Merritt Island Homes under $500,000

Merritt Island Homes under $500,000

Welcome to Merritt Island, Florida, a hidden gem nestled in the heart of Brevard County! This vibrant community is perfectly positioned between the sparkling waters of the Atlantic Ocean and the stunning landscapes of the Merritt Island National Wildlife Refuge. With its unique blend of natural beauty, recreational opportunities, and a welcoming atmosphere, Merritt Island offers an exceptional quality of life for families, retirees, and everyone in between.

Merritt Island boasts a rich history and a thriving local culture, making it an ideal place to call home. Residents enjoy access to beautiful parks, scenic trails, and a variety of outdoor activities, from boating and fishing to birdwatching and hiking. The area is also known for its excellent schools, shopping centers, and dining options, ensuring that you have everything you need right at your fingertips.

For those looking to invest in their dream home, Merritt Island offers a fantastic selection of properties under $500,000. Whether you’re seeking a charming single-family home, a modern townhouse, or a cozy waterfront retreat, you’ll find a diverse array of options that cater to various lifestyles and preferences. Many of these homes feature spacious layouts, beautiful yards, and proximity to local amenities, making them perfect for families or those seeking a peaceful escape.

With its idyllic setting, friendly community, and affordable housing options, Merritt Island is not just a place to live; it’s a place to thrive. Discover the magic of Merritt Island today and start your journey toward finding the perfect home in this enchanting Florida paradise!

Newest Merritt Island Homes under $500,000

2097 Hidden Grove Lane Unit 209, Merritt Island
$185,000
3 Beds ⋅ 2 Baths ⋅ 1089238 MLS
Looking for a little more room in Merritt Island? This fantastic condo offers just over 1,500 sq ft, 3 large bedrooms, 2 full baths, and a detached garage! Located in a small community on a quiet dead-end street, this second-floor home features high ceilings and architectural details that give the space plenty of character. There's lots of room to spread out in the open living layout. Spend the evening on the covered patio or enjoy the community pool. The Hidden Glenn community is close to Courtenay Parkway and SR 528, with easy access to the beaches, Kennedy Space Center, and I-95. A great combination of space, convenience, and value in this Merritt Island condo!

2097 Hidden Grove Lane Unit 209, Merritt Island
1485 Holly Avenue, Merritt Island
$465,000
4 Beds ⋅ 3 Baths ⋅ 1089216 MLS
Welcome to this exceptional Merritt Island home featuring a private in-law suite, ideally located just minutes from Cocoa Beach, Port Canaveral, and Kennedy Space Center. This 4-bedroom, 3-bath concrete block home blends modern style with warmth and character, featuring thoughtful lighting, distinctive accent details, and a stunning kitchen that truly takes center stage. The separate guest suite offers its own kitchenette, bathroom, living area, and private outdoor space perfect for multigenerational living, extended-stay guests or potential rental income. Step outside and discover a backyard designed for enjoying the best of Florida living. Lush landscaping creates a private oasis complete with a fire pit, hammocks, and a charming gazebo made for entertaining, relaxing, and gathering with family and friends, while still providing plenty of space and privacy for everyone. Furniture is negotiable

1485 Holly Avenue, Merritt Island
120 Mutiny Lane, Merritt Island
$74,500
1 Beds ⋅ 1 Baths ⋅ 1089200 MLS
Hidden Gem Nestled Perfectly In The Heart Of The Banana River, Cocoa Beach and Port Canaveral. Tucked away nicely in a peaceful, serene living with the amenities of the city and beaches at your doorstep. Coveted first floor unit. A Truly Maintenance Free Living with several full time maintenance men on staff daily in a beautifully cared for community. Resort style pool is heated year round and serviced daily. Matching tile throughout main living areas, super spacious walk in closet, windows galore with beautiful green space and mature tree views, deeded carport. Community gazebo for gatherings, covered playground, barbecue, pickle and basketball court. 5 convenient laundries are secured and equipped with smart washer/ dryers. Boat parking available first come for a low fee. Easy access to Orlando via 528 Beachline. Fishing, dining, shopping, golf, music, bus line. No Rental or AirBnB. Cash Only. Buyer must submit Co-op application, credit check & board approval. Hallways are being remodeled.

120 Mutiny Lane, Merritt Island
440 Pine Boulevard, Merritt Island
$325,000
4 Beds ⋅ 2 Baths ⋅ 1089181 MLS
South Merritt Island four bedroom pool home on a oversized .35 acre lot with tons of potential. Newer roof and air conditioner with an oversized two car garage. Spanish tile and wood flooring throughout. Eat in kitchen with gas range for the chef and spacious family room with fireplace. Layout has two bedrooms on first floor, primary and addiitional bedroom with loft on the send floor. Enclosed patio that leads to the private fenced in backyard with pool that needs some TLC. Close to schools, shopping, dining and beaches.

440 Pine Boulevard, Merritt Island
4381 Timothy Drive, Merritt Island
$298,000
3 Beds ⋅ 2 Baths ⋅ 1089116 MLS
Located in Osprey Village, a gated 55+ community in North Merritt Island, this 3-bed, 2-bath home offers serene wetland and Sykes Creek views from its private screened lanai. The lanai is the centerpiece of the outdoor space, featuring stone flooring and a full outdoor kitchen. Inside, tall ceilings and wide sliding doors provide abundant natural light, with tile flooring flowing through the main living areas. The kitchen has solid wood cabinets, a breakfast bar, and a spacious pantry. The primary has sliders to the lanai, two walk-in closets, and an en suite with a double vanity, walk-in shower, and a soaking tub. All bedrooms are carpeted for comfort. The attached 2-car garage and laundry with included washer/dryer add convenience. Residents enjoy a pool, bocce ball court, and being minutes to the beaches with a great view of rocket launches. The HOA covers cable, internet, lawn care, exterior maintenance and roof replacement -- completed in 2020. Low-maintenance living awaits!

4381 Timothy Drive, Merritt Island
380 Hunt Drive, Merritt Island
$299,000
3 Beds ⋅ 2 Baths ⋅ 1089012 MLS
Welcome home to this beautifully remodeled 3-bedroom, 2-bath concrete block home in the heart of Merritt Island with NO HOA! Featuring a 2022 roof, original terrazzo floors throughout, an updated kitchen with newer appliances and cabinetry, and a screened patio perfect for enjoying Florida living. The front yard even features a fruit-bearing starfruit tree! Conveniently located less than 10 minutes from Cocoa Beach and the Pier, with easy access to Kennedy Space Center, Merritt Island National Wildlife Refuge, shopping, dining, and more. Approximately 45 minutes to Orlando's world-famous attractions. Whether you're looking for a primary residence, downsizing, a first home, or an investment opportunity, this stylish and inviting home offers comfort, location, and versatility.

380 Hunt Drive, Merritt Island
240 Spring Drive Unit 2, Merritt Island
$168,900
2 Beds ⋅ 2 Baths ⋅ 1088933 MLS
Welcome to this newly updated 2-bedroom, 2-bath first-floor condo offering comfort, style, and a peaceful pond view right outside your back door. Step inside to find luxury vinyl plank (LVP) flooring throughout, fresh interior paint, newly updated ceilings with the popcorn texture removed, and a brand-new HVAC system. The fully remodeled kitchen features brand-new cabinetry, sleek countertops, all new stainless-steel appliances, and convenient in-kitchen laundry, perfect for both everyday living and entertaining. Both bathrooms have also been refreshed with updated vanities, adding to the home's clean, modern feel. Enjoy the convenience of 1st floor living with no stairs and a layout that flows effortlessly from the kitchen into the living space. Relax with your morning coffee or unwind in the evening while taking in the tranquil pond views. Ideally located on Florida's Space Coast, you're just minutes from Kennedy Space Center, Blue Origin, SpaceX, Port Canaveral, & the beaches

240 Spring Drive Unit 2, Merritt Island
820 Del Rio Way Unit 301, Merritt Island
$339,000
3 Beds ⋅ 2 Baths ⋅ 1088670 MLS
Welcome to effortless Florida living in the heart of Merritt Island! This spacious 3-bedroom, 2-bathroom condo features an open floor plan and impressive wraparound balcony with beautiful views!! The perfect place to relax and enjoy spectacular Space Coast rocket launches right from your home. Built-in storm shutters on all sliding doors provide added protection. The primary suite offers balcony access, his and her closets, a relaxing soaking tub and separate walk-in shower. Enjoy the true maintenance free living with a one car garage space, heated pool and hot tub, fitness center, club house and gazebo to relax by the water. Centrally located near shopping, dining, the future hospital, with the Orlando International Airport only 45 minutes away and Central Florida's world-famous theme parks about an hour away. Experience the best of the Space Coast-comfortable condo living, resort style amenities, and a front row view of the Rocket Launches from your own balcony

820 Del Rio Way Unit 301, Merritt Island
285 Hickory Avenue, Merritt Island
$334,000
3 Beds ⋅ 2 Baths ⋅ 1088805 MLS
Discover the charm of this inviting house located at 285 Hickory Ave, Merritt Island, FL. This spacious home accords 1730 square feet of living space, providing ample room for comfortable living. With three well-proportioned bedrooms, the property ensures privacy and relaxation for all residents. This house has a new Kitchen an impact windows an new hot water tank an 5 camera security on a DVR. The home's layout promotes a seamless flow between rooms, enhancing both functionality and style. The property's prime location in Merritt Island accords the convenience of nearby amenities and attractions while providing a peaceful setting.

285 Hickory Avenue, Merritt Island
1320 Johns Circle, Merritt Island
$468,700
3 Beds ⋅ 2 Baths ⋅ 1088613 MLS
Welcome to your fully renovated paradise! This gorgeous 3/2 pool home is the epitome of Florida living! Relax and entertain in the large breezy outdoor living area that includes an outdoor kitchen with stainless countertops with hot and cold water, and a refrigerator. Take a dip in the heated pool. Enjoy watching rocket launches and the outdoor TV directly from your hot tub! Recent updates include a METAL ROOF, updated HVAC, ducts & insulation, ALL IMPACT RATED WINDOWS AND DOORS, stainless appliances, and a whole-house water filtration system. COMPLETE RE-PIPE, NO CAST IRON! The fully fenced yard offers total vinyl privacy. No HOA means plenty of room for your boat or RV. Just minutes to Kelly Park boat launch, pristine beaches, NASA, SpaceX, dining, cruise terminals, and an easy commute to Orlando Airport. Move right in and start living the Florida dream!

1320 Johns Circle, Merritt Island
200 Bounty Street, Merritt Island
$175,000
3 Beds ⋅ 2 Baths ⋅ 1088509 MLS
TURNKEY LUXURY...Fully Furnished To A High Standard. A much coveted 3 Bed, 2 Bath First Floor End Unit. Bring Your Boat...ONLY 4 MILES TO THE BEACH SURROUNDED BY RIVERS! Near SpaceX, the Port, Beaches, Dining with easy access to Orlando. Primary with walk in closet and private bathroom remodeled with designer quartz tops. The immaculately kept terrazzo is a beautiful light color, runs throughout and is in pristine condition=No Grout Joints To Scrub! Upgraded 6 panel doors and baseboards. Endless windows for natural lighting galore. Deeded carport close to entrance with room for a shed. A Truly Maintenance Free Living in a beautifully kept community with full time maintenance. Monthly fee covers maintaining/replacing co-op issued A/C unit & water heater, water/sewer, trash and property taxes. Cash only, Owner Occupants Only. No Rentals, No Air BnB. Buyer must submit Co-op application, credit check & board approval.

200 Bounty Street, Merritt Island
360 Fisher Lane, Merritt Island
$245,000
3 Beds ⋅ 2 Baths ⋅ 1088504 MLS
This completely remodeled 3-bedroom, 1.5-bathroom home offers a fresh, move-in-ready interior with thoughtful updates throughout. Major improvements include a new roof in 2026, HVAC system installed in 2022, and water heater replaced in 2023. Step inside to a bright and inviting floor plan featuring updated flooring, fresh finishes, modern fixtures, and a clean, contemporary design. The beautifully renovated kitchen features updated cabinetry, countertops, appliances, and plenty of space for everyday living and entertaining. Both bathrooms have been refreshed with modern finishes and fixtures, while all three bedrooms provide comfortable and flexible living space. With the remodeling already completed and major systems recently updated, this home is ready for its next owner to move in and enjoy. Outside, the property offers additional space for relaxing, entertaining, gardening, or creating your own backyard retreat.

360 Fisher Lane, Merritt Island
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