Stewarts Homestead
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Stewarts Homestead sits in the upper tier of the Merritt Island market, with a median around $1,392,500 and a median near $502 per square foot. At that price-per-foot, this is not a place where you buy on square footage alone — condition, finish level, lot, and any water or outdoor advantage are what move the number. Expect a wide spread between listings, because at this end of the market pricing is driven more by the specifics of each home than by any neighborhood floor or ceiling.
The current posture is patient. A median of 81 days on market tells you these homes take time to sell, which is normal for higher-priced, specific properties. For buyers, that means room to evaluate and negotiate rather than rush. For sellers, it means pricing to condition from day one and preparing for a longer window rather than a quick clearing. With only 5 closings in the tracked window, every comparable carries weight — one recent sale can shift how the next one is read.
The 60-Second Overview
Stewarts Homestead market snapshot (as of July 15, 2026): the median sale price is about $1.39M ($502 per sq ft over the trailing 12 months of closed sales), and a median 81 days on market for closed sales.
Stewarts Homestead is a small, high-end pocket of Merritt Island in Brevard County where individual home quality — not a published price band — defines value. Thin recent sales volume and a long selling window make this a market that rewards careful comparison over speed.
Who Stewarts Homestead is best for.
Best for
- Buyers with budgets in the seven figures seeking a distinctive individual home rather than a comparable-to-comparable value play
- Patient buyers willing to trade speed for time to evaluate and negotiate
- Sellers prepared to price to condition and accept a longer marketing window
Probably not for
- Buyers working from a modest budget or needing a fast, straightforward transaction
- Sellers who need to close quickly or expect a short days-on-market
- Anyone prioritizing shared community amenities, which current listings do not identify
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 ($1.39M) IS the median in the snapshot above.
Windows contain 0 to 5 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.
The Stewarts Homestead buying strategy.
If we were buying in Stewarts Homestead 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 Stewarts Homestead.
A condition-driven upper-tier market
The combination of a ~$502 median price-per-square-foot and an 81-day median on market points to a market of distinct, individually-priced homes rather than interchangeable inventory. Buyers here should underwrite each property on its own merits — the renovation level, the lot, the outdoor space — because the median tells you where the middle sits, not what any given home should cost.
No community amenities surface from current MLS listings, so the draw is the homes and the Merritt Island location itself rather than shared facilities. That keeps the focus squarely on the property. With just 5 closings in the window, both sides should lean on their agent to read thin data honestly instead of forcing a trend out of too few sales.
The location and the amenities are priced into every listing in Stewarts Homestead. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin sales volume and a long selling window are exactly the conditions where local judgment matters most. We read the handful of recent closings against each home's actual condition and position instead of leaning on a single median, and we price and negotiate for a market where homes sit and every comparable counts.
Stewarts Homestead 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 Stewarts Homestead 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 Stewarts Homestead sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Stewarts Homestead, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Stewarts Homestead home worth?
Get a no-obligation home value based on real comparable sales in Stewarts Homestead, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Stewarts Homestead?
How long do homes in Stewarts Homestead take to sell?
Who is the best real estate agent for Stewarts Homestead?
How do I find a top Merritt Island real estate agent who knows Stewarts Homestead?
Can Momentum Realty connect me with an agent for Stewarts Homestead?
Should you buy in Stewarts Homestead?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| 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 (18 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 your area comps.
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