Properties for Sale in Merritt Island, Florida, United States

Real estate in Merritt Island

The Sunshine State of Florida is a popular destination for home buyers and investors worldwide. Merritt Island should definitely be on your radar if you're in search of your dream home or a condominium for sale in an idyllic location with serene beaches. Nestled in Brevard County, with coastal resplendence and traditional American-style homes, it embodies the essence of a "Waterfront Wonderland" due to its breathtaking views and architecture. Before you reach out to a local realtor, get a sense of the property market in Merritt Island, what sort of properties are available for sale, and the pricing landscape for a vacation home in such a distinct location. Dive into a world of real estate variety ranging from opulent waterfront properties, boasting boat docks and private beaches, to mid-century homes with charming architecture. Merritt Island offers a unique blend of suburban living and waterfront tranquility appealing to everyone, from retirees to families.

Merritt Island properties: Market trends overview

The Merritt Island, Florida real estate market has witnessed consistent augmentation in property prices, garnering interest from international investors, particularly from Canada, Europe, Latin America, and Asia. Its idyllic island location is ideally suited for a relaxed lifestyle but also offers the exciting possibilities of an active vacation given its abundant water sports activities and easy proximity to bustling Orlando. Merritt Island’s unique positioning between the Indian and Banana rivers allows for a stunning blend of lush natural beauty and modern amenities, adding immense value to the local real estate market. Merritt Island presents a dynamic blend of rich historical legacy, picturesque coastal landscapes, and excellent living standards. The local authorities have made significant investments in recent years to enhance the locale’s appeal, providing a wide variety of property options for both domestic and international home buyers. These include ultra-modern townhouses, apartments, contemporary-style villas, traditional ranch-style homes, and luxurious penthouses. Searching for properties and apartments for sale in Merritt Island, Florida, that align with any budget and lifestyle preferences is relatively simple, making this tranquil island one of the most attractive to foreign investors. Such an inclusive property market, coupled with the island’s inviting charm, does well to enhance Merritt Island’s reputation as a preferred location for real estate investment within the United States.

Average price of a property for sale in Merritt Island

What will be the expected spending for properties on Merritt Island? It's not quite straightforward due to many variables that can influence the pricing, including property style, proximity to the historic district and beaches, amenities, and personal tastes (luxury elements, size, accessibility, etc.). Current data suggests that the top asking price for property for sale on Merritt Island was $310 per square foot. The premium properties are typically found in the South Merritt Island area. The least expensive offerings, with an average price per square foot of around $242, can be found in the North Merritt Island region. At present, the average listing price for a home is around $685,000.

Types of properties can you find in Merritt Island

Merritt Island, Florida, real estate offers a wide variety of properties, including condos, luxurious waterfront homes, upscale beachfront properties, and traditional American bungalows. The most coveted properties are located in secure residential communities. It is not uncommon to find 3-4 bedroom condos featuring expansive balconies and two-story residences, each level boasting separate entrances, spacious balconies, and fully-equipped kitchens. Alternatively, you may prefer a newly-constructed home located in a prime location in Merritt Island, Florida, offering spectacular views of the ocean, convenient access to the beach, and presenting an idyllic living environment.