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For SaleSingle Family Home
$560K
1260 Tropical Cove Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: South Tropical Cove
4
Bedrooms
3
Bathrooms
2,183
Sq Ft
1994
Year Built
$257 /sqft

About This Property

Description from listing agent

PRICE REDUCTION on this MOVE-IN READY .34-acre pool home situated on a corner lot in the desirable location of South Merritt Island, features 4 bedrooms, 2 full baths and 1 half bath. The Primary bedroom is on the first floor with 2 large walk-in in closets, double vanities, separate garden tub and shower. There are 3 additional bedrooms (all with new carpeting), and a full bath on the second floor. The formal Living room and Dining room's high ceilings feature abundant natural light. The kitchen is home to an oversized Island with breakfast bar, large pantry, all new stainless-steel appliances, new washer and dryer and a large gathering room with an open concept for entertaining. French doors take you out to the wonderful screened oversized pool area perfect for relaxing after a long day's work. Conveniently located near Port Canaveral, Brevard beaches, Kennedy Space Center & Orlando Int' Airport. Catch a glimpse of rocket launches from the lanai of your new home.

Space Coast Context

🚀 Launch Viewing — Great Views

19 mi from SLC-40

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

Aerospace Commute Guide
Northrop12.5 mi~28 min
L3Harris14.3 mi~32 min
SpaceX14.5 mi~32 min
Blue Origin14.5 mi~32 min
Lockheed14.7 mi~33 min
Boeing/KSC15.1 mi~34 min
KSC15.3 mi~34 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
  • 6/14/26
    Price change
    $560K -2.6%
    $257/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 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
9.7% below market
Median comparable close price: $620,000
Typical Offer Discount
97.0% of list price
At that rate, a competitive offer ≈ $543,325
Price Reductions
1 reduction
Originally listed at $560,000 · Cut $15,000 total
See & adjust the 3 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
0.34 acres (14,810 sqft)
Full Baths
2
Half Baths
1
Total Rooms
8
Garage
2 car (attached)
HOA Fee
$400/mo
Pool
Yes
Days on Market
34
MLS Area
253 - S Merritt Island

Community & HOA

HOA

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jun 13, 2026
Parcel #
25-36-24-03-00000.0-0005.00
$560K

Listing Agent (for property info)

J
Jeanette T Gannon
Surfside Properties & Mgmt.
321-506-5756
Call Listing Agent

Estimated Monthly Payment

$4,061/mo
Principal & interest
$2,951
Property taxes
$560
Insurance & HOA
$550

Based on a 6.90% rate, 30-year loan, and $560K price — down payment shown: $112,000.

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.

MLS# 1051753

Interested in this property?

Equal Housing Opportunity

MLS# 1051753 · Listing Broker: Surfside Properties & Mgmt. · 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.