Treasure Lagoon
Homes for Sale in Merritt Island, FL

Treasure Lagoon is a small residential enclave on Merritt Island in Brevard County, where the homes themselves — not community amenities — carry the value. Expect to evaluate each property on its own merits rather than a neighborhood package.

Space Coast MLS sales records identify 15 homes in Treasure Lagoon that have changed hands since 2007, built between 1995 and 2005 (median 2003), with a median living area of about 3,012 sq ft and a typical 4-bedroom, 3-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Treasure Lagoon is too small for its own price trend, so here is the market around it.

In ZIP 32953, 143 homes are on the market and 28% are under contract — a steady corner of Merritt Island.

Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).

In ZIP 32953 (Merritt Island), 243 homes closed in the last 12 months at a median of $435K ($251/sq ft), down 9.8% year over year, with a median 40 days on market. Right now 42 active and 11 pending listings put supply at about 4.1 months — a balanced market. See the live ZIP 32953 housing market and the Brevard County market.

ZIP and county figures describe the wider market, not Treasure Lagoon specifically. Momentum Research analysis of MLS records.

With no amenities surfacing in current listings, there is no HOA package or shared feature setting a baseline here. That puts the emphasis squarely on the house: roof, systems, updates, and layout will move price more than anything else. Two homes on the same street can land far apart depending on how they've been kept.

The Merritt Island location is the constant. You're buying into the broader Space Coast area of Brevard, with the practical access that comes with the island. Beyond that, the value story is written property by property, which is exactly why the details of any given listing deserve real scrutiny before you commit to a number.

Thin closing data and no amenity anchor mean generic pricing tools miss badly in Treasure Lagoon. We price and evaluate off the home in front of us — condition, systems, and comparable sales read in context — so buyers don't overpay on a single outlier and sellers don't leave money on the table or chase an indefensible number.

Listings in this community report association dues of about $72 per month ($864 a year) — the median AssociationFee across 28 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.