Living in Florida's Space Coast
THE CLOISTERS
The Cloisters is the single-family neighborhood in Indialantic where $898,750 was the median across twelve closed sales in the last twelve months, the association runs about $1,500 a month, and 15 of 15 had a private pool. Built 1992 to 2007.
The Cloisters In Indialantic, Florida
The Cloisters sits in Indialantic, in the 32903 zip code, on Newport, Flanders, Southampton and Canterbury. Over the last twelve months twelve of the 15 properties I tracked here actually closed, at a $898,750 median.
The housing stock is 15 single-family homes, built 1992 to 2007. The size range runs 2,245 to 3,775 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 93 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.
four of the 15 properties are waterfront. That single line is the biggest split inside The Cloisters, and a waterfront property and an interior one on the same street should never be priced off each other.
The Cloisters At A Glance
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 | 15 single-family homes |
| Home size range | Roughly 2,245 to 3,775 square feet, median about 2,877 |
| Bedrooms and baths | three to five bedrooms, three to four baths |
| Lot size | 0.22 to 0.43 acres, median about 0.27 |
| Year built | 1992 to 2007, median 1999 |
| Median sold price | $898,750 over the last twelve months |
| Sold price range | $732,000 to $975,000 |
| Price per square foot | About $297 median |
| HOA dues | $1,500 median a month, reported on 15 of 15 listings |
| Waterfront | 4 of 15, on a canal |
| Private pools | 15 of 15 |
| Garage | 15 of 15 listings reported a garage |
| Property tax | About $6,650 median annual, ranging widely with assessment history |
| Days on market | 63 days median, at about 93 percent of original asking price |
| Location | Indialantic, 32903 |
The Cloisters Costs, Honestly
The line items that decide what this actually costs you, beyond the purchase price.
Insurance And Flood
Get the quote firstEvery 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 forgetA 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 $6,650 median todayThat 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 93 percent of original listA 63 day median with closings near 93 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.
The Cloisters Features
Waterfront Available
4 of the 15 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.
Association On Record
A median of $1,500 a month across 15 of the 15 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Pools Are Standard
15 of the last 15 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.
Original Era Housing
Median year built is 1999. 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
15 of the 15 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.
Homes For Sale In The Cloisters
Every active The Cloisters listing, straight from the MLS and updated as it changes.
The Cloisters Frequently Asked Questions
What do homes sell for in The Cloisters?
The median closed price over the last twelve months was $898,750 across twelve sales, ranging $732,000 to $975,000. Median price per square foot was $297.
Does The Cloisters have an HOA?
Yes. The median reported association fee is $1,500 a month, on 15 of the 15 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
Is The Cloisters waterfront?
4 of the 15 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.
Can you negotiate on price in The Cloisters?
Sellers closed at about 93 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.
Are there pool homes in The Cloisters?
Yes. 15 of the 15 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.
What are property taxes like in The Cloisters?
The median bill on record is about $6,650, 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 The Cloisters?
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.
Indialantic, 32903
The Cloisters sits in Indialantic, in the 32903 zip code, on Newport, Flanders, Southampton and Canterbury. 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.
Near The Cloisters In Indialantic
Considering The Cloisters?
If The Cloisters 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.
Welcome to this beautifully maintained 4 bedroom, 3 bathroom home with a dedicated office located in the highly desirable Cloisters community just minutes from the beach....
- 4 Beds
- 3 Baths
- 1078404 MLS
