Caribbean Isles
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
As of September 2026, Caribbean Isles in Merritt Island, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 4 recorded sales closed at a median of $322,500, $220 per square foot, a median 41 days on market, sellers accepting 97% of original asking (+1% versus the prior year). Homes listed or recently sold were built 1964–2020. At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $5,030 ($4,410 with the full homestead exemption).
Caribbean Isles sits in Merritt Island with a median price around the mid-$320s and a median near $220 per square foot. With no shared amenities showing up in current MLS listings, price here is driven by the house itself — condition, updates, and square footage — rather than by any community package you're paying into.
The market posture is squarely neutral: a heat score of 50 and roughly 41 days to sell tell you neither side holds the leverage. Year-over-year values are essentially flat, up 1.3%. For sellers that means pricing to condition and expecting a normal-length marketing window; for buyers it means room to inspect, negotiate, and walk away without the pressure of a runaway market.
Caribbean Isles right now
🟡 Balanced market. 3.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 12, 2026. Confidence: Low (1 active and pending listings, 4 closed sales in 12 months).
🟡 Still climbing. The trailing-12-month median ($322K) is up 1.3% from the prior 12 months ($318K). With about 3 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 12. Confidence: Low (4 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 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
Caribbean Isles market snapshot (as of September 12, 2026): the median sale price is about $322K ($220 per sq ft over the trailing 12 months of closed sales), a median 42 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is up 1% from the prior 12 months, computed from record-level Space Coast MLS closed sales (4 closings in the current window).
This is a straightforward Merritt Island neighborhood where the home you buy — not a clubhouse or gated entry — is what you're paying for. Expect a measured pace and prices that reward homes in genuinely good shape.
The setting & the homes.
Aerial and on-site photos of Caribbean Isles. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Caribbean Isles
Caribbean Isles
Caribbean Isles
Caribbean Isles
Caribbean IslesPhotos from Space Coast MLS listings in Caribbean Isles; content deemed reliable but not guaranteed.
Who Caribbean Isles is best for.
Best for
- Buyers targeting the mid-$300s who want a standalone home rather than an amenity-heavy community
- Renovation-minded buyers ready to price and finish cosmetic work themselves
- Sellers with an updated, well-kept home willing to sit through a roughly 41-day marketing window
Probably not for
- Buyers who want a clubhouse, pool, or gated community built into the address
- Sellers expecting a fast, above-ask sale in a currently balanced market
- Buyers who need a large, deep pool of recent comps to feel confident on price
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($322K) IS the median in the snapshot above, and the move from 2025 ($318K) IS the +1.3% one-year change.
Windows contain 1 to 7 sales each (4 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Miami-Dade County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
26% of homes for sale in ZIP 32952 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 (2026-09-12).
Caribbean Isles Market Scorecard
Caribbean Isles is currently a balanced market. About 3.0 months of supply, a median asking price of $440,000.
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.
Homes For Sale Right Now in Caribbean Isles
Live MLS inventory for Caribbean Isles. 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 Caribbean Isles listings as of 2026-09-12, 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.
Caribbean Isles 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
- Audubon · Elementary
- Jefferson · Middle
- Merritt Island · High
Zoned schools reflect the assignments reported on recent Caribbean Isles 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 Caribbean Isles address.
The Caribbean Isles buying strategy.
If we were buying in Caribbean Isles 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 Caribbean Isles.
A condition-driven market with no amenity premium
Because no community amenities surface in the current listings, there's no HOA-driven floor propping up values and no shared-facility premium baked into the median. That tends to widen the spread between a dated house and an updated one at the same square footage — the gap shows up in the per-square-foot number, which sat near $220 as of mid-2026. Buyers who can price renovation work honestly have the clearest path to value.
The closings window here is thin — just four recent sales feeding the snapshot — so treat the median as a directional read rather than a precise line in the sand. In a small-sample neighborhood, a single unusual sale can move the number, which is exactly why the individual comps and the specific condition of a given house matter more than the headline figure.
The location and the amenities are priced into every listing in Caribbean Isles. 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 Caribbean Isles 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 3 factors (7.1). Basis: Recent Direction +1.3% year-over-year; Liquidity & Demand 3.0 months of supply; Pricing Power 96.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin-data, condition-driven market like this one, the median only tells you so much. We read the actual comps house by house, separate updated stock from deferred-maintenance stock, and price to the home in front of us — so sellers don't leave money on the table and buyers don't overpay for someone else's finishes.
Caribbean Isles in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
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 Caribbean Isles 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 Caribbean Isles sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Caribbean Isles, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Caribbean Isles home worth?
Get a no-obligation home value based on real comparable sales in Caribbean Isles, 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 homes for sale in Caribbean Isles on the map →
Frequently Asked Questions
What is the median home price in Caribbean Isles?
How long do homes in Caribbean Isles take to sell?
Is Caribbean Isles a buyer's or seller's market right now?
Who is the best real estate agent for Caribbean Isles?
How do I find a top Merritt Island real estate agent who knows Caribbean Isles?
Can Momentum Realty connect me with an agent for Caribbean Isles?
Should you buy in Caribbean Isles?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Caribbean Isles with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Space Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2004 (70 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.
Looking to buy here? Search homes for sale →
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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 Caribbean Isles fits the bigger picture — live prices, inventory, and Momentum Scores: