Lucas Terrace
Homes for Sale in Merritt Island, FL

Lucas Terrace is a modest residential enclave on Merritt Island in Brevard County, with no community amenities identified in the current listings — the draw here is location and the individual house, not shared facilities.

Space Coast MLS sales records identify 8 homes in Lucas Terrace that have changed hands since 2012, built between 1968 and 1969 (median 1969), with a median living area of about 1,350 sq ft and a typical 4-bedroom, 2-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

Lucas Terrace is too small for its own price trend, so here is the market around it.

In ZIP 32953, 143 homes are on the market and 28% are under contract — a steady corner of Merritt Island.

Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).

In ZIP 32953 (Merritt Island), 243 homes closed in the last 12 months at a median of $435K ($251/sq ft), down 9.8% year over year, with a median 40 days on market. Right now 42 active and 11 pending listings put supply at about 4.1 months — a balanced market. See the live ZIP 32953 housing market and the Brevard County market.

ZIP and county figures describe the wider market, not Lucas Terrace specifically. Momentum Research analysis of MLS records.

With closings limited to a short recent window and no amenity package to standardize value, Lucas Terrace behaves like a house-by-house market. That is not a knock — smaller Merritt Island streets often trade this way — but it changes how you shop. You are buying a specific structure and its condition, and the spread between a dated home and an updated one can be wide.

Merritt Island's central location in Brevard puts this pocket within reach of the wider Space Coast, and Lucas Terrace sits as a quieter residential setting rather than a facility-driven community. Anyone expecting a pool, gate, or clubhouse should look elsewhere; the value proposition here is the home and where it sits.

In a low-volume pocket like this, the median lies and the comps are sparse — so the work is in reading each home's condition against the few sales that actually apply. We underwrite listings individually, tell you when a price is optimistic, and won't pretend a quiet market gives us more certainty than it does.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.