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For SaleSingle Family Home
$739K
1410 Cepheus Court, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Diana Shores Unit No 5
3
Bedrooms
2
Bathrooms
1,474
Sq Ft
1973
Year Built
$501 /sqft

About This Property

Description from listing agent

WATERFRONT PARADISE WITH DIRECT ACCESS TO THE BANANA RIVER! Nestled on a navigable canal in desirable Merritt Island, this beautifully updated 3-bedroom, 2-bath home offers the ultimate Florida lifestyle. Step outside to your private dock where you can fish, boat, kayak, and enjoy daily visits from dolphins and manatees. Relax in the sparkling pool, entertain on the expansive resurfaced patio, and watch breathtaking rocket launches light up the sky from your own backyard. Inside, you'll find extensive upgrades including a renovated kitchen, luxury vinyl plank flooring throughout, updated bathrooms, fresh paint, new A/C, new roof, upgraded electrical system, Tesla charging port, and more. The seawall, dock, boat lift, irrigation, landscaping, and paver driveway have all been thoughtfully improved for worry-free waterfront living. Conveniently located near shopping, dining, and all major employers in the area. It's more than home-it's a front row seat to Florida's Space Coast lifestyle!

Space Coast Context

🚀 Launch Viewing — Great Views

14.4 mi from SLC-40

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

Aerospace Commute Guide
KSC9.9 mi~22 min
Boeing/KSC9.9 mi~22 min
SpaceX10.4 mi~23 min
Lockheed10.9 mi~24 min
Blue Origin11.5 mi~26 min
Northrop18 mi~40 min
L3Harris19.8 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.

Offer Intelligence

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
7.3% below market
Median comparable close price: $797,000
Typical Offer Discount
99.6% of list price
At that rate, a competitive offer ≈ $736,229
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
0.2 acres (8,712 sqft)
Full Baths
2
Garage
2 car (attached)
HOA Fee
$20/mo
Waterfront
Sykes Creek
Pool
Yes
Days on Market
88
MLS Area
251 - Central Merritt Island

Community & HOA

HOA

  • Name: DIANA SHORES UNIT #5
  • Fee: $20 / voluntary

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jun 3, 2026
Parcel #
24-36-23-77-0000l.0-0077.00
$739K

Listing Agent (for property info)

K
Katie Jo Greet
Lokation Real Estate
321-525-1008
Call Listing Agent

Estimated Monthly Payment

$4,803/mo
Principal & interest
$3,894
Property taxes
$739
Insurance & HOA
$170

Based on a 6.90% rate, 30-year loan, and $739K price — down payment shown: $147,800.

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# 1078926

What's Nearby

schools
Merritt Island High School
0.4 mi away
restaurants
Topper's
0.5 mi away
restaurants
Sinbad's
0.5 mi away
pharmacies
CVS Pharmacy
0.6 mi away
restaurants
Burger King
0.6 mi away
pharmacies
Walgreens
0.6 mi away
shopping
7-Eleven
0.6 mi away
schools
Merritt Island Christian School
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1078926 · Listing Broker: Lokation 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.