$429,000
500 Sail Lane 403, Merritt Island, Fl 32953
Merritt Island, FL 32953
Listing updated: June 26, 2026 at 4:05 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Garage space
About this home
Merritt Island's Direct River most sought after condominium and the point building, 500 Sail Ln in Island Pointe! Light and bright, fun beachy decore with some furnishings negotiable. 3 Bedrooms, 2 baths, Primary Bedroom offering views of the River to wake up by, one bedroom currently used as an office with Murphy bed, and 3rd bedroom with private bath access. Large balcony offers relaxing space to unwind and includes remote control hurricane shutters. Dec 2018/2019 A/C, extra flooring available, Front 2 bedroom windows are Impact. Assessments are all up to date on this unit. Milestone & SIRS complete--no assessment! Complex has large clubhouse w/ full kitchen, exercise room, sauna, 2 pools, hot tubs, tennis courts, pickle ball court & basketball court too. Close to shopping, restaurants and quick trip to the beach. Seller searching for Sale/couple of months Lease-back.
Local Insight
At $209/sqft for a 2005 waterfront condo with no HOA, this is competitively priced for the Merritt Island aerospace commute market—especially given that dual-income NASA/SpaceX households typically prioritize the 15–25 minute drive time over older construction. The real question is the building's deferred maintenance and reserve fund status, since 19-year-old waterfront condos in Florida require scrutiny on structural integrity and whether the no-HOA structure means residents are covering major repairs individually. The waterfront location is legitimate value if you're working in aerospace and want the launch-viewing upside, but confirm what that waterfront actually entails—canal, river, or open water—and whether flooding history or storm surge exposure factors into the price.
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: ActiveJun 9, 2026
- Listed$429,000Jun 9, 2026
- Price increased$429,000
Documents
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Subdivision
- Island Pointe Condo Ph 1c
- County
- Brevard
- Year built
- 2005
- Living area
- 2,048 sq ft
- Price/sq ft
- $209
- Building area
- 2,577 sq ft
- Lot size
- 1,307 sq ft
- Garage
- 1 spaces
- Parcel #
- 24-36-35-34-00000.0-0001.49
- MLS #
- 1078054
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
Parking
- Garage spaces
- 1
Exterior & Construction
- Waterfront
- Yes
Listing Details
- Listing date
- 2026-05-22
- On market date
- 2026-06-09
- Original list price
- $429,000
- Status changed
- 2026-06-09
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 4:05 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.
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Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
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