Georgiana Reserve market snapshot (as of June 17, 2026): the median sale price is about $838K ($297 per sq ft), a buyer-leaning market (limited data). Based on 3 recent closings in live Space Coast MLS data.
Georgiana Reserve is a gated, newer single-family community in south Merritt Island, positioned between the Indian and Banana rivers off the Georgiana area. It offers new-construction homes reported in the range of about 2,400 to nearly 4,000 square feet, a larger and more modern profile than much of the island's older stock.
Because it is a gated, newer development, the structure is different from the established island subdivisions: there is a meaningful homeowners association, reported in published figures, and the homes carry contemporary layouts and finishes. Confirm the current HOA dues, what they cover, and the builder and warranty specifics for a given home, since reporting on the developer has varied.
The south Merritt Island setting is the draw: a quieter, between-the-rivers location with a gated, newer feel. As with any low-lying island site, elevation, drainage, and flood-zone status are worth confirming, and they vary by lot.
For buyers who want a newer, larger home in a gated island setting and are comfortable with an HOA, Georgiana Reserve is one of the few newer options on Merritt Island. The work is confirming the builder, warranty, HOA, and the lot's drainage before you commit.
