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For SaleCondominium
$375K
300 S Sykes Creek Parkway #506, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Merritt Towers Condo Ph III
3
Bedrooms
2
Bathrooms
1,909
Sq Ft
1991
Year Built
$196 /sqft

About This Property

Description from listing agent

Experience elevated waterfront living in this 5th-floor residence overlooking open water on Sykes Creek. Located in a gated community, this spacious 3-bedroom, 2-bath condo offers over 1,900 sq ft of breathtaking views. Step inside a split-bedroom floor plan, with your primary suite opening directly to the water! The primary bath features a large walk-in closet, a beautiful garden tub, and a separate shower. Two large guest bedrooms with one offering an additional oversized walk-in closet. Relax on your private screened balcony with your front-row seat to dolphins and manatees playing below, and rocket launches illuminating the sky. Located in the highly sought-after Merritt Towers, residents enjoy: two sparkling pools & hot tub, clubhouse with full kitchen, library & sauna, dog park, tennis & pickle-ball courts. Milestone inspections have been completed with flying colors! Fantastic location --- near new hospital, shopping, dining, and easy access to Port Canaveral and Cocoa Beach!!

Space Coast Context

🚀 Launch Viewing — Great Views

15.9 mi from SLC-40

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

Aerospace Commute Guide
SpaceX11.6 mi~26 min
Boeing/KSC11.7 mi~26 min
KSC11.9 mi~27 min
Lockheed11.9 mi~27 min
Blue Origin12.2 mi~27 min
Northrop15.9 mi~35 min
L3Harris17.7 mi~39 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
  • 2/26/26
    Listed
    $375K
    $196/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
12.8% below market
Median comparable close price: $430,000
Typical Offer Discount
100.0% of list price
At that rate, a competitive offer ≈ $374,900
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
0.05 acres (2,178 sqft)
Full Baths
2
Total Rooms
10
HOA Fee
$781/mo
Waterfront
Sykes Creek
Days on Market
191
MLS Area
253 - S Merritt Island

Community & HOA

HOA

  • Name: BP Davis Property Mgmt
  • Fee: $781 / monthly

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Feb 26, 2026
Parcel #
24-36-36-00-00552.J-0000.00
$375K

Listing Agent (for property info)

S
Shawna Newberry
LPT Realty LLC
321-431-5561
Call Listing Agent

Estimated Monthly Payment

$3,281/mo
Principal & interest
$1,975
Property taxes
$375
Insurance & HOA
$931

Based on a 6.90% rate, 30-year loan, and $375K price — down payment shown: $74,980.

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# 1070397

What's Nearby

restaurants
0 Club
0.3 mi away
coffee shops
0 Club
0.3 mi away
shopping
Merritt Square Mall
0.3 mi away
pharmacies
Walgreens
0.3 mi away
movie theaters
CMX Theatres
0.3 mi away
restaurants
Chick-fil-A
0.4 mi away
restaurants
Steak 'n Shake
0.4 mi away
grocery
ALDI
0.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1070397 · Listing Broker: LPT Realty 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.