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.