Magnolia Key
Seventy-two units across three buildings on South Miramar Avenue, built around 2006. This is not a single tower, and which of the three buildings a unit sits in changes the view, the walk to the pool, and the price.
Magnolia Key In Indialantic, Florida
Magnolia Key at 505 South Miramar Avenue is often described as a condo building. It is actually three, with about seventy-two units between them, built around 2006.
That structure is the single most useful thing to know before you shop it. Which building a unit occupies affects the ocean exposure, the distance to the pool and clubhouse, and the price. Two listings with identical square footage in Magnolia Key can be quite different homes. Always ask which building.
Amenities are solid for the size: pool and spa with a gas grill deck, a furnished clubhouse, fitness center, a car wash area, and elevator service. Sizes on featured listings have run roughly 1,684 to 3,500 square feet as three bedroom layouts.
Magnolia Key At A Glance
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 | 505 S Miramar Ave, Indialantic, FL 32903 |
| Year built | Around 2006 |
| Total units | About 72, across three buildings |
| Floors | Sources conflict between 3 and 4. We verify against county records. |
| Unit sizes | Featured listings have run roughly 1,684 to 3,500 square feet. Not an official published range. |
| Bedrooms | Three bedroom, two to three baths |
| Position | Direct oceanfront |
| Structure | Three separate buildings, not one tower. Confirm which building any listing sits in. |
| Condo fee | Not published. Listed as available on request. We obtain the current figure before you offer. |
| Pet policy | 40 pound limit. |
| Minimum lease | 6 months. |
| Recent price range | Published activity has run roughly $604,000 to $1,150,000. |
Magnolia Key Amenities
Pool And Spa
Community pool and spa.
Gas Grill Pool Deck
Grilling stations on the pool deck.
Furnished Clubhouse
Clubhouse that comes furnished and ready to use.
Fitness Center
On-site fitness.
Car Wash Area
A genuinely useful amenity on a salt-air barrier island.
Elevator Service
Elevators throughout.
Three-Building Layout
More spread out than a single tower, with more ground-level landscaping.
South Miramar Position
Off the main A1A strip.
Magnolia Key Frequently Asked Questions
How many units are in Magnolia Key?
About seventy-two units spread across three separate buildings, not one tower. Which building a unit sits in affects view, walk distance and price.
When was Magnolia Key built?
Around 2006.
What are the condo fees at Magnolia Key?
Not published. It is listed as available on request. We obtain the current figure, what it covers, and the reserve position before you write an offer.
Does Magnolia Key allow pets?
Yes, with a forty pound limit.
Can you rent out a unit at Magnolia Key?
Yes, with a six month minimum lease.
Is Magnolia Key truly oceanfront?
Yes, direct oceanfront, though exposure varies by which of the three buildings a unit occupies.
What should I check before buying in an older Florida oceanfront building?
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.
Do I need my own agent to buy a condo here?
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.
Near Magnolia Key
Thinking About Magnolia Key?
Magnolia Key is three buildings, not one, and nobody tells buyers that up front. We will tell you which building a listing is in and what that actually means for the view and the price.
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