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For SaleSingle Family Home
$500K
540 Barrett Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Floral Park Sec 1
4
Bedrooms
3
Bathrooms
2,110
Sq Ft
1966
Year Built
$237 /sqft

About This Property

Description from listing agent

SEEING IS BELIEVEING! This is one of those homes you truly need to see in person to appreciate everything it has to offer. Situated on a DESIRABLE CORNER LOT, this beautifully renovated, HANDICAPPED-ACCESSIBLE 3-bedroom, 2-bath home is packed with major updates including a NEW ROOF, THREE NEW A/C SYSTEMS, NEW HOT WATER HEATER, NEW FLOORING, NEW LIGHT FIXTURES, NEW STAINLESS STEEL APPLIANCES...PLUS - A $5,000 BUYER CREDIT! The kitchen is currently without cabinet doors and a dishwasher. Rather than making those choices for you, the seller is offering a $5,000 CREDIT so the new owner can complete the kitchen by adding their own personal finishing touches! OWNER FINANCING IS ALSO AVAILABLE FOR QUALIFIED BUYERS! Ask for details and see if this flexible financing option could help make this home yours. By The way...Did I Mention...THE IN-LAW SUITE? One of this home's biggest surprises is the PRIVATE IN-LAW SUITE WITH ITS OWN SEPARATE ENTRANCE...

Space Coast Context

🚀 Launch Viewing — Great Views

14.7 mi from SLC-40

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

Aerospace Commute Guide
SpaceX10.5 mi~23 min
Boeing/KSC10.7 mi~24 min
Lockheed10.8 mi~24 min
KSC11 mi~25 min
Blue Origin11.1 mi~25 min
Northrop16.7 mi~37 min
L3Harris18.6 mi~41 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
  • 8/28/26
    Price change
    $500K -0.0%
    $237/sqft
  • 8/20/26
    Price change
    $500K +0.2%
    $237/sqft
  • 7/26/26
    Price change
    $499K -5.8%
    $236/sqft
  • 6/1/26
    Listed
    $530K
    $251/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

Price history and market context for this listing.

Price Reductions
2 reductions
Originally listed at $529,900 · Cut $31,000 total
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
0.18 acres (7,841 sqft)
Full Baths
3
Days on Market
62
MLS Area
252 - N Banana River Dr.

Schools

Elementary

Audubon

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jun 28, 2026
Parcel #
24-37-30-95-0000d.0-0001.00
$500K

Listing Agent (for property info)

L
Lou R Tucciarone
EXP Realty, LLC
321-458-5313
Call Listing Agent

Estimated Monthly Payment

$3,284/mo
Principal & interest
$2,634
Property taxes
$500
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $500K price — down payment shown: $99,980.

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# 1079145

What's Nearby

fire stations
North Banana River Fire / Rescue Station 42
0.4 mi away
grocery
Walmart Supercenter
0.5 mi away
shopping
Banana River Market
0.6 mi away
restaurants
Bagel World and Deli
0.6 mi away
schools
Audubon Elementary School
0.8 mi away
pharmacies
Walgreens
0.9 mi away
restaurants
Steak 'n Shake
0.9 mi away
grocery
ALDI
0.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1079145 · 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.