Waterway Manor
Homes for Sale in Merritt Island, FL
All 215 homes for sale in Merritt Island, FL · median $510,000 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
As of September 2026, Waterway Manor in Merritt Island, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 10 recorded sales closed at a median of $427,500, $286 per square foot, a median 8 days on market, sellers accepting 93% of original asking (-22% versus the prior year). Homes listed or recently sold were built 1967–1979; 12 of 12 report an HOA (median $8/mo); none of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,670 ($6,050 with the full homestead exemption).
| Location | Merritt Island, Brevard County, FL · ZIP 32937, 32953 |
|---|---|
| Homes in the community | 142 (FL DOR 2025 assessment roll) |
| Years built | 1967–2022 (median 1968.0) |
| Typical living area | 2,589 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Boat Dock, Jogging Path, Maintenance Grounds |
| Sale prices, last 12 months | $427,500 median across 10 closed sales · $286 per sq ft · -21.6% vs the prior 12 months |
| Days on market (closed sales) | 8 median |
| For sale right now | 2 active, 1 pending · median asking $582,500 · 2.7 months of supply |
| Owner-occupied (homestead) share | 81% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2005 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Waterway Manor key facts,” movewithmomentum.com/neighborhoods/waterway-manor, data as of September 20, 2026.
Price in Waterway Manor is being set by the homes themselves, not by shared amenities — current MLS listings identify none. At a median of $450,000 and roughly $321 per square foot, you are paying for the individual property's condition, size, and setting, which means the spread from one listing to the next can be wide. Read each home on its own merits rather than anchoring to the median.
The market posture is mixed. Homes are moving in a median of 24 days, so well-priced, well-presented listings are not sitting. But the median is down 17.4% year over year and the heat score sits at 32, which points to a market that has cooled off its recent peak. Sellers should price to today, not to last year; buyers have more room to be selective than they did a year ago.
Waterway Manor right now
🟡 Balanced market. 2.7 months of supply and 33% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 20, 2026. Confidence: Medium (3 active and pending listings, 10 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($428K) is down 21.6% from the prior 12 months ($545K) and up 85% since 2012. With about 6 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 September 20. Confidence: Medium (10 and 6 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 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
Waterway Manor market snapshot (as of September 20, 2026): the median sale price is about $428K ($286 per sq ft over the trailing 12 months of closed sales), a median 9 days on market for closed sales, and 2.7 months of supply, a balanced market. The trailing-12-month median is down 22% from the prior 12 months and up 85% since 2012, computed from record-level Space Coast MLS closed sales (10 closings in the current window).
In ZIP 32937 (Merritt Island), 520 homes closed in the last 12 months at a median of $329K ($211/sq ft), up 0.8% year over year, with a median 36 days on market. Right now 109 active and 38 pending listings put supply at about 3.4 months — a balanced market. See the live ZIP 32937 housing market and the Brevard County market.
County records show 12 qualified sales in Waterway Manor across 2024–2025 (7 in 2024, 5 in 2025), median $585,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Waterway Manor is a community of 142 homes in Merritt Island, Brevard County, built between 1967 and 2022 (median 1968.0), with a median living area of about 2,589 square feet. 81% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Waterway Manor is a small, listing-driven pocket of Merritt Island where value tracks the individual home. With no community amenities identified in the current feed, the setting and the property itself carry the price.
The setting & the homes.
Aerial and on-site photos of Waterway Manor. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Waterway ManorPhotos from Space Coast MLS listings in Waterway Manor; content deemed reliable but not guaranteed.
Who Waterway Manor is best for.
Best for
- Buyers focused on the individual property's condition and setting, comfortable without shared amenities
- Value-minded buyers looking to negotiate after a year-over-year price pullback
- Long-hold owners who want Merritt Island exposure and can ride out a low-volume market
Probably not for
- Buyers who want an amenity-rich community with shared facilities
- Sellers expecting last year's pricing after a 17.4% year-over-year decline
- Buyers who need deep comp data and predictable pricing before committing
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($428K) IS the median in the snapshot above, and the move from 2025 ($545K) IS the -21.6% one-year change.
Windows contain 3 to 10 sales each (10 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 2005 through 2026. Deemed reliable but not guaranteed.
26% of homes for sale in ZIP 32953 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-26).
Waterway Manor Market Scorecard
Waterway Manor is currently a balanced market. About 2.7 months of supply, a median asking price of $582,500.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Waterway Manor
Live MLS inventory for Waterway Manor. 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 Waterway Manor listings as of 2026-09-26, priced high to low. Based on information from the Space Coast MLS for the period 2005 through 2026. Tap any home to ask about it.
Every Home for Sale in Waterway Manor Right Now (3)
All 3 active and pending Waterway Manor listings with a detail page, newest first, refreshed twice a day from the MLS.
- 60 Florida Boulevard · $365,000 · 3 bd / 2 ba · listed Jun 27, 2026 · listed by NextHome Space Coast Experts
- 95 Florida Boulevard · $800,000 · 3 bd / 2 ba · listed Jun 27, 2026 · listed by NextHome Space Coast Experts
- 180 Florida Boulevard · $399,900 · 3 bd / 2.5 ba · pending · listed Jun 27, 2026 · listed by LKV Realty LLC
Waterway Manor on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Mila · Elementary
- Jefferson · Middle
- Merritt Island · High
Zoned schools reflect the assignments reported on recent Waterway Manor 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 Waterway Manor address.
Shop the zone: Homes zoned for Merritt Island High School
The Waterway Manor buying strategy.
If we were buying in Waterway Manor today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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 Waterway Manor.
Reading a thin, condition-driven market
This is a low-volume market — the closings window here reflects only 11 sales. That matters: a handful of transactions can swing the median, so a single large or heavily updated home closing can move the figure more than any real shift in the neighborhood. Treat the median as a rough compass, not a precise gauge, and lean on a direct comparison of the specific home in front of you.
The longer arc is worth keeping in view. Values are up 100% since 2012, even after this year's 17.4% pullback. That combination — strong long-run gains, a recent correction, and few comps — rewards patience and careful pricing over speed. Both sides benefit from underwriting each deal on its own square footage and condition rather than the headline number.
The location and the amenities are priced into every listing in Waterway Manor. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Waterway Manor buys, holds, and resells. Momentum Research; not an appraisal.
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 5 factors (5.6). Basis: Long-Term Appreciation +85% since 2012; Recent Direction -21.6% year-over-year; Liquidity & Demand 2.7 months of supply; Owner Commitment 81% owner-occupied; Pricing Power 93.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin, condition-driven market like this one, the median tells you almost nothing about your specific home. We price and negotiate off the actual property — its square footage, condition, and setting — and off the small set of comparable closings that matter, so you are not chasing a headline number that a single sale can distort.
Waterway Manor in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $8/month · median of 117 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $8 per month — the median AssociationFee across 117 MLS records, normalised to a monthly figure; most are billed annually. 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.
Tools for a Waterway Manor buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Waterway Manor sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waterway Manor, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waterway Manor home worth?
Get a no-obligation home value based on real comparable sales in Waterway Manor, 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 all homes for sale in Merritt Island →
Frequently Asked Questions
What is the median home price in Waterway Manor?
How long do homes in Waterway Manor take to sell?
Is Waterway Manor a buyer's or seller's market right now?
How many homes are in Waterway Manor?
What share of Waterway Manor is owner-occupied?
When were the homes in Waterway Manor built?
Have Waterway Manor home prices gone up?
Who is the best real estate agent for Waterway Manor?
How do I find a top Merritt Island real estate agent who knows Waterway Manor?
Can Momentum Realty connect me with an agent for Waterway Manor?
Where is Waterway Manor, and what county is it in?
Is Waterway Manor a good place to live?
Should you buy in Waterway Manor?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (5 streets, ZIP 32937/32953)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (116 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 local comps.
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See how Waterway Manor fits the bigger picture — live prices, inventory, and Momentum Scores:
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