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, where the allure of coastal living meets the charm of suburban tranquility. Known for its lush landscapes and proximity to the breathtaking Indian River Lagoon, Merritt Island offers a unique blend of natural beauty and vibrant community life. Whether you’re an outdoor enthusiast eager to explore the nearby Merritt Island National Wildlife Refuge or a family looking for a friendly neighborhood with top-rated schools, this city has something for everyone.

One of the most appealing aspects of Merritt Island is its diverse real estate market, particularly for those seeking homes under $500,000. Here, you can find an array of properties that cater to various lifestyles and preferences—from cozy single-family homes to modern townhouses. Many of these residences boast spacious yards, perfect for family gatherings or relaxing evenings under the stars, while others offer stunning views of the lagoon or proximity to local parks.

Merritt Island is not just about beautiful homes; it’s also about a lifestyle filled with adventure and convenience. With easy access to shopping, dining, and entertainment options, residents enjoy the best of both worlds—serenity and accessibility. Plus, the nearby beaches provide endless opportunities for sun-soaked days and water activities.

If you’re looking for a place that combines affordability with quality living, Merritt Island is the perfect choice. Discover your dream home in this vibrant community, where every day feels like a vacation!

Newest Merritt Island Homes under $500,000

225 S Tropical Trail Unit 302, Merritt Island
$189,000
2 Beds ⋅ 2 Baths ⋅ 1090305 MLS
Enjoy the Florida waterfront lifestyle! Nestled in a lushly landscaped, gated Intracoastal community, this inviting 2-bedroom, 2-bath condo features wood laminate flooring throughout, a beautifully remodeled kitchen with white cabinetry and stainless steel appliances, and updated bathroom vanities and hardware. Resort-style amenities include a community pool, hot tub, fitness center, tennis courts, fishing dock, and paddlecraft launch. Boat and trailer storage available when space permits. Conveniently located near beautiful beaches, shopping, dining, and quick access to Orlando and Cape Canaveral's cruise terminals. Your Florida coastal lifestyle awaits!

225 S Tropical Trail Unit 302, Merritt Island
105 Carib Drive, Merritt Island
$335,000
3 Beds ⋅ 2 Baths ⋅ 1090296 MLS
Welcome to this inviting house located at 105 Carib Dr in Merritt Island, FL. This spacious home boasts 2,262 square feet of living area, providing ample room for comfortable living. With three bedrooms, the property accords a versatile layout to suit various needs. Situated on a 0.19-acre lot, the outdoor space presents opportunities for gardening, relaxation, and entertainment. The home's interior is designed to accommodate your lifestyle, generous space for dining and living. The property's location in Merritt Island provides easy access to local amenities and the natural beauty of the area. Whether you're relaxing indoors or enjoying the outdoor space, this house is ready to welcome you home with its blend of comfort and convenience.

105 Carib Drive, Merritt Island
135 S Kenneth Court, Merritt Island
$259,900
2 Beds ⋅ 2 Baths ⋅ 1090254 MLS
Welcome to this 2 bedroom 1.5 bath home 1 car garage . The functional floor plan features a spacious living room, separate dining area and bright kitchen with white cabinetry, a center island and breakfast-bar seating. Wood-look flooring flows throughout the main living areas and bedrooms for easy maintenance. Conveniently located near shopping, dining, schools, major roadways and the recreational attractions of Florida's Space Coast. Whether you are searching for a primary residence, seasonal retreat or investment opportunity, this Merritt Island home offers affordability and plenty of potential.

135 S Kenneth Court, Merritt Island
1520 Bella Casa Court, Merritt Island
$500,000
3 Beds ⋅ 2 Baths ⋅ 1090249 MLS
Waterfront living with character, charm, and endless possibilities! This unique home offers a blend of vintage details, inviting living spaces, and beautiful water views. Recent improvements include a roof approximately 4 years old, a new garage door, and fresh neutral interior and exterior paint, creating a bright and welcoming feel throughout. The HVAC system is approximately 10 years old. From the distinctive architectural features to the charming retro bathrooms, this home has a personality all its own. Embrace the original character and vintage style or bring your own vision to life with modern updates. Enjoy the peaceful waterfront setting and the opportunity to create something truly your own. A home with character, a waterfront location, and room to make it yours!

1520 Bella Casa Court, Merritt Island
232 Ivory Coral Lane Unit 101, Merritt Island
$369,900
3 Beds ⋅ 3 Baths ⋅ 1090219 MLS
No rental restrictions! GORGEOUS, UPDATED TOWNHOME! Buy one unit or you can buy all three and own the whole building! With resort-style amenities, and a fantastic location in this beautifully updated 3-bedroom, 2.5-bathroom townhome in Cape Crossing Resort & Marina! Featuring stylish modern fixtures, stainless steel appliances, a breakfast bar, window treatments, hurricane-impact windows, and a convenient one-car garage designed for comfortable Florida living. All three bedrooms are located on the second floor, along with two full bathrooms, while a convenient half bath is located on the first floor. The spacious primary suite features a walk-in closet and walk-in shower. Step outside onto your private balcony and enjoy a partial canal view—the perfect spot to relax and unwind. Enjoy the peaceful surroundings of this wonderful community, complete with resort-style amenities including a sparkling community pool, hot tub, fitness room, clubhouse, and waterfront Tiki Bar.

232 Ivory Coral Lane Unit 101, Merritt Island
105 Needle Boulevard, Merritt Island
$225,000
3 Beds ⋅ 1 Baths ⋅ 1090191 MLS
Central Merritt Island! Hampton Homes three bedroom one bath single family home. Solid updates done recently include - New HVAC system installed by Florida Breeze in January 2026! 2.5 ton Goodman 13.4 Seer2 with new Honeywell Pro Thermostat. New roof installed in 2022 by Certified Roofing! New main panel installed in 2022 by Core Electric! Water heater replaced in 2022! Sewer main from house to street replaced in 2023! Fresh interior paint! Mixture of terazzo floors and tile throughout the house. Screened porch. Fenced yard. One car carport. Inside laundry room. Awesome location - next door to Grace United Methodist Church - close to schools, shopping and more!

105 Needle Boulevard, Merritt Island
46 Bogart Place, Merritt Island
$265,000
2 Beds ⋅ 3 Baths ⋅ 1089848 MLS
MOVE-IN READY & PACKED WITH UPGRADES! Welcome to 46 Bogart Place in Merritt Island, where major improvements are already complete! Enjoy a NEW ROOF (2023), HVAC SYSTEM (2021), WATER HEATER (2025), and NEW AC MOTOR (2026). Inside, discover a REMODELED KITCHEN (2022), TWO UPDATED BATHROOMS (2022), updated flooring and carpeting, plus NEW RECESSED LIGHTING (2026). Exterior improvements include a garage door (2019), FENCING (2021), enclosure updates (2022 & 2026), NEW GARAGE DOOR OPENER (2026), and FRESH EXTERIOR PAINT (September 2026). Why spend time and money tackling major projects when so many upgrades have already been completed? Enjoy the convenience of Merritt Island living, with shopping, dining, beaches, and Port Canaveral within reach. This home combines stylish updates, practical improvements, and an excellent Space Coast location. A fantastic opportunity for buyers looking for an updated home without the hassle of extensive renovations. Schedule your private showing today!

46 Bogart Place, Merritt Island
200 S Sykes Creek Parkway, Merritt Island
$365,000
2 Beds ⋅ 2 Baths ⋅ 1090098 MLS
MORE PICS TO COME! Welcome home to Merritt Towers! This 2-bed, 2-bath waterfront unit offers 1,269 square feet, split-bedrooms, assigned covered parking. Ground floor unit with direct outside access from patio!! Monthly dues include water, sewer, trash, wifi, cable, pest control, wonderful amenities and more! So close to the new Cape Canaveral Hospital, shopping, & Cocoa Beach right up the road!! Slider doors frame open to a screened patio with direct access to the waterfront lawn. Enjoy your morning coffee overlooking the water, then step right outside—no hallway or elevator needed. Inside, renovated guest bath, wood-look laminate and tile flooring, crown moulding, chair rail and updated kitchen with classic white cabinetry,striking black-and-white granite countersplash, new appliances, and breakfast bar. Gorgeous decorative lighting throughout the home. Assigned covered parking is right outside the unit. Enjoy the community's waterfront pool and a central Merritt Island location!!

200 S Sykes Creek Parkway, Merritt Island
1665 Richardson Road, Merritt Island
$415,000
4 Beds ⋅ 2 Baths ⋅ 1089893 MLS
CANALFRONT LIVING, MID-CENTURY CHARM & ENDLESS POTENTIAL! This 4-bedroom waterfront rancher is bursting w/ character, boating appeal & an incredible opportunity to create something truly special! Major investments are already complete, including impact windows & sliders, a 2025 A/C & 2019 water heater, leaving room to bring your own design vision to life. Original terrazzo floors flow throughout the sun-filled, open interior, while vintage architectural details celebrate the home's retro roots. The kitchen is ready for a modern transformation, while 4 versatile bedrooms, including a primary w/ ensuite & cedar-lined closets throughout, offer flexibility. A spacious screened porch w/stamped concrete overlooks the canal, where a private dock puts boating days within easy reach. A brick-paved front patio, 2-car garage w/workshop storage & a generous guest bath w/skylight complete this waterfront opportunity. Bring your imagination & make this canalfront classic your own!

1665 Richardson Road, Merritt Island
481 Orange Avenue, Merritt Island
$295,000
3 Beds ⋅ 2 Baths ⋅ 1089940 MLS
South Merritt Island 3 bedroom 2 bath home. This property features a screened porch, versatile bonus room (not included in the square footage), & an enclosed storage area with washer and dryer included. This home is conveniently located in a desirable location that combines easy access to the beaches, dining, schools and more. Located in a quiet neighborhood, with convenient access to main roads, shopping, and nearby amenities. Newer roof, plumbing and AC. South Merritt Island 3 bedroom 2 bath home. This property features a screened porch, versatile bonus room (not included in the square footage), & an enclosed storage area with washer and dryer included. This home is conveniently located in a desirable location that combines easy access to the beaches, dining, schools and more. Located in a quiet neighborhood, with convenient access to main roads, shopping, and nearby amenities. Newer roof, plumbing and AC.

481 Orange Avenue, Merritt Island
4575 Annette Court, Merritt Island
$499,900
4 Beds ⋅ 3 Baths ⋅ 1089872 MLS
OVER HALF AN ACRE PRIVATE LOT, IMPACT WINDOWS & a MASSIVE 700 SQFT GARAGE/WORKSHOP, 2 Screened Porches! This updated home has room to entertain, enjoy, and bring all your toys! Mature trees, an oversized driveway, & a large front porch with columns welcome you home. The kitchen features stylish concrete countertops, a gorgeous backsplash, stainless steel appliances, a pantry, a breakfast bar, & vaulted ceilings in the dining room. Beautiful porcelain tile throughout the main living areas and ceramic tile in the guest quarters. The SPLIT FLOOR PLAN is ideal for those needing an IN-LAW SUITE! One side offers its own entrance through a covered, screened porch, a bedroom, full bathroom, and flex room. A rustic barn door provides privacy from the main living space. On the other side of the home is the HUGE primary suite! Bring your boats, motorcycles, trailers, and toys! The oversized 700 SQFT 2-car garage/workshop comes complete with power & water, plus 30-amp power for your RV. Enjoy the SPACE COAST LIFESTYLE! Conveniently located in North Merritt Island with easy access to Kennedy Space Center, Blue Origin, and major aerospace employers, plus Cape Canaveral, Cocoa Beach, and Port Canaveral! Nearby boat launches, including Kelly Park, make it easy to spend the day on the water. Parks, A-rated schools, shopping, and dining nearby—enjoy space and privacy while staying close to everything Florida living has to offer!

4575 Annette Court, Merritt Island
340 Fisher Lane, Merritt Island
$324,990
4 Beds ⋅ 4 Baths ⋅ 1089847 MLS
This beautiful Merritt Island single-family home offers 3 bedrooms and 3 bathrooms in the main residence, PLUS a 1-bedroom, 1-bathroom ADU with its own private entrance. Whether you envision a separate space for extended family or potential rental income to help offset your mortgage, this versatile layout offers exceptional flexibility. Inside, an inviting open floor plan features new vinyl flooring, beautiful kitchen cabinets, quartz countertops, and stainless steel appliances. Extensive improvements include a new roof and A/C. Step outside to a private, fenced backyard with space to relax, entertain, and enjoy Florida living. A standout opportunity with separate living spaces and no HOA fees! Schedule your private showing today

340 Fisher Lane, Merritt Island
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