Fairfax Subd in Merritt Island

Fairfax
Merritt Island

Merritt Island · Brevard County

A small established single-family subdivision on Merritt Island, near North Banana River Drive.

Established single-familySmall subdivisionNear Banana River Dr
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Space Coast MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseSpace Coast MLS
$340K
Median Price
8mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
$271/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Fairfax is a small, established single-family subdivision on Merritt Island (ZIP 32952), set off North Banana River Drive on the Banana River side of the island. Reported neighborhood profiles describe a quiet, walkable, small subdivision, and this is detached single-family rather than attached or gated product. The read is a low-key island address near the water without a high-amenity HOA: the decision turns on the specific home, the lot, condition, and confirming any HOA or dues, plus the flood zone and insurance picture given the proximity to the Banana River. Confirm flood, insurance, and any dues in writing before you write."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Fairfax Subd market snapshot (as of June 17, 2026): the median sale price is about $340K ($271 per sq ft), a buyer-leaning market (limited data). Based on 3 recent closings in live Space Coast MLS data.

Fairfax is a small, established single-family subdivision on Merritt Island, Brevard County (ZIP 32952), set off North Banana River Drive on the Banana River side of the island (neighborhood profiles).

Homes here are detached single-family, generally established rather than new, so condition, updates, and the lot vary home to home.

Reported neighborhood profiles describe a quiet, walkable, small subdivision near the water. Confirm any HOA status and what it covers, since small established subdivisions may have limited or no association.

Because Fairfax is a small established subdivision near the Banana River, the decision is home-and-lot specific. Read the home, the lot, and condition, confirm any HOA or dues, and confirm the flood zone and insurance picture given the water proximity before you offer.

Best for

  • Buyers who want a small, established single-family subdivision near the water on Merritt Island
  • Buyers who value a quiet, walkable address with quick island access
  • Buyers who will confirm flood zone, insurance, and any HOA or dues per home

Probably not for

  • Buyers who want a gated, high-amenity community
  • Buyers who want new construction or a large estate lot
  • Buyers who want to avoid any flood or coastal insurance consideration

How Fairfax is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
8Months of supplytight
72Median days on marketdays
1 : 2Under contract vs for salestrong demand
3Sold in last 12 monthsliquidity
-3%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from the Space Coast MLS, as of June 17, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Fairfax listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Fairfax Subd buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Fairfax

Live MLS inventory for Fairfax Subd. 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 Fairfax listings as of 2026-06-17, priced high to low. Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.. Tap any home to ask about it.

Listing locations from Space Coast MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

North Banana River Drive~1 to 3 min · main corridor nearby
SR 520 / Merritt Island causeways~5 to 12 min · to the mainland and the beaches, approximate
Cocoa Beach~15 to 25 min · east via the causeway, approximate
Kennedy Space Center area~20 to 30 min · north, approximate
Cocoa / mainland~12 to 20 min · west, approximate
Melbourne / I-95~25 to 35 min · south, approximate

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near FairfaxMerritt Island with Momentum Realty’s local guides.

The Lakes ofRidge ManorThe Lakes ofRidge ManorMerritt Island, FL · 0.4 miDiana ShoresDiana ShoresMerritt Island, FL · 0.6 miRosedaleSubdivisionRosedaleSubdivisionMerritt Island, FL · 0.6 miButtonwoodManorButtonwoodManorMerritt Island, FL · 0.7 miCarltonGrovesCarltonGrovesMerritt Island, FL · 0.9 miOrangeGrove ManorOrangeGrove ManorMerritt Island, FL · 1.0 miIsland OaksIsland OaksMerritt Island, FL · 1.0 miWilliamsburgVillage NWilliamsburgVillage NMerritt Island, FL · 1.0 miCountry Club ManorCountry Club ManorMerritt Island, FL · 1.1 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Fairfax (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Brevard County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Fairfax is served by Brevard County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Fairfax address.

The takeaway

What actually shapes value at Fairfax, sourced and dated. We do not publish rumor.

Recent Developments in Fairfax Subd

Our read on what is being built around Fairfax, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is a small, established single-family subdivision near the Banana River on Merritt Island. The watch items are the flood zone and insurance, any HOA or dues, the lot, and condition.

Small established single-family subdivision

NeutralDetached homes near the water draw steady demand, but value is home-specific and condition varies; confirm any HOA, the lot, and condition per home. impact
SignificanceRadius: Community

Small established single-family subdivision

Banana River proximity on Merritt Island

NeutralWater proximity supports island demand but raises flood-zone and insurance questions; confirm the flood zone and insurance before you write. impact
SignificanceRadius: Local

Banana River proximity on Merritt Island

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Fairfax Subd, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. Reported
    Community

    Small Merritt Island subdivision near North Banana River Drive

    Fairfax is reported as a small, established single-family subdivision on Merritt Island (32952), set off North Banana River Drive on the Banana River side of the island, described by neighbors as quiet, walkable, and small (neighborhood profiles). Treat figures as reported and confirm any HOA, the flood zone, and insurance. Why it matters: The small established island setting is the draw; value turns on the home, the lot, the flood picture, and condition. Source

Development alerts for Fairfax SubdGet a short monthly email when something new is approved, funded, or opens near Fairfax Subd.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Fairfax, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the flood zone and the insurance picture in writing, given the Banana River proximity.

2

Confirm any HOA status, dues, and what they cover, since small established subdivisions may have limited or no association.

3

Read the lot and any water access, since position and frontage drive value on the island.

4

Read condition on the specific home, the roof, HVAC, and systems, since homes here are established.

5

Comp within the subdivision and nearby established Merritt Island homes, not against new construction.

Best Buy
An updated single-family home on a good lot, with the flood zone, insurance, and any HOA confirmed.
Biggest Risk
Underestimating the flood-zone or insurance cost, or missing deferred maintenance on an established home.
Best Lot
Lot position and any water proximity or access drive value; confirm the specific lot and flood zone.
Smart Timing
Confirm the flood zone, insurance, and any HOA before you write.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Fairfax is a small, established single-family subdivision on Merritt Island (32952), Brevard County, set off North Banana River Drive on the Banana River side of the island, described by neighbors as quiet, walkable, and small. Homes are detached single-family, generally established. Any HOA may be limited or absent; confirm whether there is an HOA, the dues, and what they cover, and confirm the flood zone and insurance given the water proximity. It is zoned to Brevard Public Schools by address; verify with the district.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: dated single-family homes
$313K to $340K

The most attainable homes are dated single-family that need updates. Confirm the flood zone, insurance, and any HOA before assuming a value.

Lowest entry
Mid: updated single-family homes
$340K to $365K

The middle is updated single-family homes with refreshed kitchens, baths, and systems. Condition and lot separate these more than square footage.

Most inventory
High: updated homes on better or water-proximate lots
$365K to $365K

The top end is updated homes on better lots or with water proximity. These trade on the lot, condition, and the flood and insurance picture.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$313K to $340K
Entry: dated single-family homes
The most attainable homes are dated single-family that need updates. Confirm the flood zone, insurance, and any HOA before assuming a value.
$340K to $365K
Mid: updated single-family homes
The middle is updated single-family homes with refreshed kitchens, baths, and systems. Condition and lot separate these more than square footage.
$365K to $365K
High: updated homes on better or water-proximate lots
The top end is updated homes on better lots or with water proximity. These trade on the lot, condition, and the flood and insurance picture.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Merritt Island locationStrong
Scarce, established homesitesStrong
Established, in-demand locationPositive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Fairfax

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The island address and the water proximity are priced into every Fairfax listing. The deal is won on the home, the lot, the condition, and the flood and insurance picture, not the sticker.

Jon Brooks · Founder, Momentum Realty
7.4B · Buy Score
Resale Strength7.4/10
Renovation Risk6.0/10
Location Efficiency7.8/10
Long-Term Defensibility7.2/10
Carrying Cost Advantage6.4/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Fairfax is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Space Coast MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Space Coast MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Space Coast MLS; for orientation, not an appraisal.

15-Second Take
  • Lot position and any water proximity drive value on the island.
  • Confirm the flood zone, since it shapes insurance and carrying cost.
  • Read condition, since homes here are established.

In a small established island subdivision like Fairfax, the lot, the position, and any water proximity set value, and condition matters just as much given the age of the homes. Compare a home against the closest sale in the subdivision and nearby established Merritt Island homes, and confirm the flood zone, insurance, and any HOA before the finishes.

Fairfax in 15 seconds.

Best forBuyers who want a small, established single-family subdivision near the water on Merritt Island.
Strong onA quiet, walkable, small island address near North Banana River Drive with quick causeway access.
WatchThe flood zone and insurance, any HOA or dues, the lot, and condition on established homes.
Not forBuyers who want a gated, high-amenity community, new construction, or no coastal insurance consideration.
The edgeLot and condition define the market here, so matching an updated home on a good lot with the flood picture confirmed is the find.

HOA, CDD & Fees

15-Second Take
  • Confirm whether there is any HOA and what it covers.
  • Confirm the flood zone and insurance given the water proximity.
  • Read the lot and any water access.
  • Read condition, since homes here are established.
  • Comp within the subdivision and nearby established homes.

Fairfax is a small, established single-family subdivision, and any HOA may be limited or absent. Treat any figure as reported and confirm whether there is an HOA, the current dues, what they cover, and any rules for the exact home before you offer. Confirm CDD or HOA with the listing.

If an association exists, it likely covers limited common items rather than broad services. Confirm exactly what any dues cover for the home, and confirm there is no special assessment.

No golf club; confirm amenities. This is a small established single-family subdivision rather than an amenitized community; confirm any shared amenities or access with the listing.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Fairfax, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Banana River Drive, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Fairfax home worth?

Get a no-obligation home value based on real comparable sales in Fairfax matched to your condition, lot, and view, 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 Fairfax Subd on the map →
Or get your Fairfax Subd home value & selling guide →

Real comps, not a Zestimate.

Fairfax Market Scorecard

Buyer-Leaning Market (limited data)

Fairfax is currently a buyer-leaning market (limited data). About 8.0 months of supply, a median asking price of $314,950.

8.0
Months supply
$314,950
Median list
$340,000
Median sold
$271
Per sqft
n/a
Days on mkt
2/1/3
Active/Pend/Sold

Typical home value in the 32952 ZIP is $435,893, about 11.0% 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 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Is Fairfax a gated community?
No. Reported profiles describe Fairfax as a small, established single-family subdivision on Merritt Island, not a gated community. Confirm any access details with the listing.
What kinds of homes are in Fairfax?
Detached single-family homes, generally established rather than new. Condition, updates, and the lot vary home to home.
Does Fairfax have an HOA?
Any HOA may be limited or absent in a small established subdivision. Confirm whether there is an HOA, the dues, and what they cover for the exact home before you offer.
Is Fairfax in a flood zone?
Given the proximity to the Banana River, flood zone and insurance are real considerations. Confirm the flood zone and the insurance picture in writing for the specific home before you write.
Where is Fairfax located?
On Merritt Island (32952), off North Banana River Drive on the Banana River side of the island, with quick access to the causeways and the beaches.
Is Fairfax near the water?
Yes. The subdivision sits near the Banana River side of Merritt Island. Confirm the specific lot, any water proximity or access, and the flood zone for the home.
Is Fairfax a 55+ community?
Reported profiles describe it as an all-ages subdivision, not age-restricted. Confirm the current status if it matters to you.
What schools serve Fairfax?
It is zoned to Brevard Public Schools by home address. Assignments change, so verify the exact zoned schools with the district.
How far is Fairfax from the beach?
Cocoa Beach is roughly 15 to 25 minutes east via the causeway. Drive times are approximate and vary with traffic.
Is Fairfax a good investment?
A small, established single-family subdivision near the water on Merritt Island supports steady demand, but value is home-specific. Confirm the lot, condition, flood zone, insurance, and any HOA before deciding.
What should I check on an established home in Fairfax?
Read the roof, HVAC, and major systems, since homes here are established, and confirm the flood zone and insurance. Updates and the lot separate value more than square footage.
Should I use the listing agent to buy in Fairfax?
No. The listing agent works for the seller. In a small subdivision where the lot, condition, and flood picture drive value, having your own representation to read the comps and the insurance picture is the highest-leverage decision you make.
You want a small, established single-family subdivision near the water on Merritt IslandExcellent fit
You value a quiet, walkable address with quick island and causeway accessExcellent fit
You will confirm the flood zone, insurance, and any HOA or dues per homeExcellent fit
You want a gated, high-amenity communityProbably not
You want new construction or a large estate lotProbably not
You want to avoid any flood or coastal insurance considerationProbably not

Get the inside read on Fairfax

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Fairfax home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Fairfax specialist will reach out personally, usually the same day.

Space Coast MLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.

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