Indian Bay Estates
Homes for Sale in Merritt Island, FL
All 215 homes for sale in Merritt Island, FL · median $510,000 · 108 homes for sale in 32953 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
Over the 12 months ending 2026-09-20, 6 recorded sales closed at a median of $570,000, $232 per square foot, a median 63 days on market, sellers accepting 94% of original asking (-3% versus the prior year). Homes listed or recently sold were built 1981–2000; 8 of 8 report an HOA (median $34/mo); none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $8,890 ($8,270 with the full homestead exemption).
Sections of Indian Bay Estates in the MLS
Indian Bay Estates in Merritt Island, FL is recorded as 2 separate subdivisions/phases in the MLS; 0 homes are for sale across them today. Each section has its own page:
- Indian Bay Estates Ph Ii · 2 sold/12 mo
- Indian Bay Estates Phase Ii
| Location | Merritt Island, Brevard County, FL · ZIP 32953 |
|---|---|
| Homes in the community | 10 (FL DOR 2025 assessment roll) |
| Years built | 1981–1998 (median 1988.0) |
| Typical living area | 3,502 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Boat Launch, Boat Dock, Management - Off Site, Maintenance Grounds, Management - Full Time, Park |
| Sale prices, last 12 months | $570,000 median across 6 closed sales · $232 per sq ft · -3.0% vs the prior 12 months |
| Days on market (closed sales) | 63 median |
| For sale right now | 0 active, 1 pending |
| Owner-occupied (homestead) share | 70% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Indian Bay Estates key facts,” movewithmomentum.com/neighborhoods/indian-bay-estates, data as of September 20, 2026.
Last 30 days in Indian Bay Estates: 1 under contract right now, 1 closed sale (median $525,000). As of September 26, 2026, Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Price in Indian Bay Estates is driven by the individual home and its condition, not by a tidy tier of product. The median sits at $572,500, or roughly $232 per square foot, but with only four closings in the window that median is a rough marker rather than a precise gauge. Treat it as a starting point and expect condition, waterfront position, and lot to swing individual sales well off that center.
The market posture here is slow. Days on market run near 78, roughly two and a half months, and the heat score of 25 tells you this is a patient market that favors prepared buyers. Prices are off 2.6% year over year, so sellers should price to the current reality rather than last year's hopes, and buyers have room to negotiate on homes that have sat.
Indian Bay Estates right now
🟡 Off the recent peak. The trailing-12-month median ($570K) is down 3.0% from the prior 12 months ($588K) and up 138% since 2012. With about 5 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (6 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Indian Bay Estates market snapshot (as of September 20, 2026): the median sale price is about $570K ($232 per sq ft over the trailing 12 months of closed sales), and a median 63 days on market for closed sales. The trailing-12-month median is down 3% from the prior 12 months and up 138% since 2012, computed from record-level Space Coast MLS closed sales (6 closings in the current window).
In ZIP 32953 (Merritt Island), 243 homes closed in the last 12 months at a median of $435K ($251/sq ft), down 9.8% year over year, with a median 40 days on market. Right now 42 active and 11 pending listings put supply at about 4.1 months — a balanced market. See the live ZIP 32953 housing market and the Brevard County market.
Indian Bay Estates is a community of 10 homes in Merritt Island, Brevard County, built between 1981 and 1998 (median 1988.0), with a median living area of about 3,502 square feet. 70% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Indian Bay Estates is a small-volume Merritt Island community where homes trade infrequently and each sale carries outsized weight in the numbers. The longer arc is strong — values are up 154% since 2012 — but the near term is soft and unhurried.
The setting & the homes.
Aerial and on-site photos of Indian Bay Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Indian Bay EstatesPhotos from Space Coast MLS listings in Indian Bay Estates; content deemed reliable but not guaranteed.
Who Indian Bay Estates is best for.
Best for
- Buyers comfortable around the $572,500 median who plan to hold for the long term
- Patient shoppers willing to wait out a slow, roughly two-and-a-half-month market
- Those prioritizing the individual home and Merritt Island location over shared amenities
Probably not for
- Buyers needing to move quickly in a fast-turning market
- Anyone counting on near-term price gains, given the soft year-over-year read
- Those who want built-in community amenities, which current listings do not show
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($570K) IS the median in the snapshot above, and the move from 2025 ($588K) IS the -3.0% one-year change.
Windows contain 2 to 9 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period 2004 through 2026. Deemed reliable but not guaranteed.
26% of homes for sale in ZIP 32953 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-26).
Indian Bay Estates Market Scorecard
Indian Bay Estates is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Indian Bay Estates, Merritt Island
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Indian Bay Estates
Live MLS inventory for Indian Bay Estates. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Indian Bay Estates listings as of 2026-09-26, priced high to low. Based on information from the Space Coast MLS for the period 2004 through 2026. Tap any home to ask about it.
Every Home for Sale in Indian Bay Estates Right Now (1)
All 1 active and pending Indian Bay Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 4790 Yuma Trail · $660,000 · 4 bd / 3 ba · listed Jun 27, 2026 · listed by Elist Reo Llc
Indian Bay Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Carroll · Elementary
- Jefferson · Middle
- Merritt Island · High
Zoned schools reflect the assignments reported on recent Indian Bay Estates listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Indian Bay Estates address.
Shop the zone: Homes zoned for Merritt Island High School
The Indian Bay Estates buying strategy.
If we were buying in Indian Bay Estates today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Indian Bay Estates.
A thin, condition-driven market
With just four closings in the measured window, this is a low-liquidity market. That thin volume means no two listings are directly comparable, and the median can move sharply on a single unusual sale. Pricing and offer strategy both depend on studying the specific home rather than leaning on neighborhood averages.
The combination of a 78-day median on market and a soft year-over-year read means well-kept, correctly priced homes still move, while anything overpriced or in rough shape lingers. No community amenities surface from current MLS listings, so the value story rests on the homes themselves and the Merritt Island location.
The location and the amenities are priced into every listing in Indian Bay Estates. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Indian Bay Estates buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.7). Basis: Long-Term Appreciation +138% since 2012; Recent Direction -3.0% year-over-year; Owner Commitment 70% owner-occupied; Pricing Power 93.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin market like Indian Bay Estates, the averages lie more than they help. We read each home on its own merits — condition, lot, and position — and price or negotiate against the specific comparable rather than a shaky four-sale median. That discipline matters more here than in a high-volume community.
Indian Bay Estates in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $34/month (about $408/yr) · median of 78 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $34 per month ($408 a year) — the median AssociationFee across 78 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Indian Bay Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Indian Bay Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Indian Bay Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Indian Bay Estates home worth?
Get a no-obligation home value based on real comparable sales in Indian Bay Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Merritt Island →
Frequently Asked Questions
What is the median home price in Indian Bay Estates?
How long do homes in Indian Bay Estates take to sell?
How many homes are in Indian Bay Estates?
What share of Indian Bay Estates is owner-occupied?
When were the homes in Indian Bay Estates built?
Have Indian Bay Estates home prices gone up?
Who is the best real estate agent for Indian Bay Estates?
How do I find a top Merritt Island real estate agent who knows Indian Bay Estates?
Can Momentum Realty connect me with an agent for Indian Bay Estates?
Where is Indian Bay Estates, and what county is it in?
Is Indian Bay Estates a good place to live?
Should you buy in Indian Bay Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32953)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (105 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Indian Bay Estates fits the bigger picture — live prices, inventory, and Momentum Scores:
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