1 / 50
For SaleSingle Family Home
$850K
485 Milford Point Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Milford Point Beach Subd
3
Bedrooms
3
Bathrooms
2,374
Sq Ft
1989
Year Built
$358 /sqft

About This Property

Description from listing agent

Check out the 3D walkthrough. Discover an incredible waterfront opportunity—ready for someone to bring their personal touch & elevate it into a true coastal retreat. Perfectly positioned on a navigable canal with quick access to the Banana River & just minutes from the Port, this home offers the ideal blend of Florida living & endless potential. Step outside to an impressive screened-in pool area featuring a serene waterfall, relaxing hot tub, and an electric heater for year-round enjoyment. A convenient half bathroom serves the pool deck, making outdoor entertaining effortless. For the boating enthusiast, the property includes power at the dock and a 20,000-pound lift, creating an easy launch into the open water. Inside, the home features a fabulous and flexible floor plan with two separate living areas, a formal dining room, and a dedicated bar, perfect for hosting gatherings. The split layout ensures privacy, while the generously sized bedrooms offer comfort for family and guests.

Space Coast Context

🚀 Launch Viewing — Great Views

14.6 mi from SLC-40

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

Aerospace Commute Guide
SpaceX10.2 mi~23 min
Lockheed10.5 mi~23 min
Boeing/KSC10.7 mi~24 min
Blue Origin10.7 mi~24 min
KSC11.1 mi~25 min
Northrop16.5 mi~37 min
L3Harris18.4 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
  • 11/28/25
    Listed
    $850K
    $358/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
0.25 acres (10,890 sqft)
Full Baths
2
Half Baths
1
Garage
2 car (attached)
Waterfront
Pelican Creek
Pool
Yes
Days on Market
191
MLS Area
252 - N Banana River Dr.

Schools

Elementary

Audubon

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Dec 16, 2025
Parcel #
24-37-30-01-00000.0-0024.00
$850K

Listing Agent (for property info)

E
Ellie M Chan
RE/MAX Aerospace Realty
321-626-2016
Call Listing Agent

Estimated Monthly Payment

$5,478/mo
Principal & interest
$4,478
Property taxes
$850
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $850K price — down payment shown: $170,000.

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# 1063111

Interested in this property?

Equal Housing Opportunity

MLS# 1063111 · Listing Broker: RE/MAX Aerospace 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.