About This Property
Description from listing agentTucked away on beautiful Newfound Harbor, this property offers a rare opportunity to own a large waterfront homesite in one of Merritt Island's most sought-after locations. Set on .73 acres, the property combines privacy, space, and canal access to the Banana River. Launch a kayak, canoe, or paddleboard from your own backyard and spend your evenings watching dolphins and manatees pass by. Designed for enjoying the Florida lifestyle, the outdoor space features a large saltwater pool with waterfall, recently upgraded pump and saltwater filtration system, a widened driveway, and a substantial concrete pad with RV power. The expansive lot provides plenty of room for boats, RVs, trailers, and future possibilities while still offering a spacious, open feel. Whether you're entertaining guests, enjoying the water, or simply taking in the peaceful surroundings, this is a property that is difficult to replicate in today's market.
Space Coast Context
🚀 Launch Viewing — Great Views
17.2 mi from SLC-40
17.2 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.
Price History
- 6/18/26Listed$825K$246/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.
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
Get DirectionsAdditional Details
Schools
Elementary
Tropical
Middle School
Jefferson
High School
Merritt Island
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $4,347
- Property taxes
- $825
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $825K price — down payment shown: $165,000.
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.
