Waterfront Homes for Sale in Merritt Island, FL
This page tracks every Merritt Island listing whose MLS record reports waterfront (ocean, bay, Intracoastal, river, canal or lake frontage), by community, with live counts and asking prices, and the costs that come with the water.
115 waterfront homes are for sale or pending in Merritt Island, FL today across 71 communities. The median asking price is $699,000, from $129,900 to $4,999,000. Listings in Merritt Island without that feature have a median of $592,000. Most listings right now: Cape Crossing (7), Sunset Bay A Condominium (5), Georgiana Settlement (3). Updated September 8, 2026 from the MLS.
Merritt Island waterfront homes by community
Click a community for its full guide: prices, HOA reality, insurance posture and the homes for sale. The 60 communities with the most waterfront homes listed are tabled; the rest follow.
| Community | Waterfront Homes | New build | Median list | From |
|---|---|---|---|---|
| Cape Crossing | 7 | 0 | $494,900 | $384,900 |
| Sunset Bay A Condominium | 5 | 0 | $140,000 | $135,000 |
| Georgiana Settlement | 3 | 1 | $1,899,000 | $1,890,000 |
| River Fly-In | 3 | 0 | $895,000 | $559,900 |
| Surfside Estates Unit 3 | 3 | 0 | $645,000 | $545,000 |
| Honeymoon Hill | 2 | 0 | $2,999,000 | $1,999,000 |
| Sanders Subd | 2 | 0 | $2,420,000 | $1,890,000 |
| Milford Point Beach Subd | 2 | 0 | $1,819,000 | $1,399,000 |
| Villa De Palmas Sykes Cove Sec 02 | 2 | 0 | $1,759,450 | $1,749,900 |
| Riviera Isles Sec 4 | 2 | 0 | $1,405,000 | $715,000 |
| Chase Hammock Lakes | 2 | 0 | $1,132,000 | $839,000 |
| Banana River Drive Subd | 2 | 0 | $1,024,991 | $850,000 |
| Diana Shores Unit No 3 | 2 | 0 | $848,500 | $799,000 |
| Hampton Homes Unit 8 | 2 | 0 | $762,450 | $674,900 |
| Diana Shores Unit No 1 | 2 | 0 | $659,500 | $589,000 |
| Savannah Landings | 2 | 0 | $633,950 | $598,900 |
| Diana Shores Unit No 6 | 2 | 0 | $629,500 | $560,000 |
| Diana Shores Unit No 2 | 2 | 0 | $622,000 | $550,000 |
| Raintree-By-The-Lake | 2 | 0 | $482,000 | $439,000 |
| Merritt Towers Condo Ph II | 2 | 0 | $322,500 | $315,000 |
| Harbor Point Phase 1 | 1 | 0 | $3,495,000 | $3,495,000 |
| Stewarts Homestead | 1 | 1 | $2,965,000 | $2,965,000 |
| Agnes M. Kraker | 1 | 0 | $2,695,000 | $2,695,000 |
| River Cliff | 1 | 0 | $2,500,000 | $2,500,000 |
| Georgiana Settlement | 1 | 0 | $1,899,000 | $1,899,000 |
| Egrets Cove | 1 | 0 | $1,400,000 | $1,400,000 |
| Paradise Point No 4 | 1 | 0 | $1,400,000 | $1,400,000 |
| Horti | 1 | 0 | $1,250,000 | $1,250,000 |
| Two Rivers Replat of | 1 | 0 | $1,250,000 | $1,250,000 |
| Villa De Palmas Sykes Cove | 1 | 0 | $1,100,000 | $1,100,000 |
| Riverside Replat of | 1 | 0 | $1,100,000 | $1,100,000 |
| Pelican Creek Estates Addn No 2 | 1 | 0 | $1,049,000 | $1,049,000 |
| Gateway Unit No 1 | 1 | 0 | $999,000 | $999,000 |
| Horti | 1 | 0 | $975,000 | $975,000 |
| Sherwood Forest Second Div | 1 | 0 | $922,500 | $922,500 |
| Heron Creek | 1 | 0 | $919,900 | $919,900 |
| Glen Isles Sec 3 | 1 | 0 | $919,000 | $919,000 |
| Waterway Manor Unit 1 | 1 | 0 | $800,000 | $800,000 |
| Diana Shores Unit No 9 | 1 | 0 | $799,000 | $799,000 |
| Island Forest Preserve | 1 | 0 | $760,000 | $760,000 |
| Glen Isles Sec 1 | 1 | 0 | $750,000 | $750,000 |
| Catalina Isle Estates Unit 6 | 1 | 0 | $690,000 | $690,000 |
| Villa De Palmas Unit 1 | 1 | 0 | $689,000 | $689,000 |
| Surfside Estates Unit 5 | 1 | 0 | $675,000 | $675,000 |
| Sunset Lakes PUD Phase 2 | 1 | 0 | $660,000 | $660,000 |
| Surfside Estates Unit 6 | 1 | 0 | $660,000 | $660,000 |
| Sunset Lakes Pud Ph 02 | 1 | 0 | $660,000 | $660,000 |
| Egrets Landing | 1 | 0 | $649,900 | $649,900 |
| Vetter Isles Ests Sec 3 | 1 | 0 | $599,900 | $599,900 |
| Indian Bay Estates Phase 1 | 1 | 0 | $599,900 | $599,900 |
| Canaveral Sub | 1 | 0 | $599,900 | $599,900 |
| Savannahs PUD The | 1 | 0 | $578,900 | $578,900 |
| Sunset Lakes PUD Phase X | 1 | 0 | $575,000 | $575,000 |
| Sunset Lakes P.U.D Phase X | 1 | 0 | $575,000 | $575,000 |
| Riviera Isles Unit 1 | 1 | 0 | $550,000 | $550,000 |
| Floral Park Sec 1 | 1 | 0 | $534,900 | $534,900 |
| Riviera Isles Unit 1 Replat | 1 | 0 | $530,000 | $530,000 |
| Palmetto | 1 | 0 | $529,900 | $529,900 |
| Catalina Isle Estates Unit 2A | 1 | 0 | $500,000 | $500,000 |
| Marina Village Condo Ph I | 1 | 0 | $490,000 | $490,000 |
Also with waterfront homes for sale: Island Crossings (1), Glen Haven Subd Sec 2B (1), Catalina Isle Estates (1), Catalina Isle Estates Unit 2 (1), Island Pointe Condo Ph 2 (1), Gateway Unit 2 Revised (1), Merritt Towers Condo Ph III (1), Merritt Towers (1), Osprey Village at Cedar Creek Ph II (1), Island Village Condo No B (1), Island Village Condo No C (1).
What waterfront ownership really costs
Waterfront homes carry costs inland homes do not: flood insurance where the parcel sits in a FEMA special flood hazard area, higher windstorm premiums closer to open water, and upkeep for seawalls, docks and lifts. Before you offer, pull the FEMA flood zone for the specific parcel, ask for the seawall’s age and any inspection reports, and get an insurance quote in hand, not an estimate. Our flood insurance calculator and wind mitigation savings calculator show what the parcel will actually cost to insure.
Questions to ask about any waterfront listing
Is the water frontage deeded or association-owned? Is there a fixed bridge between the dock and open water, and what is the clearance? What did the seller pay for flood and wind coverage last year, and with which carriers? Has the seawall or dock been permitted and inspected? What is the finished-floor elevation? A local agent who works waterfront deals will know which canals hold depth at low tide and which carriers are writing in the area.
Common questions
How many waterfront homes are for sale in Merritt Island?
What do waterfront homes cost in Merritt Island?
Which Merritt Island community has the most waterfront homes for sale?
Is a waterfront home always in a flood zone?
Keep exploring Merritt Island
Live data: Space Coast MLS, Stellar MLS, refreshed with every MLS pull; this page rebuilds on every ship. Community-level aggregates only: active and pending residential listings in Merritt Island, FL whose MLS record reports waterfront. Prices are asking prices, not values. Property features and prices only; nothing on this page describes residents. Equal Housing Opportunity.