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For SaleSingle Family Home
$275K
115 Carib Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Belaire Unit No 3
3
Bedrooms
2
Bathrooms
1,548
Sq Ft
1964
Year Built
$178 /sqft

About This Property

Description from listing agent

**SHORT SALE** Priced lower than appraisal. Bank approved price. Beautiful Merritt Island pool home offering the perfect blend of comfort, location, and Florida lifestyle. This 3-bed, 2-bath home features an open floor plan, and abundant natural light. The kitchen offers ample cabinetry, and a breakfast bar overlooking the dining area. The spacious primary suite includes a private bathroom. sliding doors from the living room that lead to the gorgeous pool. Enjoy peace of mind with a newer 8-year-old roof and storm shutters on every window. The fully fenced backyard and screened lanai with sparkling pool create an ideal space for relaxing or entertaining. Conveniently located near beaches, Port Canaveral, Kennedy Space Center, and major highways come check out this Merritt Island gem. With just a little TLC, this home has incredible potential! Schedule your showing today.

Space Coast Context

🚀 Launch Viewing — Great Views

16.3 mi from SLC-40

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

Aerospace Commute Guide
KSC12 mi~27 min
Boeing/KSC12 mi~27 min
SpaceX12.2 mi~27 min
Lockheed12.5 mi~28 min
Blue Origin12.9 mi~29 min
Northrop16.1 mi~36 min
L3Harris17.8 mi~40 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
  • 6/20/26
    Price change
    $275K -1.8%
    $178/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

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
8.3% below market
Median comparable close price: $300,000
Typical Offer Discount
95.3% of list price
At that rate, a competitive offer ≈ $261,988
Price Reductions
1 reduction
Originally listed at $275,000 · Cut $5,000 total
See & adjust the 1 comparable sale used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

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
0.19 acres (8,276 sqft)
Full Baths
2
Garage
1 car
Pool
Yes
Days on Market
477
MLS Area
253 - S Merritt Island

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Mar 27, 2025
Parcel #
24-36-35-81-0000f.0-0005.00
$275K

Listing Agent (for property info)

T
Tatiana Valencia
ZOOM Realty Group LLC
786-257-9193
Call Listing Agent

Estimated Monthly Payment

$1,874/mo
Principal & interest
$1,449
Property taxes
$275
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $275K price — down payment shown: $55,000.

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# 1036579

Interested in this property?

Equal Housing Opportunity

MLS# 1036579 · Listing Broker: ZOOM Realty Group LLC · 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.