Sunset Lakes Phase Iii Merritt Island in Merritt Island

Sunset Lakes Phase Iii Merritt Island
Homes for Sale in Merritt Island, FL

Community in Merritt Island · Brevard County
Median sale $412K
Free · No obligation
Talk to a Sunset Lakes Phase Iii Merritt Island Expert

True comps, carrying-cost math, and listings before the portals.

Photo via Space Coast MLS

Built fromLive Space Coast MLS data22 years of closingsUpdated twice daily
Live · Sunset Lakes Phase Iii Merritt Island Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$412K
Median sold · 12 mo
down 10.8% vs the prior 12 months
-10.8%
1-yr price change
n = 4 and 3 sales in the two windows
$264/sf
Sold $/sqft · 12 mo
peak $264 in 2026
94.3%
Sale vs ask
Brevard median: 96.2%
+195%
T12M median vs 2012
from a $140K median in 2012
Tempo
14days
Median DOM · closed
13 days at the 2017 low
100%
Under contract
Brevard: 28% (1,397 of 4,982)
0 · 1
For sale · pending
live counts, refreshed twice daily
4
Sold · last 12 mo
10-yr average: about 3 a year
Track record · 22 years of records
1,754sqft
Median sold home size
12-mo windows, closed sales
Sunset Lakes Phase Iii Merritt Island Housing Pulse · Momentum Research · as of July 15, 2026

Sunset Lakes Phase Iii Merritt Island right now

🔴 Off the recent peak. The trailing-12-month median ($412K) is down 10.8% from the prior 12 months ($462K) and up 195% since 2012. With about 2 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: Low (4 and 3 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

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

Sunset Lakes Phase Iii Merritt Island market snapshot (as of July 15, 2026): the median sale price is about $412K ($264 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 11% from the prior 12 months and up 195% since 2012, computed from record-level Space Coast MLS closed sales (4 closings in the current window).

Windows contain 0 to 5 sales each (4 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.

Median sale price · trailing 12 mo
$200K$300K$400K$500K20122014201620182020202220242026
Down 10.8% year over year; up 195% since 2012.
Every sale since 2004 · price vs size
$0$200K$400K2k2k2k
54 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$20020122014201620182020202220242026
Up from $73 in 2012 to a $264 peak in 2026; $264 now.
Median days on market · closed sales
010020020122014201620182020202220242026
13 days at the 2017 low; 14 now.
Sale price vs original ask · median
70%80%90%100%20122014201620182020202220242026
94.3% now vs Brevard 96.2%.
Homes sold per 12-mo window
02420122014201620182020202220242026
0 to 5 a year; 4 in the current window.
Indexed since 2012 · Sunset Lakes Phase Iii Merritt Island vs Brevard
100200300400Brevard +273%Sunset Lakes Phase Iii Merritt Island +195%20122014201620182020202220242026
Same Space Coast MLS record, indexed to 100 at 2012.

Sunset Lakes Market Scorecard

Buyer-Leaning Market (limited data)

Sunset Lakes is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$509,250
Median sold
$252
Per sqft
n/a
Days on mkt
0/1/12
Active/Pend/Sold

Typical home value in the 32953 ZIP is $425,821, right around 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.

Homes For Sale Right Now in Sunset Lakes Phase Iii Merritt Island

Live MLS inventory for Sunset Lakes Phase Iii Merritt Island. 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.

Active and pending Sunset Lakes Phase Iii Merritt Island listings as of 2026-07-14, priced high to low. Based on information from the Space Coast MLS for the period %s through %s. Tap any home to ask about it.

Listing locations from Space Coast MLS. Map data © OpenStreetMap, tiles © CARTO.

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.

Schools

In short
  • Brevard County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Carroll · Elementary
  • Jefferson · Middle
  • Merritt Island · High

Zoned schools reflect the assignments reported on recent Sunset Lakes Phase Iii Merritt Island listings and can change; always confirm with Brevard County Public Schools for a specific address.

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

If we were buying in Sunset Lakes Phase Iii Merritt Island today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Sunset Lakes Phase Iii Merritt Island.

A closer look at the Sunset Lakes Phase Iii Merritt Island market

At a median of $264 per square foot, Sunset Lakes Phase Iii Merritt Island prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.

The trailing-12-month median down 11% year over year. Homes that do trade take a median 14 days on market, useful leverage on any listing that has lingered.

The location and the amenities are priced into every listing in Sunset Lakes Phase Iii Merritt Island. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
6.5B- · Buy Score
Long-Term Appreciation10.0/10
Recent Direction3.3/10
Pricing Power6.2/10

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 +195% since 2012; Recent Direction -10.8% year-over-year; Pricing Power 94.3% sale-to-list. Refreshed with each data update.

HOA, CDD & Fees

In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Sunset Lakes Phase Iii Merritt Island sales matched to your home.

What is your Sunset Lakes Phase Iii Merritt Island home worth?

Get a no-obligation home value based on real comparable sales in Sunset Lakes Phase Iii 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 Sunset Lakes Phase Iii Merritt Island on the map →

Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Sunset Lakes Phase Iii Merritt Island?
The median sale price in Sunset Lakes Phase Iii Merritt Island was $412K over the 12 months ending July 15, 2026 (4 closed sales, Space Coast MLS).
How long do homes in Sunset Lakes Phase Iii Merritt Island take to sell?
Homes that closed in the 12 months ending July 15, 2026 took a median 14 days on market (4 sales, Space Coast MLS).
Have Sunset Lakes Phase Iii Merritt Island home prices gone up?
The trailing-12-month median is up 195% since 2012, from $140K to $412K (Space Coast MLS closed records).
Who is the best real estate agent for Sunset Lakes Phase Iii Merritt Island?
The best agent for Sunset Lakes Phase Iii Merritt Island is one who actively works Merritt Island and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Sunset Lakes Phase Iii Merritt Island.
How do I find a top Merritt Island real estate agent who knows Sunset Lakes Phase Iii Merritt Island?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Sunset Lakes Phase Iii Merritt Island and the wider Merritt Island area.
Can Momentum Realty connect me with an agent for Sunset Lakes Phase Iii Merritt Island?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Sunset Lakes Phase Iii Merritt Island purchase or sale - no call center and no pressure.

Nearby Communities

Explore more neighborhoods near Sunset Lakes Phase Iii Merritt Island with Momentum Realty’s local guides.

Mandalay Grove Subdivision Merritt IslandMerritt Island, FL · 0.2 miAGArmen Groves Merritt IslandMerritt Island, FL · 0.8 miMIMerritt Island Village Merritt IslandMerritt Island, FL · 0.9 miSGSea Gate Merritt IslandMerritt Island, FL · 1.0 miOsprey Village At Cedar Creek Ph Ii Merritt IslandMerritt Island, FL · 1.0 miGTGroves The Merritt IslandMerritt Island, FL · 1.4 miIRIndian River Village Merritt IslandMerritt Island, FL · 1.6 miKTKenzel Terrace Subd Merritt IslandMerritt Island, FL · 1.9 mi

Browse all Florida neighborhood guides →

Data sources & freshness

Live listingsSpace Coast MLS, refreshed twice daily (last: July 14, 2026)
Community market statsSpace Coast MLS closed sales, 12-month windows ending July 15, 2026
Under-contract sharesSpace Coast MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2004 (54 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.

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.

By submitting, you agree that EAB RE INVESTMENTS LLC (Momentum Realty) and its agents may call, email, and text you about your inquiry, which may involve automated means and prerecorded or artificial voices. You do not need to consent as a condition of buying any property, goods, or services. To opt out, reply STOP at any time or reply HELP for assistance. You can also click the unsubscribe link in emails. Message and data rates may apply. Message frequency may vary. See our Privacy Policy and SMS Terms.or call (904) 351-6461
CallFree valuation →
Talk to a Local Sunset Lakes Phase Iii Merritt Island Expert
Call Get Listings