Central Merritt Island Homes under $500,000

Central Merritt Island Homes under $500,000

Welcome to Central Merritt Island, a hidden gem nestled in the heart of Brevard County, Florida. Known for its lush landscapes and serene waterways, this charming area offers a perfect blend of suburban tranquility and vibrant community life. Central Merritt Island boasts a prime location, just a short drive from the stunning beaches of Cocoa Beach and the excitement of Cape Canaveral, making it an ideal spot for those who appreciate both relaxation and adventure.

The real estate market in Central Merritt Island is as diverse as its residents, with a fantastic selection of homes available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a variety of options that suit your needs and budget. From cozy single-family homes with spacious backyards to charming townhouses in friendly neighborhoods, there’s something for everyone.

Residents of Central Merritt Island enjoy a plethora of amenities, including parks, shopping centers, and excellent schools. The community is known for its friendly atmosphere and strong sense of belonging, making it easy to feel at home. Plus, with the nearby Indian River and Banana River, outdoor enthusiasts can indulge in boating, fishing, and kayaking.

If you’re searching for an affordable home in a picturesque location that offers both relaxation and recreation, Central Merritt Island is the perfect place to call home. Discover the delightful homes under $500,000 and embrace the lifestyle that awaits you in this beautiful Florida community!

Newest Central Merritt Island Homes under $500,000

225 Tiki Drive, Merritt Island
$335,000
3 Beds ⋅ 2 Baths ⋅ 1092138 MLS
Welcome to 225 Tiki Drive - this is an ideal home or rental property for those seeking an updated living space. This renovated home has 3 bedrooms with 2 bathrooms. The renovations include new kitchen cabinets, kitchen appliances and Quartz countertops, fully renovated luxurious bathrooms, new flooring, new lighting, new ceiling fans and more. NEW Roof in 2023, and New Water Heater in 2025! This home also has a newly painted interior/exterior. Quiet Neighborhood, Close to all Major Highways, and Shopping Centers. Also an excellent rental investment opportunity.

225 Tiki Drive, Merritt Island
300 S Sykes Creek Parkway Unit 508, Merritt Island
$359,900
3 Beds ⋅ 2 Baths ⋅ 1091993 MLS
Imagine waking up in this desirable 5th-floor corner unit, where sweeping, open-water views of Sykes Creek greet you every day. The spacious split-bedroom floor plan offers a private primary suite with direct waterfront views, while two generously sized guest bedrooms provide flexibility for family, guests, or your home office. Enjoy an open living space and a large kitchen with plenty of room to prepare meals, gather, and entertain. Resort-style amenities: including two sparkling pools, a hot tub, clubhouse with full kitchen, library, sauna, dog park, and tennis and pickleball courts. Picture yourself sipping morning coffee overlooking the water, watching dolphins and manatees play, or taking in rocket launches lighting up the sky -- all from the comfort of home! You're just steps from the brand-new hospital and directly across the street from shopping and dining, with everyday conveniences. *Fresh paint throughout unit *Very clean *AI-generated photos used for illustrative purposes.

300 S Sykes Creek Parkway Unit 508, Merritt Island
1420 Mercury Street, Merritt Island
$425,000
4 Beds ⋅ 2 Baths ⋅ 1091928 MLS
Welcome to 1420 Mercury Street, a 4-bedroom, 2-bathroom pool home located in the established Diana Shores community of Merritt Island! Offering 1,695 square feet of living space, this single-story home features a functional layout with plenty of room for everyday living and entertaining. Step outside to your own backyard retreat, complete with a private swimming pool, spa, and outdoor space perfect for relaxing or gathering with family and friends. Conveniently located near shopping, dining, schools, the Kennedy Space Center, and the beautiful beaches of the Space Coast, this home offers a great opportunity to enjoy the Florida lifestyle. Whether you're looking for your next family home or a property to make your own, 1420 Mercury Street is ready for its next chapter. Schedule your private showing today!

1420 Mercury Street, Merritt Island
325 Wainai Drive, Merritt Island
$449,999
3 Beds ⋅ 2 Baths ⋅ 1091646 MLS
Fully renovated Merritt Island pool home! This 3/2, 1,500 sq ft sought-after Catalina Isle Estates single-story was rebuilt from the studs by a licensed contractor with permits: hurricane windows and doors, full PVC repipe and new PVC drains, new breaker and outside service panel, new AC compressor with a 10-year warranty, plus new insulation and drywall. Roof replaced in 2017. Custom paver walkway with flagstone and solar lights. Quartz kitchen island with a chef's sink, soft-close cabinetry, and a new Frigidaire stainless suite under warranty. New baths with quartz vanities, curbless shower and a tub with ambient light and Bluetooth speaker. Laminate floors and fresh paint. Epoxy 2-car garage with keypad entry. Diamond Bright pool with new pump, filter, and light, plus a fire pit, double-gate boat or RV yard, new landscaping, and well-pump irrigation. Minutes to the Banana River, beaches, and the Space Coast. Some photos have been virtually rendered.

325 Wainai Drive, Merritt Island
430 Houston Lane, Merritt Island
$268,395
3 Beds ⋅ 3 Baths ⋅ 1091638 MLS
The Pearson townhome offers 3 bedrooms, 2.5 baths, and 1,463 sq. ft. of modern living. The open-concept first floor features a spacious living and dining area that flows into a stylish kitchen with quartz countertops, stainless steel appliances, and a pantry. Enjoy outdoor living on the private patio. Upstairs, the primary suite includes a walk-in closet and private bath, with two additional bedrooms and a full bath nearby. Photos are sample only not actual home.

430 Houston Lane, Merritt Island
1500 Stafford Avenue, Merritt Island
$456,900
3 Beds ⋅ 2 Baths ⋅ 1091630 MLS
You've arrived to Island Crossings, an established Merritt Island neighborhood where peaceful pond views, wildlife, friendly neighbors and the Space Coast lifestyle come together! This move-in-ready 3-bedroom, 2-bath home has been refreshed with new luxury vinyl plank flooring, fresh interior paint, updated lighting & fans, a newly rescreened lanai, and a NEW ROOF in 2025! Vaulted ceilings create a bright, airy great room, while the spacious breakfast nook overlooks the water, the perfect spot for morning coffee and a little wildlife watching. The spacious primary suite features a large walk-in closet, double vanity, a soaking tub, and separate shower. Step outside to the oversized screened lanai, where there's plenty of room to relax, entertain, or simply enjoy the view. And on launch days? Watch the rocket launches from your own backyard! A screened front entry, concrete side pad for boat storage, storage shed, interior laundry room, and two-car garage add everyday convenience. Boating enthusiasts will appreciate Kelly Park West's nearby boat launch, while cruise lovers are just a short drive from Port Canaveral, where a spontaneous weekend getaway is practically calling your name! Conveniently located for commuting to Kennedy Space Center, SpaceX, and Blue Origin, with shopping, dining, beaches, and even Target within easy reach. The new Merritt Island hospital is under 10 minutes away. Orlando International Airport is about 40 minutes away, and The Avenue Viera is about 30 minutes. 2025 Roof | 2024 Water heater | 2021 HVAC | Save on your water bill with the deep well for irrigation | Low HOA @ $404 Per Year. Whether you're launching your boat, catching a cruise, watching a rocket launch, or simply enjoying the peaceful pond views from your own backyard, I think you'll want to call this one HOME!

1500 Stafford Avenue, Merritt Island
436 Houston Lane, Merritt Island
$293,395
3 Beds ⋅ 3 Baths ⋅ 1091604 MLS
The Pearson townhome offers 3 bedrooms, 2.5 baths, and 1,463 sq. ft. of modern living. The open-concept first floor features a spacious living and dining area that flows into a stylish kitchen with quartz countertops, stainless steel appliances, and a pantry. Enjoy outdoor living on the private patio. Upstairs, the primary suite includes a walk-in closet and private bath, with two additional bedrooms and a full bath nearby. Photos are sample only not actual home.

436 Houston Lane, Merritt Island
426 Houston Lane, Merritt Island
$293,395
3 Beds ⋅ 3 Baths ⋅ 1091602 MLS
The Pearson townhome offers 3 bedrooms, 2.5 baths, and 1,463 sq. ft. of modern living. The open-concept first floor features a spacious living and dining area that flows into a stylish kitchen with quartz countertops, stainless steel appliances, and a pantry. Enjoy outdoor living on the private patio. Upstairs, the primary suite includes a walk-in closet and private bath, with two additional bedrooms and a full bath nearby. Photos are sample only not actual home.

426 Houston Lane, Merritt Island
1510 Cunningham Avenue, Merritt Island
$137,000
3 Beds ⋅ 2 Baths ⋅ 1091568 MLS
Located in the popular central Merritt Island community of Brevard County, this 3-bedroom, 2-bath home offers 884 sq. ft. of living space on a shady lot with a storage shed in the backyard. The interior features an open eat-in kitchen, spacious living room, generous primary bedroom and tile flooring throughout. Conveniently situated near area beaches, waterways, shopping, dining, and local amenities. All information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. IMPORTANT: Property has significant roof and ceiling damage, along with reported mold and structural concerns. Due to safety conditions, all prospective buyers and visitors must execute a required Hold Harmless/Release of Liability Agreement acknowledging the potential mold and structural hazards prior to entering the property. Documents attached to listing and showing time.

1510 Cunningham Avenue, Merritt Island
265 Spring Drive Unit 1, Merritt Island
$167,900
2 Beds ⋅ 2 Baths ⋅ 1091509 MLS
Welcome to Summer Place Condominiums! This charming 2-bedroom, 2-bathroom first-floor corner unit offers 1,037 square feet of comfortable living space with added privacy and an abundance of natural light. Enjoy the convenience of tile flooring throughout, a spacious living area, separate dining space, and indoor laundry hookups. The enclosed, screened patio provides the perfect place to relax and unwind, while the small backyard area adds an extra touch of privacy. With no stairs to climb and a desirable end-unit location, everyday living is a breeze! Summer Place offers wonderful community amenities, including a swimming pool, playground, basketball court, and scenic lake area. Conveniently located near shopping, dining, major roadways, Port Canaveral, and the beautiful Space Coast beaches. Whether you're searching for your first home, a seasonal getaway, or a place to downsize, this condo offers an excellent opportunity to enjoy the Florida lifestyle. Schedule your showing today!

265 Spring Drive Unit 1, Merritt Island
480 Sabal Avenue, Merritt Island
$344,000
3 Beds ⋅ 3 Baths ⋅ 1091466 MLS
Brand New Roof! New kitchen & windows scheduled for installation! Location, updates, and convenience come together in this inviting two-story home in the heart of Merritt Island! Featuring 3 bedrooms, 2.5 baths, and a functional layout, this home offers a spacious living room, separate dining area, and convenient downstairs half bath. The kitchen improvements include updated sewer piping for added peace of mind. Upstairs, you'll find three comfortable bedrooms and two full baths. The one-car garage features a new garage door and laundry hookups. Enjoy Florida living on the screened porch and extended paver patio, plus generous side and backyard space with room for boat or trailer parking! The community offers a waterfront park, playground, basketball, and tennis courts. Conveniently located near beaches, schools, shopping, dining, and the new hospital. An incredible opportunity to enjoy the best of Merritt Island living!

480 Sabal Avenue, Merritt Island
2135 N Courtenay Parkway Unit 217, Merritt Island
$210,000
3 Beds ⋅ 2 Baths ⋅ 1091323 MLS
BEAUTIFUL POND & FOUNTAIN VIEWS! SPACIOUS 3-BEDROOM CONDO IN ISLAND VILLAGE! Discover comfortable coastal living in Desirable 55+ community on Merritt Island! This inviting 2nd floor condo features THREE GENEROUSLY SIZED BEDROOMS, w spacious closets, offering plenty of room for comfortable living, guests, or a home office. One of the home's most appealing features is the ENCLOSED BALCONY overlooking the picturesque pond & fountain, providing a lovely setting to relax and enjoy the tranquil water views. Sliding glass doors from both the primary bdrm & den offer convenient access to the balcony, bringing the beauty of the outdoors into everyday living. Enjoy the ease of a low maintenance lifestyle w community amenities including a swimming pool, tennis courts, shuffleboard, clubhouse, & RV/Boat storage depending on size if avail. Conveniently located near shopping, restaurants, medical facilities, Cocoa Beach, Port Canaveral Beach (10 mins), & KSC. Close to Orlando's attractions.

2135 N Courtenay Parkway Unit 217, Merritt Island
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