$2,259,000
700 Milford Point Drive, Merritt Island, Fl 32952
Merritt Island, FL 32952
Listing updated: June 11, 2026 at 4:49 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Garage spaces
About this home
One-of-a-kind Peninsula Waterfront Estate on Two Premium Lots.Welcome to a rare peninsula-tip estate on coveted Milford Point Drive in Merritt Island.Fully renovated in 2017, this 4,000+ sq. ft. residence combines classic coastal elegance w/modern upgrades.RECENTLY APPRAISED AT 2.4 MILLION! The property boasts direct river access, deep-water dockage,frontage on two waterways, one lot facing the open river and a second on a protected canal. Step inside to an open-concept plan filled w/ natural light:5 Bedrooms,4 Baths,Include 3 Master Suites/In law Suite & Office.Property has amazing AIRBNB Potential! Impact-rated (hurricane-protected)doors & windows w/ plantation shutters frame water views from nearly every room.The entertainer's kitchen opens to the main living area & features Thermador double ovens w/ 6 gas burners,as well as generous prep/storage space.Two premium lots one on the open river,one on the quiet canal,12,500-lb boat lift and dock on Deep Water Pelican Creek Comprehensive 2017 renovation -Three-zone HVAC -Impact windows/doors; plantation shutters throughout -Built-in wall units; garage shelving -Oversized two-car garage, plus storage shed and woodworking shop -Lush tropical landscaping.Outdoors, relax under the palms on the spacious porch and enjoy panoramic vistas, watch rocket launches from Kennedy Space Center, and cruise ships gliding by right from home -Multiple vantage points to watch rocket launches from home. Abundant Wildlife! Fish, Manatees and Dolphins out your back door! This is more than a home; it's a private waterfront retreat for boaters, space-launch enthusiasts, and anyone who values privacy, luxury, and an unparalleled location.
Local Insight
At $559/sqft for a 1985 waterfront build on just 0.18 acres, you're paying a premium that's sustained by proximity to KSC and the aerospace employer cluster—this location works financially only if that commute advantage or launch-viewing appeal justifies the price relative to newer construction inland. The tight lot size means you're buying waterfront access and neighborhood identity more than land depth, so inspect the foundation, roof, and systems carefully on a 40-year-old home before committing to this price point. This is a strong hold for dual-income aerospace households with a sub-20-minute commute in mind, but it's not a value play if you're flexible on location or don't benefit from the KSC proximity.
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
- Price reduced$2,259,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Subdivision
- Milford Point Beach Subd
- County
- Brevard
- Year built
- 1985
- Living area
- 4,040 sq ft
- Price/sq ft
- $559
- Building area
- 0 sq ft
- Lot size
- 7,841 sq ft
- Garage
- 2 spaces
- MLS #
- 1066753
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 4
Parking
- Garage spaces
- 2
Exterior & Construction
- Waterfront
- Yes
Listing Details
- Original list price
- $2,300,000
Location
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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Based on information submitted to the MLS GRID as of June 11, 2026 at 4:49 PM 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.
Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
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