Living in Florida's Space Coast
WATERWAY TOWNHOMES
Waterway Townhomes is the neighborhood in Satellite Beach where $387,500 was the median across three closed sales in the last twelve months, four of four properties front a canal, and the association runs about $645 a month. Built 1975 to 1980.
Waterway Townhomes In Satellite Beach, Florida
Waterway Townhomes sits in Satellite Beach, in the 32937 zip code, on Meadowlark and Blue Jay. Over the last twelve months three of the four properties I tracked here actually closed, at a $387,500 median.
The housing stock is 2 townhouses and 2 condos, built 1975 to 1980. Sizes are consistent enough that the comparable sales here read cleanly.
Sellers closed at about 93 percent of original list, a normal working spread for beachside Brevard. The room that exists shows up on properties that have already cut once.
four of the four properties front a canal, 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.
Waterway Townhomes At A Glance
Every figure below comes from the last twelve months of Satellite Beach market data for this neighborhood. Nothing here is an estimate.
| Detail | What you get |
|---|---|
| Housing type | 2 townhouses and 2 condos |
| Home size range | Roughly 1,425 to 1,668 square feet, median about 1,668 |
| Bedrooms and baths | two to three bedrooms, three baths |
| Lot size | 0.06 to 0.09 acres, median about 0.08 |
| Year built | 1975 to 1980, median 1977 |
| Median sold price | $387,500 over the last twelve months |
| Sold price range | $358,000 to $420,000 |
| Price per square foot | About $232 median |
| HOA dues | $645 median a month, reported on 4 of 4 listings |
| Waterfront | 4 of 4, on a canal |
| Private pools | None reported on the four recent listings |
| Garage | 1 of 4 listings reported a garage |
| Property tax | About $3,486 median annual, ranging widely with assessment history |
| Days on market | 20 days median, at about 93 percent of original asking price |
| Location | Satellite Beach, 32937 |
Waterway Townhomes 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 $3,486 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 20 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.
Waterway Townhomes Features
Waterfront Is Standard
4 of the 4 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 $645 a month across 4 of the 4 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 1977. Roof age, wiring and plumbing are the three things that decide both your insurance quote and your first five years of budget.
Minutes To The Ocean
The Atlantic is a short walk east and the Banana River a short walk west, with the Pineda and Eau Gallie causeways putting you on the mainland in about ten minutes.
Moves Fast
Median days on market was 20. Financing has to be settled before you start looking, because properties here go under contract before most buyers finish scheduling a showing.
Homes For Sale In Waterway Townhomes
Every active Waterway Townhomes listing, straight from the MLS and updated as it changes.
Waterway Townhomes Frequently Asked Questions
What do homes sell for in Waterway Townhomes?
The median closed price over the last twelve months was $387,500 across three sales, ranging $358,000 to $420,000. Median price per square foot was $232.
Does Waterway Townhomes have an HOA?
Yes. The median reported association fee is $645 a month, on 4 of the 4 listings. What it covers varies, so I read the budget, the reserve study and the assessment history before you go under contract.
Is Waterway Townhomes waterfront?
4 of the 4 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 Waterway Townhomes?
Sellers closed at about 93 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 Waterway Townhomes?
The median bill on record is about $3,486, 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 Waterway Townhomes?
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.
Satellite Beach, 32937
Waterway Townhomes sits in Satellite Beach, in the 32937 zip code, on Meadowlark and Blue Jay. The city runs about three miles north to south on the barrier island, between Patrick Space Force Base and Indian Harbour Beach, and it is under a mile wide at most points.
The Atlantic is east and the Banana River is west, and neither is far from anywhere here. The Pineda Causeway at the north end and the Eau Gallie Causeway just south put you on the mainland in about ten minutes, which is why so many buyers work in Melbourne or at the base and still live on the beach.
Near Waterway Townhomes In Satellite Beach
Considering Waterway Townhomes?
If Waterway Townhomes is on your list, my partner Nichole and I are the agents to call. We work Satellite 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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