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For SaleSingle Family Home
$235K
513 Falmouth Avenue, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Merritt Ridge Sheet 2
4
Bedrooms
1
Bathrooms
837
Sq Ft
1957
Year Built
$281 /sqft

About This Property

Description from listing agent

This cherished generational home has been lovingly owned by the same family and passed from one generation to the next, filled with wonderful stories and lasting memories. Thoughtful upgrades over the years include whole-house electrical wiring replacement with surge protection (August 2026), a 2012 roof, full replumbing, a 3-year-old HVAC system, RV hookup in the carport, impact windows in all bedrooms, newer gutters, freshly painted kitchen cabinets, plus an enclosed porch and carport. Original terrazzo flooring runs throughout, complemented by an extra-wide driveway perfect for guests and RVs. The spacious backyard is ready and waiting for your dream pool. Enjoy classic Florida living on the Space Coast--close to beaches, parks, shopping, and everything Merritt Island has to offer. A true forever home ready for its next chapter!

Space Coast Context

🚀 Launch Viewing — Great Views

16.3 mi from SLC-40

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

Aerospace Commute Guide
Boeing/KSC12 mi~27 min
KSC12.1 mi~27 min
SpaceX12.2 mi~27 min
Lockheed12.5 mi~28 min
Blue Origin12.8 mi~29 min
Northrop15.8 mi~35 min
L3Harris17.6 mi~39 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
  • 9/4/26
    Listed
    $235K
    $281/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
0.18 acres (7,841 sqft)
Full Baths
1
Total Rooms
6
Days on Market
1
MLS Area
253 - S Merritt Island

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Sep 4, 2026
Parcel #
24-36-35-77-0000i.0-0007.00
$235K

Listing Agent (for property info)

C
Carol A. McNamee
Florida East Coast Real Estate
321-431-6200
Call Listing Agent

Estimated Monthly Payment

$1,623/mo
Principal & interest
$1,238
Property taxes
$235
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $235K price — down payment shown: $47,000.

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# 1086845

What's Nearby

grocery
Publix
0.5 mi away
movie theaters
CMX Theatres
0.5 mi away
shopping
Wawa
0.5 mi away
restaurants
Starbucks
0.5 mi away
coffee shops
Starbucks
0.5 mi away
restaurants
Chipotle
0.6 mi away
shopping
Merritt Square Mall
0.6 mi away
restaurants
KFC
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1086845 · Listing Broker: Florida East Coast Real Estate · 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.