Sunset Lakes

Merritt Island · Brevard County

A deed-restricted, amenity-rich lake community in north Merritt Island, reported to span hundreds of single-family homes around lakes with an Indian River pier, courts, and playgrounds. The read is the phase, the lot, and the full carrying cost.

North Merritt IslandDeed-restricted, lakesIndian River pier

Live Market Pulse

74/100
Momentum

Seller's Market (limited data)

Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.

Free · No obligation

Unlock Off-Market Sunset Lakes

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Space Coast MLS data14 years of closingsLocal renovation analysisUpdated twice daily

LiveMarket PulseSpace Coast MLS

$494K

Median Price

1.2mo

Supply

n/a

Avg DOM

Strong

Seller Leverage

$245/sf

Median $/Sqft

n/a

1-Yr Price Change

0now

Distress

Jon's Current Read

"Sunset Lakes is a deed-restricted single-family community in north Merritt Island, reported to span roughly 469 homes across multiple phases around a network of lakes. The amenity package is the draw: a pier on the Indian River, tennis and basketball courts, playgrounds, a soccer field, and reported jogging paths, all supported by a homeowners association. Homes are reported to range widely in size across phases, so the phase and the lot drive value as much as the home. The catch buyers should read is the full carrying cost: confirm the current HOA dues and exactly what they cover, plus the flood zone per parcel, since lake-front and lower lots carry different flood reads. The community is established and larger than most island neighborhoods, so inventory is steadier than the island's tiny subdivisions. The read is the phase, the lot, the build year, and the full carrying cost, confirmed in writing before you offer."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Sunset Lakes market snapshot (as of June 17, 2026): the median sale price is about $494K ($245 per sq ft), a seller's market (limited data). Based on 10 recent closings in live Space Coast MLS data.

Sunset Lakes is a deed-restricted single-family community in north Merritt Island, Brevard County (ZIP 32953). Third-party profiles describe roughly 469 homes across multiple phases, including this Phase III, set around a network of reported lakes, with homes ranging widely in size.

The amenity package is the signature. Reported amenities include a pier on the Indian River, tennis and basketball courts, playgrounds, gazebos, a soccer field, and jogging paths, supported by a homeowners association. Amenities and their inclusion in the HOA change, so confirm the current amenity list and budget with the association before you offer.

Because the community spans multiple phases and a wide range of home sizes, the phase and the lot drive value as much as the home itself. Lake-front and water-view lots carry premiums and a different flood read than interior lots, so weigh the lot heavily and comp a home against its own phase and lot tier.

The carrying-cost picture is the part to read carefully. Confirm the current HOA dues and exactly what they cover, the flood zone per parcel, and the condition of any home, since build years vary across phases. Confirm the school assignment by address with Brevard Public Schools, since zoning changes.

Quick Match

Who Sunset Lakes is best for.

Best for

Buyers who want a deed-restricted, amenity-rich lake community
Buyers who value a pier, courts, playgrounds, and shared amenities
Buyers who want steadier inventory than the island's tiny subdivisions
Buyers who will confirm the HOA scope, flood zone, and lot

Probably not for

Buyers who want a no-HOA, fully unrestricted setting
Buyers who want oceanfront or direct deep-water frontage
Buyers unwilling to confirm the HOA, flood zone, and phase details
Buyers who want new construction and turnkey, code-current systems

Market Pulse

How Sunset Lakes is performing right now

74/100
momentum

Seller's Market (limited data)

Seller's marketBalancedBuyer's market

1.2Months of supplytight

72Median days on marketdays

3 : 1Under contract vs for salestrong demand

10Sold in last 12 monthsliquidity

+127%Median price since 2012appreciation

-6%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from the Space Coast MLS, as of June 17, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Sunset Lakes listings and the trailing twelve months of closed sales.

Where prices are going$850K2026 YTD

Median sale price by year. Tap a label to compare Diana Shores or Merritt Island. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$3072026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now1 : 3active : pending

For sale1

Pending3

Sold 12mo10

Active and pending listings now vs homes sold in the last 12 months.

8.6A- score

Momentum intelligence

Momentum buy score

Our proprietary read on how a home in Sunset Lakes buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Sunset Lakes

Live MLS inventory for Sunset Lakes. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

732 Bantry Court home for sale in Sunset Lakes

ActiveTop listing

$525,000

3 bd · 2 ba · 2,267 sqft · built 2001

732 Bantry Court, Merritt Island, 32953

Strong resaleReno opportunityBest value

Listed by Keller Williams Space Coast

3786 Sierra Drive home for sale in Sunset Lakes

Pending

$575,000

3 bd · 2 ba · 1,865 sqft · built 1994

3786 Sierra Drive, Merritt Island, 32953

Strong resaleRenovatedLakefront

Listed by Florida Lifestyle Realty LLC

703 Killarney Court home for sale in Sunset Lakes

Pending

$475,000

3 bd · 2 ba · 1,601 sqft · built 2000

703 Killarney Court, Merritt Island, 32953

Strong resaleLakefrontPool

Listed by C. Apollo Realty Inc

3812 Sunbeam Court home for sale in Sunset Lakes

Pending

$429,000

3 bd · 2 ba · 1,656 sqft · built 1997

3812 Sunbeam Court, Merritt Island, 32953

Strong resaleRenovatedLakefront

Listed by RE/MAX Aerospace Realty

Active and pending Sunset Lakes listings as of 2026-06-17, priced high to low. Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.. Tap any home to ask about it.

Interactive Map

Sunset Lakes on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Space Coast MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Drive times from Sunset Lakes. They are approximate and vary with traffic and your exact start point.

Merritt Island shopping (SR 520 corridor)~12 to 18 min · approximate, varies with traffic

Cocoa Beach~22 to 30 min · via the causeway

Kennedy Space Center area~15 to 25 min · Space Coast employment

Cocoa and I-95 (via SR 528 or SR 520)~18 to 25 min · mainland highway access

Orlando International Airport~50 to 65 min · via SR 528

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Sunset Lakes with Momentum Realty’s local guides.

Armen GrovesMerritt IslandMerritt Island, FL · 0.2 mi

Colony ParkMerritt IslandMerritt Island, FL · 0.2 mi

Merritt IslandVillageMerritt Island, FL · 0.4 mi

The GrovesNorth Merritt IslandMerritt Island, FL · 1.0 mi

Mandalay GroveMerritt IslandMerritt Island, FL · 1.0 mi

Heron Creekon Merritt IslandMerritt Island, FL · 1.3 mi

ParadisePointMerritt Island, FL · 1.5 mi

Otter TraceMerritt Island, FL · 1.7 mi

River IslandRaquette ClubMerritt Island, FL · 1.8 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr

Sunset Lakes (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take

Brevard County Public Schools
Verify the zoned schools by address
Magnet and choice options may be available
Confirm current ratings before relying on them
Private and parochial options nearby

Sunset Lakes is served by Brevard County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Sunset Lakes address.

The takeaway

What actually shapes value in and around Sunset Lakes, sourced and dated. We do not publish rumor.

Recent Developments in Sunset Lakes

Development Intelligence

Our read on what is being built around Sunset Lakes, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is a deed-restricted, amenity-rich lake community in north Merritt Island, where the phase, the lot, and the full carrying cost drive outcomes. Watch north-island access via SR 528 and SR 3, Space Coast employment, and confirm the HOA and flood details per parcel.

Deed-restricted lake community with shared amenities

BullishA pier on the Indian River, tennis and basketball courts, playgrounds, and a soccer field, supported by an HOA, support demand and a sense of community. Confirm the current amenity list and budget. impact

SignificanceRadius: Community

Deed-restricted lake community with shared amenities

Larger, established community means steadier inventory

NeutralWith roughly 469 homes across phases, inventory turns over more steadily than the island's tiny subdivisions, giving buyers more to choose from. Comp by phase and lot, not the community average. impact

SignificanceRadius: Community

Larger, established community means steadier inventory

Lake-front lots and the per-parcel flood read

NeutralLake-front and lower lots carry premiums and a different flood read than interior lots. Verify the flood zone and an insurance quote per parcel before you set a budget. impact

SignificanceRadius: Community

Lake-front lots and the per-parcel flood read

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Sunset Lakes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

November 2025
Development
Merritt Island development boom continues
Space Coast Daily reported in November 2025 on a new 296-unit luxury apartment project on Fortenberry Road, part of an ongoing Merritt Island development boom along the SR 520 corridor near Merritt Square, the new amphitheater, and a future Health First hospital campus. Why it matters: Sustained investment on Merritt Island supports convenience and long-run demand for established island communities like Sunset Lakes. It is a structural positive, not a reason to skip per-home diligence. Source
Ongoing
Access
North-island access via SR 528 and SR 3
Merritt Island sits between the Indian and Banana Rivers; State Road 3 runs the length of the island and was extended north in 2025 toward a junction with SR 321 at Space Commerce Way, while SR 528 links the island toward Orlando and the airport. Why it matters: North-island road improvements underpin commute and airport access for communities like Sunset Lakes. Test your real commute at the times you would actually drive it. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

The Strategy

The Sunset Lakes buying strategy.

If we were buying in Sunset Lakes, this is the order of operations we would run, and the one we run for our clients.

Confirm the full carrying cost, not just the HOA number. Get the current HOA dues and exactly what they cover in writing before you decide what you can afford.

Pull the flood zone and quote insurance early. Lake-front and lower lots carry a different flood read; do this per parcel before you set a budget.

Comp by phase and lot exposure. Lake-view lots carry premiums and hold value differently than interior lots, and home sizes vary across phases.

Confirm the amenities and the build year, since amenities and their HOA inclusion change and build years vary across phases.

Cross-shop a central-island option like Diana Shores on lot, water access, and budget before you commit.

The Quick Decision

Best Buy

A well-located home in a desirable phase on a lake-view lot, in sound condition, with the HOA scope and flood zone confirmed.

Biggest Risk

Budgeting only the HOA number and missing the flood read, or overpaying a lot premium the market no longer supports.

Best Lot

Lake-view lots carry premiums; interior lots are where the negotiating room lives.

Smart Timing

With steadier inventory than tiny island subdivisions, resales aging past sixty days can have flexibility; confirm fees and comps first.

Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Sunset Lakes is a deed-restricted single-family community in north Merritt Island, Brevard County (ZIP 32953), reported to span roughly 469 homes across multiple phases, including this Phase III, around a network of lakes. Reported amenities include a pier on the Indian River, tennis and basketball courts, playgrounds, gazebos, a soccer field, and jogging paths, supported by a homeowners association. Homes range widely in size across phases, so the phase and the lot drive value as much as the home. Confirm the current HOA dues and what they cover, the flood zone per parcel, the condition and build year of any home, and the current school assignment by address with Brevard Public Schools, since details change.

Sunset Lakes Homes For Sale

What your money buys in Sunset Lakes.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Sunset Lakes today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

Entry: smaller plans, interior lots

$375K to $480K

The smaller homes and interior lots are the entry door into a deed-restricted lake community with full amenity rights. Confirm the phase, condition, and HOA scope before you offer.

Lowest entry

Core: mid-size single-family

$480K to $571K

The mid-size single-family homes are the core of the community, many with lake or water exposure. Confirm the phase, lot, and the specifics per home.

Most inventory

High: larger plans, lake-view lots

$571K to $629K

The largest homes on the best lake-view lots carry the top of the community. Lot and home size separate these most. Confirm the specifics per home.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings

What Your Money Buys

What ~$494K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$375K to $480K

Entry: smaller plans, interior lots

The smaller homes and interior lots are the entry door into a deed-restricted lake community with full amenity rights. Confirm the phase, condition, and HOA scope before you offer.

$480K to $571K

Core: mid-size single-family

The mid-size single-family homes are the core of the community, many with lake or water exposure. Confirm the phase, lot, and the specifics per home.

$571K to $629K

High: larger plans, lake-view lots

The largest homes on the best lake-view lots carry the top of the community. Lot and home size separate these most. Confirm the specifics per home.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Sunset Lakes, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take

Renovation math decides the deal
Better lots and views resell strongest
Roof and HVAC age drive the insurance quote
Interior lots are where buyers overpay

Proprietary Data

The renovation premium.

Renovated-listing inventory in Sunset Lakes is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

Lot Value

The lot premium.

On a preferred homesite (water, preserve, corner, or a larger lot), the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Sunset Lakes holds value.

Our read on the factors that protect resale here, and the one to manage.

No CDD on the tax billStrong

Central Merritt Island locationStrong

Scarce, established homesitesStrong

Established, in-demand locationPositive

All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Sunset Lakes

15-Second Take

Calling the listing agent (who works for the seller)
Misjudging the renovation budget
Overpaying for an interior lot
Underbudgeting the carrying costs
Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Sunset Lakes is easy to like for the lakes and the amenities. The deal is won or lost on the phase, the lot, and the full carrying cost, not the HOA number alone.

Jon Brooks · Founder, Momentum Realty

Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

7.9B · Buy Score

Resale Strength7.9/10

Renovation Risk7.4/10

Location Efficiency7.8/10

Long-Term Defensibility8.0/10

Carrying Cost Advantage7.2/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Sunset Lakes is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Space Coast MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Space Coast MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates

Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)

$261 value$401 premium

Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Space Coast MLS; for orientation, not an appraisal.

15-Second Take

Golf, lake, and preserve lots hold value best
Interior lots are where buyers overpay
The lot cannot be renovated, the house can
Premium homesites resell faster
~3% asking premium for premium lots today

In a built-out club community, the lot is the resale insurance

The houses can be renovated, but the lot and view cannot. Golf frontage, lakefront, and preserve lots consistently command higher premiums and resell faster than interior lots backing to another home. The premium you pay for a great homesite is the discount you avoid when you sell.

The mistake is paying an estate price for a base interior lot. We help buyers spot which homesites carry real, durable premiums and which are dressed-up interiors, so your money lands where the market will give it back.

Strongest resale Golf frontage and lakefront homesites at Sunset Lakes

Golf & lakefront lots

Open views over the course or the 26 community lakes. The scarcest, most in-demand homesites; they command the highest premiums and resell fastest.

Strong resale Preserve-backing homesites at Sunset Lakes

Preserve lots

Backing to protected preserve means privacy with no rear neighbor. A consistent favorite that holds value well above a standard interior lot.

Moderate resale Cul-de-sac and larger interior homesites at Sunset Lakes

Cul-de-sac & larger lots

Less traffic, more yard, and an easy walk to the club for some streets. A real but smaller premium that depends on the street and parcel size.

Value tier Standard interior homesites at Sunset Lakes

Standard interior lots

The most affordable way through the gates, and the best renovation value. Just do not pay a golf or lake price for one, this is where buyers most often overpay.

Relative resale strength by lot and view, illustrative of how Sunset Lakes homesites trade. The exact premium depends on the specific home, the view, and the street.

The 15-Second Verdict

Sunset Lakes in 15 seconds.

Best forBuyers who want a deed-restricted, amenity-rich lake community in north Merritt Island with a pier, courts, and playgrounds.

Strong onShared amenities, a network of lakes, an Indian River pier, steadier inventory than tiny island subdivisions, and a north-island location.

WatchThe HOA scope, the flood zone, and the phase and lot variation. Confirm the carrying cost and the flood read per parcel.

Not forBuyers who want a no-HOA setting, oceanfront frontage, or new construction and turnkey systems.

The edgeA desirable phase on a lake-view lot in sound condition, with the HOA scope and flood zone confirmed, can be a durable north-island value.

HOA, CDD & Fees

15-Second Take

Confirm the current HOA dues and what they cover
Confirm the current amenity list and budget
Verify the flood zone per parcel, especially lake lots
Comp by phase and lot before you offer
Confirm any deed restrictions in writing

We do not publish an HOA figure here because dues and inclusions change. Sunset Lakes is a deed-restricted community with a homeowners association, so confirm the current dues, exactly what they cover, and any deed restrictions in writing with the association and the listing before you offer. These are community-specific.

Reported HOA-supported amenities include a pier on the Indian River, tennis and basketball courts, playgrounds, gazebos, a soccer field, and jogging paths, plus grounds and common areas. Do not assume inclusions; confirm the current budget and what is covered with the association.

Sunset Lakes is an amenity community organized around lakes and shared facilities rather than a private clubhouse with dues like a country club. Confirm the current amenities, any access rules, and the budget with the HOA.

Run Your Numbers

Tools for a Sunset Lakes buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxBrevard County millage and the homestead picture.Rent vs buyThe breakeven on owning in Sunset Lakes.Save Our HomesProject your homestead tax cap over time.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Selling in Sunset Lakes

Price it to your phase, lot, and condition, with the full carrying cost shown.

If you are selling in Sunset Lakes, the right list price comes from recent sales matched to your phase, lot, and condition, in a community where home sizes vary widely. The amenity-included lifestyle is your marketing asset.

Momentum listings (YTD)

97.98%

Sold-to-list ratio across our market for our agents, sellers keeping more of their price.

Market average (YTD)

96.73%

The broader metro average sold-to-list ratio over the same period.

Momentum days on market

64 days

Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.

Market days on market

72 days

The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Sunset Lakes, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Diana Shores, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Sunset Lakes home worth?

Get a no-obligation home value based on real comparable sales in Sunset Lakes matched to your condition, lot, and view, 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 Sunset Lakes on the map →
Or get your Sunset Lakes home value & selling guide →

Real comps, not a Zestimate.

Sunset Lakes Market Scorecard

Seller's Market (limited data)

Sunset Lakes is currently a seller's market (limited data). About 1.2 months of supply, a median asking price of $525,000.

1.2

Months supply

$525,000

Median list

$494,250

Median sold

$245

Per sqft

n/a

Days on mkt

1/3/10

Active/Pend/Sold

Typical home value in the 32953 ZIP is $427,456, about 2.1% above 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 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Sunset Lakes located?

Sunset Lakes is a deed-restricted single-family community in north Merritt Island, Brevard County, Florida (ZIP 32953), set around a network of lakes near the Indian River.

Does Sunset Lakes have an HOA?

Yes. Sunset Lakes is a deed-restricted community with a homeowners association. Confirm the current dues, exactly what they cover, and any deed restrictions in writing with the association before you offer.

How many homes are in Sunset Lakes?

Third-party sources describe roughly 469 homes across multiple phases, including this Phase III. Treat the count as reported and confirm specifics with the HOA and the listing.

What amenities does Sunset Lakes have?

Reported amenities include a pier on the Indian River, tennis and basketball courts, playgrounds, gazebos, a soccer field, and jogging paths. Confirm the current amenity list and what the HOA includes with the association.

What kind of homes are in Sunset Lakes?

Single-family homes that range widely in size across the community's phases, many on lake or water-view lots. Confirm the specific phase, size, year built, and lot for any home you consider.

How is the flood situation in Sunset Lakes?

Flood zone and base flood elevation are parcel-specific here, and lake-front and lower lots can carry a different flood read than interior lots. Verify the current flood zone and get an insurance quote early for any specific home.

What schools serve Sunset Lakes?

The community is served by Brevard Public Schools, with north Merritt Island campuses nearby. Assignment is by address and can change, so confirm current zoning with the district for any specific home.

How far is Sunset Lakes from the beach?

Cocoa Beach is roughly a 22 to 30 minute drive depending on traffic and route across the causeway. Sunset Lakes is an inland north-island community rather than an oceanfront one.

Is Sunset Lakes good for a Space Coast commute?

North Merritt Island offers reasonable access to Kennedy Space Center, Cape Canaveral, and other Space Coast employers via SR 3 and SR 528. Test-drive your specific commute at the times you would actually make it.

How does the pricing work across phases?

We do not publish price figures here. Pricing tracks the specific home, its phase, lot, and condition, since home sizes vary widely. Confirm current pricing on the live listings on this page; we pull exact comps by phase and lot.

How does Sunset Lakes compare to other Merritt Island neighborhoods?

Sunset Lakes is a larger, deed-restricted, amenity-rich lake community, while many island neighborhoods are smaller and unrestricted. The right fit depends on whether you want shared amenities and an HOA. We tour both with buyers.

Do I need my own agent to buy in Sunset Lakes?

Yes. The listing agent works for the seller. Your own agent confirms the HOA scope, flood zone, and phase details, then pulls true comps by phase and lot before you offer. Momentum Realty represents you, not the seller.

The Verdict

Should you buy in Sunset Lakes?

An honest fit check. We will tell you when it is not your community.

You want a deed-restricted, amenity-rich lake communityExcellent fit

You value a pier, courts, playgrounds, and shared amenitiesExcellent fit

You want steadier inventory than the island's tiny subdivisionsExcellent fit

You will confirm the HOA scope, flood zone, and lot before offeringExcellent fit

You want a north-island location near Space Coast employersExcellent fit

You want a no-HOA, fully unrestricted settingProbably not

You want oceanfront or direct deep-water frontageProbably not

You will not confirm the HOA, flood zone, and phase detailsProbably not

You want new construction and code-current systemsProbably not

You want acreage or a large private lotProbably not

Get the inside read on Sunset Lakes

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Sunset Lakes home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

You are all set.

A Momentum Realty Sunset Lakes specialist will reach out personally, usually the same day.

Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS.

Sunset Lakes

The 60-Second Overview

Who Sunset Lakes is best for.

Best for

Probably not for

How Sunset Lakes is performing right now

Homes For Sale Right Now in Sunset Lakes

Sunset Lakes on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in Sunset Lakes

Deed-restricted lake community with shared amenities

Larger, established community means steadier inventory

Lake-front lots and the per-parcel flood read

Merritt Island development boom continues

North-island access via SR 528 and SR 3

The Sunset Lakes buying strategy.

The full read, only if you want it.

What your money buys in Sunset Lakes.

What ~$494K buys here.

Renovation & Resale Intelligence

The renovation premium.

The lot premium.

How well Sunset Lakes holds value.

5 Mistakes Buyers Make in Sunset Lakes

Calling the listing agent

Misjudging the renovation math

Overpaying for an interior lot

Underbudgeting the carrying costs

Skipping the systems check

Momentum Buy Score.

Why our read on Sunset Lakes is different.

Which Lots & Views Hold Value Best

In a built-out club community, the lot is the resale insurance

Golf & lakefront lots

Preserve lots

Cul-de-sac & larger lots

Standard interior lots

Sunset Lakes in 15 seconds.

HOA, CDD & Fees

Tools for a Sunset Lakes buy.

Price it to your phase, lot, and condition, with the full carrying cost shown.

In Sunset Lakes, condition and view decide your number

What is your Sunset Lakes home worth?

Price History: What Homes Here Have Actually Sold For

Sunset Lakes Market Scorecard

Frequently Asked Questions

Should you buy in Sunset Lakes?

Get the inside read on Sunset Lakes

You are all set.

Need to sell fast in Brevard County?

You just read the data. Now see what your home is worth.