$153,000
340 Schoolhouse Lane, Merritt Island, Fl 32953
Merritt Island, FL 32953
Listing updated: June 26, 2026 at 10:49 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
About this home
Merritt Island opportunity with location curb appeal and strong potential. This two bedroom one and a half bath home is situated on a sidewalk lined street with a cul de sac at the end. The oversized driveway accommodates two vehicles plus a spacious carport with additional parking available. Conveniently located within walking distance to Target, Dollar Store, fast food options and everyday essentials. Inside the home features white kitchen cabinets natural light tile flooring in the main living areas and a functional layout ready for updates or personalization. The backyard is fenced on three sides and offers flexible outdoor space for a variety of uses or future improvements. Enjoy a Space Coast highlight with views of rocket launches from home. This property is ideal for buyers looking to personalize invest or build equity in a Merritt Island location close to shopping dining and daily conveniences.
Local Insight
At $141/sqft for a 1962 two-bedroom on a modest 0.17-acre lot with no HOA, this is entry-level pricing that reflects the home's age and size rather than a steal—you're paying for location and the aerospace commute advantage, not condition or square footage. The real value proposition here is unbeatable proximity to Kennedy Space Center and the dual-income aerospace workforce that keeps Merritt Island demand steady, but you'll want to budget for updates since the home is over 60 years old and likely won't have modern systems. This works best as a first-time buy or investment play for someone working in the space industry who values a 15-minute commute over house size.
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 history
- Status: ActiveJan 13, 2026
- Listed$153,000Jan 13, 2026
- Price increased$153,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Subdivision
- Merritt Island Village
- County
- Brevard
- Year built
- 1962
- Living area
- 1,088 sq ft
- Price/sq ft
- $141
- Building area
- 0 sq ft
- Lot size
- 7,405 sq ft
- Parcel #
- 24-36-23-25-00000.0-0022.00
- MLS #
- 1066288
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 1
- Half bathrooms
- 1
Parking
- Garage spaces
- 0
Listing Details
- Listing date
- 2026-01-12
- On market date
- 2026-01-13
- Original list price
- $153,000
- Status changed
- 2026-01-13
Location
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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 26, 2026 at 10:49 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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