For SaleCondominium
$359K
490 Sail Lane #203, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Island Pointe Condo Ph 1B
3
Bedrooms
2
Bathrooms
2,122
Sq Ft
2005
Year Built
$169 /sqft

About This Property

Description from listing agent

This Island Pointe residence elevates waterfront living with thoughtful updates and a layout designed for comfort and style. With prime exposure, this 3 bed, 2 bath unit overlooks the Indian River. Enjoy sweeping views of sunsets, rocket launches, & wildlife. The spacious floor plan includes a flexible area for a den or formal dining, and the entire unit has been freshly painted. Luxury vinyl plank flooring adds a modern feel throughout. The kitchen features solid wood cabinetry, solid surface countertops, updated appliances, and a moveable island for cooking or entertaining. The primary suite includes an updated bath with a walk‑in shower. The balcony has hurricane shutters, and the unit includes a 1 car garage under the building plus exterior parking. Amenities include a clubhouse with meeting rooms, library, sauna, gym, kitchen, dining area, and covered patio. Both pools are renovated, and the new south‑end sports deck offers pickleball, tennis, and basketball! Welcome home!

Space Coast Context

🚀 Launch Viewing — Great Views

16.2 mi from SLC-40

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

Aerospace Commute Guide
KSC11.6 mi~26 min
Boeing/KSC11.6 mi~26 min
SpaceX12.2 mi~27 min
Lockheed12.6 mi~28 min
Blue Origin13.1 mi~29 min
Northrop16.7 mi~37 min
L3Harris18.5 mi~41 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
  • 1/12/26
    Listed
    $359K
    $169/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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
12.2% above median
Median comparable close: $320,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
89.8% of list price
At that rate, a competitive offer ≈ $322,359
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 3 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
0.04 acres (1,742 sqft)
Full Baths
2
Total Rooms
9
Garage
1 car
HOA Fee
$1214.75/mo
Waterfront
Indian River
Days on Market
164
MLS Area
251 - Central Merritt Island

Community & HOA

HOA

  • Name: Island Pointe Condo of Merritt Island
  • Fee: $1,214.75 / monthly

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jan 13, 2026
Parcel #
24-36-35-34-00000.0-0001.08
$359K

Listing Agent (for property info)

B
Barbara C Wall
BHHS Florida Realty
321-749-2444
Call Listing Agent

Estimated Monthly Payment

$3,615/mo
Principal & interest
$1,891
Property taxes
$359
Insurance & HOA
$1,365

Based on a 6.90% rate, 30-year loan, and $359K price — down payment shown: $71,800.

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# 1066325

Interested in this property?

Equal Housing Opportunity

MLS# 1066325 · Listing Broker: BHHS Florida Realty · 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.