Colony Park Merritt Island
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Colony Park sits in that unleveraged part of Merritt Island where original 1960s-era cottages trade alongside occasional newer flips and tear-down-rebuild projects. The median home is a 990-square-foot concrete-block ranch built in 1980 - square footage and condition are your two pricing levers. With construction dates spanning six decades, you are essentially buying by the remodel, not the address.
Two active listings against 115 homes yields twelve months of supply, a deep buyer's market. The 35.7 percent homestead share skews lower than most Space Coast owner-occupied neighborhoods, which tilts the stock toward rentals and investor holds. Expect longer negotiation runways and condition-sensitive pricing; sellers here are contending with a surplus inventory of similarly modest footprints and mixed updates.
Colony Park Merritt Island right now
🟢 Buyer-leaning market. 12.0 months of supply and 33% of the inventory already under contract give buyers above-average negotiating leverage.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 (3 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 Colony Park Merritt Island. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Colony Park Merritt Island
Colony Park Merritt Island
Colony Park Merritt Island
Colony Park Merritt Island
Colony Park Merritt IslandPhotos from Space Coast MLS listings in Colony Park Merritt Island; content deemed reliable but not guaranteed.
Who Colony Park Merritt Island is best for.
Best for
- Cash or renovation-loan buyers with construction literacy who see upside in a sub-1,000-square-foot remodel.
- Small-footprint investors comfortable holding through longer lease-up cycles in a lower-homestead neighborhood.
- Buyers who prioritize central Merritt Island access and lot control over neighborhood amenities or resale ceiling.
Probably not for
- Turnkey buyers expecting updated kitchens, modern HVAC, and move-in condition at the median price point.
- Buyers counting on rapid appreciation or short hold periods in a market currently showing twelve months of supply.
- Anyone needing more than three bedrooms or seeking a neighborhood with shared amenities and high owner-occupancy.
The market around Colony Park Merritt Island
Colony Park 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 Colony Park Merritt Island specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Colony Park Merritt Island
Live MLS inventory for Colony Park 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 Colony Park 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.
Colony Park 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
- Carroll · Elementary
- Jefferson · Middle
- Merritt Island · High
Zoned schools reflect the assignments reported on recent Colony Park 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 Colony Park Merritt Island address.
The Colony Park Merritt Island buying strategy.
If we were buying in Colony Park 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Colony Park Merritt Island.
Six decades of bones
Colony Park's 115 homes were platted starting in 1960, with steady infill through the early 1980s and the occasional new build or replacement home as late as 2022. The median year built is 1980; the median living area is 990 square feet. That compact median square footage reflects the neighborhood's original single-story floor plans - two-bedroom, one-bath or three-bedroom, one-and-a-half-bath configurations on slab foundations.
There are no HOA amenities, no pool, no clubhouse. The appeal is proximity to central Merritt Island services and a flat lot you can customize. The wide construction date range means one home may be all-original with jalousie windows while the next has been gutted to the studs. Home inspections and permit research are non-negotiable.
The homestead share of 35.7 percent is well below Brevard's typical owner-occupant range, pointing to a rental-investor presence that softens demand elasticity. With twelve months of supply on the market and only two active listings, volume is thin but leverage is firmly on the buyer's side. Offers can be deliberate, contingencies standard, and inspection repair requests taken seriously.
The location and the amenities are priced into every listing in Colony Park Merritt Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Colony Park deals close on due diligence, not emotion. Our agents walk homes with contractors, read permits, distinguish between cosmetic and structural updates, and know which 1960s-era systems are obsolete versus serviceable. In a thin, slow-turn market like this, we write offers that reflect actual condition and replacement cost - and we will tell you when the juice is not worth the squeeze.
Colony Park 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 Colony Park 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 Colony Park 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 Colony Park 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 Colony Park Merritt Island home worth?
Get a no-obligation home value based on real comparable sales in Colony Park 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 Colony Park Merritt Island on the map →
Colony Park Market Scorecard
Colony Park is currently a buyer-leaning market (limited data). About 12.0 months of supply, a median asking price of $147,000.
Typical home value in the 32953 ZIP is $425,821, right around 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 Colony Park Merritt Island a buyer's or seller's market right now?
How many homes are in Colony Park Merritt Island?
What share of Colony Park Merritt Island is owner-occupied?
When were the homes in Colony Park Merritt Island built?
Who is the best real estate agent for Colony Park Merritt Island?
How do I find a top Merritt Island real estate agent who knows Colony Park Merritt Island?
Can Momentum Realty connect me with an agent for Colony Park Merritt Island?
Should you buy in Colony Park Merritt Island?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Colony Park 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.
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 your area comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.