About This Property
Description from listing agentMerritt Island's Direct River most sought after condominium and the point building, 500 Sail Ln in Island Pointe! Light and bright, fun beachy decore with some furnishings negotiable. 3 Bedrooms, 2 baths, Primary Bedroom offering views of the River to wake up by, one bedroom currently used as an office with Murphy bed, and 3rd bedroom with private bath access. Large balcony offers relaxing space to unwind and includes remote control hurricane shutters. Dec 2018/2019 A/C, extra flooring available, Front 2 bedroom windows are Impact. Assessments are all up to date on this unit. Milestone & SIRS complete--no assessment! Complex has large clubhouse w/ full kitchen, exercise room, sauna, 2 pools, hot tubs, tennis courts, pickle ball court & basketball court too. Close to shopping, restaurants and quick trip to the beach. Seller searching for Sale/couple of months Lease-back.
Space Coast Context
🚀 Launch Viewing — Great Views
16.2 mi from SLC-40
16.2 miles from SLC-40 — clear launch views from your yard or roof on most days.
Estimates only — verify with Google Maps.
Flood 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.
Offer Intelligence
Based on 6 comparable sales in this area in the last 180 days.
See & adjust the 6 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.
Location
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Community & HOA
HOA
- Name: Island Pointe CondominiumView HOA Profile →
- Fee: $1,235 / monthly
Schools
Elementary
Mila
Middle School
Jefferson
High School
Merritt Island
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $2,260
- Property taxes
- $429
- Insurance & HOA
- $1,385
Based on a 6.90% rate, 30-year loan, and $429K price — down payment shown: $85,800.
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.
