Merritt Island Homes under $500,000

Merritt Island Homes under $500,000

Welcome to Merritt Island, Florida, a hidden gem nestled along the breathtaking Space Coast in Brevard County. Known for its lush landscapes, vibrant wildlife, and proximity to the pristine beaches of the Atlantic Ocean, Merritt Island offers a unique blend of suburban charm and natural beauty. With its rich history and thriving community, this area is perfect for families, retirees, and anyone looking to enjoy a relaxed Florida lifestyle.

One of the most enticing features of Merritt Island is its diverse real estate market, particularly homes priced under $500,000. Whether you're a first-time homebuyer or looking for a cozy retreat, you'll find a variety of options that cater to your needs. From charming single-family homes to modern townhouses, each property showcases the warmth and character that Merritt Island is known for. Many homes boast spacious yards, perfect for outdoor gatherings or simply enjoying the serene Florida sunshine.

Living in Merritt Island means embracing an active lifestyle. Residents have easy access to the stunning Merritt Island National Wildlife Refuge, where you can explore miles of trails, spot diverse wildlife, and enjoy breathtaking views. Plus, with Cape Canaveral and Cocoa Beach just a short drive away, weekend adventures are always within reach.

With its affordable housing options and vibrant community spirit, Merritt Island is truly a wonderful place to call home. Come discover the charm of this beautiful region and find your perfect home today!

Newest Merritt Island Homes under $500,000

340 Fisher Lane, Merritt Island
$324,990
4 Beds ⋅ 4 Baths ⋅ Merritt Island Village SubDv. ⋅ 32953 Zip Code
This beautiful Merritt Island single-family home offers 3 bedrooms and 3 bathrooms in the main residence, PLUS a 1-bedroom, 1-bathroom ADU with its own private entrance. Whether you envision a separate space for extended family or potential rental income to help offset your mortgage, this versatile layout offers exceptional flexibility. Inside, an inviting open floor plan features new vinyl flooring, beautiful kitchen cabinets, quartz countertops, and stainless steel appliances. Extensive improvements include a new roof and A/C. Step outside to a private, fenced backyard with space to relax, entertain, and enjoy Florida living. A standout opportunity with separate living spaces and no HOA fees! Schedule your private showing today.

340 Fisher Lane, Merritt Island
2591 Sykes Creek Drive, Merritt Island
$498,900
3 Beds ⋅ 3 Baths ⋅ Costa Norte SubDv. ⋅ 32953 Zip Code
Welcome home! This waterfront community offers resort-style amenities & comfortable FL living! Guests are welcomed by a paved, private courtyard. The open floorplan brings the dining & living areas together beneath soaring vaulted ceilings. Spacious kitchen features a breakfast nook, island, quartz countertops, tile backsplash, pantry & stainless appliances. 1st floor office/den/FL room & spacious laundry room w/sink & storage add convenience. Split-bedroom layout offers a 1st-floor owners suite w/French doors, walk-in closet w/built-ins, linen closet, dual sinks w/quartz countertops, water closet, jetted tub & tiled walk-in shower. Upstairs, the versatile loft w/wet bar opens to an expansive terrace, ideal for watching rocket launches w/river views across the street. A rear screened porch overlooks a peaceful backdrop of trees. Baths have been updated, crown molding & plantation shutters add that custom finish. Conveniently located 10 min to beach, 20 min to KSC, NASA, SpaceX, Blue Origin, 45 min to Orlando airport & area attractions!

2591 Sykes Creek Drive, Merritt Island
105 Carib Drive, Merritt Island
$330,000
3 Beds ⋅ 2 Baths ⋅ Belaire Unit 02 SubDv. ⋅ 32952 Zip Code
Welcome home to this beautifully maintained coastal retreat on South Merritt Island! Tucked away in the peaceful Belaire subdivision, this classic block-construction 3-bedroom, 2-bathroom home offers 1,529 square feet of comfortable, stress-free living. Enjoy ultimate peace of mind with big-ticket structural updates already completed, including a newer roof installed in 2022 and a brand-new A/C system replaced in 2025. Inside, the home boasts a spacious, inviting layout centered around a cozy fireplace—perfect for relaxing evenings. The functional living space flows effortlessly out to a generous 0.19-acre lot, complemented by a spacious attached 2-car garage with plenty of storage. Location is everything! This property places you minutes away from premier Brevard County shopping, local dining, and top-rated schools including Tropical Elementary and Merritt Island High. With the major mechanicals taken care of, this home is ready for you to move in and add your personal touches. Schedule your private tour today!

105 Carib Drive, Merritt Island
4381 Timothy Drive, Merritt Island
$298,000
3 Beds ⋅ 2 Baths ⋅ Bella Vita Pud SubDv. ⋅ 32953 Zip Code
Located in Osprey Village, a gated 55+ community in North Merritt Island, this 3-bed, 2-bath home offers serene wetland and Sykes Creek views from its private screened lanai. The lanai is the centerpiece of the outdoor space, featuring stone flooring and a full outdoor kitchen. Inside, tall ceilings and wide sliding doors provide abundant natural light, with tile flooring flowing through the main living areas. The kitchen has solid wood cabinets, a breakfast bar, and a spacious pantry. The primary has sliders to the lanai, two walk-in closets, and an en suite with a double vanity, walk-in shower, and a soaking tub. All bedrooms are carpeted for comfort. The attached 2-car garage and laundry with included washer/dryer add convenience. Residents enjoy a pool, bocce ball court, and being minutes to the beaches with a great view of rocket launches. The HOA covers cable, internet, lawn care, exterior maintenance and roof replacement -- completed in 2020. Low-maintenance living awaits!

4381 Timothy Drive, Merritt Island
380 Hunt Drive, Merritt Island
$299,000
3 Beds ⋅ 2 Baths ⋅ Buttonwood Manor Sub SubDv. ⋅ 32953 Zip Code
Welcome home to this beautifully remodeled 3-bedroom, 2-bath concrete block home in the heart of Merritt Island with NO HOA! Featuring a 2022 roof, original terrazzo floors throughout, an updated kitchen with newer appliances and cabinetry, and a screened patio perfect for enjoying Florida living. The front yard even features a fruit-bearing starfruit tree! Conveniently located less than 10 minutes from Cocoa Beach and the Pier, with easy access to Kennedy Space Center, Merritt Island National Wildlife Refuge, shopping, dining, and more. Approximately 45 minutes to Orlando’s world-famous attractions. Whether you're looking for a primary residence, downsizing, a first home, or an investment opportunity, this stylish and inviting home offers comfort, location, and versatility.

380 Hunt Drive, Merritt Island
22 Ocean Street, Merritt Island
$339,900
3 Beds ⋅ 2 Baths ⋅ Merritt Ridge SubDv. ⋅ 32952 Zip Code
Virtually Staged. Welcome to this beautifully renovated 3-bedroom, 2-bath pool home, extensively updated in 2026 with a fresh, modern interior and numerous improvements throughout. This concrete-block residence offers a functional floor plan, an attached 1-car garage, public water and sewer, and NO HOA. Step inside to find new luxury vinyl plank (LVP) flooring throughout the main living areas and bedrooms, fresh interior paint, new baseboards, new interior doors, and updated light fixtures. The renovated kitchen features new cabinetry, quartz countertops, tile backsplash, new sink and faucet, and new Samsung appliances, including refrigerator, range, dishwasher, and microwave with hood. Both bathrooms have been fully updated with new flooring, tile, quartz countertops, vanities, sinks, faucets, fixtures, toilets, lighting, and fresh paint. The primary bedroom features a private ensuite bathroom and closet. Outside, enjoy your own screened-in pool and private outdoor retreat. The pool was refreshed in 2026 with epoxy refinishing, a new pump, new filter, and new lighting, along with a replaced screen enclosure (only the screen was replaced, not the structure). Fresh exterior paint and updated landscaping further enhance the home’s curb appeal. Additional improvements include a NEW WATER HEATER (2026), a 2019 shingle roof, central A/C, gutters, and an updated exterior wood door. The property also features a separate laundry room located behind the garage. With 2026 renovations, this move-in-ready Florida home combines modern finishes with comfortable everyday living. Schedule your private showing today! PLEASE NOTE: Renovations are currently in progress. All images are AI-generated/3D renderings provided for illustrative purposes only and represent the anticipated design and finishes. Actual completed features, materials, colors, and finishes may vary. Images are not photographs of the property’s current condition. Some pictures are virtually staged. Motivated Seller!

22 Ocean Street, Merritt Island
360 Fisher Lane, Merritt Island
$241,500
3 Beds ⋅ 2 Baths ⋅ Merritt Island Village SubDv. ⋅ 32953 Zip Code
*** OWNER MOTIVATED BRING ALL OFFERS***This completely remodeled 3-bedroom, 1.5-bathroom home offers a fresh, move-in-ready interior with thoughtful updates throughout. Major improvements include a new roof in 2026, HVAC system installed in 2022, and water heater replaced in 2023. Step inside to a bright and inviting floor plan featuring updated flooring, fresh finishes, modern fixtures, and a clean, contemporary design. The beautifully renovated kitchen features updated cabinetry, countertops, appliances, and plenty of space for everyday living and entertaining. Both bathrooms have been refreshed with modern finishes and fixtures, while all three bedrooms provide comfortable and flexible living space. With the remodeling already completed and major systems recently updated, this home is ready for its next owner to move in and enjoy. Outside, the property offers additional space for relaxing, entertaining, gardening, or creating your own backyard retreat.

360 Fisher Lane, Merritt Island
1455 Quince Avenue, Merritt Island
$249,900
3 Beds ⋅ 2 Baths ⋅ Harbor Estates Sec 3 SubDv. ⋅ 32952 Zip Code
This nice single-family home in Merritt Island is perfect for families. It has three bedrooms and two bathrooms. The eat-in kitchen is great for meals, and sliding glass doors lead to a screened patio in the backyard. The fenced yard offers privacy, and there are two carports for parking. There is also enough space for parking an RV/camper. With solar panels and a roof that is less than two years old, the home is energy-efficient. Located on a quiet cul-de-sac near Sykes Creek, it's just minutes from Cocoa Beach.

1455 Quince Avenue, Merritt Island
1515 Cunningham Avenue, Merritt Island
$218,900
2 Beds ⋅ 2 Baths ⋅ Harbor Estates Sec 1 SubDv. ⋅ 32952 Zip Code
Charming 2-bedroom, 2-bathroom single-family home located in the desirable Merritt Island area. This one-story home offers approximately 875 square feet of living space and sits on a spacious 0.17-acre lot. Located in the Harbor Estates Sec 1 subdivision with NO HOA, providing flexibility and convenience for the new owner. Enjoy the Merritt Island lifestyle with convenient access to local shopping, dining, recreation, and area attractions. Don't miss the opportunity to make this home your own!

1515 Cunningham Avenue, Merritt Island
265 Spring Dr Unit 1, Merritt Island
$167,900
2 Beds ⋅ 2 Baths ⋅ Summer Place Condominiums SubDv. ⋅ 32953 Zip Code
Welcome to an inviting opportunity in Summer Place, Merritt Island! This charming 2-bedroom, 2-bath first-floor corner/end-unit condo offers a comfortable layout, added privacy, and a convenient location close to everything that makes Merritt Island such a great place to call home. With additional windows throughout, the corner-unit location brings in plenty of natural light and creates a welcoming feel as you enter. The spacious layout features a large family room, separate dining area, inside laundry, and tile flooring throughout for easy everyday living and maintenance. Step through the family room onto the enclosed patio, the perfect spot to enjoy your morning coffee, relax in the evening, or simply have a little extra space to unwind. As a first-floor end unit, you'll enjoy the convenience of no stairs and only one upstairs neighbor, along with a small private backyard area that provides an added sense of privacy. The reasonably low HOA fee makes this an especially appealing opportunity for buyers looking for an affordable path to homeownership. Summer Place is a well-cared-for community with a central pool, playground, basketball court, and attractive lake area, creating a pleasant setting to enjoy the Florida lifestyle. The location is hard to beat. Just minutes from SR 528, you'll have easy access to Merritt Island's restaurants, shopping, entertainment, and everyday conveniences. Port Canaveral and numerous beaches are within approximately 30 minutes, while Orlando International Airport (MCO) is less than an hour away, making travel, work, and weekend getaways convenient. Whether you're a first-time homebuyer, looking to downsize, or searching for an affordable Central Florida property, this condo offers plenty of opportunity in a great location. And there may be more ways to make this home yours than you think! Multiple financing and down payment assistance options may be available to qualified buyers. Call today to learn more about available programs and see if you may qualify. Don't miss this opportunity to make Merritt Island your home. Schedule your private showing today!

265 Spring Dr Unit 1, Merritt Island
160 Carib Drive, Merritt Island
$306,000
3 Beds ⋅ 2 Baths ⋅ Belaire Unit No 3 SubDv. ⋅ 32952 Zip Code
160 Carib Dr is a one-story home on Merritt Island. New HVAC! The kitchen features stainless steel appliances, bright cabinetry, and light countertops with generous workspace for meal prep. An open living area connects to the rest of the layout. The primary bedroom is the largest of the bedrooms, with an attached bath and a tiled shower stall. Out back, a covered patio overlooks a fully fenced yard. An attached two-car garage adds parking and storage. Neutral interior finishes throughout. A 100-Day Home Warranty is included with buyer activation.

160 Carib Drive, Merritt Island
5515 Eagle Way, Merritt Island
$454,700
4 Beds ⋅ 2 Baths ⋅ Kings Park Unit 01 SubDv. ⋅ 32953 Zip Code
PROPERTY LOOK LIKE NEW CONSTRUCTION - Maintained and cared for like a favorite toy—ready to move in - home ready for its first owner!! Come fall in love with this modern, light and bright, open floor plan which details 4-bedrooms, 2-bathrooms and 2 car garage. Builder upgrades include Impact windows, stainless-steel Whirlpool appliances, quartz countertops, cabinets with 42'' upper cabinets and plank tile flooring throughout! a laundry with a wonderful coffee area. Owner's retreat features a tray ceiling, walk-in closet, dual sink vanity with quartz countertops, freestanding tub and shower with a frameless glass enclosure, fully fenced for privacy. *Great location, just minutes from Kennedy Space Center, 528 and Cocoa Beach. Schedule your private showing today!

5515 Eagle Way, Merritt Island
Start Your Search

How much is your home worth?

Get instant property value now!