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For SaleCondominium
$447K
343 N Tropical Trail #404, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Island Cove Condo Ph 1
3
Bedrooms
2
Bathrooms
1,863
Sq Ft
1990
Year Built
$240 /sqft

About This Property

Description from listing agent

NOT YOUR COOKIE-CUTTER CONDO | TOP FLOOR | VAULTED CEILINGS | RIVER VIEWS Welcome to Island Cove, a gated riverfront community known for its peaceful, quiet and tranquil setting. This top-floor residence offers a spacious, airy feel with soaring vaulted ceilings, beautiful natural light and a level of privacy that is hard to find in condo living. Positioned on the top floor in a secure building, this unit feels elevated in every sense of the word. Enjoy gorgeous river views while living with no neighbors above you, creating the quiet atmosphere so many buyers are searching for. The vaulted ceilings completely transform the feel of the home, making it open, bright and inviting in a way lower-floor units simply cannot replicate. Major peace of mind comes with a 2026 indoor HVAC unit with transferable warranty, private garage, plus a newer roof on the building. Island Cove offers resort-style amenities including a pool, hot tub, clubhouse, gym and more. Schedule your showing today!

Space Coast Context

🚀 Launch Viewing — Great Views

15.9 mi from SLC-40

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

Aerospace Commute Guide
KSC11.3 mi~25 min
Boeing/KSC11.4 mi~25 min
SpaceX12 mi~27 min
Lockheed12.4 mi~28 min
Blue Origin12.9 mi~29 min
Northrop17 mi~38 min
L3Harris18.7 mi~42 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
  • 7/9/26
    Price change
    $447K -0.2%
    $240/sqft
  • 7/3/26
    Price change
    $448K -0.2%
    $240/sqft
  • 6/27/26
    Price change
    $449K -0.2%
    $241/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

Based on 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
40.6% above median
Median comparable close: $318,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
86.8% of list price
At that rate, a competitive offer ≈ $387,808
Price Reductions
3 reductions
Originally listed at $449,000 · Cut $3,000 total
See & adjust the 2 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.

Additional Details

Lot Size
0.19 acres (8,276 sqft)
Full Baths
2
Garage
1 car
HOA Fee
$1026.26/mo
Waterfront
Indian River
Days on Market
64
MLS Area
251 - Central Merritt Island

Community & HOA

HOA

  • Name: Clover Key
  • Fee: $1,026.26 / monthly

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
May 22, 2026
Parcel #
24-36-26-00-00512.A-0000.00
$447K

Listing Agent (for property info)

S
Sarah Rekab
Blue Marlin Real Estate
407-779-6288
Call Listing Agent

Estimated Monthly Payment

$3,978/mo
Principal & interest
$2,355
Property taxes
$447
Insurance & HOA
$1,176

Based on a 6.90% rate, 30-year loan, and $447K price — down payment shown: $89,400.

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# 1078019

Interested in this property?

Equal Housing Opportunity

MLS# 1078019 · Listing Broker: Blue Marlin 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.