Merritt Towers Condo Ph Iii
Homes for Sale in Merritt Island, FL

Community in Merritt Island · Brevard County
Median sale $330K
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Built fromLive Space Coast MLS data22 years of closingsUpdated twice daily
Live · Merritt Towers Condo Ph Iii Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$330K
Median sold · 12 mo
$201/sf
Sold $/sqft · 12 mo
peak $244 in 2023
96.3%
Sale vs ask
Tempo
60days
Median DOM · closed
3 days at the 2017 low
5
Sold · last 12 mo
10-yr average: about 5 a year
Track record · 22 years of records
1,629sqft
Median sold home size
12-mo windows, closed sales
Jon Brooks, founder of Momentum Realty
Jon's Current Read

This is a condo market where the number that matters is condition, not location alone. The median sits at $329,900, or about $201 per square foot, and in a small building like this the spread around that median is driven mostly by how updated a given unit is and where it sits in the tower. Two units the same size can price very differently based on kitchens, baths, and views.

At a median of 60 days on market across a thin window of recent closings, this is not a frantic market. Buyers have room to look, compare, and negotiate on condition. Sellers should price to the comps honestly and expect a measured pace rather than a bidding war. With so few closings to lean on, one or two sales move the read, so pricing off the actual unit in front of you matters more than off the community average.

The 60-Second Overview

Merritt Towers Condo Ph Iii market snapshot (as of July 15, 2026): the median sale price is about $330K ($201 per sq ft over the trailing 12 months of closed sales), and a median 60 days on market for closed sales.

Merritt Towers Condo Ph III is a condominium building on Merritt Island in Brevard County, where pricing turns on individual unit condition and position rather than on shared amenities.

Best for

  • Buyers seeking a lower-maintenance condo on Merritt Island who will scrutinize a unit's condition and view
  • Buyers comfortable negotiating on price where the pace runs around 60 days on market
  • Value-minded buyers willing to update a dated unit priced below the median

Probably not for

  • Buyers who want a building with a pool, gym, or other shared amenities
  • Buyers who need to move on a fast timeline and expect quick turnover
  • Buyers uneasy pricing off a small set of recent closings

Windows contain 1 to 9 sales each (5 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 %s through %s. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$200K$300K$400K20122014201620182020202220242026
Every sale since 2004 · price vs size
$0$200K$400K1k2k2k
77 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$150$200$25020122014201620182020202220242026
Up from $88 in 2012 to a $244 peak in 2023; $201 now.
Median days on market · closed sales
05010015020122014201620182020202220242026
3 days at the 2017 low; 60 now.
Sale price vs original ask · median
90%95%100%20122014201620182020202220242026
96.3% now.
Homes sold per 12-mo window
025820122014201620182020202220242026
1 to 9 a year; 5 in the current window.

If we were buying in Merritt Towers Condo Ph Iii today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Merritt Towers Condo Ph Iii.

Best Buy
Buyers who want a condo lifestyle on Merritt Island and will judge value by the unit itself.
Biggest Risk
A thin sales window of five closings makes pricing sensitive to any single comparable.
Sweet Spot
An updated unit priced honestly near the $329,900 median with a strong position in the building.
Avoid If
You need on-site amenities, since none are identified from current MLS listings.

A unit-by-unit market

There are no community amenities identified from current MLS listings, so the value proposition here is the residence itself and the location on Merritt Island. That puts the burden on the individual unit: floor, layout, view, and how much updating has been done. When you tour, weigh renovation costs against the median of $329,900, because that is where your comparison really lives.

The recent sales window is small, which is normal for a single building and something to respect rather than fear. It means each comparable carries real weight, and it means an appraisal and a careful review of what actually sold are worth the time. Don't lean on averages here; lean on the specific comparable unit.

The location and the amenities are priced into every listing in Merritt Towers Condo Ph Iii. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a small condo building with a thin sales record, the difference between a good outcome and a bad one is reading the individual unit against the handful of real comparables. We track what actually closed here, help you price renovation gaps against the $329,900 median, and negotiate on condition rather than hope. If a unit isn't the right fit for what you want, we'll say so.

Merritt Towers Condo Ph Iii in 15 seconds.

Best forBuyers who want a condo lifestyle on Merritt Island and will judge value by the unit itself.
Biggest advantageA measured pace at a median 60 days on market gives buyers time to compare condition carefully.
Biggest riskA thin sales window of five closings makes pricing sensitive to any single comparable.
Sweet spotAn updated unit priced honestly near the $329,900 median with a strong position in the building.
Avoid ifYou need on-site amenities, since none are identified from current MLS listings.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Merritt Towers Condo Ph Iii sales matched to your home.

What is your Merritt Towers Condo Ph Iii home worth?

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Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Merritt Towers Condo Ph Iii?
The median sale price in Merritt Towers Condo Ph Iii was $330K over the 12 months ending July 15, 2026 (5 closed sales, Space Coast MLS).
How long do homes in Merritt Towers Condo Ph Iii take to sell?
Homes that closed in the 12 months ending July 15, 2026 took a median 60 days on market (5 sales, Space Coast MLS).
Who is the best real estate agent for Merritt Towers Condo Ph Iii?
The best agent for Merritt Towers Condo Ph Iii is one who actively works Merritt Island and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Merritt Towers Condo Ph Iii.
How do I find a top Merritt Island real estate agent who knows Merritt Towers Condo Ph Iii?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Merritt Towers Condo Ph Iii and the wider Merritt Island area.
Can Momentum Realty connect me with an agent for Merritt Towers Condo Ph Iii?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Merritt Towers Condo Ph Iii purchase or sale - no call center and no pressure.
Buyers seeking a lower-maintenance condo on Merritt Island who will scrutinize a unit's condition and viewExcellent fit
Buyers comfortable negotiating on price where the pace runs around 60 days on marketExcellent fit
Value-minded buyers willing to update a dated unit priced below the medianExcellent fit
Buyers who want a building with a pool, gym, or other shared amenitiesProbably not
Buyers who need to move on a fast timeline and expect quick turnoverProbably not
Buyers uneasy pricing off a small set of recent closingsProbably not

Data sources & freshness

Community market statsSpace Coast MLS closed sales, 12-month windows ending July 15, 2026
Under-contract sharesSpace Coast MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2004 (77 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.

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