Villa De Palmas Sykes Cove Sec 02
Homes for Sale in Merritt Island, FL

Community in Merritt Island · Brevard County
Median sale $1.03M
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Built fromLive Space Coast MLS data8 years of closingsUpdated twice daily
Live · Villa De Palmas Sykes Cove Sec 02 Housing Pulse Space Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$1.03M
Median sold · 12 mo
up 9.6% vs the prior 12 months
+9.6%
1-yr price change
n = 5 and 4 sales in the two windows
$306/sf
Sold $/sqft · 12 mo
peak $349 in 2025
93.2%
Sale vs ask
Brevard median: 96.2%
Tempo
33days
Median DOM · closed
7 days at the 2018 low
5
Sold · last 12 mo
10-yr average: about 5 a year
Track record · 8 years of records
2,388sqft
Median sold home size
12-mo windows, closed sales
Jon Brooks, founder of Momentum Realty
Jon's Current Read

At a median of $1,025,000 and roughly $306 per square foot, this is a high-end pocket of Merritt Island where price is driven by the home itself — lot, condition, and finish — rather than any shared amenity package, since none turns up in current MLS listings. Expect a wide spread around that median: a renovated or waterfront-oriented property and a dated one can sit far apart even inside the same section.

The market posture is firm but not frantic. A median of 33 days means well-priced homes move in about a month, and the 9.6% year-over-year gain shows real upward pressure. With only five closings in the window, though, the data is thin — one unusual sale swings the numbers — so both buyers and sellers should price to the specific house, not the headline.

Villa De Palmas Sykes Cove Sec 02 Housing Pulse · Momentum Research · as of July 15, 2026

Villa De Palmas Sykes Cove Sec 02 right now

🟢 Still climbing. The trailing-12-month median ($1.03M) is up 9.6% from the prior 12 months ($935K). With about 5 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 (5 and 4 sales in the two windows).

What's unique here: the median sale price is about 3x the typical Brevard County sale ($1.03M vs $336K, trailing 12 months, Space Coast MLS records).

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

Villa De Palmas Sykes Cove Sec 02 market snapshot (as of July 15, 2026): the median sale price is about $1.03M ($306 per sq ft over the trailing 12 months of closed sales), and a median 33 days on market for closed sales. The trailing-12-month median is up 10% from the prior 12 months, computed from record-level Space Coast MLS closed sales (5 closings in the current window).

This is a small, higher-priced Merritt Island section where value lives in the individual property rather than community features. The sample size is small enough that each recent sale carries real weight.

Best for

  • Buyers comfortable in the seven-figure range who want a specific Merritt Island home rather than a subdivision package
  • Move-in-focused buyers willing to pay for condition and finish
  • Sellers with an updated property ready to be priced against recent comps

Probably not for

  • Buyers who need a clubhouse, pool, or gated amenities to justify the price
  • Bargain-driven buyers looking for entry-level pricing
  • Buyers who want a deep menu of active listings to compare

Windows contain 1 to 10 sales each (5 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
$600K$800K$1M20182020202220242026
Up 9.6% year over year.
Every sale since 2018 · price vs size
$0$500K$1M2k3k4k
47 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$200$250$300$35020182020202220242026
Up from $213 in 2018 to a $349 peak in 2025; $306 now.
Median days on market · closed sales
05010020182020202220242026
7 days at the 2018 low; 33 now.
Sale price vs original ask · median
94%96%98%100%20182020202220242026
93.2% now vs Brevard 96.2%.
Homes sold per 12-mo window
051020182020202220242026
1 to 10 a year; 5 in the current window.

If we were buying in Villa De Palmas Sykes Cove Sec 02 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 Villa De Palmas Sykes Cove Sec 02.

Best Buy
Buyers targeting a higher-end Merritt Island home who value the property itself over shared amenities.
Biggest Risk
With just five closings, the numbers are thin and a single sale can distort the picture.
Sweet Spot
A well-maintained or updated home priced honestly against the most comparable recent sale.
Avoid If
You want community amenities or a large inventory to choose from.

A condition-driven price, not an amenity-driven one

With no community amenities identified from current listings, there is no clubhouse, pool, or gate premium propping up values here — buyers are paying for the house and its land. That makes condition and updates the decisive factors, and it explains why a single median figure can hide a broad range. Look at each listing on its own merits.

The five-closing window is the thing to respect most. A 33-day median and a 9.6% year-over-year move both point in a healthy direction, but with so few sales those figures are directional rather than precise. Treat comps carefully, weight the most recent and most comparable sales, and be prepared to justify price with the specific property in front of you.

The location and the amenities are priced into every listing in Villa De Palmas Sykes Cove Sec 02. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a thin, high-price section like this, the wrong comp can cost real money in either direction. We read each recent sale against the actual home — condition, lot, and finish — instead of leaning on a small-sample median, and we price and negotiate from that ground truth.

Villa De Palmas Sykes Cove Sec 02 in 15 seconds.

Best forBuyers targeting a higher-end Merritt Island home who value the property itself over shared amenities.
Biggest advantagePrices have shown a 9.6% gain year over year, and well-priced homes tend to sell in about a month.
Biggest riskWith just five closings, the numbers are thin and a single sale can distort the picture.
Sweet spotA well-maintained or updated home priced honestly against the most comparable recent sale.
Avoid ifYou want community amenities or a large inventory to choose from.

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 Villa De Palmas Sykes Cove Sec 02 sales matched to your home.

What is your Villa De Palmas Sykes Cove Sec 02 home worth?

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Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Villa De Palmas Sykes Cove Sec 02?
The median sale price in Villa De Palmas Sykes Cove Sec 02 was $1.03M over the 12 months ending July 15, 2026 (5 closed sales, Space Coast MLS).
How long do homes in Villa De Palmas Sykes Cove Sec 02 take to sell?
Homes that closed in the 12 months ending July 15, 2026 took a median 33 days on market (5 sales, Space Coast MLS).
Who is the best real estate agent for Villa De Palmas Sykes Cove Sec 02?
The best agent for Villa De Palmas Sykes Cove Sec 02 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 Villa De Palmas Sykes Cove Sec 02.
How do I find a top Merritt Island real estate agent who knows Villa De Palmas Sykes Cove Sec 02?
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 Villa De Palmas Sykes Cove Sec 02 and the wider Merritt Island area.
Can Momentum Realty connect me with an agent for Villa De Palmas Sykes Cove Sec 02?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Villa De Palmas Sykes Cove Sec 02 purchase or sale - no call center and no pressure.
Buyers comfortable in the seven-figure range who want a specific Merritt Island home rather than a subdivision packageExcellent fit
Move-in-focused buyers willing to pay for condition and finishExcellent fit
Sellers with an updated property ready to be priced against recent compsExcellent fit
Buyers who need a clubhouse, pool, or gated amenities to justify the priceProbably not
Bargain-driven buyers looking for entry-level pricingProbably not
Buyers who want a deep menu of active listings to compareProbably not

Data sources & freshness

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 2018 (47 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.

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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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