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For SaleSingle Family Home
$90K
340 Schoolhouse Lane, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Merritt Island Village
2
Bedrooms
2
Bathrooms
1,088
Sq Ft
1962
Year Built
$83 /sqft

About This Property

Description from listing agent

Merritt Island opportunity with location curb appeal and strong potential. This two bedroom one and a half bath home is situated on a sidewalk lined street with a cul de sac at the end. The oversized driveway accommodates two vehicles plus a spacious carport with additional parking available. Conveniently located within walking distance to Target, Dollar Store, fast food options and everyday essentials. Inside the home features white kitchen cabinets natural light tile flooring in the main living areas and a functional layout ready for updates or personalization. The backyard is fenced on three sides and offers flexible outdoor space for a variety of uses or future improvements. Enjoy a Space Coast highlight with views of rocket launches from home. This property is ideal for buyers looking to personalize invest or build equity in a Merritt Island location close to shopping dining and daily conveniences.

Space Coast Context

🚀 Launch Viewing — Great Views

14.5 mi from SLC-40

14.5 miles from SLC-40 — clear launch views from your yard or roof on most days.

Aerospace Commute Guide
KSC9.7 mi~22 min
Boeing/KSC9.8 mi~22 min
SpaceX10.8 mi~24 min
Lockheed11.2 mi~25 min
Blue Origin12 mi~27 min
Northrop18.5 mi~41 min
L3Harris20.3 mi~45 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 6/27/26
    Price change
    $90K -41.2%
    $83/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
1 reduction
Originally listed at $90,000 · Cut $63,000 total
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.17 acres (7,405 sqft)
Full Baths
1
Half Baths
1
Days on Market
227
MLS Area
251 - Central Merritt Island

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jan 13, 2026
Parcel #
24-36-23-25-00000.0-0022.00
$90K

Listing Agent (for property info)

L
Lynn F Wilson
Better Homes & Gardens RE Star
321-960-3587
Call Listing Agent

Estimated Monthly Payment

$714/mo
Principal & interest
$474
Property taxes
$90
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $90K price — down payment shown: $18,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1066288

What's Nearby

government
Merritt Island Post Office
0.1 mi away
fire stations
Merritt Island Fire / Rescue Station 41
0.2 mi away
grocery
Dollar General Market
0.2 mi away
government
Brevard County Tax Collector
0.2 mi away
pharmacies
Walgreens
0.3 mi away
restaurants
Burger King
0.3 mi away
schools
Merritt Island Christian School
0.3 mi away
restaurants
Sinbad's
0.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1066288 · Listing Broker: Better Homes & Gardens RE Star · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.