Every property on the water and the association runs $2,760 a month

SILVER PALM CONDO

Silver Palm Condo is the condo building in Indialantic where $575,000 was the median across two closed sales in the last twelve months, three of three properties front the Atlantic, and the association runs about $2,760 a month. Built 1996.

1,717 to 2,025 sq ft
Home Size
$575,000
Median Sold Price
$2,760
Association Dues
3 of 3
Waterfront Sales
What Silver Palm Condo actually is

Silver Palm Condo In Indialantic, Florida

Silver Palm Condo sits in Indialantic, in the 32903 zip code, on A1A. Over the last twelve months two of the three properties I tracked here actually closed, at a $575,000 median.

The housing stock is 3 condos, built 1996. Sizes are consistent enough that the comparable sales here read cleanly.

Sellers closed at about 80 percent of original list, one of the softer ratios on the beachside. That usually means listings started high and cut more than once, not that buyers are stealing anything.

three of the three properties front the Atlantic, 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.

The numbers, in one place

Silver Palm Condo At A Glance

Every figure below comes from the last twelve months of Indialantic market data for this neighborhood. Nothing here is an estimate.

DetailWhat you get
Housing type3 condos
Home size rangeRoughly 1,717 to 2,025 square feet, median about 1,950
Bedrooms and bathsthree bedrooms, two baths
Lot size0.07 to 0.07 acres, median about 0.07
Year built1996, median 1996
Median sold price$575,000 over the last twelve months
Sold price range$450,000 to $700,000
Price per square footAbout $288 median
HOA dues$2,760 median a month, reported on 3 of 3 listings
Waterfront3 of 3, on the Atlantic
Private poolsNone reported on the three recent listings
Garage3 of 3 listings reported a garage
Property taxAbout $3,235 median annual, ranging widely with assessment history
Days on market257 days median, at about 80 percent of original asking price
LocationIndialantic, 32903
Where the money goes

Silver Palm Condo Costs, Honestly

The line items that decide what this actually costs you, beyond the purchase price.

Insurance And Flood

Get the quote first

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.

The Seawall And The Dock

The item people forget

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 property where the association may or may not own that structure, that question gets answered in writing before you go hard on a deposit.

The Tax Bill Resets

About $3,235 median today

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.

Real Negotiating Room

About 80 percent of original list

A 257 day median with closings near 80 percent of the original asking price. That is a genuine gap and it is where a prepared buyer makes money.

What you are actually buying

Silver Palm Condo Features

Waterfront Is Standard

3 of the 3 properties front the Atlantic. Verify the seawall condition, the dock permit and the actual depth at low tide before you rely on a listing photo.

Association On Record

A median of $2,760 a month across 3 of the 3 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.

Original Era Housing

Median year built is 1996. Roof age, wiring and plumbing are the three things that decide both your insurance quote and your first five years of budget.

Garages Are Common

3 of the 3 listings reported a garage, which on the beachside is less common than buyers expect.

Minutes To The Ocean

The Melbourne Causeway lands right here, so downtown Melbourne is five minutes west and the sand is two minutes east.

Sits On The Market

Median days on market was 257. Longer market time is where your negotiating room comes from, and it is also worth asking why one specific property has been sitting.

See what is actually available

Homes For Sale In Silver Palm Condo

Every active Silver Palm Condo listing, straight from the MLS and updated as it changes.

Straight answers

Silver Palm Condo Frequently Asked Questions

What do homes sell for in Silver Palm Condo?

The median closed price over the last twelve months was $575,000 across two sales, ranging $450,000 to $700,000. Median price per square foot was $288.

Does Silver Palm Condo have an HOA?

Yes. The median reported association fee is $2,760 a month, on 3 of the 3 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.

Is Silver Palm Condo waterfront?

3 of the 3 properties front the Atlantic. 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.

Can you negotiate on price in Silver Palm Condo?

Sellers closed at about 80 percent of original list over the last year. That is softer than most of the beachside, which usually means listings started high rather than that buyers are getting bargains. I price the offer off the specific comparable sales, not the neighborhood average.

What are property taxes like in Silver Palm Condo?

The median bill on record is about $3,235, 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.

What is the buying process like in Silver Palm Condo?

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.

Where Silver Palm Condo sits

Indialantic, 32903

Silver Palm Condo sits in Indialantic, in the 32903 zip code, on A1A. 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.

IndialanticOceanfrontCondos32903$500K Range
Talk to a local

Considering Silver Palm Condo?

If Silver Palm Condo 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.