1029 -1031 Park Drive, Indian Harbour Beach, FL 32937

$3,025,000

Property Type: Residential Income Square Footage: 26,476 Lot Size (sq. ft.): 50,965 Status: Closed

Current Price: $3,025,000 List Date: 7/20/2018 Last Modified: 8/07/2026

Overview

Description

RARE FIND!! 100% OCCUPANCY 32 Unit RENOVATED Concrete Block Apartment Complexes (1029-1031) w/gated POOL,Outside Shower,Onsite Laundry,Restroom,Barbecue/Patio Area & Manager Office. 1Block to the Atlantic Ocean(Public BEACH Access). 1.17 Acre Parcel. 2Bed 1Bath Units (2 layout styles). NEW Windows, Doors, Electrical, Appliances,All Tile Flooring... Huge List. Sold AS-IS Right to Inspect.

Listing Details MLS# 819624

General Property Information

Number Of Units Total: 32
Living Area: 26140
Living Area Source: Public Records
Building Area Total: 26476
Year Built: 1964
Garage YN: No
Carport YN: No
Parking Total: 41
Lot Size Acres: 1.17
Lot Size Square Feet: 50965
Lot Size Dimensions: 375x140
Association YN: No
Property Use: C
Use Code: 03
Water Body Access YN: No
Waterfront YN: No
Pool Private YN: Yes
List Price/SqFt: 126.24
Sold Price/SqFt: 115.72

Property Features

Appliances: Electric Range; Microwave; Refrigerator Association Amenities: Management - Live In; Management - On Site Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric Financial Data Source: Owner Flooring: Tile Levels: Two Listing Terms: Cash; Conventional Owner Pays: Electricity; Grounds Care; Insurance; Management; Pool Maintenance; Repairs; Sewer; Taxes; Trash Collection; Water Parking Features: Other Pool Features: In Ground; Other Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Special Listing Conditions: Standard Utilities: Electricity Available; Separate Electric Meters; Sewer Connected; Water Available Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; No Sign

Contract Information

Original List Price: 3299900
Listing Contract Date: 2018-07-18
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 1029 -1031
Street Name: Park
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: Seminole Heights

Remarks and Miscellaneous

Public Remarks: RARE FIND!! 100% OCCUPANCY 32 Unit RENOVATED Concrete Block Apartment Complexes (1029-1031) w/gated POOL,Outside Shower,Onsite Laundry,Restroom,Barbecue/Patio Area & Manager Office. 1Block to the Atlantic Ocean(Public BEACH Access). 1.17 Acre Parcel. 2Bed 1Bath Units (2 layout styles). NEW Windows, Doors, Electrical, Appliances,All Tile Flooring... Huge List. Sold AS-IS Right to Inspect.

Status Change Information

Major Change Timestamp: 2018-08-25T14:36:50Z
Major Change Type: Status Change
Status Change Timestamp: 2018-08-25
Purchase Contract Date: 2018-08-02
Close Date: 2018-08-24
Close Price: 3025000

More Information

Closing Company Details

Closing Company Name: Alliance Title of Treasure Coast
Closing Company Address: 725 Commerce Center Dr Suite A, Sebastian FL 32958

Income and Expenses

Gross Income: 7200
Gross Scheduled Income: 351240
Net Operating Income: 236885
Operating Expense: 121555

Historical Information

Public Historical Remarks 3: Contact: List Agent, Zoning: Multi 10+, Expenses Include-License Permits: Y

Listing Office: Santana Real Estate LLC

Last Updated: August - 07 - 2026

Information is deemed to be reliable, but is not guaranteed.