Merritt Island offers 28 subdivisions and condo buildings, ranging from established resale-only pockets to newer, new-construction communities like Horti, Sunset Lakes and Surfside Estates. Hampton Homes stands out as the largest and most active community on the island, with more listings moving through it than any other neighborhood, making it a useful benchmark for gauging market pace here. Older, well-established communities such as Armen Groves, Diana Shores, River Moorings and Pelican Creek Estates turn over slowly and rarely see multiple homes on the market at once, while condo buyers gravitate toward Merritt Towers, Island Pointe and Treasure Coast Harbour Villas for lower-maintenance living near the water. There is no dedicated 55+ active adult community on this list, so buyers of all ages compete for the same inventory. Pricing across these neighborhoods spans from entry-level single-family homes into the seven figures for riverfront and new-construction properties, which makes Merritt Island a fit for first-time buyers, move-up families and waterfront-focused buyers alike, all drawn by the barrier-island lifestyle and proximity to Cocoa Beach and the Space Coast.