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For SaleSingle Family Home
$313K
4381 Timothy Drive, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Osprey Village at Cedar Creek Ph II
3
Bedrooms
2
Bathrooms
1,732
Sq Ft
2003
Year Built
$181 /sqft

About This Property

Description from listing agent

Beautiful 3-bedroom, 2-bathroom, 2 car garage, CBS block home located in the amazing 55+ gated community of Osprey Village at Cedar Creek on North Merritt Island. Front row seats for rocket launches and Close to the beach, the property backs up to wetlands that are connected to Sykes Creek, so you can watch jumping fish and beautiful birds from your spacious screened patio that features an outdoor kitchen and beautiful stone flooring. The spacious primary suite features two walk in closets and a spacious master bathroom as well! The other two bedrooms and guest bath offer plenty of room for visiting friends or family. Beautiful open kitchen, high ceilings and large sliding glass doors to spacious screened Patio add to the bright and open feel of this wonderful home. The sparkling community pool is just steps from your front door. The association takes care of all the yard work and landscaping, outside painting and roof replacement, as well as internet and cable TV. Easy living awaits!

Space Coast Context

🚀 Launch Viewing — Great Views

11.5 mi from SLC-40

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

Aerospace Commute Guide
KSC6.4 mi~14 min
Boeing/KSC6.6 mi~15 min
SpaceX8.4 mi~19 min
Lockheed8.9 mi~20 min
Blue Origin10.2 mi~23 min
Northrop21.6 mi~48 min
L3Harris23.4 mi~52 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
  • 6/10/26
    Price change
    $313K -6.6%
    $181/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
1 reduction
Originally listed at $312,990 · Cut $22,010 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
0.2 acres (8,712 sqft)
Full Baths
2
Total Rooms
1
Garage
2 car
HOA Fee
$610/mo
Waterfront
Sykes Creek
Senior Community
Yes
Days on Market
119
MLS Area
250 - N Merritt Island

Community & HOA

HOA

  • Name: Osprey Village COA
  • Fee: $610 / monthly

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Apr 30, 2026
Parcel #
24-36-02-Nj-0000i.0-0003.00
$313K

Listing Agent (for property info)

C
Chris Arutt
Premium Properties Real Estate
305-725-3339
Call Listing Agent

Estimated Monthly Payment

$2,722/mo
Principal & interest
$1,649
Property taxes
$313
Insurance & HOA
$760

Based on a 6.90% rate, 30-year loan, and $313K price — down payment shown: $62,598.

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# 1076023

What's Nearby

gas stations
Shell
1.5 mi away
restaurants
Red Wagon BBQ
2.2 mi away
restaurants
Dunkin' Donuts
2.3 mi away
restaurants
Starbucks
2.5 mi away
coffee shops
Starbucks
2.5 mi away
restaurants
Sonic
2.7 mi away
schools
Lewis Carroll Elementary School
2.7 mi away
fire stations
Courtenay Fire / Rescue Station 40
2.8 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1076023 · Listing Broker: Premium Properties 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.