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Merritt Island

Merritt Island

Located in Brevard County

$510,813 Average Value
$268 Average Price per Sq Ft
298 Homes For Sale

Waterfront-living on the eastern Florida coast

Situated between the Indian and Banana Rivers, Merritt Island, which is actually a peninsula, remained secluded until the early 1900s. Today, the community is home to many individuals who enjoy coastal living, seclusion and easy access to everyday essentials. Residents here spend most of their time outdoors, taking advantage of the abundant greenery at Merritt Island National Wildlife Refuge and surfing coastal waves at nearby Cocoa Beach or visiting local monuments like NASA’s John F. Kennedy Space Center. With nearby amenities and the seemingly endless recreational opportunities nearby, Merritt Island locals rarely have to leave the peninsula. “Merritt Island offers residents a nice waterfront community with old Florida charm,” says Rachel Langley, Merritt Island local and Realtor with Blue Marlin Real Estate.

Merritt Island features an abundance of waterfront homes.
Merritt Island features an abundance of waterfront homes.
There is lush greenery and waterways all throughout Merritt Island.
There is lush greenery and waterways all throughout Merritt Island.
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Coastal styles and Mediterranean-inspired homes

Merritt Island features a range of housing options from traditional ranch styles and single-story coastal homes to multi-story Mediterranean-influenced styles. Merritt Island boasts a variety of subdivisions from more modern newly developed homes to those neighboring Savannahs Golf Course and waterfront properties on the Indian River. With a median sales price of $470,000, price points here can range from the low $200,000s to upwards of seven figures depending on the age, size and location of the property. For example, a two-bedroom ranch-style costs around $230,000, while a waterfront eight-bedroom Mediterranean-inspired home can go for around $6 Million. Homes neighboring the river and offering direct water access are subject to increased price points. Homes here often feature community pools and playgrounds and are typically fronted by well-manicured lawns with enough room for a few palm trees and vibrant tropical flora. “Merritt Island attracts families and retirees buying into the area, while many residents have called the community home since the 1960s,” says Langley.

Large, often gated, Multi-Story Mediterranean homes can be found on Merritt Island.
Large, often gated, Multi-Story Mediterranean homes can be found on Merritt Island.
You will find large single-story coastal homes on Merritt Island.
You will find large single-story coastal homes on Merritt Island.
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Shopping at Merritt Square Mall

Residents here shop at Merritt Square Mall, which offers a variety of department stores and retailers to choose from, like Dillard’s, JCPenney and Macy’s. While groceries and other everyday essentials are available at nearby stores like Publix, Aldi and CVS. Dining options here include local favorite Margarita Island, which offers a variety of margarita styles, bar bites and Tex-Mex cuisine or head to Oh K-Dog for a Korean-influenced meal and gourmet iterations of the classic corn dog. For a more casual atmosphere, check out Sally O’Brien’s for classic bar snacks and Irish-pub cocktail iterations.

Residents can find a variety of stores to shop from Merritt Square Mall.
Residents can find a variety of stores to shop from Merritt Square Mall.
Margarita Island is a local favorite on Merritt Island. Serving delicious Mexican cuisine.
Margarita Island is a local favorite on Merritt Island. Serving delicious Mexican cuisine.
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High-marks at Brevard County Schools

Students can attend schools like Robert L. Stevenson Elementary, Thomas Jefferson Middle and Edgewood Junior/Senior High School, which earned ratings of A-minus, B-plus and A-plus from the educational review site, Niche. Robert L. Stevenson Elementary School serves kindergarten through Grade 6 and offers a student-teacher ratio of 16:1, while Thomas Jefferson Middle School offers a Science Research program in addition to core science instruction for further in-depth understanding. Edgewood Junior/Senior High School offers over 25 Advanced Placement (AP) courses for higher education preparation. Private institutions like Merritt Island Christian School and Christian Heritage Academy are also common here.

Robert L. Stevenson Elementary School has an indoor/outdoor style campus.
Robert L. Stevenson Elementary School has an indoor/outdoor style campus.
Edgewood Jr/Sr High School front entrance has a mural.
Edgewood Jr/Sr High School front entrance has a mural.
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Surfing waves at nearby Cocoa Beach

Merritt Island residents are only 9 miles from local favorite Cocoa Beach, which features white-sand beaches for sunbathing and calm, consistent waves for surfing. Nature lovers head to Merritt Island National Wildlife Refuge for over 140,000 acres of coastal dunes, saltwater marshes, pine flatwoods and hardwood hammocks providing a home to more than 1,500 species of plants and animals. Visitors can explore hiking trails and spectate native animals across the refuge, notably established by an agreement overlay of the John F. Kennedy Space Center. Golf enthusiasts are in luck with The Savannahs Golf Course nearby, offering an 18-hole course navigating through wetlands, water hazards and wildlife sightings. Daily course rates vary and monthly or annual memberships are available.

The Savannahs Golf Course has many homes throughout the grounds.
The Savannahs Golf Course has many homes throughout the grounds.
Walk, hike or bike around Merritt Island National Wildlife Refuge and take in the sights.
Walk, hike or bike around Merritt Island National Wildlife Refuge and take in the sights.
Merritt Island locals enjoy the outdoors at Merritt Island National Wildlife Refuge.
Merritt Island locals enjoy the outdoors at Merritt Island National Wildlife Refuge.
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NASA's John F. Kennedy Space Center

Established in 1962, The Kennedy Space Center (KSC) is located on Merritt Island to the North of the town and holds major historical significance within the area. The KSC is NASA’s primary launch center and is notable for managing the Apollo, Skylab and Space Shuttle programs. Space enthusiasts can buy tickets to visit the KSC Visitor Complex for space shuttle displays, interactive simulators and live educational space exhibits. The KSC employs many Merritt Island residents and the community sees many tourists throughout the year, helping to stimulate the local economy.

Merritt Island transportation and flood risk

Merritt Island residents are primarily car-dependent and utilize Florida State Road A1A and the East Merritt Island Causeway with easy access to the mainland and neighboring areas like Port Canaveral and Cocoa Village. Locals use the North Courtenay Parkway when traveling within the peninsula. Residents seeking public transit options can take the Space Coast Area Transit for trips in and around Merritt Island starting at $1.50 for adults one-way. Merritt Island riders can start their ride on bus route 3, which operates along the North Courtenay Parkway and stops throughout the community. For those seeking to travel longer distances, the Melbourne Orlando International Airport is only 30 miles away from Merritt Island. When it comes to hurricanes and flooding, Merritt Island is at a high risk due to its waterfront location. The Brevard County Floodplain Administration recommends protecting homes here and their contents with flood insurance through the National Flood Insurance Program (NFIP).

Waterway Park provides a gateway into Merritt Island from the mainland.
Waterway Park provides a gateway into Merritt Island from the mainland.
The boardwalks at Waterway Park allow you to fish, walk, or take in the sights.
The boardwalks at Waterway Park allow you to fish, walk, or take in the sights.
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Ryan Kohn
Written By
Ryan Kohn
Rodrigo Betancor
Photography Contributed By
Rodrigo Betancor
Ruo Zheng
Video By
Ruo Zheng

Interested in learning more about homes in this area? Reach out to Marcie Bolt, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Merritt Island Housing Trends

Housing Trends

Median List Price
$500,000
Median Sale Price
$453,000
Median Single Family Sale Price
$524,950
Median Townhouse Sale Price
$250,000
Median 2 Bedroom Sale Price
$159,900
Median Change From 1st List Price
6%
Last 12 months Home Sales
785
Median Home Sale Price YoY Change
-3%
Average Price Per Sq Ft
$268

Area Facts

Number of Homes
17,257
Number of Homes for Sale
298
Median Year Built
1979
Months of Supply
4.60
Average Single Family Home Size Sq Ft
1,996
On par with the national average
1,928
Average Townhouse Size Sq Ft
1,438
Average 2 Bedroom Size Sq Ft
1,246
Average 1 Bedroom Size Sq Ft
647
Average Studio Size Sq Ft
432
Median Lot Size Sq Ft
9,583

Open Houses

  • Saturday, Dec 13
    Open Sat 12PM - 3PM

    1650 Yates Dr, Merritt Island, FL 32952

    $699,900

    • 4 Beds
    • 2 Baths
    • 1,956 Sq Ft
    • 1650 Yates Dr
    • New 4 days ago

    Boater's dream home!!!!!! Gorgeous 4 bedroom, 2 full bath home right on the Banana River with covered dock and boat lift!!! Soak in the heated pool before cruising down the river. Watch the rocket launches and booster return right from your backyard. Dolphins and manatees seen often in the canal. Home has been updated in recent years. Currently being used as a successful short/ mid-term rental.

    Agent Photo
    Melissa Norcross
    Launch Realty & Prop Mgmt. LLC
    (321) 490-4755
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  • Thursday, Dec 11
    Open Thu 5PM - 6:30PM

    410 4th St, Merritt Island, FL 32953

    $379,900

    • 4 Beds
    • 2 Baths
    • 1,926 Sq Ft
    • 410 4th St

    Welcome home to a completely remodeled masterpiece in Merritt Island. This home offers a centralized and convenient location across from the future Health First Hospital, with shopping, the Space Center, Cocoa Beach, the Banana River, Watts Park, and easy access to major highways for travel or commuting. A generously sized block home with four bedrooms, two bathrooms, and a fenced-in back yard.

    Samantha Weston
    Coldwell Banker Realty
    (321) 730-3734
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  • Saturday, Dec 13
    Open Sat 12PM - 2PM

    300 S Sykes Creek Pkwy Unit 308, Merritt Island, FL 32952

    $439,000

    • 3 Beds
    • 2 Baths
    • 1,702 Sq Ft
    • 300 S Sykes Creek Pkwy
    • Unit 308
    • New 9 days ago

    Looking for the perfect gift? FURNISHED SOUTH CORNER WITH WRAPAROUND GLASS ENCLOSED BALCONY! CLOSE BY END OF YEAR TO CLAIM HOMESTEAD EXEMPTION. Merritt Towers is a gated waterfront community centrally located on the Space Coast. The view never gets old. Wake to gorgeous sunrises, dolphins, manatees... and even a rocket launch! Spacious floor plan with plenty of natural light throughout. Well

    Agent Photo
    Sara Forst Griffin
    RE/MAX Aerospace Realty
    (321) 419-1803
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Merritt Island Has More Owners

Demographics

Total Population
36,513
Median Age
51
Population Density
43 ppl/acre
Population under 18
18.1%
Below the national average
23.8%
Population over 65
28.2%
Above the national average
19.1%

Finances

Median Household Income
$78,440
On par with the national average
$79,601
Average Household Income
$104,580

Education and Workforce

High School Graduates
95.2%
Above the national average
89%
College Graduates
39.7%
Advanced Degrees
15.8%
% Population in Labor Force
58.7%
Below the national average
64.9%

Weather

Annual Precipitation
55''
Average Winter Low Temperature
51°F
Average Summer High Temperature
91°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

19 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Merritt Island