About This Property
Description from listing agentDiscover an extraordinary opportunity to own a piece of Florida history--an iconic 6BR, 3BA, pool home that's been off the market for over 60 years. This is a rare opportunity with unmatched potential. Situated on 1.41 acres on a corner lot in the heart of S Merritt Island. Built in 1925, this historic home exudes authentic Southern Florida charm. Perched on a hill, it offers remarkable privacy & is surrounded by mature mango trees. The property features an attached 2 car & an oversized 3 car detached garage. This residence offers a unique advantage--a forever easement to a boat ramp on Honeymoon Lake--providing direct access to the Indian River Lagoon. The land itself is a developer's dream, with the potential to subdivide into 3 separate lots, offering an incredible opportunity to build a private estate or capitalize on the area's growth. The residence does have deferred maintenance which can suggest a blank canvas for this once in a lifetime opportunity to craft your legacy.
Space Coast Context
🚀 Launch Viewing — Good Views
20.3 mi from SLC-40
20.3 miles from SLC-40 — visible on clear days, especially at night.
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.
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
- $3,688
- Property taxes
- $700
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $700K price — down payment shown: $140,000.
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.
