Penn Place
Condos for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 2 closed sales in Penn Place Condo Ph Iv in Merritt Island, FL since 2014, the most recent in March 2018. 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).
Part of Penn Place, Merritt Island, FL — see all Penn Place homes for sale (0 listings across 4 sections in the MLS).
Penn Place Condo Ph IV is a small condominium phase in Merritt Island, and the honest starting point is that the current MLS snapshot is thin on hard numbers. There is no median price, no days-on-market figure, and no documented community amenities to lean on here, so anyone pricing a unit is working off recent comparable sales and the specifics of the individual condo rather than a deep community track record.
In a market this quiet on data, condition and interior updates tend to do most of the pricing work. For a seller, that means presentation and a clean, well-documented listing carry weight. For a buyer, it means you are underwriting the specific unit and the HOA far more than any community-wide trend, and you should expect to do that homework before you commit.
The 60-Second Overview
Penn Place Condo Ph IV is a condominium community in Merritt Island, in Brevard County, with no amenities identified from current MLS listings — a compact, straightforward condo setting rather than a resort-style association.
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 Penn Place Condo is best for.
Best for
- Buyers seeking a lower-maintenance condo in Merritt Island who value location over amenities
- Value-focused buyers willing to underwrite a specific unit's condition and HOA health
- Sellers of an updated unit ready to lean on presentation and clean documentation to set price
Probably not for
- Buyers who require community amenities like a pool, gym, or clubhouse
- Buyers who want a long, well-established pricing history before committing
- Buyers unwilling to scrutinize HOA reserves, rules, or rental restrictions
The market around Penn Place Condo
Penn Place Condo is too small for its own price trend, so here is the market around it.
In ZIP 32952, 151 homes are on the market and 28% are under contract — a steady corner of Merritt Island.
Across Brevard County, 4,087 homes are active and 1,495 pending (27% under contract).
ZIP and county figures describe the wider market, not Penn Place Condo specifically. Momentum Research analysis of MLS records.
The Penn Place Condo buying strategy.
If we were buying in Penn Place Condo 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 Penn Place Condo.
A data-light condo phase
Because the current listing feed does not surface community amenities or reliable pricing benchmarks for this phase, the smart move is to treat each unit on its own terms. Square footage, floor level, updates, and the health of the association budget will shape value more than any headline community stat.
Location does part of the work here. Merritt Island sits within reach of the wider Brevard County road network and the coastal corridor, so proximity and access matter to the story even when the community-level amenity list is empty. Verify HOA rules, reserves, and any rental restrictions early — in a small condo phase those details can define what your unit is worth and how you can use it.
The location and the amenities are priced into every listing in Penn Place Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with limited public data, our value is legwork: pulling recent comparable sales, reading the HOA financials and rules, and pricing a unit off its actual condition rather than a guess. We will tell you plainly when a specific unit or a specific budget does not line up with what Penn Place Ph IV realistically offers.
Penn Place Condo 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 Penn Place Condo 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 Penn Place Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Penn Place Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Penn Place Condo home worth?
Get a no-obligation home value based on real comparable sales in Penn Place Condo, 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 →
Should you buy in Penn Place Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Space Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2014 (2 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 Penn Place Condo Ph Iv fits the bigger picture — live prices, inventory, and Momentum Scores: