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For SaleSingle Family Home
$948K
535 Robinhood Drive, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Sherwood Forest Second Div
3
Bedrooms
2
Bathrooms
2,168
Sq Ft
1968
Year Built
$437 /sqft

About This Property

Description from listing agent

Situated on a 0.52-acre lot with 100 feet of direct Indian River frontage, this 3-bedroom, 2-bath home offers 2,168 square feet and exceptional potential. Built in 1968, it is ready for renovation or expansion with no HOA restrictions. The listing includes an adjoining 0.32-acre lot to the east for a combined total of 0.84 acres, creating rare flexibility for future construction such as a large detached garage with living quarters, additional residential structure, or simply preserving the extra space for privacy, all subject to county approval. Conveniently located near beaches, shopping, dining, and major roadways with easy access to Orlando, this is a unique opportunity on Merritt Island.

Space Coast Context

🚀 Launch Viewing — Great Views

15.6 mi from SLC-40

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

Aerospace Commute Guide
KSC10.8 mi~24 min
Boeing/KSC11 mi~25 min
SpaceX11.8 mi~26 min
Lockheed12.2 mi~27 min
Blue Origin12.8 mi~29 min
Northrop17.6 mi~39 min
L3Harris19.3 mi~43 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
  • 6/27/26
    Price change
    $948K -0.3%
    $437/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
13.5% above median
Median comparable close: $835,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
96.5% of list price
At that rate, a competitive offer ≈ $914,639
Price Reductions
1 reduction
Originally listed at $947,500 · Cut $2,500 total
See & adjust the 1 comparable sale 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
0.84 acres (36,590 sqft)
Full Baths
2
Fireplaces
1
Waterfront
Indian River
Days on Market
148
MLS Area
251 - Central Merritt Island

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Feb 19, 2026
Parcel #
24-36-27-03-00000.0-000c.00
$948K

Listing Agent (for property info)

K
Keith Krodel
Reef Realty Florida LLC
321-536-7338
Call Listing Agent

Estimated Monthly Payment

$6,090/mo
Principal & interest
$4,992
Property taxes
$948
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $948K price — down payment shown: $189,500.

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# 1069814

Interested in this property?

Equal Housing Opportunity

MLS# 1069814 · Listing Broker: Reef Realty Florida 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.