Colonial Arms
Condos for Sale in Merritt Island, FL
All 221 homes for sale in Merritt Island, FL · median $499,900 · 37 condos for sale in Merritt Island · 100 homes for sale in 32953 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 2026, the MLS records 34 closed sales in Colonial Arms Condo in Merritt Island, FL since 2005, the most recent in December 2024. Recorded prices across those 34 sales ran from $16,000 to $102,500 (median $38,000), on homes of 775 to 775 sq ft. Across Merritt Island as a whole, 263 homes closed in the last 12 months at a median of $440,000, 48 median days on market, with 66 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $590.
Colonial Arms Condo is a small condominium community in Merritt Island, and the honest starting point is that the current MLS snapshot gives us very little to price against. There were no closings in the window we track, and no community amenities surface from current listings. That means we cannot point to a recent comparable sale to anchor value — pricing here comes down to the individual unit: its condition, its floor and interior updates, and how the association's fees and reserves read on paper.
For a buyer, thin activity means you are negotiating in a data-light environment, so due diligence on the unit and the association matters more than usual. For a seller, the flip side is that with no recent closings setting a public benchmark, presentation and a defensible, condition-based asking strategy do the heavy lifting. Neither side should assume a market price exists in the background; you are effectively establishing it.
Nearby homes for sale
No active listings inside Colonial ArmsCondos for Sale in Merritt Island, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Colonial Arms is a condominium address on Merritt Island in Brevard County. With no recent recorded closings and no amenities identified in current listings, it reads as a quiet, small-scale ownership option rather than a resort-style complex.
Space Coast MLS sales records identify 15 homes in Colonial Arms Condo that have changed hands since 2005, built between 1964 and 1964 (median 1964), with a median living area of about 775 sq ft and a typical 2-bedroom, 1-bath layout; 100% are condominiums. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Colonial Arms Condo is best for.
Best for
- Buyers seeking a lower-maintenance Merritt Island condo and comfortable pricing off unit condition rather than recent sales
- Value-focused buyers willing to dig into association financials to find a well-run building
- Long-hold owners who don't need frequent-turnover liquidity to feel secure in the purchase
Probably not for
- Buyers who want resort-style amenities like a pool, fitness center, or clubhouse
- Buyers who need a stack of recent comparable sales before committing
- Those wanting a fast, liquid resale market with predictable exit pricing
The market around Colonial Arms Condo
Colonial Arms Condo is too small for its own price trend, so here is the market around it.
In ZIP 32953, 143 homes are on the market and 28% are under contract — a steady corner of Merritt Island.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
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.
ZIP and county figures describe the wider market, not Colonial Arms Condo specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Colonial Arms Condo, 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.
The Colonial Arms Condo buying strategy.
If we were buying in Colonial Arms Condo 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 Colonial Arms Condo.
A data-light condo market
The defining feature of Colonial Arms right now is what the numbers don't show. No closings registered in the window we monitor, so there is no fresh sold comp to lean on. In a community this size, that is not unusual — units simply do not trade often — but it changes how you approach value. Instead of a market-derived price, you work from the specific unit's condition and the health of the association.
Because no shared amenities appear in current MLS data, this is best understood as straightforward condo ownership: the value lives inside the four walls and in the association's financials. That puts a premium on reading the budget, reserves, and fee history closely, and on inspecting the unit itself rather than relying on comparable-sale shorthand.
The location and the amenities are priced into every listing in Colonial Arms Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with no recent closings to guide pricing, our job is to build a defensible number from the ground up — unit condition, association documents, and broader Merritt Island condo context — instead of leaning on a comp that isn't there. We will tell you plainly when the association or the unit doesn't support the price, on either side of the table.
Colonial Arms Condo 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 Colonial Arms Condo 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 Colonial Arms Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Colonial Arms Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Colonial Arms Condo home worth?
Get a no-obligation home value based on real comparable sales in Colonial Arms Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Colonial Arms Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (34 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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See how Colonial Arms Condo fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Colonial Arms
Where is Colonial Arms?
Colonial Arms is a community in Merritt Island, Brevard County, Florida, ZIP 32953.
Are there homes for sale in Colonial Arms right now?
No active listings inside Colonial Arms at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Colonial Arms have an HOA or CDD?
No HOA is on record for Colonial Arms in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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