Rio Lindo is the single-family neighborhood in Indialantic where $1,800,000 was the median across seven closed sales in the last twelve months, six of nine properties front a canal, and not one listing reported an association. Built 1963 to 1989.
Rio Lindo sits in Indialantic, in the 32903 zip code, on Malibu, Riverside, Brookside and Pine Tree. Over the last twelve months seven of the nine properties I tracked here actually closed, at a $1,800,000 median.
The housing stock is 9 single-family homes, built 1963 to 1989. The size range runs 2,089 to 4,233 square feet, which is wide enough that the neighborhood median tells you very little about any one property. Price it off the comparable sales on that street, not the plat.
Sellers closed at about 97 percent of original list. That is tight. An aggressive offer in Rio Lindo is usually how you lose the property to someone who wrote a clean one.
six of the nine properties front a canal, so water is the default here rather than the upgrade. What moves price is the condition of the seawall, the dock and the lift, and none of that shows in the photos.
Every figure below comes from the last twelve months of Indialantic market data for this neighborhood. Nothing here is an estimate.
| Detail | What you get |
|---|---|
| Housing type | 9 single-family homes, mostly one story |
| Home size range | Roughly 2,089 to 4,233 square feet, median about 3,100 |
| Bedrooms and baths | three to five bedrooms, two to six baths |
| Lot size | 0.26 to 0.47 acres, median about 0.40 |
| Year built | 1963 to 1989, median 1970 |
| Median sold price | $1,800,000 over the last twelve months |
| Sold price range | $530,000 to $2,150,000 |
| Price per square foot | About $519 median |
| HOA dues | None. All nine recent listings reported no association. |
| Waterfront | 6 of 9, on a canal |
| Private pools | 7 of 9 |
| Garage | 9 of 9 listings reported a garage |
| Property tax | About $7,882 median annual, ranging widely with assessment history |
| Days on market | 24 days median, at about 97 percent of original asking price |
| Location | Indialantic, 32903 |
The line items that decide what this actually costs you, beyond the purchase price.
Every address on this island is underwritten on its own elevation certificate, roof age and opening protection. Two properties on the same street can be thousands apart a year. I get you a real quote inside the inspection period, before the payment you are picturing becomes the payment you are stuck with.
A seawall has a lifespan and replacing one is a five figure job. So is a dock, a lift and the electrical that runs them. On a no-association street where every dollar of it is yours, that question gets answered in writing before you go hard on a deposit.
That is what the current owners pay, not what you will. Florida caps annual assessment increases for homesteaded owners and the cap resets on sale, so on a property somebody has held fifteen years your first bill can land materially higher. I run the reset number before you write.
A 24 day median with closings near 97 percent of the original asking price. That is a narrow gap, so the win here comes from being ready to move rather than from grinding the price.
6 of the 9 properties front a canal. Verify the seawall condition, the dock permit and the actual depth at low tide before you rely on a listing photo.
All nine recent listings reported no association. Nothing governs the paint color, the boat in the driveway or the fence line except the recorded deed restrictions on that plat.
7 of the last 9 had a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than they do inland, so those get inspected separately from the house.
9 of the 9 listings reporting stories were one level, typical of when this was platted.
From $530,000 to $2,150,000 on the same streets, so condition and location inside the plat decide price far more than the address does.
Median year built is 1970. Roof age, wiring and plumbing are the three things that decide both your insurance quote and your first five years of budget.
Every active Rio Lindo listing, straight from the MLS and updated as it changes.
The median closed price over the last twelve months was $1,800,000 across seven sales, ranging $530,000 to $2,150,000. Median price per square foot was $519.
No. All nine recent listings reported no association. Recorded deed restrictions may still apply to the plat, and I pull those for the specific parcel.
6 of the 9 properties front a canal. Which water it is changes the price, and on canal or river frontage the seawall, the dock permit and the low tide depth all need checking before you rely on the photos.
Sellers closed at about 97 percent of original list over the last year. That is tight, and an aggressive offer usually costs you the property. I price the offer off the specific comparable sales, not the neighborhood average.
Yes. 7 of the 9 properties have a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than inland, so I have those inspected separately from the structure.
The median bill on record is about $7,882, but that is what the current owners pay. Florida caps annual assessment increases for homesteaded owners and the cap resets when the property sells, so your first bill can be materially higher. I run the reset number before you write an offer.
I pull the closed comparable sales for the specific street, get a real wind and flood quote inside the inspection period, run the tax reset so the monthly payment you are picturing is the one you will actually have, and read whatever association or deed documents apply. Then we write. Call me at (321) 212-7676.
Rio Lindo sits in Indialantic, in the 32903 zip code, on Malibu, Riverside, Brookside and Pine Tree. The Melbourne Causeway lands here, so downtown Melbourne is five minutes west and the sand is two minutes east.
The town is small and layered. Oceanfront towers line A1A, 1950s and 1960s platted streets sit behind them, and pockets of larger homes with deep water sit on the river side. Those three markets are within a few blocks of each other and price nothing alike.
If Rio Lindo is on your list, my partner Nichole and I are the agents to call. We work Indialantic every week, we know these streets, and we will tell you straight whether a property is priced right. Reach out anytime at (321) 212-7676.
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