For SaleSingle Family Home
$450K
2520 Millrace Way, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Watermill
4
Bedrooms
3
Bathrooms
3,100
Sq Ft
1991
Year Built
$145 /sqft

About This Property

Description from listing agent

Incredible opportunity for the DIYers & Professional Flippers to create instant equity. This big 4 bedroom 3 bath home with large media/bonus room needs updating and repairs. Transform this beauty with your own special touches and create space for the entire family. Located in the highly sought after Watermill Estates. Close to shopping, schools, parks, the beach and NASA.

Space Coast Context

🚀 Launch Viewing — Great Views

18.3 mi from SLC-40

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

Aerospace Commute Guide
Northrop13.1 mi~29 min
SpaceX13.9 mi~31 min
Blue Origin14 mi~31 min
Lockheed14.1 mi~31 min
Boeing/KSC14.4 mi~32 min
KSC14.7 mi~33 min
L3Harris15 mi~33 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 5/30/26
    Listed
    $450K
    $145/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
0.34 acres (14,810 sqft)
Full Baths
3
Garage
2 car (attached)
Fireplaces
1
HOA Fee
$270/mo
Days on Market
93
MLS Area
253 - S Merritt Island

Community & HOA

HOA

  • Name: Watermill Association
  • Fee: $270 / annually

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
May 30, 2026
Parcel #
25-36-13-27-00000.0-0001.00
$450K

Listing Agent (for property info)

C
Chuck E Bennett
Coldwell Banker Realty
321-863-2126
Call Listing Agent

Estimated Monthly Payment

$3,241/mo
Principal & interest
$2,371
Property taxes
$450
Insurance & HOA
$420

Based on a 6.90% rate, 30-year loan, and $450K price — down payment shown: $90,000.

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# 1078630

What's Nearby

schools
Thomas Jefferson Junior High School
1.6 mi away
schools
New World Learning Center
1.8 mi away
fire stations
Merritt Island Airport Fire / Rescue Station 43
2.0 mi away
schools
Tropical Elementary School
2.2 mi away
government
Rockledge Post Office
2.6 mi away
shopping
Speedway
2.7 mi away
fire stations
Rockledge Fire Department Station 3
2.7 mi away
restaurants
McDonald's
2.8 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1078630 · Listing Broker: Coldwell Banker Realty · 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.