance off Riverside Drive.
Penthouses Are A Different Product
The ninth floor units run toward 2,645 square feet with oversized garages and separate storage rooms. Several have been fully rebuilt with impact glass. They trade in a different price band than the mid floor two bedroom plans.
Read The Structural Reports
Florida requires a milestone inspection and a structural integrity reserve study for buildings this tall. Get both, plus the funding plan, before your inspection period closes. They tell you where the fee is headed.
Homes For Sale In Oleander Pointe
Condominiums for sale at Oleander Pointe on Riverside Drive in Cocoa 32922 are below. Inventory is thin by nature at 138 units, so the mix of floor, exposure and slip status changes the price more than square footage does.
Oleander Pointe Frequently Asked Questions
Where is Oleander Pointe?
On Riverside Drive in Cocoa 32922, directly on the Indian River just south of the historic village. From US 1 you take Brevard Avenue south through the village, turn east on Church Street or Oak Street, then south on Riverside Drive.
How much is the monthly fee?
Most units pay $793 a month, a sizable group pays $950, and a few pay $750 or $760. The fee covers grounds, trash, the pool and spa, the fitness center, the clubhouse and the court amenities.
Does a condominium here come with a boat slip?
Not automatically. The 59 slip marina is governed by Oleander Pointe Yacht Club Condominium Association, Inc., a separate corporation from the residential association. Slips are held separately, so the slip has to be named in the purchase contract.
When was Oleander Pointe built?
The three buildings were completed in 1998 and 1999 on the site of the old Brevard Hotel. There are three recorded phases, and all 138 units date to that build.
How large are the units?
From 1,479 to 2,645 square feet, with about 1,616 typical. Two and three bedroom plans dominate, with two or three baths. The 2,600 square foot floor plans are ninth floor penthouses.
Can you walk to the shops and restaurants?
Yes. Riverside Drive ties into Church Street, Oak Street and Brevard Avenue, which puts the core of Cocoa Village a few blocks away on foot. Cocoa Village Marina sits just north at 90 Delannoy Avenue.
What paperwork should I ask for?
The milestone inspection report, the structural integrity reserve study, the last three years of financials, the current budget, and the marina documents if a slip is involved. Those five items tell you what the fee will look like in five years.
How long do units take to sell?
Around 94 days is typical. Floor, exposure and whether a slip conveys move the price more than anything else, so two units of identical size can sit in very different price bands.
Riverside Drive on the Indian River, Cocoa 32922
Riverside Drive runs along the western shore of the Indian River on the south edge of Cocoa Village, and Oleander Pointe occupies the stretch between roughly Oak Street and Church Street with north and south entrances. Brevard Avenue is the spine of the village a block west, US 1 is a few blocks beyond that, and State Road 520 crosses the river a short distance north toward Merritt Island and Cocoa Beach.
Drive times are short in every direction that matters. The village restaurants are a five minute walk. Cocoa Beach is about twenty minutes east across the 520 causeway, Kennedy Space Center Visitor Complex about half an hour north, Port Canaveral roughly thirty minutes, and Orlando International Airport around forty five minutes west on 528. Interstate 95 is four miles out State Road 520.
Near Oleander Pointe In Merritt Island
Considering Oleander Pointe?
Whether you are buying in Oleander Pointe 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.
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