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 73 single family homes for sale with an average list price of $838,077.95, 4 townhouses for sale with an average list price of $404,000, 18 condos for sale with an average list price of $496,733.33, and 8 lots for sale with an average list price of $615,237.25. The average annual property tax for Merritt Island is $3,348.44.

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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 1962 and 1966. It currently has 1 single family home for sale with a list price of $374,500. The homes range in size from 1,090 ft2 to 1,730 ft2. The average annual property tax for Carlton Groves is $2,247.50. It is located in Brevard County. ... Read more
Median Price: $335,950
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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 no homes for sale. 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 $525,000. The homes range in size from 2,061 ft2 to 2,374 ft2. The HOA fees range from $29 to $33 per month. The average annual property tax for Island Crossings is $4,066.69. It is located in Brevard County. ... Read more
Median Price: $497,450
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Market Trends

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Real Estate News

New Homes For Sale This Week in Merritt Island: November 21st to November 27th

New Homes For Sale This Week in Merritt Island: November 21st to November 27th - November 28, 2025

Merritt Island had 2 new homes for sale during the week of Friday, November 21 to Thursday, November 27, including including 2 single family homes for sale with an average ... continue reading
Homes Just Sold in Merritt Island: November 18th to November 24th

Homes Just Sold in Merritt Island: November 18th to November 24th - November 25, 2025

Merritt Island had 2 sales during the week of Tuesday, November 18 to Monday, November 24, including including 2 single family homes for sale with an average list price of ... continue reading
New Homes with In-ground Swimming Pools in Merritt Island: November 16th to November 22nd

New Homes with In-ground Swimming Pools in Merritt Island: November 16th to November 22nd - November 23, 2025

Merritt Island had only new homes for sale with an in-ground swimming pool during the month of Sunday, November 16 to Saturday, November 22, and it was a single ... continue reading
New Homes For Sale This Week in Merritt Island: November 14th to November 20th

New Homes For Sale This Week in Merritt Island: November 14th to November 20th - November 21, 2025

Merritt Island had 4 new homes for sale during the week of Friday, November 14 to Thursday, November 20, including including 2 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Merritt Island: November 12th to November 18th

New Construction Homes For Sale This Week in Merritt Island: November 12th to November 18th - November 19, 2025

Merritt Island had only 1 new construction home during the week of Wednesday, November 12 to Tuesday, November 18, and it was a single family home for sale with a ... continue reading
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