Living in Florida's Space Coast
THE SANCTUARY
The Sanctuary is the single-family neighborhood in Indialantic where $912,500 was the median across eleven closed sales in the last twelve months, the association runs about $581 a month, and ten of 13 had a private pool. Built 1987 to 2000.
The Sanctuary In Indialantic, Florida
The Sanctuary sits in Indialantic, in the 32903 zip code, on Peregrine, Hummingbird, Mallard and Oriole. Over the last twelve months eleven of the 13 properties I tracked here actually closed, at a $912,500 median.
The housing stock is 13 single-family homes, built 1987 to 2000. The size range runs 2,184 to 5,287 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 96 percent of original list, a normal working spread for beachside Brevard. The room that exists shows up on properties that have already cut once.
The association reports at about $581 a month across 13 of the 13 listings. At that level what the fee covers and whether the reserves are funded matters more to your real monthly cost than the purchase price does.
The Sanctuary 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 | 13 single-family homes |
| Home size range | Roughly 2,184 to 5,287 square feet, median about 2,802 |
| Bedrooms and baths | three to five bedrooms, two to five baths |
| Lot size | 0.28 to 0.53 acres, median about 0.29 |
| Year built | 1987 to 2000, median 1989 |
| Median sold price | $912,500 over the last twelve months |
| Sold price range | $650,000 to $1,600,000 |
| Price per square foot | About $302 median |
| HOA dues | $581 median a month, reported on 13 of 13 listings |
| Waterfront | None of the 13 recent listings reported water frontage |
| Private pools | 10 of 13 |
| Garage | 13 of 13 listings reported a garage |
| Property tax | About $9,711 median annual, ranging widely with assessment history |
| Days on market | 57 days median, at about 96 percent of original asking price |
| Location | Indialantic, 32903 |
The Sanctuary 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.
What The Fee Actually Covers
$581 a month medianA fee is not good or bad on its own. What matters is the budget behind it, whether the reserves are funded, and what has been special assessed in the last three years. I read the budget, the reserve study and two years of minutes before you go under contract.
The Tax Bill Resets
About $9,711 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 96 percent of original listA 57 day median with closings near 96 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 Sanctuary Features
Association On Record
A median of $581 a month across 13 of the 13 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Pools Are Standard
10 of the last 13 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.
A Very Wide Price Range
From $650,000 to $1,600,000 on the same streets, so condition and location inside the plat decide price far more than the address does.
Original Era Housing
Median year built is 1989. 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
13 of the 13 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 Sanctuary
Every active The Sanctuary listing, straight from the MLS and updated as it changes.
The Sanctuary Frequently Asked Questions
What do homes sell for in The Sanctuary?
The median closed price over the last twelve months was $912,500 across eleven sales, ranging $650,000 to $1,600,000. Median price per square foot was $302.
Does The Sanctuary have an HOA?
Yes. The median reported association fee is $581 a month, on 13 of the 13 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
How far is The Sanctuary from the beach?
Indialantic is a barrier island city, so the Atlantic is a short walk or a two minute drive from anywhere in the neighborhood. None of these properties carry water frontage on record, which is part of why the pricing sits where it does.
Can you negotiate on price in The Sanctuary?
Sellers closed at about 96 percent of original list over the last year. There is some room, and it tends to show up on properties that have already had a price cut. I price the offer off the specific comparable sales, not the neighborhood average.
Are there pool homes in The Sanctuary?
Yes. 10 of the 13 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 Sanctuary?
The median bill on record is about $9,711, 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 Sanctuary?
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 Sanctuary sits in Indialantic, in the 32903 zip code, on Peregrine, Hummingbird, Mallard and Oriole. 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 Sanctuary In Indialantic
Considering The Sanctuary?
If The Sanctuary 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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