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For SaleCondominium
$149K
205 Palmetto Avenue #714, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Sun Isle Condo Ph I
2
Bedrooms
2
Bathrooms
1,033
Sq Ft
1981
Year Built
$144 /sqft

About This Property

Description from listing agent

Beautifully renovated second floor unit is new from floor to ceiling and front to back, offering a new kitchen with stainless appliances, soft close cabinets a quartz countertop and decorative backsplash. Just off the kitchen is a minibar with cabinetry, shelving, and lighting. The dining area features a beautiful accent wall and modern lighting. Corner unit features additional windows for added lighting and two enclosed balconies with power and a storage closet. Bathrooms have been beautifully remodeled and include lighted vanities and modern fixtures. Luxury vinyl plank flooring throughout add to the low maintenance which also includes updated electrical, AC and water heater. Sun Isle is a 74-unit condo with only 27 private pool cabanas of which this unit owns one and is included in this sale. Community amenities include a pool, recreation area, car wash area and tennis/basketball court. Relax in a quiet neighborhood that is walking distance to dining, shopping and schools

Space Coast Context

🚀 Launch Viewing — Great Views

15.7 mi from SLC-40

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

Aerospace Commute Guide
KSC11.4 mi~25 min
Boeing/KSC11.4 mi~25 min
SpaceX11.7 mi~26 min
Lockheed12 mi~27 min
Blue Origin12.5 mi~28 min
Northrop16.6 mi~37 min
L3Harris18.4 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.

Offer Intelligence

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
49.0% above median
Median comparable close: $100,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
83.3% of list price
At that rate, a competitive offer ≈ $124,167
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.05 acres (2,178 sqft)
Full Baths
2
Stories
2
Total Rooms
6
HOA Fee
$506.22/mo
Days on Market
146
MLS Area
251 - Central Merritt Island

Community & HOA

HOA

  • Name: Sun Isle Condo Assoc
  • Fee: $506.22 / monthly

Schools

Elementary

Mila

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Apr 7, 2026
Parcel #
24-36-35-00-00018.4-0000.00
$149K

Listing Agent (for property info)

T
Theresa Friend
RE/MAX Elite
321-537-0777
Call Listing Agent

Estimated Monthly Payment

$1,590/mo
Principal & interest
$785
Property taxes
$149
Insurance & HOA
$656

Based on a 6.90% rate, 30-year loan, and $149K price — down payment shown: $29,800.

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# 1073964

What's Nearby

schools
Edgewood Jr/Sr High School
0.2 mi away
schools
Edgewood Jr/Sr High School
0.2 mi away
schools
Edgewood Junior Senior High School
0.2 mi away
home improvement
The Home Depot
0.2 mi away
restaurants
Starbucks
0.2 mi away
coffee shops
Starbucks
0.2 mi away
restaurants
KFC
0.2 mi away
schools
Faith Lutheran Preschool and Kindergarten
0.3 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1073964 · Listing Broker: RE/MAX Elite · 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.