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For SaleSingle Family Home
$689K
1377 Otter Lane, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Otter Trace
4
Bedrooms
3
Bathrooms
2,836
Sq Ft
1995
Year Built
$243 /sqft

About This Property

Description from listing agent

STUNNING! This meticulously maintained residence offers the perfect blend of luxury, comfort & natural beauty. Nestled on over half an acre of lush tropical landscaping, the home is surrounded by mature palms and vibrant foliage, creating a serene, private retreat. Every detail inside and out has been carefully curated with high-end finishes & thoughtful design. This home features a formal living & dining area, a custom kitchen with Wellborn wood cabinets, gas range, glass tile backsplash & a spacious eat-in area. Adjacent to the kitchen is a stunning family room w/ soaring ceilings, a gas fireplace & a view to the sparkling solar-heated saltwater pool & expansive patio areas. Just steps from the pool is the primary suite offering a seamless connection between indoor comfort & resort-style outdoor living. With 3 additional bedrooms, this property has all the space you need. Whole house generator, hurricane shutters, surround sound, plantation shutters, 3car garage & so much more!

Space Coast Context

🚀 Launch Viewing — Great Views

10.2 mi from SLC-40

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

Aerospace Commute Guide
KSC5 mi~11 min
Boeing/KSC5.2 mi~12 min
SpaceX7.4 mi~16 min
Lockheed8 mi~18 min
Blue Origin9.6 mi~21 min
Northrop22.8 mi~51 min
L3Harris24.7 mi~55 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
  • 10/16/25
    Listed
    $689K
    $243/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 4 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
20.7% above median
Median comparable close: $571,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.8% of list price
At that rate, a competitive offer ≈ $674,137
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 4 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
0.6 acres (26,136 sqft)
Full Baths
3
Garage
3 car (attached)
HOA Fee
$150/mo
Pool
Yes
Days on Market
266
MLS Area
250 - N Merritt Island

Community & HOA

HOA

  • Name: Otter Trace HOA
  • Fee: $150 / annually

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Oct 17, 2025
Parcel #
23-36-25-50-00000.0-0027.00
$689K

Listing Agent (for property info)

S
Shari L Abbott
BHHS Florida Realty
321-427-3658
Call Listing Agent

Estimated Monthly Payment

$4,619/mo
Principal & interest
$3,630
Property taxes
$689
Insurance & HOA
$300

Based on a 6.90% rate, 30-year loan, and $689K price — down payment shown: $137,800.

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# 1059841

Interested in this property?

Equal Housing Opportunity

MLS# 1059841 · Listing Broker: BHHS Florida Realty · 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.