Eighteen units, three floors, built in 1983 on Wave Crest Avenue in the south of Fifth pocket. Private one-car garages, a family room with a fireplace, and no pool on the property by design.
Islamorada sits at 700 Wave Crest Avenue, which puts it in the south of Fifth Avenue pocket of Indialantic rather than up on the main A1A strip. Eighteen units across three floors, direct oceanfront, built in 1983.
It is a low rise, and that changes the feel considerably. Three floors means no long elevator waits and a building that reads more like a small beachside apartment community than a tower. Interior units run roughly 1,450 to 1,550 square feet as two bedrooms, and corner units go over 1,900 square feet as three bedrooms.
One thing worth knowing before you tour: the building reportedly does not permit pools or hot tubs on the premises. If a community pool is on your list, this is not your building. What it has instead is a private one-car garage per unit, a family room with a fireplace, and a quieter position off the main highway.
Condo data online is unreliable, and a lot of it gets copied between sites without anyone checking. Below is what we could actually verify, what came from a single source, and what nobody publishes.
| Detail | What we can confirm |
|---|---|
| Address | 700 Wave Crest Ave, Indialantic, FL 32903 |
| Year built | 1983 |
| Total units | 18 |
| Floors | 3 |
| Unit sizes | Interior units roughly 1,450 to 1,550 square feet. Corner units over 1,900. |
| Bedrooms | 2 bed / 2 bath interior, 3 bed / 2 bath corner |
| Position | Direct oceanfront, in the south of Fifth Avenue area |
| Condo fee | Published at around $800 per month. We confirm the current figure and inclusions before you offer. |
| Pet policy | Pet friendly subject to association approval. One source specifies a fifty pound maximum. |
| Minimum lease | 3 months |
| Pool | Reportedly not permitted on the premises. Confirm before you buy if a pool matters to you. |
| Age restriction | Not a 55 and over building. |
| Recent price range | Thin data. One sold three bedroom at $462,500. We pull live comps before any offer. |
Each unit has its own garage.
An unusual feature for a Florida beachside condo.
Secured lobby with elevator service.
Storm protection in place.
Three floors rather than a tower.
Off the main A1A strip, in the quieter southern pocket of Indialantic.
On the sand rather than across the road.
Stated plainly because it is the thing most likely to surprise a buyer here.
Eighteen units across three floors. It is one of the smaller and lower oceanfront buildings in Indialantic.
1983.
Published at around $800 per month. Fee data on smaller buildings goes stale quickly, so we confirm the current figure, what it includes, and the reserve position before you write an offer.
Pet friendly subject to association approval, with one source specifying a fifty pound maximum. Confirm the current rule for your specific situation.
Yes, with a three month minimum lease.
Yes. Direct oceanfront, in the south of Fifth Avenue section of Indialantic rather than on the main A1A strip.
Ask for the most recent milestone inspection and structural integrity reserve study, the current reserve balance, and any special assessment that has been voted on or discussed. Florida tightened these requirements after 2021 and they are the single biggest driver of condo fee increases on this coast. We request all of it before you go under contract.
Yes, and it costs you nothing in most transactions. On beachside condos the value of representation is in the documents rather than the negotiation: the association budget, the reserve study, the rental and pet rules, and the assessment history. That is where the surprises live.
This building has no pool, and that single fact rules it in or out for most buyers. If the quieter south of Fifth position and a private garage matter more to you than a pool deck, it is worth a look.