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For SaleSingle Family Home
$825K
1940 Newfound Harbor Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Kaia Residence
4
Bedrooms
4
Bathrooms
3,359
Sq Ft
2005
Year Built
$246 /sqft

About This Property

Description from listing agent

Tucked away on beautiful Newfound Harbor, this property offers a rare opportunity to own a large waterfront homesite in one of Merritt Island's most sought-after locations. Set on .73 acres, the property combines privacy, space, and canal access to the Banana River. Launch a kayak, canoe, or paddleboard from your own backyard and spend your evenings watching dolphins and manatees pass by. Designed for enjoying the Florida lifestyle, the outdoor space features a large saltwater pool with waterfall, recently upgraded pump and saltwater filtration system, a widened driveway, and a substantial concrete pad with RV power. The expansive lot provides plenty of room for boats, RVs, trailers, and future possibilities while still offering a spacious, open feel. Whether you're entertaining guests, enjoying the water, or simply taking in the peaceful surroundings, this is a property that is difficult to replicate in today's market.

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
Northrop13.7 mi~31 min
KSC13.9 mi~31 min
L3Harris15.6 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
  • 6/18/26
    Listed
    $825K
    $246/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
6.8% above median
Median comparable close: $772,400 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
90.9% of list price
At that rate, a competitive offer ≈ $749,682
Price Reductions
No reductions
Listed price has not changed since hitting the market
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 (single family, condo, townhouse, etc.)
  • 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)
  • Square footage within ±15%
  • Year built within ±15 years

We start with your neighborhood, then expand to 3 miles, then 5 miles until we have enough comps. Sales within the last 90 days are weighted 2× in the median to reflect current market conditions.

This is the same analysis a local agent performs by hand — done automatically on every listing.

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
0.72 acres (31,363 sqft)
Full Baths
4
Garage
3 car
Waterfront
Newfound Harbor
Pool
Yes
Days on Market
1
MLS Area
254 - Newfound Harbor

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jun 19, 2026
Parcel #
25-37-07-00-00789.0-0000.00
$825K

Listing Agent (for property info)

E
Evan B Bales
Blue Marlin Real Estate
321-588-4073
Call Listing Agent

Estimated Monthly Payment

$5,322/mo
Principal & interest
$4,347
Property taxes
$825
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $825K price — down payment shown: $165,000.

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# 1080336

Interested in this property?

Equal Housing Opportunity

MLS# 1080336 · 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.