$279,900
514 Palm Avenue
Merritt Island, FL 32952
Listing updated: June 23, 2026 at 8:25 AM ET
Listing courtesy of Pastermack Real Estate · Toni Pastermack · MLS #O6391708 · Active · 321-452-7785Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.
Local Insight
At $242/sqft for a 1959 four-bedroom on a modest 0.17-acre lot with no flood risk, this is competitively priced for Merritt Island's aerospace commuter market—you're essentially paying for proximity to Kennedy Space Center and the dual-income stability that keeps values firm here. The real trade-off is the age and size; at 1,156 sqft, you're getting efficient space, but older construction typically means foundation, electrical, or HVAC considerations worth inspecting carefully before closing. If you work in aerospace and value a 15–20 minute commute over Brevard County's sprawl, this hits the value sweet spot, but if you're buying purely for investment appreciation, the modest square footage and vintage build limit your upside.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history97 days on market
- Status: ActiveMar 18, 2026
- Listed$315,000Mar 18, 2026
- Price reduced$279,900
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 97
- Subdivision
- Merritt Ridge Sheet 03
- County
- Brevard
- Year built
- 1959
- Living area
- 1,156 sq ft
- Price/sq ft
- $242
- Building area
- 1,399 sq ft (Public Records)
- Lot size
- 7,405 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12009C0427H)
- Annual taxes
- $846 (2025)
- Parcel #
- 24 3635-78-F-19
- Zoning
- RU19
- MLS #
- O6391708
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 2
- Flooring
- Tile
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom
- Laundry
- Electric Dryer Hookup, Inside, Washer Hookup
- Stories / Levels
- One
- Direction faces
- South
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Driveway
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Sliding Doors
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | |
| Living Room | First | |
| Primary Bedroom | First | |
| Bedroom 2 | First | |
| Bedroom 3 | First | |
| Bedroom 4 | First |
Listing Details
- Listing date
- 2026-03-18
- On market date
- 2026-03-18
- Original list price
- $315,000
- Occupant type
- Vacant
- MLS area
- 32952 - Merritt Island
- Listing AOR
- Orlando Regional
- Status changed
- 2026-03-18
- Tax legal description
- MERRITT RIDGE SHEET 3 LOT 19 BLK F
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
South of Fortenberry and North of Cone Rd on S Plumosa St. West on Kennwood Ave. Left on Indian St. Right on Palm Ave. Home is about a block down on the right.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 23, 2026 at 8:25 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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