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For SaleSingle Family Home
$535K
1240 Mercedes Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Twin Rivers Subdivision
3
Bedrooms
3
Bathrooms
2,350
Sq Ft
1994
Year Built
$228 /sqft

About This Property

Description from listing agent

Freshly updated and ready to enjoy in beautiful Twin Rivers! This spacious 3 bed PLUS office, 2.5 bath Merritt Island home features fresh interior paint, brand new kitchen appliances and a 3 car garage. A private flex space tucked away from the main living areas makes an ideal home office, nursery or personal retreat. Natural light fills the home, with vaulted ceilings and skylights enhancing the bright, airy feel of the inviting living room with wet bar. The spacious kitchen offers plenty of cabinet and counter space plus a breakfast nook, while a formal dining room and generous family room add to the comfortable, effortless flow. The primary suite opens to the enclosed lanai and features dual closets and a large bath with soaking tub, separate shower and dual sinks. Overlooking the lush backyard and mature trees, the lanai space adds a touch of tropical Florida charm. Twin Rivers also offers a community dock with a peaceful bench overlooking the water, perfect for watching sunsets.

Space Coast Context

🚀 Launch Viewing — Great Views

19.2 mi from SLC-40

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

Aerospace Commute Guide
Northrop12.2 mi~27 min
L3Harris14 mi~31 min
SpaceX14.7 mi~33 min
Blue Origin14.7 mi~33 min
Lockheed14.9 mi~33 min
Boeing/KSC15.3 mi~34 min
KSC15.6 mi~35 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
  • 9/21/26
    Listed
    $535K
    $228/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
No reductions
Listed price has not changed since hitting the market
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
0.36 acres (15,682 sqft)
Full Baths
2
Half Baths
1
Garage
3 car (attached)
HOA Fee
$500/mo
Days on Market
15
MLS Area
253 - S Merritt Island

Community & HOA

HOA

  • Name: Twin Rivers HOA
  • Fee: $500 / annually

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Sep 26, 2026
Parcel #
25-36-24-02-00000.0-0020.00
$535K

Listing Agent (for property info)

A
Andrew Barclay
Compass Florida, LLC
321-514-9862
Call Listing Agent

Estimated Monthly Payment

$4,004/mo
Principal & interest
$2,819
Property taxes
$535
Insurance & HOA
$650

Based on a 6.90% rate, 30-year loan, and $535K price — down payment shown: $107,000.

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# 1088138

What's Nearby

schools
New World Learning Center
1.8 mi away
schools
Thomas Jefferson Junior High School
2.6 mi away
pharmacies
Walgreens
2.7 mi away
restaurants
Flamingo Kava & Açaí Bar
2.7 mi away
fire stations
Rockledge Fire Department Station 3
2.7 mi away
government
Rockledge Post Office
2.7 mi away
restaurants
Starbucks
2.8 mi away
coffee shops
Starbucks
2.8 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1088138 · Listing Broker: Compass Florida, 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.