Homes for Sale Under $300K in Merritt Island, FL
This page tracks every Merritt Island listing with an asking price under $300,000, by community, with live counts and asking prices. Prices are asking prices from the MLS, not values, and the list changes with every refresh.
60 homes listed under $300,000 are for sale or pending in Merritt Island, FL today across 33 communities. The median asking price is $198,000, from $71,000 to $299,900. Listings in Merritt Island without that feature have a median of $598,450. Most listings right now: Summer Place Condominium (7), Merritt Island Co-Op Apts Inc (7), Sunset Bay A Condominium (6). Updated October 2, 2026 from the MLS.
First-time buyers: what Merritt Island costs at the entry level
41 active single-family homes, townhomes and condos at or below $300,000 — median $205,000, about $1,289/mo principal & interest at 6.95% with 5% down. Live from the MLS, refreshed nightly.
Newest homes under $300K in Merritt Island
What the payment looks like
| Purchase price | P&I at 6.95%, 5% down | P&I, 20% down | Cash to close at 5% down (est.) |
|---|---|---|---|
| $150,000 | $943 | $794 | $12,000 |
| $200,000 | $1,258 | $1,059 | $16,000 |
| $250,000 | $1,572 | $1,324 | $20,000 |
| $300,000 | $1,887 | $1,589 | $24,000 |
Estimates only; taxes, insurance, HOA and mortgage insurance are on top. Closing costs assumed at 3%.
Down-payment assistance in Brevard County · First-time buyer guide
Merritt Island homes under $300K by community
Click a community for its full guide: prices, HOA reality, insurance posture and the homes for sale.
| Community | Homes Under $300K | New build | Median list | From |
|---|---|---|---|---|
| Summer Place Condominium | 7 | 0 | $169,000 | $168,000 |
| Merritt Island Co-Op Apts Inc | 7 | 0 | $117,200 | $74,900 |
| Sunset Bay A Condominium | 6 | 0 | $163,500 | $135,000 |
| Sea Gate | 2 | 0 | $278,450 | $257,000 |
| Country Club Manor | 2 | 0 | $258,950 | $249,900 |
| Hidden Glenn Condo | 2 | 0 | $206,500 | $203,000 |
| Island Village Condo No D | 2 | 0 | $150,750 | $138,000 |
| Treasure Coast Harbour Villas Condo | 2 | 0 | $149,500 | $149,000 |
| Colony Park | 2 | 0 | $145,450 | $71,000 |
| Sea Gate | 1 | 0 | $299,900 | $299,900 |
| Buttonwood Manor Subd | 1 | 0 | $299,000 | $299,000 |
| Buttonwood Manor Sub | 1 | 0 | $299,000 | $299,000 |
| Hampton Homes Unit 8 | 1 | 0 | $279,900 | $279,900 |
| Belaire Unit No 3 | 1 | 0 | $275,000 | $275,000 |
| Rose Hill Estates Unit 1 3rd Sec | 1 | 0 | $269,000 | $269,000 |
| Rosedale Subd | 1 | 0 | $260,000 | $260,000 |
| Hampton Homes Unit 1 | 1 | 0 | $259,900 | $259,900 |
| Townhomes and Villas of Diana | 1 | 0 | $253,000 | $253,000 |
| Townhomes & Villas Diana | 1 | 0 | $253,000 | $253,000 |
| Hampton Homes Unit 6 | 1 | 0 | $249,900 | $249,900 |
| Harbor Estates Sec 3 | 1 | 0 | $249,900 | $249,900 |
| Harbor Estates Sec 3 | 1 | 0 | $249,900 | $249,900 |
| Merritt Island Village | 1 | 0 | $245,000 | $245,000 |
| Merritt Island Village | 1 | 0 | $245,000 | $245,000 |
| Merritt Ridge Sheet 2 | 1 | 0 | $235,000 | $235,000 |
| Harbor Estates Sec 1 | 1 | 0 | $219,900 | $219,900 |
| Merritt Ridge Subd | 1 | 0 | $210,000 | $210,000 |
| Island Village Condo No E | 1 | 0 | $205,000 | $205,000 |
| Summer Place Condominiums | 1 | 0 | $167,900 | $167,900 |
| Island Village Condo No B | 1 | 0 | $164,500 | $164,500 |
| Harbor Woods Condo Sec 1 Ph III | 1 | 0 | $149,500 | $149,500 |
| Hampton Court Condo | 1 | 0 | $135,000 | $135,000 |
| Island Village Condo No C | 1 | 0 | $119,900 | $119,900 |
What under $300,000 buys and what to check
In this price band the differences between listings are usually age, size and condition rather than location alone, so read each listing’s year built, square footage and property type (a condo or manufactured home and a single-family home can sit at the same price with very different monthly costs). Budget the full monthly number, not the price: taxes, insurance, and HOA or CDD fees are all on each listing page, and our true cost of ownership calculator puts them into one figure. Insurance quotes on older roofs and older electrical can change which of two similar homes is actually cheaper.
Questions to ask about any listing in this band
How old is the roof, and will insurers write it? Is there a four-point inspection on file? What did the seller pay for insurance last year? In a condo, what are the dues, is there a special assessment or milestone inspection pending, and what do the reserves look like? Is the price a recent reduction, and how long has it been listed? A local agent who works the area will know which communities in this band have the fewest surprises at inspection.
Common questions
How many homes listed under $300,000 are for sale in Merritt Island?
What do homes under $300K cost in Merritt Island?
Which Merritt Island community has the most homes under $300K for sale?
What is the monthly payment on a home under $300,000?
Keep exploring Merritt Island
- All homes for sale in Merritt Island
- Merritt Island ZIP codes with prices
- Merritt Island pool homes
- Merritt Island waterfront homes
- Merritt Island gated community homes
- Merritt Island 4-bedroom homes
- Merritt Island homes $300K–$500K
- Homes Under $300K in every city
Homes Under $300K in nearby Brevard County cities
- Palm Bay homes under $300K (483 for sale)
- Melbourne homes under $300K (285 for sale)
- Titusville homes under $300K (233 for sale)
- Cocoa homes under $300K (204 for sale)
- Cape Canaveral homes under $300K (73 for sale)
- Rockledge homes under $300K (65 for sale)
- Barefoot Bay homes under $300K (59 for sale)
- Cocoa Beach homes under $300K (46 for sale)
Live data: Space Coast MLS, Stellar MLS, refreshed with every MLS pull; this page rebuilds on every ship. Community-level aggregates only: active and pending residential listings in Merritt Island, FL whose MLS record reports an asking price under $300,000. Prices are asking prices, not values. Property features and prices only; nothing on this page describes residents. Equal Housing Opportunity.