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For SaleSingle Family Home
$725K
696 Millwheel Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Watermill
4
Bedrooms
3
Bathrooms
2,493
Sq Ft
1992
Year Built
$291 /sqft

About This Property

Description from listing agent

Just move-in and enjoy! :) The major updates have already been completed! Beautifully updated with 2493 square feet of living space - 4-bedroom, 3 full bath pool home in South Merritt Island with a dedicated den/office. Featuring a split floor plan with formal dining room, breakfast nook, and living room with tile feature wall w/electric fireplace. Updated kitchen with quartz countertops, stainless steel appliances, 42'' white cabinetry, large island, and soaring ceilings. Renovated primary bath offers a freestanding soaking tub, oversized walk-in shower, abundant storage, and walk-in closet. Wood-look tile flooring throughout, vaulted ceilings, plantation shutters and impact windows and doors. Screened, heated salt pool/spa with covered lanai perfect for entertaining, overlooking a private backyard. Extended 2-car garage. Major updates include 2021 roof, 2023 septic system, 2024 pool heater & pool pump, well for irrigation, and new washer and dryer included. Low HOA! NO Flood Zone

Space Coast Context

🚀 Launch Viewing — Great Views

18.3 mi from SLC-40

18.3 miles from SLC-40 — clear launch views from your yard or roof on most days.

Aerospace Commute Guide
Northrop13.3 mi~30 min
SpaceX13.8 mi~31 min
Blue Origin14 mi~31 min
Lockheed14.1 mi~31 min
Boeing/KSC14.3 mi~32 min
KSC14.6 mi~33 min
L3Harris15.1 mi~34 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 8/6/26
    Listed
    $725K
    $291/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 7 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
14.9% above median
Median comparable close: $630,900 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
98.5% of list price
At that rate, a competitive offer ≈ $714,017
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 7 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.35 acres (15,246 sqft)
Full Baths
3
Total Rooms
13
Garage
2 car
Fireplaces
1
HOA Fee
$279.75/mo
Pool
Yes
Days on Market
21
MLS Area
253 - S Merritt Island

Community & HOA

HOA

  • Name: Watermill Association, Inc.
  • Fee: $279.75 / annually

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Aug 6, 2026
Parcel #
25-36-13-27-00000.0-0044.00
$725K

Listing Agent (for property info)

C
Camille Anne Horvath
EXP Realty, LLC
321-427-5807
Call Listing Agent

Estimated Monthly Payment

$4,975/mo
Principal & interest
$3,820
Property taxes
$725
Insurance & HOA
$430

Based on a 6.90% rate, 30-year loan, and $725K price — down payment shown: $145,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1084285

What's Nearby

schools
Thomas Jefferson Junior High School
1.5 mi away
schools
New World Learning Center
1.8 mi away
fire stations
Merritt Island Airport Fire / Rescue Station 43
1.9 mi away
schools
Tropical Elementary School
2.1 mi away
government
Rockledge Post Office
2.6 mi away
shopping
Speedway
2.6 mi away
restaurants
McDonald's
2.7 mi away
fire stations
Rockledge Fire Department Station 3
2.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1084285 · Listing Broker: EXP Realty, LLC · 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.