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For SaleSingle Family Home
$745K
870 Spanish Cay Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: River Grove On The Trail Phase 2
4
Bedrooms
3
Bathrooms
2,556
Sq Ft
2003
Year Built
$291 /sqft

About This Property

Description from listing agent

Embrace the Florida lifestyle in this light and bright 4-bedroom, plus office, 3-bath patio home featuring an open floor plan and a private courtyard-style pool that anchors the living spaces. Multiple rooms open directly to the patio, creating effortless indoor-outdoor flow. The kitchen showcases quartz countertops and generous prep space, ideal for everyday living and entertaining. The flexible layout is perfect for multi-generational living with a separate in-law suite that provides privacy for guests or extended family and a spacious bedroom or game room for hobbies or movie nights. Watch rocket launches from the balcony. Recent improvements include a resurfaced pool (2022), Roof approximately 8 years old, impact windows on the in-law suite and game room, plantation shutters, a 2020 deep irrigation well, and a new AC in 2025. Located in River Grove on the Trail with a private community dock and river access, this home offers comfort, versatility, and true Florida waterfront living.

Space Coast Context

🚀 Launch Viewing — Great Views

18.7 mi from SLC-40

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

Aerospace Commute Guide
Northrop12.9 mi~29 min
SpaceX14.2 mi~32 min
Blue Origin14.4 mi~32 min
Lockheed14.5 mi~32 min
L3Harris14.7 mi~33 min
Boeing/KSC14.8 mi~33 min
KSC15 mi~33 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
  • 2/20/26
    Listed
    $745K
    $291/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 4 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
16.4% above median
Median comparable close: $640,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
98.0% of list price
At that rate, a competitive offer ≈ $729,870
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 4 comparable sales 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
0.39 acres (16,988 sqft)
Full Baths
3
Garage
3 car
HOA Fee
$425/mo
Waterfront
Yes
Pool
Yes
Days on Market
124
MLS Area
253 - S Merritt Island

Community & HOA

HOA

  • Name: River Grove on the Trail
  • Fee: $425 / annually

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Feb 20, 2026
Parcel #
25-36-13-79-0000a.0-0031.00
$745K

Listing Agent (for property info)

J
Jenn Clements
Coastal Life Properties LLC
321-302-1430
Call Listing Agent

Estimated Monthly Payment

$5,245/mo
Principal & interest
$3,925
Property taxes
$745
Insurance & HOA
$575

Based on a 6.90% rate, 30-year loan, and $745K price — down payment shown: $149,000.

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# 1069874

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Equal Housing Opportunity

MLS# 1069874 · Listing Broker: Coastal Life Properties 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.