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For SaleSingle Family Home
$375K
520 E Merrimac Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Gateway Unit 2 Revised
3
Bedrooms
2
Bathrooms
1,219
Sq Ft
1967
Year Built
$307 /sqft

About This Property

Description from listing agent

Welcome home to this adorable, updated 3-bedroom, 2-bath, 1-car garage, canal-front retreat located in Newfound Harbor! This property offers the perfect blend of comfort, style, and outdoor living. Inside, you'll find a large open great room ideal for entertaining, along with new vinyl plank flooring and fresh interior paint that creates a bright and airy feel throughout. Step outside to your own tropical oasis featuring lush landscaping, a cozy fire pit overlooking the canal--perfect for enjoying paddle boarding or canoeing with family and friends. Additional highlights include no HOA, parking for your boat or RV, a large work shed and covered deck for relaxing with your favorite beverage. New sprinkler pump and controller in 2025, gas water heater in 2024, French door refrigerator in 2023, gas range/oven in 2022, HVAC in 2021 and roof in 2019. Minutes to pristine beaches, shopping, and restaurants. Don't miss this opportunity to own your piece of paradise.

Space Coast Context

🚀 Launch Viewing — Great Views

15.7 mi from SLC-40

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

Aerospace Commute Guide
SpaceX11.2 mi~25 min
Blue Origin11.5 mi~26 min
Lockheed11.5 mi~26 min
Boeing/KSC11.8 mi~26 min
KSC12.2 mi~27 min
Northrop15.4 mi~34 min
L3Harris17.3 mi~39 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
  • 7/9/26
    Listed
    $375K
    $307/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
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, 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
0.18 acres (7,841 sqft)
Full Baths
2
Garage
1 car (attached)
Waterfront
Canal Non-Navigation
Days on Market
2
MLS Area
254 - Newfound Harbor

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jul 9, 2026
Parcel #
24-37-31-76-0000e.0-0052.00
$375K

Listing Agent (for property info)

J
Jim Britton
Britton Group, Inc.
321-863-7804
Call Listing Agent

Estimated Monthly Payment

$2,498/mo
Principal & interest
$1,973
Property taxes
$375
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $375K price — down payment shown: $74,900.

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# 1082046

Interested in this property?

Equal Housing Opportunity

MLS# 1082046 · Listing Broker: Britton Group, Inc. · 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.