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For SaleSingle Family Home
$500K
1145 Molaki Drive, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Catalina Isle Estates Unit 4
4
Bedrooms
2
Bathrooms
1,720
Sq Ft
1966
Year Built
$291 /sqft

About This Property

Description from listing agent

Waterfront gem that needs finishing! Owners remodeled it for themselves from new PVC plumbing to completely rewired electrical! Open floor plan with a gorgeous kitchen with a breakfast bar and nook open to the great room with a fireplace! Impact windows and doors throughout! French pattern tile in the living area! Large laundry room too! Hall bathroom updated also! Primary bath has been gutted and is ready to be finished! Huge 14x25 patio on the back of the house and room for a pool! House needs a roof. The vinyl seawall was installed in 2002 but it needs a new cap. There's a large boat dock but it needs deck work and a lift. The landscaping is ready for some loving. The A/C works great but is 20+ yrs old. *** House 2 doors down just sold for over $1 million so there's some sweat equity on the table for you! *** Attached is a lender flyer that has a very cool renovation loan option for your buyer!

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
KSC10.2 mi~23 min
Boeing/KSC10.2 mi~23 min
SpaceX10.7 mi~24 min
Lockheed11.1 mi~25 min
Blue Origin11.7 mi~26 min
Northrop17.8 mi~40 min
L3Harris19.6 mi~44 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
  • 7/24/26
    Listed
    $500K
    $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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
6.4% above median
Median comparable close: $470,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
83.9% of list price
At that rate, a competitive offer ≈ $419,559
Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.21 acres (9,148 sqft)
Full Baths
2
Total Rooms
9
Garage
2 car
Fireplaces
1
Waterfront
Canal Navigational to Banana River
Days on Market
80
MLS Area
251 - Central Merritt Island

Schools

Elementary

Audubon

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jul 27, 2026
Parcel #
24-36-23-Iy-00005.0-0028.00
$500K

Listing Agent (for property info)

M
Michelle Daignault-Ives
Daignault Realty Inc
321-591-8493
Call Listing Agent

Estimated Monthly Payment

$3,284/mo
Principal & interest
$2,634
Property taxes
$500
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $500K price — down payment shown: $99,980.

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# 1083312

What's Nearby

schools
Merritt Island High School
0.3 mi away
restaurants
McDonald's
0.4 mi away
restaurants
Arby's
0.4 mi away
shopping
7-Eleven
0.5 mi away
restaurants
Domino's
0.5 mi away
pharmacies
CVS Pharmacy
0.5 mi away
restaurants
Topper's
0.6 mi away
restaurants
Sinbad's
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1083312 · Listing Broker: Daignault Realty Inc · 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.