Groves
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Groves is a community in Merritt Island, Brevard County, FL. Across Merritt Island as a whole, 267 homes closed in the last 12 months at a median of $439,900, 49 median days on market, with 71 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,860 ($6,240 with the full homestead exemption).
The Groves is a small, built-out pocket of larger homes in Merritt Island, with a median around 3,120 square feet and a build window running 1987 to 2002. In a community this size, price is set far more by condition and updating than by any headline number - an original 1990s interior and a fully renovated one can sit worlds apart on the same street plan. Treat the median as a starting reference, not a rule.
Right now there are zero active listings against just 11 homes total, so this is a low-turnover, thin-inventory market. For a seller that means scarcity works in your favor when you do list. For a buyer it means patience: you may wait for the right home to come available, and when it does, come prepared to move rather than negotiate against a crowd of comparable options.
The 60-Second Overview
Groves is a compact enclave of 11 sizable homes built between 1987 and 2002, with living space that skews well above the Brevard norm. With no active listings on the market as of mid-2026, it trades quietly and infrequently.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Groves is best for.
Best for
- Buyers seeking 3,000-plus square feet who value space over shared amenities
- Patient purchasers willing to wait for the rare listing and act decisively when it appears
- Owners planning a long hold rather than a quick resale
Probably not for
- Buyers who need a home now and want several comparable options to choose from
- Anyone prioritizing new construction or turnkey systems over a home built in the 1987-2002 window
- Those wanting community amenities such as a clubhouse, pool, or gate
The market around Groves
Groves 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 Groves specifically. Momentum Research analysis of MLS records.
The Groves buying strategy.
If we were buying in Groves 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.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
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 Groves.
A small, spacious Merritt Island enclave
What defines the Groves is scale and stability. Eleven homes, a median build year of 1994, and a median footprint over 3,000 square feet make this a place for buyers who want room rather than turnover. There are no community amenities identified in current MLS records, so the value proposition is the house and the lot, not a shared clubhouse or gate - evaluate each property on its own merits.
The homestead share sits near 18%, which suggests a meaningful portion of these homes are not owner-occupied primary residences. That can mean seasonal use or investment holdings, and it reinforces the low-turnover picture: homes here tend to be held rather than flipped. Buyers should budget for the age of systems in homes now two to four decades old, and read every inspection carefully given how much condition drives price in a market with so few comparables.
The location and the amenities are priced into every listing in Groves. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In an 11-home community with nothing currently listed, generic search alerts fail you. We track this enclave directly, know when a home is likely to come available, and can price condition against a thin comp set the way an outsider cannot. Whether you are trying to land a home here or trying to sell one for full value into that scarcity, the edge is local knowledge - not volume.
Groves in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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 Groves 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 Groves sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Groves, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Groves home worth?
Get a no-obligation home value based on real comparable sales in Groves, 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 Groves on the map →
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Brevard County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Brevard County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
The Groves Market Scorecard
The Groves is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.
Typical home value in the 32953 ZIP is $426,993, 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
How many homes are in Groves?
What share of Groves is owner-occupied?
When were the homes in Groves built?
Who is the best real estate agent for Groves?
How do I find a top Merritt Island real estate agent who knows Groves?
Can Momentum Realty connect me with an agent for Groves?
Should you buy in Groves?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Groves 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 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 →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
More Merritt Island & Space Coast / Brevard County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Space Coast / Brevard County or the full Neighborhood Finder.
See how Groves fits the bigger picture — live prices, inventory, and Momentum Scores: