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For SaleSingle Family Home
$999K
1940 Gates Road, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: None
4
Bedrooms
3
Bathrooms
3,174
Sq Ft
1986
Year Built
$315 /sqft

About This Property

Description from listing agent

Experience refined waterfront living in this beautifully updated 4 bedroom, 2.5 bath pool home situated in the prestigious Newfound Harbor area of Merritt Island. Set on a serene waterfront lot, this residence offers a spacious, flowing floor plan designed to highlight natural light, comfort, and style. The heart of the home is the newly renovated kitchen, thoughtfully appointed with modern finishes and generous workspace. Multiple living and dining areas provide an elegant yet comfortable setting for both everyday living and hosting. Outdoor living is elevated with a paved pool deck overlooking the water, creating a tranquil backdrop for relaxation and entertainment. A well maintained yard frames the property beautifully, while the updated dock provided seamless access for boating and waterfront enjoyment. Located close to fine dining, shopping, beaches, and top rated conveniences, this exceptional residence offers a rare opportunity to enjoy luxury waterfront living.

Space Coast Context

🚀 Launch Viewing — Great Views

17.2 mi from SLC-40

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

Aerospace Commute Guide
SpaceX12.7 mi~28 min
Blue Origin12.7 mi~28 min
Lockheed12.9 mi~29 min
Boeing/KSC13.5 mi~30 min
Northrop13.8 mi~31 min
KSC13.9 mi~31 min
L3Harris15.7 mi~35 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 11/21/25
    Listed
    $999K
    $315/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
26.5% above median
Median comparable close: $790,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
93.5% of list price
At that rate, a competitive offer ≈ $933,976
Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.36 acres (15,682 sqft)
Full Baths
2
Half Baths
1
Garage
2 car
Fireplaces
1
Waterfront
Newfound Harbor
Pool
Yes
Days on Market
228
MLS Area
254 - Newfound Harbor

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Nov 21, 2025
Parcel #
25-37-07-00-00768.0-0000.00
$999K

Listing Agent (for property info)

C
Christian Dossett
Blue Marlin Real Estate
352-445-1174
Call Listing Agent

Estimated Monthly Payment

$6,413/mo
Principal & interest
$5,264
Property taxes
$999
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $999K price — down payment shown: $199,800.

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# 1062653

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Equal Housing Opportunity

MLS# 1062653 · Listing Broker: Blue Marlin Real Estate · 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.