1 / 7
For SaleSingle Family Home
$1.2M
1175 N Courtenay Parkway, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Nevins Subd of Pt of Secs 23 26
8
Bathrooms
8,053
Sq Ft
1986
Year Built
$155 /sqft

About This Property

Description from listing agent

Prime investment opportunity for a renovated 8,053 SF retail/office center in Merritt Island. Strategically located on high-traffic N Courtenay Pkwy, directly across from Merritt Island High School and adjacent to the public library. Features 8 units with updated interiors, ample parking, and strong tenant mix. Ideal for 1031 exchange or portfolio addition.

Space Coast Context

🚀 Launch Viewing — Great Views

14.9 mi from SLC-40

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

Aerospace Commute Guide
KSC10.2 mi~23 min
Boeing/KSC10.3 mi~23 min
SpaceX11 mi~25 min
Lockheed11.4 mi~25 min
Blue Origin12.1 mi~27 min
Northrop17.9 mi~40 min
L3Harris19.7 mi~44 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.

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
0.68 acres (29,621 sqft)
Days on Market
220
MLS Area
251 - Central Merritt Island

Financial & Listing Details

Listed
Jan 19, 2026
Parcel #
24-36-23-Bx-00000.0-0031.01
$1.2M

Listing Agent (for property info)

R
Ralph S Perrone
Perrone Realty, LLC
407-733-0725
Call Listing Agent

Estimated Monthly Payment

$7,980/mo
Principal & interest
$6,581
Property taxes
$1,249
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $1.2M price — down payment shown: $249,800.

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# 1046593

What's Nearby

shopping
7-Eleven
0.1 mi away
pharmacies
CVS Pharmacy
0.1 mi away
schools
Merritt Island High School
0.2 mi away
restaurants
McDonald's
0.2 mi away
restaurants
Domino's
0.3 mi away
restaurants
Arby's
0.3 mi away
schools
Merritt Island Christian School
0.3 mi away
restaurants
Topper's
0.4 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1046593 · Listing Broker: Perrone 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.