$459,196 - $557,000
RENTED MAY 20, 2025

Island Pointe 500 Sail Ln Unit 102 Merritt Island, FL 32953

3 Beds
2 Baths
2,048 Sq Ft
1,307 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $439,999 $215 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,232/month

Highlights

  • Fitness Center
  • In Ground Pool
  • Open Floorplan
  • Intracoastal View
  • Gated Community
  • Clubhouse

About This Home

As of May 2025

Welcome to your very own "Island in the Sun"! This incredibly spacious 2,000+ SF condo is located on the desirable Merrit Island with spectacular views of the Indian River. This condominium boasts three large bedrooms and two bathrooms, perfect for hosting and enjoying all Brevard County has to offer. The large designer chefs' kitchens have stainless steel appliances, a large granite breakfast island, and ample storage for your cooking accessories. Unlike most condos, this property has enough room for a large dining room - perfect for holiday gathers or party hosting. The two guest rooms have private closet spaces and plenty of room for your guests to feel welcome while they're enjoying their time on the Atlantic Coast. The master bathroom has a large spa bathtub and a massive walk-in shower. The master suite has direct access to the patio with a glass sliding door where you can enjoy peaceful sunrises and sunsets from your private balcony. Merritt Island is the largest Island in Florida and is home to Kennedy Space Center. This condo is a heartbeat away from the Atlantic coast beaches and ample activities. Close to parks, restaurants, and the famous Port Canaveral - where vacation is never too far away.

Last Agent to Rent the Property

Matt Kester

THE REAL ESTATE COLLECTION LLC Brokerage Phone: 407-656-7814 License #3483242 Listed on: 10/12/2024

Last Renter's Agent

Matt Kester

THE REAL ESTATE COLLECTION LLC Brokerage Phone: 407-656-7814 License #3483242 Listed on: 10/12/2024

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,443

Year Built

  • Built in 2005

Lot Details

  • 1,307

Parking

  • 1 Car Garage

Property Views

  • Intracoastal
  • Lagoon

Interior Spaces

  • 2,048 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Cooktop with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Access to Brackish Water
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,295
  • Property Available on 10/21/24
  • Tenant pays for cleaning fee, re-key fee
  • The owner pays for cable TV, internet, laundry, management, pool maintenance, recreational, security, sewer, telephone, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 5/20/25
  • $100 Application Fee
  • 1 to 2-Year Minimum Lease Term
  • Assessor Parcel Number 2459153

Community Details

Overview

  • Property has a Home Owners Association
  • Fairway Management Of Brevard Association, Phone Number (321) 777-7575
  • On-Site Maintenance
  • 7-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Card or Code Access
  • Gated Community
  • Hurricane or Storm Shutters

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,443

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Lease Amount Frequency: Monthly
  • Pets Allowed: No
  • Available Date: 2024-10-21
  • Terms Of Lease: 1st Last and Sec Dep Required,No Smoking
  • Long Term YN: 1
  • Security Deposit: 3295
  • Additional Applicant Fee: 100
  • Expected Lease Date: 2025-05-20T00:00:00.000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Fireplace: No
  • Living Area: 2048
  • Lot Size Acres: 0.03
  • New Construction: No
  • Year Built: 2005
  • Building Area Total: 2304
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 1307
  • Owner Pays: Cable TV, Internet, Laundry, Management, Pool Maintenance, Recreational, Security, Sewer, Telephone, Trash Collection, Water
  • Tenant Pays: Cleaning Fee, Re-Key Fee
  • Directions to Property: From SR-3, Take Exit 49 toward Merritt Island, Kennedy Space Center, Turn Right onto N Courtenay Pkwy, Turn Right onto W Merritt Ave, Turn Left Onto N Tropical Ave, Turn Right Sail Ln, Follow the Signs to the Guest Entrance
  • Status: Leased
  • ResoBuildingAreaSource: PublicRecords
  • Floor Number: 1
  • List Office Head Office Key Nume: 1049651
  • Minimum Lease: 1-2 Years
  • RATIO Current Price By Calculate: 1.46
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Dock,Intracoastal Waterway,Waterfront
  • Attribution Contact: 407-656-7814
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Elevator, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 7
  • Window Features: Blinds
  • Street Number Modifier: 500
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 190.27
  • Room Count: 3

Exterior Features

  • Pool Features: In Ground
  • Exterior Features: Balcony, Hurricane Shutters, Lighting, Sidewalk
  • Pool Private: No
  • View: Water
  • Water Body Name: INDIAN RIVER
  • Waterfront: No
  • Patio and Porch Features: Covered, Porch, Rear Porch, Screened
  • Road Surface Type: Asphalt, Paved
  • Water Access: Brackish Water
  • Water Extras YN: 0
  • Water View: Intracoastal Waterway,Lagoon
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated Community - Guard, Sidewalks, Tennis Court(s)
  • Association Amenities: Basketball Court, Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Fairway Management of Brevard
  • Phone: 321-777-7575
  • Association: Yes
  • Senior Community: No
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Building Name Number: 1
  • Association Approval Fee: 100

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00
  • Application Fee: 100

Lot Info

  • Parcel Number: 2459153
  • Lot Size Square Meters: 121

Green Features

  • Green Verification Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Spencer Leonard and Spencer Tanya
Bought by
Spencer Family Trust and Spencer
Current Estimated Value
$510,799

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 9, 2021
Sold by
Billingstea Deidre P
Bought by
Spencer Leonard and Spencer Tanya
Seller's Agent
Kevin Sullivan
Lakeside Realty Windermere
Buyer's Agent
Deidre Billingslea
Lakeside Realty Windermere
List Price
$439,999
Sold Price
$439,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$395,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2005
Sold by
Towne Development Of Island Pointe Inc
Bought by
Billingslea Robert L and Billingslea Deidre P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,720
Interest Rate
5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Spencer Family Trust $100 None Listed On Document
Spencer Leonard $439,999 Hometown Title Group Inc
Spencer Leonard $439,999 New Title Company Name
Billingslea Robert L $470,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spencer Leonard $395,100
Previous Owner Spencer Leonard $395,400
Previous Owner Billingslea Robert I $95,000
Previous Owner Billingslea Robert L $376,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Rented $3,000 0.0% --
04/26/2025 04/26/25 Under Contract -- -- --
12/06/2024 12/06/24 Price Changed $3,000 -9.0% $1 / Sq Ft
11/20/2024 11/20/24 Price Changed $3,295 -2.9% $2 / Sq Ft
10/12/2024 10/12/24 For Rent $3,395 +4.5% --
12/01/2022 12/01/22 Rented $3,250 0.0% --
10/07/2022 10/07/22 For Rent $3,250 0.0% --
09/09/2021 09/09/21 Sold $439,999 0.0% $215 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $439,999 -- $215 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,443 $410,500 -- --
2023 $5,443 $400,150 $0 $0
2022 $4,810 $360,930 $0 $0
2021 $4,366 $294,480 $0 $294,480
2020 $4,366 $309,370 $0 $309,370
2019 $4,080 $281,050 $0 $281,050
2018 $3,944 $272,320 $0 $272,320
2017 $3,907 $271,580 $0 $271,580
2016 $3,758 $249,500 $0 $0
2015 $3,547 $173,030 $0 $0
2014 $3,238 $157,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Kester

    Landlord's Agent in 2025

    Matt Kester

    THE REAL ESTATE COLLECTION LLC

    (407) 656-7814

    48 Total Sales

    Matt Kester
    Section Image

  • L

    Buyer's Agent in 2022

    Leigh Wartella

    BLUE MARLIN REAL ESTATE

    (304) 575-2884

    1 in this area

    56 Total Sales

    Leigh Wartella
    Section Image
  • Kevin Sullivan

    Seller's Agent in 2021

    Kevin Sullivan

    Lakeside Realty Windermere

    (321) 663-3457

    1 in this area

    114 Total Sales

    Kevin Sullivan
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Deidre Billingslea

    Lakeside Realty Windermere

See All Agents

About Island Pointe

Map

Source: Stellar MLS

MLS Number: O6248698

Stellar MLS

APN: 24-36-35-34-00000.0-0001.36

Florida Brevard County Merritt Island 32953

500 Sail Ln Unit 102, Merritt Island, FL

This home is located at 500 Sail Ln Unit 102, Merritt Island, FL 32953 since 12 October 2024 and is currently priced at $510,799. This property was built in 2005. 500 Sail Ln Unit 102 is a home located in Brevard County with nearby schools including Mila Elementary School, Thomas Jefferson Middle School, and Merritt Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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