$374,000
SOLD JUN 18, 2025

550 E Merrimac Dr Merritt Island, FL 32952

4 Beds
2 Baths
1,349 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$277 Per Sq Ft

6% Below List Price

22 Days on Market

Highlights

  • Above Ground Pool
  • Home fronts a canal
  • No HOA
  • Tropical Elementary School Rated 9+
  • Spanish Architecture
  • Rear Porch

About This Home

As of June 2025

Beautifully updated 4 bedroom two bath home with updated kitchen cabinets, granite counters and newer appliances and vinyl plank flooring throughout. 2024 Roof with attached hurricane tie downs, new A/C & Ductwork 2024, new electrical panel, plumbing, and water heater. Both garage doors are hurricane rated. Garage is 525 sq ft. Screen room overlooking canal and separate patio with above ground pool! White vinyl fenced yard. This home has been well cared for and it shows! Backyard overlooks a canal. A perfect spot to enjoy a wonderful Florida sunrise and rocket launches. Excellent location, minutes from beaches, close to jobs, shopping, restaurants, schools, & Kennedy Space Center and all the Spacecoast has to offer! Orlando airport is just 45 minutes away,

Last Agent to Sell the Property

Anna-May Smith

Florida East Coast Real Estate License #3028282 Listed on: 05/06/2025

Florida East Coast Real Estate

Last Buyer's Agent

Anna-May Smith

Florida East Coast Real Estate License #3028282 Listed on: 05/06/2025

Florida East Coast Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,293

Year Built

  • Built in 1977

Lot Details

  • 7,841 Sq Ft Lot
  • Home fronts a canal
  • Property fronts a county road
  • West Facing Home
  • Back Yard Fenced
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Spanish Architecture
  • Shingle Roof
  • Concrete Siding
  • Asphalt

Interior Spaces

  • 1,349 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Canal Views
  • Dryer

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Above Ground Pool
  • Rear Porch

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

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

Community Details

  • No Home Owners Association
  • Gateway Unit 2 Revised Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-37-31-76-0000e.0-0055.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,293

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1977
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Few Trees
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Reso View: Canal
  • Water Body Name: Canal Non-Navigation
  • ResoSpecialListingConditions: Assessment Seller Pay
  • Subdivision Name: Gateway Unit 2 Revised
  • Architectural Style: Spanish
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-31-76-0000e.0-0055.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 3293.49
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Living Area2: 1349.0
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Lot Size Square Feet2: 7841.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: West
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Flooring Vinyl: Yes
  • ViewCanal: Yes
  • Pool Features Above Ground: Yes
  • General Property Information Land Lease YN2: No
  • Location Tax and Legal Zoning Description2: Residential
  • General Property Information CDD Fee YN: No
  • Utilities Water Connected: Yes
  • General Property Information Stories2: 1
  • Fencing Back Yard: Yes
  • Road Frontage Type County Road: Yes
  • Architectural Style Spanish: Yes
  • General Property Information:Pool Private YN: Yes
  • General Property Information:Accessory Dwelling Unit YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Pool Features: Above Ground
  • Roof: Shingle
  • Fencing: Back Yard
  • Acres: 0.18
  • Pool Private: Yes
  • Waterfront Features: Canal Front
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: West
  • Patio And Porch Features: Rear Porch
  • Construction Materials:Concrete4: Yes
  • Lot Features:Few Trees: Yes
  • Waterfront Features:Canal Front: Yes
  • Patio And Porch Features:Rear Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Current Use: Residential
  • Land Lease: No
  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2439305
  • Parcel #: 24-37-31-76-0000e.0-0055.00
  • Zoning Description: Residential

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3293.49

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2025
Closed on
Jun 18, 2025
Sold by
Wilcox Don S and Fowler Larry L
Bought by
Ward Scott Thomas and Ward Deborah Ann
Seller's Agent
Anna-May Smith
Florida East Coast Real Estate
Buyer's Agent
Anna-May Smith
Florida East Coast Real Estate
List Price
$399,000
Sold Price
$374,000
Premium/Discount to List
-$25,000
-6.27%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 20, 2021
Sold by
Mcmahon Elleen M and Mcmahon Robert J
Bought by
Wilcox Don S and Fowler Larry L
Seller's Agent
Deborah Detwiler
RE/MAX Solutions
Buyer's Agent
Anna-May Smith
Florida East Coast Real Estate
List Price
$299,900
Sold Price
$270,000
Premium/Discount to List
-$29,900
-9.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%

Purchase Details

Closed on
Nov 25, 2003
Sold by
Mcmahon Coletta M
Bought by
Mcmahon Coletta M and Mcmahon James E
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $374,000 Title Station
Warranty Deed $374,000 Title Station
Warranty Deed $270,000 Island T&E Agcy Inc
Warranty Deed -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $40,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Sold $374,000 -6.3% $277 / Sq Ft
05/06/2025 05/06/25 For Sale $399,000 +47.8% $296 / Sq Ft
10/20/2021 10/20/21 Sold $270,000 -1.8% $200 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
10/01/2021 10/01/21 Price Changed $275,000 -8.3% $204 / Sq Ft
09/17/2021 09/17/21 For Sale $299,900 -- $222 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $3,262 $266,340 -- --
2023 $3,262 $258,590 $120,750 $137,840
2022 $3,247 $268,230 $0 $0
2021 $2,111 $161,150 $0 $0
2020 $2,073 $158,930 $0 $0
2019 $2,018 $155,360 $0 $0
2018 $2,019 $152,470 $45,000 $107,470
2017 $893 $70,670 $0 $0
2016 $902 $69,220 $25,000 $44,220
2015 $911 $68,740 $20,000 $48,740
2014 $916 $68,200 $20,000 $48,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1045170

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-76-0000E.0-0055.00