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.

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Absorption Report

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

Subdivisions/Buildings Median Price
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Armen Groves

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. ... Read more
Median Price: $571,466
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Carlton Groves

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. ... Read more
Median Price: $351,900
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Citrus River Groves

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. ... Read more
Median Price: $500,000
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Colony Park

Colony Park is a subdivision in Merritt Island, Florida. It currently has . It is located in Brevard County.
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Island Crossings

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. ... Read more
Median Price: $474,950
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Market Trends

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Real Estate News

New Homes For Sale This Week in Merritt Island: October 10th to October 16th

New Homes For Sale This Week in Merritt Island: October 10th to October 16th - October 17, 2025

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 ... continue reading
New Construction Homes For Sale This Week in Merritt Island: October 8th to October 14th

New Construction Homes For Sale This Week in Merritt Island: October 8th to October 14th - October 15, 2025

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 ... continue reading
Homes Just Sold in Merritt Island: October 7th to October 13th

Homes Just Sold in Merritt Island: October 7th to October 13th - October 14, 2025

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 ... continue reading
New Homes For Sale This Week in Merritt Island: October 3rd to October 9th

New Homes For Sale This Week in Merritt Island: October 3rd to October 9th - October 10, 2025

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 ... continue reading
Homes Just Sold in Merritt Island: September 30th to October 6th

Homes Just Sold in Merritt Island: September 30th to October 6th - October 7, 2025

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 ... continue reading
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