Carlton Groves Subd No 3 Merritt Island
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Carlton Groves Subd No 3 is a 60-home pocket built out between 1964 and 1967, with a median age of 1966 and a median living area of 1,964 square feet. Two-thirds of the homes carry homestead exemptions, which means inventory is typically owner-occupied and turnover is slow. With only one active listing today, the subdivision sees very little churn, and buyers should expect to wait for the right home to become available.
At three months of supply, the market sits balanced - neither a distressed seller's market nor a buyer's free-for-all. Price will come down to original-condition versus updated interiors, lot position, and how much deferred maintenance the next owner is willing to absorb. If you need move-in ready in this subdivision, be prepared to pay the premium or look elsewhere; most inventory here rewards the buyer willing to renovate.
Carlton Groves Subd No 3 Merritt Island 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 July 15, 2026. Confidence: Low (1 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 15, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The setting & the homes.
Aerial and on-site photos of Carlton Groves Subd No 3 Merritt Island. Swipe to explore the community.
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Carlton Groves Subd No 3 Merritt Island
Carlton Groves Subd No 3 Merritt IslandCarlton Groves Subd No 3 Merritt Island
Carlton Groves Subd No 3 Merritt Island
Carlton Groves Subd No 3 Merritt Island
Carlton Groves Subd No 3 Merritt IslandPhotos from Space Coast MLS listings in Carlton Groves Subd No 3 Merritt Island; content deemed reliable but not guaranteed.
Who Carlton Groves Subd No 3 Merritt Island is best for.
Best for
- Buyers with renovation budget and patience who want to build equity through improvement in a low-HOA-fee environment.
- Downsizers or retirees seeking a quiet Merritt Island block with minimal monthly overhead and long-term neighbors.
- Investors targeting value-add flips or long-term holds in a stable, owner-occupied pocket with limited new competition.
Probably not for
- Buyers who need move-in-ready condition or cannot manage the time and cost of updating sixty-year-old systems.
- Anyone requiring immediate inventory or multiple options to compare - listings here appear infrequently.
- First-time buyers without contractor relationships or contingency reserves for structural or mechanical surprises.
The market around Carlton Groves Subd No 3 Merritt Island
Carlton Groves Subd No 3 Merritt Island is too small for its own price trend, so here is the market around it.
Across Brevard County, 3,585 homes are active and 1,397 pending (28% under contract).
ZIP and county figures describe the wider market, not Carlton Groves Subd No 3 Merritt Island specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Carlton Groves Subd No 3 Merritt Island
Live MLS inventory for Carlton Groves Subd No 3 Merritt Island. 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 Carlton Groves Subd No 3 Merritt Island listings as of 2026-07-14, priced high to low. Based on information from the Space Coast MLS for the period %s through %s. Tap any home to ask about it.
Carlton Groves Subd No 3 Merritt Island 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
- Mila · Elementary
- Jefferson · Middle
- Merritt Island · High
Zoned schools reflect the assignments reported on recent Carlton Groves Subd No 3 Merritt Island 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 Carlton Groves Subd No 3 Merritt Island address.
The Carlton Groves Subd No 3 Merritt Island buying strategy.
If we were buying in Carlton Groves Subd No 3 Merritt Island 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 Carlton Groves Subd No 3 Merritt Island.
Scarcity, vintage, and the condition spread
Carlton Groves Subd No 3 was fully built out in a three-year span from 1964 to 1967, and the homes reflect the modest ranch and split-plan layouts typical of Brevard County's Space Race - era construction. The median living area is just under 2,000 square feet, and nearly every home shares the same architectural DNA: concrete-block construction, terrazzo or original tile, jalousie windows in many cases, and carports or single-car garages. There are no community amenities, no HOA, and no common areas - this is purely a residential street grid.
The high homestead share - two-thirds of the subdivision - signals long-term owners, many of whom bought decades ago and have aged in place. That means deferred maintenance is common, and cosmetic updates vary wildly. One home may have been carefully renovated with hurricane-rated windows, updated kitchens, and new HVAC; the next may still have original everything, including the electrical panel. Buyers must budget for inspection, renovation, and the reality that parts and systems from the 1960s are now sixty years old.
With only one active listing and three months of supply, this is not a market where you can tour five homes in a weekend and make a choice. Listings appear infrequently, and serious buyers should be ready to act when a well-positioned home comes available. The market is balanced today, which means neither buyer nor seller holds overwhelming leverage - price will hinge on condition, lot appeal, and how much work the property requires. If you need turnkey, this subdivision will frustrate you. If you can manage a renovation and want a quiet Merritt Island address with low carry costs and no HOA, Carlton Groves Subd No 3 is worth the wait.
The location and the amenities are priced into every listing in Carlton Groves Subd No 3 Merritt Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 60-home subdivision with one active listing, timing and preparation matter more than volume. Momentum Realty monitors off-market signals, knows the inspection red flags common to 1960s Brevard construction, and can help you budget realistically for renovation before you make an offer. We will also tell you when a property is not worth the work - even if it means walking away from the only listing on the street. In a scarcity market like Carlton Groves, honest counsel and early access make the difference.
Carlton Groves Subd No 3 Merritt Island in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA - confirm current dues
- 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 Carlton Groves Subd No 3 Merritt Island 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 Carlton Groves Subd No 3 Merritt Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Carlton Groves Subd No 3 Merritt Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Carlton Groves Subd No 3 Merritt Island home worth?
Get a no-obligation home value based on real comparable sales in Carlton Groves Subd No 3 Merritt Island, 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 Carlton Groves Subd No 3 Merritt Island on the map →
Carlton Groves Market Scorecard
Carlton Groves is currently a buyer-leaning market (limited data). About 3.0 months of supply, a median asking price of $274,999.
Typical home value in the 32952 ZIP is $438,601, about 10.9% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Based on information from the Space Coast MLS for the period 2026 through 2026-07-14. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
Is Carlton Groves Subd No 3 Merritt Island a buyer's or seller's market right now?
How many homes are in Carlton Groves Subd No 3 Merritt Island?
What share of Carlton Groves Subd No 3 Merritt Island is owner-occupied?
When were the homes in Carlton Groves Subd No 3 Merritt Island built?
Who is the best real estate agent for Carlton Groves Subd No 3 Merritt Island?
How do I find a top Merritt Island real estate agent who knows Carlton Groves Subd No 3 Merritt Island?
Can Momentum Realty connect me with an agent for Carlton Groves Subd No 3 Merritt Island?
Should you buy in Carlton Groves Subd No 3 Merritt Island?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Carlton Groves Subd No 3 Merritt Island with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: July 14, 2026) |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
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.
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