Homes for sale inMerritt Island, Florida
Space Coast island living between two rivers
38
Homes for sale
$511,900
Median list price
$321
Avg price / sqft
53
Median days on market
Merritt Island sits between the Indian and Banana Rivers on Florida's Space Coast, a water-wrapped community where boat lifts and canal docks are as common as two-car garages. The island suits buyers who want quiet, established neighborhoods with real access to the water — plus an easy reach to the beaches, the Kennedy Space Center workforce, and the wider Brevard County economy.
Today's market offers 38 active listings at a median list price of $511,900, with homes moving in a median of 53 days. Nearly a third of what's for sale is on the water, so if you're after waterfront homes or a backyard pool you have real choices — and sellers are currently getting about 96% of asking, which tells you negotiation is on the table without being a free-for-all.
Merritt Island is in Brevard County, Florida.
Quick facts
$175,000 – $16M price range
1,688 sqft median home
Seller’s market right now
Drive times
Living in Merritt Island
Merritt Island is a large barrier island on Florida's Space Coast, sitting between the Indian River to the west and the Banana River to the east, with the Atlantic beaches of Cocoa Beach and Cape Canaveral just beyond. The island's identity is tied to the water and to the space industry — the northern end is dominated by the Kennedy Space Center and the Merritt Island National Wildlife Refuge, while the southern and central areas are residential. That mix gives the place a quieter, lived-in feel than the tourist strips across the river.
This is a community that rewards people who want space, a yard, and genuine water access. Canal-front homes with boat lifts are common, and the island layout means much of daily life happens outdoors — boating, fishing, and pool living. With 162 homes sold over the past year, it's an active market, but the 53-day median time on market signals a steady pace rather than frenzy.
Merritt Island suits boaters, space-industry and defense workers, retirees drawn to the warm climate, and families who want an established neighborhood close to the beach. It's less suited to buyers who need a dense walkable downtown or brand-new construction, since the island is overwhelmingly built out with established single-family homes.
Neighborhoods and communities in Merritt Island
Merritt Island is a patchwork of established neighborhoods rather than a single master-planned development, which means character and price vary block by block. Waterfront and canal access are the biggest drivers of value, and roughly 11 of the current 38 active listings sit on the water. Exploring a few named communities is the best way to understand the range.
Diana Shores and Sunset Lakes are good starting points for buyers who want an established residential feel, while Indianola sits along the Indian River side of the island. Angel City and Hampton Homes round out the notable communities worth comparing as you narrow your search.
Because gated options are limited — just three active listings are in gated communities — most buyers here choose a neighborhood based on water access, lot size, and school zone rather than amenities. If a dock and a short run to open water matter most, focus on the canal neighborhoods; if you'd rather have a pool and a yard inland, you'll find more inventory and often more house for the money.
Homes for sale in Merritt Island: prices and housing
The current market shows 38 active listings at a median list price of $511,900, with an average of about $321 per square foot on a median home size of roughly 1,688 square feet. The range is unusually wide for a single market — from $175,000 at the entry level to $16,000,000 for top riverfront estates — which reflects how much a waterfront lot changes the equation. Over the last 12 months, 162 homes sold at a median of $462,500, and sellers averaged 96% of their asking price.
The housing stock is dominated by single-family homes, with 32 of the 38 active listings in that category, plus a handful of condos, townhomes, and a duplex half. If you want a pool, 13 active listings have one, and there are six luxury homes priced above $1 million. For attached living, the townhomes and condos inventory is small, so expect limited choices.
New construction is essentially absent — there are no active new-construction listings — so this is an established-home market. Carrying costs are moderate: the median HOA is about $139 per month where one applies, and many older neighborhoods have no HOA at all, while the median annual property tax runs around $3,838. Always confirm the specific HOA and tax figures on any individual home, since both vary significantly across the island.
Schools in Merritt Island
Merritt Island is served by Brevard Public Schools, and the schools most commonly assigned to island addresses include Tropical Elementary School, Lewis Carroll Elementary School, Mila Elementary School, and Audubon Elementary School at the elementary level. For older students, Thomas Jefferson Middle School and Merritt Island High School are the typical assignments.
Because the island covers a lot of ground, the specific elementary assignment can change from one neighborhood to the next. If schools are a priority in your search, verify the exact zone for any address directly with Brevard Public Schools rather than relying on a general area assignment.
Confirming the zone before you make an offer is especially important here given how many separate neighborhoods share the island. A quick check with the district's school-locator tool will tie a specific home to its assigned elementary, middle, and high school.
Getting around Merritt Island
Merritt Island is connected to the mainland and the beaches by a series of causeways and bridges, with the SR 520 and SR 528 (Beachline) corridors carrying most of the traffic. Day-to-day life is car-dependent, and most residents stay local for work, errands, and beach access rather than commuting far.
For trips inland, the island is a reasonable drive from the Orlando metro: Orlando International Airport is about 53 minutes away, downtown Orlando roughly 58 minutes, and Universal Orlando around 68 minutes. The Beachline makes that westbound run straightforward, which is a plus for travelers and for anyone who occasionally works on the Orlando side.
Within the island, expect typical suburban driving — short hops to grocery stores, marinas, and the beaches across the Banana River. Boaters often find the water is the most direct route to the places they care about, which is part of the appeal of a canal-front address.
Is Merritt Island a good place to live?
For the right buyer, Merritt Island is a compelling choice: water on both sides, established single-family neighborhoods, a genuine boating lifestyle, and quick access to the Space Coast beaches and the Kennedy Space Center workforce. The market is active but not overheated, with a 53-day median time on market and sellers averaging 96% of asking, which gives buyers real room to negotiate. Moderate carrying costs — a median tax near $3,838 a year and modest HOA fees where they exist — add to the appeal.
The trade-offs are worth naming. There's virtually no new construction, so buyers wanting a brand-new home will need to look at renovation or build on land; attached-home inventory is thin; and the island is car-oriented without a dense walkable core. The wide price range also means waterfront commands a steep premium over inland homes.
If your priorities are a yard, a pool or a dock, and a quieter coastal pace within reach of Orlando, Merritt Island delivers. Start by comparing the waterfront listings against inland neighborhoods, confirm the school zone and HOA on any home, and watch the just reduced and open houses this week to time your offer well.
Fresh on the market
Newest homes in Merritt Island
View all 38 homes →
$699,000
45 ARTEMIS BOULEVARD, MERRITT ISLAND
3 bd · 2 ba · 1,638 sqft
$599,900
4774 NAVAHO TRAIL, MERRITT ISLAND
3 bd · 2.5 ba · 2,871 sqft
$16,000,000
6075 S TROPICAL TRAIL, MERRITT ISLAND
4 bd · 5.5 ba · 11,749 sqft
$699,999
3726 SUNWARD DRIVE, MERRITT ISLAND
5 bd · 4 ba · 2,930 sqft
$2,200,000
5140 DEL SOL DRIVE, MERRITT ISLAND
4 bd · 5 ba · 4,188 sqft
$339,900$349,900
22 OCEAN STREET, MERRITT ISLAND
3 bd · 2 ba · 1,282 sqft
$324,990
340 FISHER LANE, MERRITT ISLAND
4 bd · 4 ba · 1,460 sqft
$495,000$498,900
2591 SYKES CREEK DRIVE, MERRITT ISLAND
3 bd · 2.5 ba · 2,529 sqft
$549,000$559,000
2700 RAINTREE LAKE CIRCLE, MERRITT ISLAND
4 bd · 3 ba · 2,346 sqft
$330,000$335,000
105 CARIB DRIVE, MERRITT ISLAND
3 bd · 2 ba · 1,529 sqft
$749,000$839,000
1373 BENT PALM DRIVE, MERRITT ISLAND
5 bd · 3 ba · 4,036 sqft
$299,000
380 HUNT DRIVE, MERRITT ISLAND
3 bd · 2 ba · 1,092 sqft
35 of 38 active listings shown
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Property features
The numbers that matter
The Merritt Island market
Seller’s market
2.4 months of inventory
Homes sell fast and inventory is thin — buyers should come prepared.
162
Sold, last 12 months
$462,500
Median sold price
96%
Sale-to-list ratio
What sellers actually get vs asking
40 days
Median time to sell
Merritt Island vs Brevard County
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 7.1% yr/yr
Homes on the market
▼ 49.5% yr/yr
Homes sold per month
Live Stellar MLS data — listings and closed sales in Merritt Island, FL. Rolling medians smooth single-month swings in thin markets.
Where to look
Merritt Island neighborhoods
Diana Shores
1 home · $649K median
Hampton Homes
1 home · $325K median
Angel City
1 home · $749K median
Sunset Lakes
1 home · $700K median
Indianola
1 home · $175K median
Show all 11 Merritt Island neighborhoods A–ZHide the full neighborhood list+
Neighborhood boundaries by edgeAI — listings matched to the actual polygon, not agent-entered subdivision names.
For the school run
School zones with homes for sale
Homes matched to official attendance boundaries — always verify zoning with the district.
Beyond the listings
Living in Merritt Island
Water on both sides
Flanked by the Indian and Banana Rivers, the island has 11 active waterfront listings and plenty of canal-and-dock single-family homes.
Established single-family character
Of 38 active listings, 32 are single-family houses — this is a neighborhoods-and-yards market, not a condo tower one.
Room to negotiate
With a median 53 days on market and sellers averaging 96% of asking, buyers have leverage without a chaotic bidding environment.
A genuine luxury tier
Six active listings sit above $1M, and the price range tops out at $16,000,000 for riverfront estates.
Pools are the norm
Thirteen active listings include a pool, reflecting how central outdoor living is to island life here.
Population
34,718
Median age
49.8
Median income
$91,020
Median home value
$379,700
What people here are into
Culture
Top 24% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Lifestyles
Nerd Culture
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Pieces of History
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Active
Fitness Obsession
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Beliefs
Conservation
Good stewards of the earth, this population advocates for a cleaner environment and responsible use of resources. They often encourage others to recycle and use clean energy.
Entertainment
Lighthearted Fun
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
What it really costs
Owning here
Owning the median Merritt Island home
≈ $3,366/mo
$511,900 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
21%
In a FEMA flood zone
Ask about flood insurance early — it changes the payment
Straight answers
Merritt Island real estate FAQs
Is Merritt Island a good place to live?+
It's a strong fit for buyers who value water access, established neighborhoods, and proximity to the Space Coast beaches and employers. With 162 homes sold in the last 12 months and a steady 53-day median time on market, it's an active but unhurried community. The single-family character and canal frontage make it especially appealing to boaters and people wanting a yard.
Is Merritt Island expensive?+
It sits in the mid-range for coastal Brevard. The median list price is $511,900 and the median sold price over the past year was $462,500, so buyers are generally transacting below list. You can also browse by price — listings start as low as $175,000, though waterfront and luxury homes push the top of the range to $16,000,000.
What do homes cost in Merritt Island?+
Expect a median list price around $511,900 and an average of about $321 per square foot, on a median home size of roughly 1,688 square feet. The spread is wide — entry-level listings begin near $175,000, while six active luxury homes are priced above $1 million. Where a home lands usually comes down to whether it's on the water and whether it has a pool.
How is the Merritt Island housing market right now?+
There are 38 active listings and homes are taking a median of 53 days to sell, which points to a balanced, buyer-friendly pace. Over the past year 162 homes sold, with sellers averaging 96% of asking price. It's a market where well-priced homes move and buyers have room to negotiate on the rest — worth watching the just reduced listings.
What are HOA fees and property taxes like?+
Many Merritt Island neighborhoods are older and have little or no HOA, but where fees apply the median is about $139 per month. The median annual property tax runs around $3,838. Always confirm the specific HOA and tax figure on any home, since they vary widely across the island's communities.
What schools serve Merritt Island?+
Assigned schools commonly include Tropical Elementary, Lewis Carroll Elementary, Mila Elementary, and Audubon Elementary at the elementary level, Thomas Jefferson Middle School, and Merritt Island High School. School zones depend on your exact address, so verify the assignment with Brevard Public Schools before you commit to a home.
What's the commute from Merritt Island?+
Merritt Island is oriented toward the Space Coast more than Orlando, but the inland drive is manageable: Orlando International Airport is about 53 minutes, downtown Orlando roughly 58 minutes, and Universal Orlando around 68 minutes. Day to day, most residents stay local for work, the beaches, and errands.
Is there new construction or gated communities in Merritt Island?+
New construction is scarce — there are currently no active new-construction listings, so this is mostly an established-home market. There are a few gated communities (3 active listings) if that's a priority, and plenty of established neighborhoods like Diana Shores and Indianola to explore.
Keep exploring
Nearby areas
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.
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