Castaway Cove
Castaway Cove is a gated residential community of over 400 houses located in the South Beach area on the southern barrier island. The property stretches from the Atlantic Ocean to the Indian River Lagoon and is organized into six gated enclaves called Waves.
What Is Castaway Cove Like?
A gated community of over 400 homes spanning from the Atlantic Ocean to the Indian River, Castaway Cove is organized into six distinct enclaves known as Waves. Amenities include beach access with a pavilion, tennis courts, a community pool, and a riverfront park with private boat docks.
Setting is near ocean, access is gated, and the Ocean Drive village is 8 min drive away. Club membership is none.
Castaway Cove Amenities
- ✓Deeded beach access with a pavilion and picnic area
- ✓Community swimming pool
- ✓Tennis courts
- ✓Riverside park with private boat docks along the Intracoastal Waterway
Types of Homes in Castaway Cove
- ✓Single-family houses distributed across six distinct enclaves known as Waves
Location and Getting Around
Castaway Cove is situated in the South Beach area near the ocean, spanning the width of the barrier island from the Atlantic Ocean to the Indian River. Waves I, III, and VI are positioned on the ocean side, while Waves II, IV, and V are situated on the riverfront. The Ocean Drive village area is roughly an eight-minute drive to the north.
HOA and Associations
There is no required club membership in Castaway Cove.
What Homes Have Sold For
Castaway Cove single-family homes sold for a median of $1 million in the 12 months ending November 2026, based on 19 qualified sales in Indian River County Property Appraiser records.
| Home type | Sales | Price range | Median |
|---|---|---|---|
| Houses | 19 | $695K to $4.2M | $1M |
See current Castaway Cove homes for sale and prices with The Reynolds Team of Compass.
Recorded sales over the 12 months ending November 2, 2026. Source: Indian River County Property Appraiser public records. Excludes non-market transfers.
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Get your valuationCastaway Cove Frequently Asked Questions
Is Castaway Cove a gated community?
Yes, Castaway Cove is a gated community divided into six gated enclaves known as Waves.
How many homes are in Castaway Cove?
Castaway Cove has over 400 homes.
What amenities are available in Castaway Cove?
Residents have access to deeded beach access with a pavilion and picnic area, a community pool, tennis courts, and a riverside park with private boat docks on the Intracoastal Waterway.
Is a club membership required in Castaway Cove?
No, there is no required club membership.
How far is Castaway Cove from the village area?
The Ocean Drive village area is roughly an eight-minute drive north.