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For SaleTownhouse
$430K
2730 Cutlass Point Lane #101, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Cape Crossing
3
Bedrooms
3
Bathrooms
1,483
Sq Ft
2018
Year Built
$290 /sqft

About This Property

Description from listing agent

Tropical Paradise Awaits in This Key West-Inspired Townhome! Welcome to your dream home in an exclusive waterfront community, where every day feels like a vacation. Fresh paint, new furniture, updated! This beautifully designed 2-story FULLY FURNISHED townhome blends the charm of Key West architecture w/ modern luxury, offering 3 spacious bedrooms and 2.5 baths, perfect for full-time living or a weekend getaway. Step inside to find an open floor plan w/ coastal touches + upscale finishes throughout. The gourmet kitchen features SS appliances, granite countertops, flowing seamlessly into the dining + living areas-ideal for entertaining or simply relaxing. Outside, enjoy the best of waterfront living! This community boasts a private marina-perfect for boating enthusiasts along with a resort-style pool, spa, and an on-site restaurant where you can savor local cuisine and live music. Navigable canal to Indian River, Banana River + direct ocean access.

Space Coast Context

🚀 Launch Viewing — Great Views

13.4 mi from SLC-40

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

Aerospace Commute Guide
KSC8.3 mi~18 min
Boeing/KSC8.5 mi~19 min
SpaceX9.9 mi~22 min
Lockheed10.4 mi~23 min
Blue Origin11.5 mi~26 min
Northrop19.9 mi~44 min
L3Harris21.7 mi~48 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

Based on 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
15.4% above median
Median comparable close: $372,500 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
96.5% of list price
At that rate, a competitive offer ≈ $415,032
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 2 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
0.03 acres (1,307 sqft)
Full Baths
2
Half Baths
1
Garage
1 car
HOA Fee
$767.12/mo
Waterfront
Canal Navigational to Banana River
Days on Market
135
MLS Area
250 - N Merritt Island

Community & HOA

HOA

  • Name: Cape Crossing Townhomes Homeowners Association
  • Fee: $767.12 / monthly

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Mar 4, 2026
Parcel #
24-36-11-00-00503.P-0000.00
$430K

Listing Agent (for property info)

C
Christine George
Blue Marlin Real Estate
407-494-9144
Call Listing Agent

Estimated Monthly Payment

$3,613/mo
Principal & interest
$2,266
Property taxes
$430
Insurance & HOA
$917

Based on a 6.90% rate, 30-year loan, and $430K price — down payment shown: $86,000.

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# 1071008

Interested in this property?

Equal Housing Opportunity

MLS# 1071008 · Listing Broker: Blue Marlin Real Estate · 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.