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For SaleSingle Family Home
$1.5M
420 Milford Point Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Milford Point Beach Subd
3
Bedrooms
4
Bathrooms
1,608
Sq Ft
1980
Year Built
$963 /sqft

About This Property

Description from listing agent

If Florida had a home, this would be it. Completely renovated, this elevated stilt home sits directly on the Banana River with wide open water views and direct access to Port Canaveral. Enjoy everything the Space Coast has to offer, from dolphins and manatees in your backyard to rocket launches overhead. A private dock with boat lift makes getting out on the water a breeze. Inside, the home offers 3 bedrooms, 2 full baths, and 2 half baths with an open layout centered around a chef's kitchen featuring quartz countertops and stainless steel appliances, flowing into the main living and dining areas with the river views front and center. The primary suite includes a private balcony overlooking the water. Outside, enjoy a pool, stone fireplace, and a paver driveway set within a well maintained yard. A detached air conditioned flex space with river views offers options for an office, studio, or additional living area. Well updated and positioned for true waterfront living.

Space Coast Context

🚀 Launch Viewing — Great Views

14.7 mi from SLC-40

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

Aerospace Commute Guide
SpaceX10.3 mi~23 min
Lockheed10.6 mi~24 min
Blue Origin10.7 mi~24 min
Boeing/KSC10.8 mi~24 min
KSC11.2 mi~25 min
Northrop16.5 mi~37 min
L3Harris18.4 mi~41 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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
  • 6/27/26
    Price change
    $1.5M -3.2%
    $963/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
1 reduction
Originally listed at $1,549,000 · Cut $50,900 total
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
0.29 acres (12,632 sqft)
Full Baths
2
Half Baths
2
Garage
1 car
Fireplaces
1
Waterfront
Banana River
Pool
Yes
Days on Market
107
MLS Area
252 - N Banana River Dr.

Schools

Elementary

Audubon

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Apr 1, 2026
Parcel #
24-37-30-01-00000.0-0018.00
$1.5M

Listing Agent (for property info)

K
Keith Krodel
Reef Realty Florida LLC
321-536-7338
Call Listing Agent

Estimated Monthly Payment

$9,860/mo
Principal & interest
$8,161
Property taxes
$1,549
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $1.5M price — down payment shown: $309,800.

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# 1073507

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Equal Housing Opportunity

MLS# 1073507 · Listing Broker: Reef Realty Florida LLC · 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.