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For SaleCondominium
$345K
480 Sail Lane #302, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Island Pointe Condo Ph 1A
3
Bedrooms
2
Bathrooms
2,048
Sq Ft
2004
Year Built
$168 /sqft

About This Property

Description from listing agent

Watch the dolphins and sail boats from your direct waterfront balcony on this 3rd floor of Island Point condominiums. Great views of the Indian River Intracoastal Waterway from this three-bedroom two- bath home with oversized main bedroom view. Also comes with a 1 car garage and plenty of additional parking. Island Point offers a resort style amenities, two heated pools, hot tub, basketball and Pickle, tennis courts, workout room, sauna and large clubhouse for the pool parties!. Near all the cool things Space Coast. 5 minutes to Historic Cocoa Village and 10 minutes to Cocoa beaches.

Space Coast Context

🚀 Launch Viewing — Great Views

16.1 mi from SLC-40

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

Aerospace Commute Guide
KSC11.5 mi~26 min
Boeing/KSC11.6 mi~26 min
SpaceX12.2 mi~27 min
Lockheed12.6 mi~28 min
Blue Origin13.1 mi~29 min
Northrop16.8 mi~37 min
L3Harris18.5 mi~41 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
  • 2/22/25
    Listed
    $345K
    $168/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
0.06 acres (2,614 sqft)
Full Baths
2
Garage
1 car
HOA Fee
$1235.81/mo
Waterfront
Indian River
Days on Market
136
MLS Area
251 - Central Merritt Island

Community & HOA

HOA

  • Name: Island Pointe
  • Fee: $1,235.81 / monthly

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Feb 20, 2026
Parcel #
24-36-35-00-00252.P-0000.00
$345K

Listing Agent (for property info)

J
James Trainor
Atlantic Properties & Inv, Inc
321-779-9999
Call Listing Agent

Estimated Monthly Payment

$3,549/mo
Principal & interest
$1,818
Property taxes
$345
Insurance & HOA
$1,386

Based on a 6.90% rate, 30-year loan, and $345K price — down payment shown: $69,000.

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# 1038079

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Equal Housing Opportunity

MLS# 1038079 · Listing Broker: Atlantic Properties & Inv, Inc · 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.