Living in Florida's Space Coast
LYME BAY
Lyme Bay is the townhouse neighborhood in Indian Harbour Beach where $370,000 was the median across five closed sales in the last twelve months, the association runs about $167 a month, and sellers closed at about 95 percent of original list. Built 1977 to 1982.
Lyme Bay In Indian Harbour Beach, Florida
Lyme Bay sits in Indian Harbour Beach, in the 32937 zip code, on Hawthorne and Summerset. Over the last twelve months five of the seven properties I tracked here actually closed, at a $370,000 median.
The housing stock is 7 townhouses, built 1977 to 1982. Sizes are consistent enough that the comparable sales here read cleanly.
Sellers closed at about 95 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 $167 a month across 7 of the 7 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.
Lyme Bay At A Glance
Every figure below comes from the last twelve months of Indian Harbour Beach market data for this neighborhood. Nothing here is an estimate.
| Detail | What you get |
|---|---|
| Housing type | 7 townhouses, mostly one story |
| Home size range | Roughly 1,172 to 1,721 square feet, median about 1,300 |
| Bedrooms and baths | two to three bedrooms, two to three baths |
| Lot size | 0.07 to 0.24 acres, median about 0.09 |
| Year built | 1977 to 1982, median 1980 |
| Median sold price | $370,000 over the last twelve months |
| Sold price range | $355,000 to $380,000 |
| Price per square foot | About $285 median |
| HOA dues | $167 median a month, reported on 7 of 7 listings |
| Waterfront | None of the seven recent listings reported water frontage |
| Private pools | None reported on the seven recent listings |
| Garage | 7 of 7 listings reported a garage |
| Property tax | About $3,890 median annual, ranging widely with assessment history |
| Days on market | 64 days median, at about 95 percent of original asking price |
| Location | Indian Harbour Beach, 32937 |
Lyme Bay 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
$167 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 $3,890 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 95 percent of original listA 64 day median with closings near 95 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.
Lyme Bay Features
Association On Record
A median of $167 a month across 7 of the 7 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Mostly Single Story
6 of the 7 listings reporting stories were one level, typical of when this was platted.
Original Era Housing
Median year built is 1980. 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
7 of the 7 listings reported a garage, which on the beachside is less common than buyers expect.
Minutes To The Ocean
The Eau Gallie Causeway lands at the north edge of the city, which makes this the shortest mainland commute of any beach address in the county.
Normal Market Time
Median days on market was 64. Nothing about the pace here forces a rushed decision.
Homes For Sale In Lyme Bay
Every active Lyme Bay listing, straight from the MLS and updated as it changes.
Lyme Bay Frequently Asked Questions
What do homes sell for in Lyme Bay?
The median closed price over the last twelve months was $370,000 across five sales, ranging $355,000 to $380,000. Median price per square foot was $285.
Does Lyme Bay have an HOA?
Yes. The median reported association fee is $167 a month, on 7 of the 7 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 Lyme Bay from the beach?
Indian Harbour Beach 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 Lyme Bay?
Sellers closed at about 95 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.
What are property taxes like in Lyme Bay?
The median bill on record is about $3,890, 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 Lyme Bay?
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.
Indian Harbour Beach, 32937
Lyme Bay sits in Indian Harbour Beach, in the 32937 zip code, on Hawthorne and Summerset. This is the smallest of the beachside cities, wedged between Satellite Beach to the north and Indialantic to the south.
The Eau Gallie Causeway lands right at the northern edge, which gives Indian Harbour Beach the shortest mainland commute of any beach address in the county. Within a mile you can go from a townhouse in the four hundreds to a seven figure island home.
Near Lyme Bay In Indian Harbour Beach
Considering Lyme Bay?
If Lyme Bay is on your list, my partner Nichole and I are the agents to call. We work Indian Harbour Beach 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.
Want an updated beachside 3 bedrm home that won't break the bank?! Updated & Move-in Ready! Feels like an actual home w/o the home price! Kitchen has crushed seaglass cou...
- 3 Beds
- 3 Baths
- 1070130 MLS
