Island Pointe Condominium
Island Pointe Condominium — intercoastal / waterway condo on the Space Coast, $460K median sale, ~$1235/mo HOA.
Live the MaxLife.
$460K
Median Price
$318K – $500K
0
Homes
$1235–$1235
Monthly HOA
2005
Established
Brevard Public Schools (verify zoning by address)
School Zone
Island Pointe Condominium — Market Pulse
Active listings + recent-sold aggregates from the Stellar MLS, 32953 area · about $232/sq ft · aggregate statistics only, no addresses or individual listings published.
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Stellar MLS · 2026-04-26 · 3 closed sales
Recent market data
Median sold
$460,000
$318K – $500K
$/sqft
$202
Median DOM
42
days on market
HOA
$1235/mo
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Background
A brief history
Island Pointe Condominium sits on the intercoastal / lagoon waterway in Merritt Island. Built 2005. Direct waterway frontage with the amenity package below, which is the structural reason an intercoastal condo carries the HOA fee it does — the building is paying for shared dock / seawall / pool / fitness infrastructure that a single-family river-front lot would have to underwrite individually.
The feel
What it's like to live here
Waterway-front condo lifestyle in Merritt Island — direct sunset views over the Indian River Lagoon / waterway, beach / pool amenity, and the natural quiet that distinguishes the lagoon side from the noisier oceanfront.
The details
What to expect
Association amenities
24 listed amenities per MLS: Basketball Court, Cable TV, Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Insurance, Internet, Jogging Path, Maintenance Grounds, Maintenance Structure, Management - Full Time, Pest Control, Pickleball, Pool, Sauna, Security.
What the HOA fee covers
Per recent MLS: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Other, Pest Control, Security, Sewer, Trash, Water. Intercoastal condos typically bundle exterior maintenance, master insurance, and dock/seawall maintenance — verify reserve study before closing.
Views
Listings report views of: Bridge(s), Intracoastal, River, Water.
Waterfront features
Per MLS: Intracoastal, Navigable Water, River Front, Seawall.
Why intercoastal vs oceanfront
Intercoastal-side condos in this segment trade at a meaningful discount to direct-oceanfront product — typically 30–50% lower per square foot for similar age/sqft. The trade-off is no immediate beach access (a 5–15 minute walk or short drive to the closest crossing). What you get in exchange: dramatic sunset exposure, boat-water access if the building has dockage, a more sheltered insurance posture, and substantially lower HOA assessments because the building isn't underwriting full direct-Atlantic exposure.
Schools
Brevard Public Schools — feeder pattern depends on the specific address. Merritt Island families typically zone to mainland or beachside cluster schools. Verify with BPS School Locator. Intercoastal condo demographics skew seasonal / 55+ / second-home, so school zoning is informational for most buyers.
Insurance posture
Lagoon-side condos carry materially lower wind+flood exposure than direct-oceanfront. Master HOA policy typically covers building exterior; unit owner needs HO-6 (interior + contents). Verify the master policy details, deductibles, recent special assessments, and reserve study — these three numbers separate a healthy intercoastal association from a problem one.
Community
Amenities
- Basketball Court
- Cable TV
- Car Wash Area
- Clubhouse
- Elevator(s)
- Fitness Center
- Gated
- Insurance
- Internet
- Jogging Path
- Maintenance Grounds
- Maintenance Structure
- Management - Full Time
- Pest Control
- Pickleball
- Pool
- Sauna
- Security
- Sewer
- Spa/Hot Tub
- Tennis Court(s)
- Trash
- Trash Association Fee Includes: Cable TV
- Water
Know Before You Buy
HOA rules worth knowing
- HOA ~$1235/month
- Master insurance covers building exterior; unit owner needs HO-6 for interior + contents
- Verify reserve study + recent special assessments before closing
- Most Brevard intercoastal condos prohibit short-term (<30 day) rentals; some allow 7/14 day minimums — confirm with each association
- Pet policies vary widely between buildings — verify weight/breed limits per association
Education
School assignments
- Brevard Public Schools (verify zoning by address)
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
Recent closes: $318,000–$500,000 (3 sales in last 60 days). Median $460,000 at $202/sqft. HOA ~$1235/month. Intercoastal-side pricing in this segment runs roughly 30–50% under comparable direct-oceanfront product — the trade is no immediate beach access in exchange for boat-water, sunset exposure, and a meaningfully lower insurance + HOA carrying cost.
Active MLS Inventory
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Homes available in Island Pointe Condominium
12 homes currently listed in Island Pointe Condominium.
$175,000
240 Spring Drive 8, Merritt Island, Fl 32953
Merritt Island, FL 32953
2 bd · 2 ba · 1,037 sqft
Summer Place Condominium
MLS ID #1084550, RE/MAX Elite.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$114,500
160 Bounty St #A1-101
Merritt Island, FL 32952
2 bd · 1 ba · 704 sqft
Merritt Island Co-Op Apartments
This property is under contract. Contact us for backup offer opportunities.
MLS ID #O6372733, LPT REALTY, LLC.
Listing provided by Stellar MLS
$560,000
1655 S Shelter Trail, Merritt Island, Fl 32952
Merritt Island, FL 32952
3 bd · 2 ba · 1,630 sqft
Riviera Isles Unit 1 Replat
MLS ID #1084546, Real Broker, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$620,000
140 Sea Breeze Circle, Merritt Island, Fl 32953
Merritt Island, FL 32953
4 bd · 3 ba · 2,634 sqft
Villa De Palmas Unit 2
MLS ID #1084345, Veterans Realty Of Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$375,000
2205 Windsor Drive, Merritt Island, Fl 32952
Merritt Island, FL 32952
4 bd · 2 ba · 1,526 sqft
Holiday Cove Unit 5
This property is under contract. Contact us for backup offer opportunities.
MLS ID #1082434, Keller Williams Space Coast.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$898,000
380 Orion Court, Merritt Island, Fl 32953
Merritt Island, FL 32953
4 bd · 2 ba · 2,193 sqft
Diana Shores Unit No 3
This property is under contract. Contact us for backup offer opportunities.
MLS ID #1084061, Blue Marlin Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
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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 August 9, 2026. 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA