Merritt Island, FL, Real Estate
Merritt Island, Florida, is a vibrant coastal community in Brevard County, nestled between the Atlantic Ocean and the Indian River Lagoon. Known for its unique position as a barrier island, it’s home to the Kennedy Space Center Visitor Complex, where space exploration history captivates tourists and locals alike. The area boasts rich biodiversity, with the Merritt Island National Wildlife Refuge offering opportunities to spot manatees, alligators, and migratory birds. Its proximity to Cocoa Beach and Cape Canaveral makes it a hub for beachgoers and rocket launch enthusiasts. With a blend of suburban neighborhoods, waterfront views, and a laid-back vibe, Merritt Island is a gem for those seeking natural beauty and a connection to space exploration.
Merritt Island currently has 53 single family homes for sale with an average list price of $713,615.09, 4 townhouses for sale with an average list price of $408,000, 8 condos for sale with an average list price of $239,375, and 6 lots for sale with an average list price of $982,333.17. The average annual property tax for Merritt Island is $3,295.82.
Schools
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Schools
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Merritt Island, i.e. what's hot and what's not.
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Recent Sales
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Subdivisions/Buildings
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Armen Groves is a single-family home community in Merritt Island, Florida, built in 2024 by K. Hovnanian Homes. It currently has no homes for sale. The homes range in size from 2,379 ft2 to 2,842 ft2. The HOA fees range from $100 to $100 per month. The average annual property tax for Armen Groves is $353. It is located in Brevard County.
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Median Price: $571,466 |
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Carlton Groves is a single-family home community in Merritt Island, Florida, built between 1964 and 1966. It currently has 1 single family home for sale with a list price of $370,000. The homes range in size from 1,090 ft2 to 1,730 ft2. The average annual property tax for Carlton Groves is $2,275.63. It is located in Brevard County.
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Median Price: $351,900 |
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Citrus River Groves is a single-family home community in Merritt Island, Florida, built between 1986 and 1997. It currently has 1 single family home for sale with a list price of $470,000. The homes range in size from 1,860 ft2 to 2,803 ft2. The HOA fees range from $6 to $6 per month. The average annual property tax for Citrus River Groves is $2,132.59. It is located in Brevard County.
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Median Price: $500,000 |
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Colony Park is a subdivision in Merritt Island, Florida. It currently has . It is located in Brevard County.
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Island Crossings is a single-family home community in Merritt Island, Florida, built in 1996. It currently has 1 single family home for sale with a list price of $545,000. The homes range in size from 2,061 ft2 to 2,374 ft2. The HOA fees range from $33 to $368 per month. The average annual property tax for Island Crossings is $4,015.68. It is located in Brevard County.
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Median Price: $474,950 |
Show all 12 Subdivisions/Buildings
Subdivisions/Buildings
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Market Trends
Merritt Island home sales for the month of September stayed the same in volume when compared to last year, while the median sale price decreased by 29.3% from $598,000 to $422,500. House sales decreased by 50%, while the median sale price decreased by 28.9% from $598,000 to $425,000. Condo sales stayed the same, while the median sale price stayed the same. Townhouse sales stayed the same, while the median sale price stayed the same.
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$399,500
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$478,000
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$468,000
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$505,000
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Median Sale Price for Merritt Island
Number of Sales for Merritt Island
Market Trends
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Real Estate News
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Merritt Island had 7 new homes for sale during the week of Friday, October 10 to Thursday, October 16, including including 5 single family homes for sale with an average ...
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Merritt Island had only 1 new construction home during the week of Wednesday, October 8 to Tuesday, October 14, and it was a single family home for sale with a ...
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Merritt Island had 2 sales during the week of Tuesday, October 7 to Monday, October 13, including including 1 single family home for sale with a list price of $259,000 ...
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Merritt Island had 7 new homes for sale during the week of Friday, October 3 to Thursday, October 9, including including 2 single family homes for sale with an average ...
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Merritt Island had 3 sales during the week of Tuesday, September 30 to Monday, October 6, including including 2 single family homes for sale with an average list price of ...
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Real Estate News
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