Living in Florida's Space Coast
SOMERSET OCEANFRONT
Somerset Oceanfront is the condo building in Indian Harbour Beach where $929,000 was the median across nine closed sales in the last twelve months, 14 of 14 properties front the Atlantic, and the association runs about $1,010 a month. Built 2003 to 2004.
Somerset Oceanfront In Indian Harbour Beach, Florida
Somerset Oceanfront sits in Indian Harbour Beach, in the 32937 zip code, on A1A. Over the last twelve months nine of the 14 properties I tracked here actually closed, at a $929,000 median.
The housing stock is 14 condos, built 2003 to 2004. Sizes are consistent enough that the comparable sales here read cleanly.
Sellers closed at about 91 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.
14 of the 14 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.
Somerset Oceanfront 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 | 14 condos, mostly one story |
| Home size range | Roughly 1,832 to 2,578 square feet, median about 2,225 |
| Bedrooms and baths | three bedrooms, two to three baths |
| Year built | 2003 to 2004, median 2004 |
| Median sold price | $929,000 over the last twelve months |
| Sold price range | $786,000 to $1,140,000 |
| Price per square foot | About $393 median |
| HOA dues | $1,010 median a month, reported on 14 of 14 listings |
| Waterfront | 14 of 14, on the Atlantic |
| Private pools | 1 of 14 |
| Garage | 14 of 14 listings reported a garage |
| Property tax | About $8,364 median annual, ranging widely with assessment history |
| Days on market | 116 days median, at about 91 percent of original asking price |
| Location | Indian Harbour Beach, 32937 |
Somerset Oceanfront 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 $8,364 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 91 percent of original listA 116 day median with closings near 91 percent of the original asking price. That is a genuine gap and it is where a prepared buyer makes money.
Somerset Oceanfront Features
Waterfront Is Standard
14 of the 14 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 $1,010 a month across 14 of the 14 listings. I pull the budget, the reserve study and the last two years of minutes before you go under contract.
Pool Homes Here
1 of the last 14 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.
Mostly Single Story
12 of the 14 listings reporting stories were one level, typical of when this was platted.
Newer Construction
Median year built is 2004. Newer roofs and newer wiring generally quote better on insurance, which is worth real money here.
Garages Are Common
14 of the 14 listings reported a garage, which on the beachside is less common than buyers expect.
Homes For Sale In Somerset Oceanfront
Every active Somerset Oceanfront listing, straight from the MLS and updated as it changes.
Somerset Oceanfront Frequently Asked Questions
What do homes sell for in Somerset Oceanfront?
The median closed price over the last twelve months was $929,000 across nine sales, ranging $786,000 to $1,140,000. Median price per square foot was $393.
Does Somerset Oceanfront have an HOA?
Yes. The median reported association fee is $1,010 a month, on 14 of the 14 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
Is Somerset Oceanfront waterfront?
14 of the 14 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 Somerset Oceanfront?
Sellers closed at about 91 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 Somerset Oceanfront?
Yes. 1 of the 14 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 Somerset Oceanfront?
The median bill on record is about $8,364, 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 Somerset Oceanfront?
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
Somerset Oceanfront sits in Indian Harbour Beach, in the 32937 zip code, on A1A. 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 Somerset Oceanfront In Indian Harbour Beach
Considering Somerset Oceanfront?
If Somerset Oceanfront 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.
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