Townhomes and Villas of Diana in Merritt Island

Townhomes and
Villas of Diana

Merritt Island · Brevard County

A small waterfront townhome and villa community on Merritt Island, with canal access and a low reported HOA.

Small waterfront communityTownhomes and villasLow reported HOA
Live Market Pulse
52/100
Momentum
Buyer-Leaning 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 Townhomes and Villas of Diana

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
$252K
Median Price
2.4mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
$234/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Townhomes and Villas of Diana is a small attached-home community on Merritt Island (ZIP 32952), Brevard County, tied to the Diana Shores waterfront area between the Banana and Indian Rivers. The community is reported to be modest in size, with townhomes generally two to three bedrooms, and the wider Diana Shores area carries canal-front homes where dolphins and manatees are frequent visitors. The read is location and a low carry: HOA dues are reported to be low, with one source citing roughly 97 dollars a month for the townhomes and a separate voluntary Diana Shores association, but the picture is small-sample and must be confirmed per unit. The buy turns on the building and unit condition, exactly what the HOA covers, any waterfront or canal access, and comping carefully in a thin market."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Townhomes and Villas of Diana market snapshot (as of June 17, 2026): the median sale price is about $252K ($234 per sq ft), a buyer-leaning market (limited data). Based on 5 recent closings in live Space Coast MLS data.

Townhomes and Villas of Diana is a small attached-home community on Merritt Island (ZIP 32952), Brevard County, tied to the Diana Shores waterfront area between the Banana and Indian Rivers (neighborhood and community profiles).

The community is reported to be modest in size, with townhomes generally two to three bedrooms, and the wider Diana Shores area is a canal-front setting where dolphins and manatees are frequent visitors, close to SR-528 (the Beachline), shopping, and the beaches.

HOA dues are reported to be low, with one source citing roughly 97 dollars a month for the townhomes and a separate, voluntary Diana Shores neighborhood association reported around 30 dollars a year. Because the sample is small and figures vary by source, confirm the current HOA, what it covers, and any reserves with the listing.

Because this is a small attached-home community, the decision is unit-and-building specific. Read the unit and building condition, the roof and shared structures, confirm exactly what the HOA covers and the reserves, read any waterfront or canal access, then comp carefully in a thin market.

Best for

  • Buyers who want an attainable attached home near the Merritt Island waterfront
  • Buyers who value a low reported HOA and a modest monthly carry
  • Buyers who want quick access to SR-528, the beaches, and Orlando
  • Buyers who will read the building, reserves, and exactly what the HOA covers

Probably not for

  • Buyers who want a large single-family home or acreage
  • Buyers who want a gated, amenity-rich resort community
  • Buyers who want a deep, liquid resale market with many comps
  • Buyers unwilling to inspect shared structures on an attached home

How Townhomes and Villas of Diana is performing right now

52/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
2.4Months of supplytight
72Median days on marketdays
0 : 1Under contract vs for salestrong demand
5Sold in last 12 monthsliquidity
+11%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 Townhomes and Villas of Diana listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Townhomes and Villas of Diana buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Townhomes and Villas of Diana

Live MLS inventory for Townhomes and Villas of Diana. 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 Townhomes and Villas of Diana 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.

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.

The takeaway

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

SR-528 (Beachline)~5 to 10 min · regional corridor, approximate
Cocoa Beach and the barrier island~15 to 20 min · east to the coast
Merritt Square Mall area~5 to 10 min · shopping and dining
Kennedy Space Center area~20 to 30 min · north, approximate
Orlando via SR-528~45 to 55 min · west, approximate
Cocoa mainland via SR-520~10 to 15 min · west, approximate

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 Townhomes andVillas of Diana with Momentum Realty’s local guides.

BelaireBelaireMerritt Island, FL · adjacentMitchellManorMitchellManorMerritt Island, FL · adjacentIndian RiverVillageIndian RiverVillageMerritt Island, FL · 0.2 miSunny AcresSunny AcresMerritt Island, FL · 0.2 miHiddenHollowHiddenHollowMerritt Island, FL · 0.3 miOrangeGrove ManorOrangeGrove ManorMerritt Island, FL · 0.4 miRidge Manor EstatesMerritt IslandRidge Manor EstatesMerritt IslandMerritt Island, FL · 0.4 miThe Villas atIndian RiverThe Villas atIndian RiverMerritt Island, FL · 0.4 miCarltonGrovesCarltonGrovesMerritt Island, FL · 0.5 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
Townhomes and Villas of Diana (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

Townhomes and Villas of Diana 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 Townhomes and Villas of Diana address.

The takeaway

What actually shapes value at Townhomes and Villas of Diana, sourced and dated. We do not publish rumor.

Recent Developments in Townhomes and Villas of Diana

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

Net OutlookBullishThe structural story is a small, attainable attached-home community in a Merritt Island waterfront setting with a low reported HOA. The watch items are the building and unit condition, the reserves, exactly what the HOA covers, and a thin resale market, so comp carefully per unit.

Small attached-home community with a low reported HOA

NeutralA low reported HOA keeps the monthly carry attainable, but a small community means a thin comp set and shared-structure responsibilities, so reserves and exactly what the HOA covers matter more than usual; confirm per unit. impact
SignificanceRadius: Community

Small attached-home community with a low reported HOA

Merritt Island waterfront location near the Beachline

BullishA canal-front Diana Shores setting with quick SR-528 access to the beaches and Orlando supports steady demand at an attainable price point; confirm any waterfront or canal access for the specific unit. impact
SignificanceRadius: Area

Merritt Island waterfront location near the Beachline

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 Townhomes and Villas of Diana, 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 ↓

  1. 2025
    Community

    Small waterfront townhome and villa community on Merritt Island

    Community and neighborhood profiles describe Townhomes and Villas of Diana as a small attached-home community tied to the Diana Shores waterfront area of Merritt Island (32952), with townhomes generally two to three bedrooms, a low reported HOA, and a community pool, near SR-528 and the beaches. Treat figures as reported and confirm. Why it matters: The waterfront location and low carry are the story; value turns on the building, the reserves, and what the HOA covers. Source

Development alerts for Townhomes and Villas of DianaGet a short monthly email when something new is approved, funded, or opens near Townhomes and Villas of Diana.

A monthly email from Momentum Realty. Unsubscribe anytime. See our privacy and disclosures.

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.

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

1

Read the building and unit condition, the roof and shared structures, since attached homes share walls and systems.

2

Confirm exactly what the HOA covers and the reserves in writing, since figures are reported small-sample and vary by source.

3

Confirm any waterfront or canal access for the specific unit and any related fees or rights.

4

Confirm the zoned schools by address with Brevard Public Schools, since assignments change.

5

Comp carefully in a thin market, using the closest attached-home sales on Merritt Island.

Best Buy
A well-kept unit in a building with healthy reserves, with the HOA scope confirmed and any waterfront access verified.
Biggest Risk
Underfunded reserves on an older attached community, or pricing off too few comps in a thin market.
Best Lot
Waterfront, canal-access, and end units carry a premium over interior units within the community.
Smart Timing
Confirm the HOA scope, the reserves, and any waterfront access before you write.
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

Townhomes and Villas of Diana is a small attached-home community on Merritt Island (32952), Brevard County, tied to the Diana Shores waterfront area between the Banana and Indian Rivers. Townhomes are generally two to three bedrooms, and the wider Diana Shores area is a canal-front setting near SR-528, shopping, and the beaches. HOA dues are reported to be low, with one source citing roughly 97 dollars a month for the townhomes and a separate, voluntary Diana Shores association reported around 30 dollars a year; figures are small-sample, so confirm the current HOA, what it covers, and the reserves with the listing. It is zoned to Brevard Public Schools by address; verify with the district.

The takeaway

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

Entry: interior units, as-is
$235K to $252K

The most attainable units are interior or dated. Confirm the HOA scope and reserves before assuming a value, and budget for any updates.

Lowest entry
Mid: updated interior or end units
$252K to $255K

The middle is updated interior or end units. Verified updates and a healthy reserve picture separate these from as-is stock.

Most inventory
High: waterfront or canal-access units
$255K to $262K

The top end is units with waterfront or canal access. These trade on the water, the view, and condition.

Strongest resale

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

$235K to $252K
Entry: interior units, as-is
The most attainable units are interior or dated. Confirm the HOA scope and reserves before assuming a value, and budget for any updates.
$252K to $255K
Mid: updated interior or end units
The middle is updated interior or end units. Verified updates and a healthy reserve picture separate these from as-is stock.
$255K to $262K
High: waterfront or canal-access units
The top end is units with waterfront or canal access. These trade on the water, the view, and condition.

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

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
Jon Brooks, Momentum Realty
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.

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.

Jon Brooks, Momentum Realty
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 Townhomes and Villas of Diana

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.

The Merritt Island waterfront and the low reported HOA are easy to like. The deal is won on the building, the reserves, what the HOA actually covers, and a careful comp in a thin market, not the sticker.

Jon Brooks · Founder, Momentum Realty
7.0B · Buy Score
Resale Strength6.6/10
Renovation Risk5.4/10
Location Efficiency8.0/10
Long-Term Defensibility6.6/10
Carrying Cost Advantage7.6/10

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.

Why our read on Townhomes and Villas of Diana 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.

Which Lots & Views Hold Value Best

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
  • Waterfront, canal-access, and end units carry a premium.
  • Reserves and the HOA scope matter as much as the unit here.
  • Confirm any waterfront or canal access for the specific unit.

In a small attached community like Townhomes and Villas of Diana, the unit, the building, and any waterfront access together set value. Waterfront, canal-access, and end units hold value better than interior units, and the building's reserves and what the HOA covers matter just as much. Compare a unit against the closest attached-home sales on Merritt Island, and confirm the HOA scope, the reserves, and any waterfront access before the finishes.

Townhomes and Villas of Diana in 15 seconds.

Best forBuyers who want an attainable attached home near the Merritt Island waterfront with a low reported HOA.
Strong onA canal-front Diana Shores setting, a community pool, a modest carry, and quick access to SR-528, the beaches, and Orlando.
WatchBuilding and unit condition, the reserves, exactly what the HOA covers, and a thin resale market.
Not forBuyers who want a large single-family home, a gated resort community, or a deep, liquid resale market.
The edgeIn a small attached community, a well-kept unit in a building with healthy reserves on the water is the find.

HOA, CDD & Fees

15-Second Take
  • HOA reported low; confirm scope and reserves per unit.
  • Attached homes share walls and structures; read reserves.
  • Community pool reported; confirm amenity access.
  • Waterfront and end units carry a premium.
  • Comp carefully in a thin Merritt Island market.

HOA dues for Townhomes and Villas of Diana are reported to be low, with one source citing roughly 97 dollars a month for the townhomes and a separate, voluntary Diana Shores neighborhood association reported around 30 dollars a year. Figures are small-sample and vary by source; treat them as reported and confirm the current HOA, what it covers, and the reserves with the listing before you offer.

The HOA is reported to cover a community pool, pool maintenance, and lawn care for the townhomes; confirm exactly what the dues cover, including any exterior, roof, or insurance responsibility, and the reserve picture for the specific unit.

No golf club; confirm amenities. The community is reported to have a community pool, and the wider Diana Shores area is a canal-front waterfront setting near the Beachline and the beaches. Confirm amenity access and any waterfront or canal rights.

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.

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 Townhomes and Villas of Diana, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Oleander Pointe, 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 Townhomes and Villas of Diana home worth?

Get a no-obligation home value based on real comparable sales in Townhomes and Villas of Diana 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 Townhomes and Villas of Diana on the map →
Or get your Townhomes and Villas of Diana home value & selling guide →

Real comps, not a Zestimate.

Townhomes and Villas of Diana Market Scorecard

Buyer-Leaning Market (limited data)

Townhomes and Villas of Diana is currently a buyer-leaning market (limited data). About 2.4 months of supply, a median asking price of $260,000.

2.4
Months supply
$260,000
Median list
$252,500
Median sold
$234
Per sqft
n/a
Days on mkt
1/0/5
Active/Pend/Sold

Typical home value in the 32952 ZIP is $435,893, about 11.0% 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 2026-06-18. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Townhomes and Villas of Diana located?
On Merritt Island (32952), Brevard County, tied to the Diana Shores waterfront area between the Banana and Indian Rivers, near SR-528 and the beaches.
What kinds of homes are in Townhomes and Villas of Diana?
Attached townhomes and villas, generally two to three bedrooms. Confirm the exact size, layout, and any waterfront access for the specific unit.
Does Townhomes and Villas of Diana have an HOA?
Yes, it is reported to have a homeowners association with a low monthly dues figure, plus a separate voluntary Diana Shores neighborhood association. Confirm the current HOA, what it covers, and the reserves with the listing.
What are the HOA fees here?
Reported figures are low and small-sample, with one source citing roughly 97 dollars a month for the townhomes. Treat any figure as reported and confirm the current HOA and reserves for the exact unit.
Is Townhomes and Villas of Diana on the water?
The wider Diana Shores area is a canal-front waterfront setting. Confirm any waterfront, canal, or dock access and related rights for the specific unit with the listing.
What amenities does the community have?
It is reported to have a community pool with pool maintenance and lawn care covered by the HOA. Confirm amenity access and exactly what the dues cover.
How far is it from the beach?
Cocoa Beach and the barrier island are roughly 15 to 20 minutes east. Drive times are approximate and vary with traffic.
How far is it from Orlando?
Roughly 45 to 55 minutes west via SR-528 (the Beachline), depending on traffic and your exact destination.
What schools serve Townhomes and Villas of Diana?
It is zoned to Brevard Public Schools by home address; assignments change, so verify the exact zoned schools with the district.
Is it a good investment?
An attainable attached home in a Merritt Island waterfront setting supports steady demand, but the market is thin and value is unit-specific. Confirm the building, reserves, the HOA scope, and any waterfront access before deciding.
What should I check before buying here?
The building and unit condition, the roof and shared structures, the HOA scope and reserves, any waterfront access, and how it comps against the closest attached-home sales on Merritt Island.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. In a small attached community where reserves and the HOA scope drive value, having your own representation to read the HOA budget and the comps is the highest-leverage decision you make.
You want an attainable attached home near the Merritt Island waterfrontExcellent fit
You value a low reported HOA and a modest monthly carryExcellent fit
You will read the building, reserves, and exactly what the HOA coversExcellent fit
You want a large single-family home or acreageProbably not
You want a gated, amenity-rich resort communityProbably not
You want a deep, liquid resale market with many compsProbably not

Get the inside read on Townhomes and Villas of Diana

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Townhomes and Villas of Diana 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.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Townhomes and Villas of Diana specialist will reach out personally, usually the same day.

Space Coast MLS logo
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.

Zoom out before you decide: see the Brevard County market guide or every community in the Neighborhood Finder.

Get my Brevard County cash offer →

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 local market 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.

or call (904) 351-6461
CallFree valuation →
Talk to a Local Townhomes and Villas of Diana Expert
Call Get Listings