Indian Bay Estates
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
As of September 2026, Indian Bay Estates in Merritt Island, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 6 recorded sales closed at a median of $570,000, $232 per square foot, a median 63 days on market, sellers accepting 94% of original asking (-3% versus the prior year). Homes listed or recently sold were built 1981–2000; 7 of 7 report an HOA (median $34/mo); none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $8,890 ($8,270 with the full homestead exemption).
Sections of Indian Bay Estates in the MLS
Indian Bay Estates in Merritt Island, FL is recorded as 2 separate subdivisions/phases in the MLS; 0 homes are for sale across them today. Each section has its own page:
- Indian Bay Estates Ph Ii · 2 sold/12 mo
- Indian Bay Estates Phase Ii
Price in Indian Bay Estates is driven by the individual home and its condition, not by a tidy tier of product. The median sits at $572,500, or roughly $232 per square foot, but with only four closings in the window that median is a rough marker rather than a precise gauge. Treat it as a starting point and expect condition, waterfront position, and lot to swing individual sales well off that center.
The market posture here is slow. Days on market run near 78, roughly two and a half months, and the heat score of 25 tells you this is a patient market that favors prepared buyers. Prices are off 2.6% year over year, so sellers should price to the current reality rather than last year's hopes, and buyers have room to negotiate on homes that have sat.
Indian Bay Estates right now
🟡 Balanced market. 2.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 12, 2026. Confidence: Medium (1 active and pending listings, 6 closed sales in 12 months).
🟡 Off the recent peak. The trailing-12-month median ($570K) is down 3.0% from the prior 12 months ($588K) and up 138% since 2012. With about 5 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 12. Confidence: Low (6 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Indian Bay Estates market snapshot (as of September 12, 2026): the median sale price is about $570K ($232 per sq ft over the trailing 12 months of closed sales), a median 63 days on market for closed sales, and 2.0 months of supply, a balanced market. The trailing-12-month median is down 3% from the prior 12 months and up 138% since 2012, computed from record-level Space Coast MLS closed sales (6 closings in the current window).
Indian Bay Estates is a small-volume Merritt Island community where homes trade infrequently and each sale carries outsized weight in the numbers. The longer arc is strong — values are up 154% since 2012 — but the near term is soft and unhurried.
The setting & the homes.
Aerial and on-site photos of Indian Bay Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Indian Bay Estates
Indian Bay Estates
Indian Bay Estates
Indian Bay Estates
Indian Bay Estates
Indian Bay Estates
Indian Bay EstatesPhotos from Space Coast MLS listings in Indian Bay Estates; content deemed reliable but not guaranteed.
Who Indian Bay Estates is best for.
Best for
- Buyers comfortable around the $572,500 median who plan to hold for the long term
- Patient shoppers willing to wait out a slow, roughly two-and-a-half-month market
- Those prioritizing the individual home and Merritt Island location over shared amenities
Probably not for
- Buyers needing to move quickly in a fast-turning market
- Anyone counting on near-term price gains, given the soft year-over-year read
- Those who want built-in community amenities, which current listings do not show
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($570K) IS the median in the snapshot above, and the move from 2025 ($588K) IS the -3.0% one-year change.
Windows contain 2 to 9 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period 2004 through 2026. Deemed reliable but not guaranteed.
28% of homes for sale in ZIP 32953 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-12).
Indian Bay Estates Market Scorecard
Indian Bay Estates is currently a balanced market. About 2.0 months of supply, a median asking price of $599,900.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Indian Bay Estates
Live MLS inventory for Indian Bay Estates. 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 Indian Bay Estates listings as of 2026-09-12, priced high to low. Based on information from the Space Coast MLS for the period 2004 through 2026. Tap any home to ask about it.
Indian Bay Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Carroll · Elementary
- Jefferson · Middle
- Merritt Island · High
Zoned schools reflect the assignments reported on recent Indian Bay Estates listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Indian Bay Estates address.
The Indian Bay Estates buying strategy.
If we were buying in Indian Bay Estates 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 Indian Bay Estates.
A thin, condition-driven market
With just four closings in the measured window, this is a low-liquidity market. That thin volume means no two listings are directly comparable, and the median can move sharply on a single unusual sale. Pricing and offer strategy both depend on studying the specific home rather than leaning on neighborhood averages.
The combination of a 78-day median on market and a soft year-over-year read means well-kept, correctly priced homes still move, while anything overpriced or in rough shape lingers. No community amenities surface from current MLS listings, so the value story rests on the homes themselves and the Merritt Island location.
The location and the amenities are priced into every listing in Indian Bay Estates. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Indian Bay Estates buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.9). Basis: Long-Term Appreciation +138% since 2012; Recent Direction -3.0% year-over-year; Liquidity & Demand 2.0 months of supply; Pricing Power 93.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin market like Indian Bay Estates, the averages lie more than they help. We read each home on its own merits — condition, lot, and position — and price or negotiate against the specific comparable rather than a shaky four-sale median. That discipline matters more here than in a high-volume community.
Indian Bay Estates 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 Indian Bay Estates 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 Indian Bay Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Indian Bay Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Indian Bay Estates home worth?
Get a no-obligation home value based on real comparable sales in Indian Bay Estates, 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 all homes for sale in Merritt Island →
Frequently Asked Questions
What is the median home price in Indian Bay Estates?
How long do homes in Indian Bay Estates take to sell?
Is Indian Bay Estates a buyer's or seller's market right now?
Have Indian Bay Estates home prices gone up?
Who is the best real estate agent for Indian Bay Estates?
How do I find a top Merritt Island real estate agent who knows Indian Bay Estates?
Can Momentum Realty connect me with an agent for Indian Bay Estates?
Should you buy in Indian Bay Estates?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Indian Bay Estates with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Space Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2004 (105 transactions analyzed) |
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 local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Indian Bay Estates fits the bigger picture — live prices, inventory, and Momentum Scores: