Summer Place Condominium
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
At a median of $159,900 and roughly $154 per square foot, Summer Place is priced as a condo play rather than a lifestyle purchase. With no amenities identified from current MLS listings, price here is driven by the unit itself — condition, layout, and floor — not by shared features, so the spread between a tired unit and an updated one can be wide even inside one building.
The posture is a fast-but-softening market. Median days on market sits at 14, so well-priced units move quickly, but the year-over-year figure is down 9.3% and the heat score of 37 points to a market that has cooled off. Sellers should price to the current comps, not to last year's; buyers have some negotiating room but still need to move decisively on the sharp listings.
Summer Place Condominium right now
🔴 Off the recent peak. The trailing-12-month median ($160K) is down 9.3% from the prior 12 months ($176K) and up 276% since 2012. With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending July 15. Confidence: Medium (9 and 6 sales in the two windows).
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Updated July 15, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Summer Place Condominium market snapshot (as of July 15, 2026): the median sale price is about $160K ($154 per sq ft over the trailing 12 months of closed sales), and a median 14 days on market for closed sales. The trailing-12-month median is down 9% from the prior 12 months and up 276% since 2012, computed from record-level Space Coast MLS closed sales (9 closings in the current window).
Summer Place is an entry-priced condominium community on Merritt Island where the value equation rests on the individual unit rather than shared amenities. Recent activity is thin — nine closings in the window — so each sale carries real weight in setting the next comp.
Who Summer Place Condominium is best for.
Best for
- First purchase buyers looking for a low entry price around the mid-$150s
- Investors seeking a modest-cost unit where condition upgrades drive value
- Long-horizon owners comfortable holding through a softer year
Probably not for
- Buyers who want a clubhouse, pool, or other shared amenities on site
- Short-term flippers counting on quick appreciation off a market that's down year-over-year
- Anyone needing deep comp data to feel confident, given the thin closing volume
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 ($160K) IS the median in the snapshot above, and the move from 2025 ($176K) IS the -9.3% one-year change.
Windows contain 2 to 16 sales each (9 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 Summer Place Condominium buying strategy.
If we were buying in Summer Place Condominium 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 Summer Place Condominium.
A condition-driven condo market
With no community amenities pulled from current listings, there is no clubhouse or pool premium propping up values — what you pay tracks the unit you buy. That makes condition the lever. An updated interior can justify the top of the range while a dated one trades below the median, and the $154 per square foot figure is a midpoint, not a floor or a ceiling.
The thin closing count — nine in the measured window — means comps are limited and any single sale moves the read. A 14-day median tells you the priced-right units clear fast, but the 9.3% year-over-year decline says the ceiling has come down from the prior peak. Longer-horizon owners have seen the market climb 276% since 2012, useful context for anyone weighing this as a hold rather than a quick flip.
The location and the amenities are priced into every listing in Summer Place Condominium. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Summer Place Condominium buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.5). Basis: Long-Term Appreciation +276% since 2012; Recent Direction -9.3% year-over-year; Pricing Power 93.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a low-volume condo market, the comps do the talking and there aren't many of them — nine closings in the window means one mispriced listing can distort the whole picture. We read the units individually, weigh condition against the median, and price to what is actually clearing in 14 days rather than to a number that stalled. That discipline matters more here than in a deep, active market.
Summer Place Condominium 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 Summer Place Condominium 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 Summer Place Condominium sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Summer Place Condominium, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Summer Place Condominium home worth?
Get a no-obligation home value based on real comparable sales in Summer Place Condominium, 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 Summer Place Condominium on the map →
Frequently Asked Questions
What is the median home price in Summer Place Condominium?
How long do homes in Summer Place Condominium take to sell?
Have Summer Place Condominium home prices gone up?
Who is the best real estate agent for Summer Place Condominium?
How do I find a top Merritt Island real estate agent who knows Summer Place Condominium?
Can Momentum Realty connect me with an agent for Summer Place Condominium?
Should you buy in Summer Place Condominium?
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 (287 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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