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For SaleSingle Family Home
$579K
222 Cove Loop Drive, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Villa De Palmas Sykes Cove Sec 02
4
Bedrooms
2
Bathrooms
2,270
Sq Ft
1990
Year Built
$255 /sqft

About This Property

Description from listing agent

This beautifully updated 4-bedroom, 2-bath pool home is perfectly situated on a tranquil lake in the highly desirable Villa de Palms community. Offering a bright and open floor plan, the home is designed for both comfortable living and effortless entertaining.The interior features a brand-new kitchen with modern finishes, complemented by fully renovated bathrooms. Natural light fills the spacious living areas, creating a warm and inviting atmosphere.Step outside to your private backyard retreat, where a freshly resurfaced pool overlooks serene lake views-perfect for relaxing or hosting gatherings year-round.Major updates include a new roof (2025) and fully paid-off solar panels that significantly reduce energy costs, resulting in a minimal electric bill-providing both efficiency and long-term savings.Ideally located near major roadways, beautiful beaches, and top-rated schools, this home combines convenience with a peaceful setting. A true move-in-ready gem.

Space Coast Context

🚀 Launch Viewing — Great Views

13.8 mi from SLC-40

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

Aerospace Commute Guide
KSC9.1 mi~20 min
Boeing/KSC9.2 mi~21 min
SpaceX10 mi~22 min
Lockheed10.5 mi~23 min
Blue Origin11.2 mi~25 min
Northrop18.8 mi~42 min
L3Harris20.6 mi~46 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
  • 4/10/26
    Listed
    $579K
    $255/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
13.6% below market
Median comparable close price: $670,000
Typical Offer Discount
97.1% of list price
At that rate, a competitive offer ≈ $562,217
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 (single family, condo, townhouse, etc.)
  • 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 ±20% of list price
  • Square footage within ±10–20% (tighter in early tiers)
  • Year built always within ±5–15 years (never dropped)

We search in tiers — starting with the same subdivision, then the same neighborhood, then the same zip code (up to 5 miles). Year built is always required so comps are from the same era of construction. We never search city-wide. Sales within the last 90 days are weighted 2× in the median to reflect current market conditions.

This is the same analysis a local agent performs by hand — done automatically on every listing.

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
0.21 acres (9,148 sqft)
Full Baths
2
Garage
2 car
HOA Fee
$550/mo
Pool
Yes
Days on Market
71
MLS Area
251 - Central Merritt Island

Community & HOA

HOA

  • Name: Villa de Palmas Sykes Creek
  • Fee: $550 / annually

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Apr 10, 2026
Parcel #
24-36-14-Oi-00000.0-0125.00
$579K

Listing Agent (for property info)

T
Tina Kennedy
Gulfstream Realty Group
407-310-4513
Call Listing Agent

Estimated Monthly Payment

$4,330/mo
Principal & interest
$3,051
Property taxes
$579
Insurance & HOA
$700

Based on a 6.90% rate, 30-year loan, and $579K price — down payment shown: $115,800.

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# 1074311

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Equal Housing Opportunity

MLS# 1074311 · Listing Broker: Gulfstream Realty Group · 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.