The Groves in Merritt Island

The Groves
North Merritt Island

Established single-family neighborhood · North Merritt Island · ZIP 32953

A quiet, established north Merritt Island neighborhood near the Space Coast job corridor.

North IslandQuiet and woodedNear KSC corridor
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Home sizes and conditions vary here, so a single sale can mislead; condition, the lot, and the flood zone decide where a specific home trades.
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Unlock Off-Market The Groves

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
$283K
Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
$212/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"The Groves is an established single-family neighborhood in North Merritt Island, so the read is condition-and-location driven rather than amenity driven. The north-Island setting is quieter and greener than the SR 520 core, and it sits close to the Kennedy Space Center and Cape Canaveral job corridor. Your leverage is the condition and systems read on the individual home, the HOA or deed-restriction picture, and a clear understanding of the flood and elevation for a specific lot."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

The Groves market snapshot (as of June 17, 2026): the median sale price is about $283K ($212 per sq ft), a buyer-leaning market (limited data). Based on 1 recent closings in live Space Coast MLS data.

The Groves is an established single-family neighborhood in North Merritt Island, in the 32953 ZIP, on Florida's Space Coast between the Indian and Banana Rivers. The north end of the Island is quieter and more wooded than the central SR 520 corridor, with a settled, low-traffic character.

Homes here are conventional single-family residences on real lots, with the styles, sizes, and vintages typical of an established Island neighborhood. Because most purchases are resale, the condition of the roof, systems, and any updates does more to set value than the headline number.

Confirm the HOA and deed-restriction picture for a specific home before you assume it. North Merritt Island includes a mix of associated and unassociated pockets, so verify any dues, what they cover, and any rules with the listing and the county.

The location is the steady draw: The Groves sits close to the Kennedy Space Center and Cape Canaveral job corridor and the north-Island conservation lands, with the central SR 520 shopping core and the causeways to the beaches a short drive south.

Best for

  • Buyers who want a quiet, established north Merritt Island setting
  • Kennedy Space Center and Cape Canaveral commuters who value a short drive to work
  • Buyers who prefer a wooded, low-traffic neighborhood over a busy corridor
  • Renovation-minded buyers comfortable updating an established single-family home

Probably not for

  • Buyers who want new construction with a builder warranty
  • Those seeking a gated, amenity-dense resort community
  • Buyers who want to be in the center of the shopping and dining corridor
  • Anyone unwilling to budget updates on an established home

How The Groves is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
72Median days on marketdays
0 : 0Under contract vs for salestrong demand
1Sold in last 12 monthsliquidity
+0%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 The Groves 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 The Groves buys, holds, and resells. See the five factors.

Homes For Sale Right Now in The Groves

Live MLS inventory for The Groves. 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.

No homes are actively for sale in The Groves right now, so its recent closed sales are shown, 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 north-Island setting is the whole point: a quiet, wooded location close to the Space Coast job corridor, with central shopping and the beaches a short drive south.

Kennedy Space Center area~15-20 min · North Island job corridor
SR 520 corridor and Merritt Square Mall~12-15 min · Central Island shopping and dining
Cocoa Beach and the Atlantic~25-30 min · East and south over the causeways
Cocoa Village~15-20 min · West across the Indian River
Port Canaveral~25-30 min · Cruise and waterfront dining
Orlando International Airport (MCO)~65 min · West via SR 528

Drive times are approximate and vary with traffic on the causeways and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near The GrovesNorth Merritt Island with Momentum Realty’s local guides.

Mandalay GroveMerritt IslandMandalay GroveMerritt IslandMerritt Island, FL · adjacentParadisePointParadisePointMerritt Island, FL · 0.7 miArmen GrovesMerritt IslandArmen GrovesMerritt IslandMerritt Island, FL · 0.8 miColony ParkMerritt IslandColony ParkMerritt IslandMerritt Island, FL · 0.9 miHeron Creekon Merritt IslandHeron Creekon Merritt IslandMerritt Island, FL · 0.9 miSunset LakesSunset LakesMerritt Island, FL · 1.0 miMerritt IslandVillageMerritt IslandVillageMerritt Island, FL · 1.0 miRiver IslandRaquette ClubRiver IslandRaquette ClubMerritt Island, FL · 1.1 miChase HammockLakesChase HammockLakesMerritt Island, FL · 1.5 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
The Groves (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

The Groves 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 The Groves address.

The takeaway

What is actually shaping value around The Groves: the strength of the Space Coast job market, the broader Island development push, and the Indian River Lagoon water-quality effort. Each item is sourced and linked.

Recent Developments in The Groves

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

Net OutlookBullishNorth Merritt Island's quiet setting and proximity to the Space Coast job corridor point up. The near-term watch items are the insurance and flood picture on established homes and how quickly limited resale supply turns.

Kennedy Space Center job corridor strength

Ongoing
BullishMajor impact
SignificanceRadius: Regional

A growing Space Coast aerospace job base near the north Island underpins housing demand here.

Merritt Island development boom along SR 520

2025
NeutralNotable impact
SignificanceRadius: Area

Investment in the central SR 520 corridor strengthens the broader Island while the north end stays quieter.

New Cape Canaveral Hospital campus on Merritt Island

Ongoing
BullishMajor impact
SignificanceRadius: Area

A replacement hospital campus rising on the Island strengthens local services for north-Island residents.

North Merritt Island conservation lands

Ongoing
BullishNotable impact
SignificanceRadius: Community

Proximity to north-Island conservation and refuge lands supports the quiet, wooded character buyers pay for.

Indian River Lagoon water-quality focus

Ongoing
NeutralNotable impact
SignificanceRadius: Regional

Lagoon restoration and septic-to-sewer programs shape long-term costs and quality of life on the Island.

Tight established-home resale supply

Ongoing
BullishNotable impact
SignificanceRadius: Community

Limited turnover in quiet north-Island neighborhoods keeps resale supply scarce, supporting pricing for updated homes.

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 The Groves, 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. November 2025
    Development

    Merritt Island development boom expands along SR 520

    A 296-unit luxury apartment project secured more than $51 million in financing on Fortenberry Road near SR 520, adding to a corridor that now includes a new hospital, entertainment venue, and retail projects on the Island. Why it matters: Investment in the Island's core strengthens the broader market while the north end remains quiet. Source

  2. December 2025
    Environment

    Brevard pushes on Indian River Lagoon water quality

    Brevard County asked the state for a hearing on a permit affecting lagoon discharge and expanded funding for septic-to-sewer upgrades, part of an ongoing effort to improve water quality around Merritt Island. Why it matters: Lagoon health is a long-term driver of quality of life on the Island, including the north end. Source

Development alerts for The GrovesGet a short monthly email when something new is approved, funded, or opens near The Groves.

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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 The Groves, this is the order of operations we would run, and the one we run for our clients.

1

Read the condition first. On an established home, price the roof, HVAC, plumbing, and any prior updates honestly before you judge a list price.

2

Confirm the HOA and deed restrictions. Verify whether there is an association, what it covers, and any rules with the listing and the county.

3

Check the flood and wind picture. Confirm the flood zone, elevation, and insurance quote for a specific home on the north Island.

4

Match the floor plan to real comps. Compare like-to-like square footage and condition, not just the neighborhood average.

5

Use the north-Island commute, and cross-shop Island Crossings for another established Merritt Island option nearby.

Best Buy
An updated home matched to like-for-like comps
Biggest Risk
Underbudgeting roof, systems, and insurance on an established home
Best Lot
A higher, drier lot with a confirmed favorable flood zone
Smart Timing
Confirm the HOA picture and the flood and wind costs before you offer
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

The Groves is a settled single-family neighborhood in North Merritt Island, not a master-planned community, so it trades on its quiet location and the individual home rather than shared amenities. The north end of the Island is more wooded and lower-traffic than the SR 520 core, and it sits close to the Kennedy Space Center and Cape Canaveral job corridor and north-Island conservation lands, with the central shopping corridor and the causeways to the beaches a short drive south. Confirm the HOA picture, deed restrictions, and flood zone for any specific home, since these vary across the Island.

The takeaway

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

The Entry Home
$283K to $283K

Smaller or original-condition homes that need updating. The renovation route into a quiet north-Island street.

Lowest entry
The Updated Core
$283K to $283K

Homes with newer roof, systems, and finishes on a solid lot, the heart of the resale market here.

Most inventory
The Larger Home
$283K to $283K

The bigger or most fully updated floor plans on a desirable wooded lot, the homes that hold value best.

Strongest resale

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

$283K to $283K
The Entry Home
Smaller or original-condition homes that need updating. The renovation route into a quiet north-Island street.
$283K to $283K
The Updated Core
Homes with newer roof, systems, and finishes on a solid lot, the heart of the resale market here.
$283K to $283K
The Larger Home
The bigger or most fully updated floor plans on a desirable wooded lot, the homes that hold value best.

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.

Quiet, wooded north-Island settingStrong
Close to the Space Coast job corridorStrong
Low-traffic, established characterPositive
Established-home condition and insuranceManage it
Confirm the flood zone per homeVerify 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 The Groves

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 quiet north-Island setting and the lot are priced into every listing. The deal is won or lost on condition, the flood zone, and the renovation math.

Jon Brooks · Founder, Momentum Realty
7.6B · Buy Score
Resale Strength7.5/10
Renovation Risk5.8/10
Location Efficiency8.2/10
Long-Term Defensibility7.3/10
Carrying Cost Advantage7.4/10

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 The Groves 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
  • A higher, drier lot with a favorable flood zone holds value
  • Confirm the flood zone before the finishes
  • Mature trees and a wooded setting are a real draw
  • Conventional lots, no master-plan premium
  • Read the lot and elevation first, then the home

On an established north-Island street, the lot and its elevation matter as much as the house. A higher, drier lot with a favorable flood zone carries a real, durable advantage in both insurance cost and resale, while the home itself can always be updated. The wooded north-Island setting is part of the draw. Read the lot, the elevation, and the flood zone first, then price the home against it.

The Groves in 15 seconds.

Best forBuyers who want a quiet, established north Merritt Island setting near the Space Coast job corridor.
Biggest advantageA quiet, wooded north-Island location minutes from the Kennedy Space Center corridor and a drive from the beaches.
Biggest riskCondition, insurance, and the flood zone on an established single-family home.
Sweet spotAn updated home on a higher, drier lot, matched honestly to recent comps.
Avoid ifYou want new construction, a gated amenity community, or a central corridor address.

HOA, CDD & Fees

15-Second Take
  • Confirm the HOA picture per home
  • No CDD expected, confirm per parcel
  • Verify deed restrictions with the county
  • Budget a reserve for an established home
  • Quiet north-Island location is the real draw

The HOA picture varies by home and should be confirmed; North Merritt Island includes both associated and unassociated pockets. No CDD is expected, but confirm per parcel.

If an association applies, confirm exactly what it covers and any deed restrictions with the listing and the county before you assume.

There is no resort clubhouse or golf course tied to this neighborhood; the draw is the quiet setting, the location, and the lot.

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 The Groves, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Island Crossings, 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 The Groves home worth?

Get a no-obligation home value based on real comparable sales in The Groves 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 The Groves on the map →
Or get your The Groves home value & selling guide →

Real comps, not a Zestimate.

The Groves Market Scorecard

Buyer-Leaning Market (limited data)

The Groves is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$283,000
Median sold
$212
Per sqft
n/a
Days on mkt
0/0/1
Active/Pend/Sold

Typical home value in the 32953 ZIP is $427,456, about 2.1% above 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

Where is The Groves located?
The Groves is an established single-family neighborhood in North Merritt Island, Brevard County, in the 32953 ZIP, on Florida's Space Coast between the Indian and Banana Rivers.
What kind of homes are in The Groves?
It is a neighborhood of conventional single-family homes on real lots, with the styles, sizes, and vintages typical of an established Island neighborhood. Most purchases are resale.
Is there an HOA in The Groves?
The HOA picture varies and should be confirmed for a specific home. North Merritt Island includes both associated and unassociated pockets. Verify any dues, inclusions, and deed restrictions with the listing and the county.
Is there a CDD fee in The Groves?
No CDD is expected for this established neighborhood. Confirm per parcel on the tax record as a matter of course.
What ZIP code is The Groves in?
The Groves is in the 32953 ZIP code, the North Merritt Island area of Brevard County.
Is The Groves close to Kennedy Space Center?
Yes. North Merritt Island sits close to the Kennedy Space Center and Cape Canaveral job corridor, keeping that commute short relative to mainland Brevard.
How far is The Groves from the beach?
Cocoa Beach and the Atlantic are a drive east and south over the causeways, typically around 20 to 30 minutes depending on the exact home and traffic. Confirm by address.
What is the north Merritt Island area like?
It is quieter and more wooded than the central SR 520 corridor, with a settled, low-traffic character and proximity to north-Island conservation lands and the Space Coast job market.
What schools serve The Groves?
The neighborhood is served by Brevard Public Schools. School assignment is by address and changes periodically, so confirm the exact zoned schools for a specific home with the district.
Do I need flood insurance in The Groves?
It depends on the specific home's flood zone and elevation, which vary across Merritt Island. Confirm the flood zone, elevation certificate, and insurance quote for any home before you offer.
Are homes in The Groves a good value?
Value here is condition-driven. The right read is a comparable-sales analysis on a specific home, matched to its floor plan and condition, rather than the neighborhood average.
Is The Groves a good investment?
The quiet north-Island setting and proximity to the Space Coast job market support resale here. As with any established-home market, condition and the insurance picture drive the outcome; this is not a guarantee of future value.
What should I check before buying in The Groves?
Confirm the roof and systems age, the flood zone and insurance quote, the HOA picture and any deed restrictions, and pull true comparable sales matched to the home's size and condition.
Should I use the listing agent to buy in The Groves?
No. The listing agent works for the seller. On an established home where condition and insurance can swing the real cost, having your own representation is the highest-leverage decision you make.
Buyers who want a quiet, established north Merritt Island settingExcellent fit
Kennedy Space Center and Cape Canaveral commuters who value a short drive to workExcellent fit
Buyers who prefer a wooded, low-traffic neighborhood over a busy corridorExcellent fit
Renovation-minded buyers comfortable updating an established single-family homeExcellent fit
Buyers who will read the condition and insurance picture honestlyExcellent fit
Buyers who want new construction with a builder warrantyProbably not
Those seeking a gated, amenity-dense resort communityProbably not
Buyers who want to be in the center of the shopping and dining corridorProbably not
Anyone unwilling to budget updates on an established homeProbably not
Buyers who need a walkable, amenity-dense master planProbably not

Get the inside read on The Groves

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your The Groves 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 The Groves 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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