S Merritt Estates 1St Grove Sec Merritt Island
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Price here is driven less by any published range and more by the water. This is a boating-oriented pocket of Merritt Island with a boat launch, dock, and park access reported across its listings, and that waterfront-adjacent character does more to set value than square footage alone. The median sits at $470,000 at a median of about $276 per square foot, but expect a wide, condition-driven spread around that number depending on how a given home sits relative to the water and its access.
Posture right now is thin. There are no active listings in the snapshot and only a handful of recent closings, so there is very little live inventory to read against. With a median of 41 days on market, this is not a frantic segment; homes that do come up take some time to trade. Sellers here hold a scarcity advantage; buyers should be patient, pre-approved, and ready to move when something does list, because comps are sparse enough that pricing each home is its own exercise.
The 60-Second Overview
S Merritt Estates 1St Grove Sec Merritt Island market snapshot (as of July 15, 2026): the median sale price is about $470K ($276 per sq ft over the trailing 12 months of closed sales), and a median 41 days on market for closed sales.
S Merritt Estates 1st Grove Section is a small, water-oriented enclave in Merritt Island (Brevard County) built around boating access rather than a single home type. With no active listings at last look, availability is the real constraint, not price.
The setting & the homes.
Aerial and on-site photos of S Merritt Estates 1St Grove Sec Merritt Island. Swipe to explore the community.
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S Merritt Estates 1St Grove Sec Merritt Island
S Merritt Estates 1St Grove Sec Merritt Island
S Merritt Estates 1St Grove Sec Merritt Island
S Merritt Estates 1St Grove Sec Merritt Island
S Merritt Estates 1St Grove Sec Merritt IslandS Merritt Estates 1St Grove Sec Merritt IslandPhotos from Space Coast MLS listings in S Merritt Estates 1St Grove Sec Merritt Island; content deemed reliable but not guaranteed.
Who S Merritt Estates 1St Grove Sec Merritt Island is best for.
Best for
- Boat owners who value a launch and dock more than any single floor plan
- Patient buyers comfortable waiting out thin inventory for the right home
- Buyers targeting a mid-market Merritt Island price around the $470,000 median
Probably not for
- Buyers who need to close on a tight timeline with limited listings available
- Anyone wanting a wide selection to compare side by side
- Buyers with no interest in water access who are paying for amenities they won't use
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($470K) IS the median in the snapshot above.
Windows contain 0 to 4 sales each (3 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.
South Merritt Estates Market Scorecard
South Merritt Estates is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.
Typical home value in the 32952 ZIP is $438,601, about 10.9% below 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.
S Merritt Estates 1St Grove Sec Merritt Island 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.
Life at S Merritt Estates 1St Grove Sec Merritt Island
- Boat Launch · reported on 2 of 2 listings
- Boat Dock · reported on 1 of 2 listings
- Park · reported on 1 of 2 listings
- Water · reported on 1 of 2 listings
Community amenities as reported across Space Coast MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
The S Merritt Estates 1St Grove Sec Merritt Island buying strategy.
If we were buying in S Merritt Estates 1St Grove Sec Merritt Island 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 S Merritt Estates 1St Grove Sec Merritt Island.
A boating pocket that trades on access
The amenity picture here is the story: boat launch, boat dock, park, and water access reported across the community's MLS listings. For a buyer, that means the value question is as much about what you can do from the property as about the house itself. Verify current amenities and any access rules directly with the HOA before you write an offer; reported features are not a guarantee of present-day access.
With a median of $470,000 and roughly $276 per square foot, this is a mid-market price point for Merritt Island, and the spread around it is condition- and location-driven. Because inventory is essentially nonexistent in the current snapshot and closings are limited, a single sale can move the perceived market. Treat any list price as a starting point for scrutiny, not a verdict.
The location and the amenities are priced into every listing in S Merritt Estates 1St Grove Sec Merritt Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin inventory and sparse comps are exactly where local read matters most. We track this community's listings the moment they surface, help you pressure-test a price when there are few recent sales to lean on, and push you to confirm boat launch, dock, and access details with the HOA rather than assume the MLS is current. When the right water-oriented property is worth waiting for, we will tell you; when a home is priced on its amenities more than its condition, we will tell you that too.
S Merritt Estates 1St Grove Sec Merritt Island in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a S Merritt Estates 1St Grove Sec Merritt Island 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 S Merritt Estates 1St Grove Sec Merritt Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in S Merritt Estates 1St Grove Sec Merritt Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your S Merritt Estates 1St Grove Sec Merritt Island home worth?
Get a no-obligation home value based on real comparable sales in S Merritt Estates 1St Grove Sec Merritt Island, 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 S Merritt Estates 1St Grove Sec Merritt Island on the map →
Frequently Asked Questions
What is the median home price in S Merritt Estates 1St Grove Sec Merritt Island?
How long do homes in S Merritt Estates 1St Grove Sec Merritt Island take to sell?
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Should you buy in S Merritt Estates 1St Grove Sec Merritt Island?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near S Merritt Estates 1St Grove Sec Merritt Island with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: July 14, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2005 (28 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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