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For SaleSingle Family Home
$1.3M
1225 Faulkingham Road, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Banana River Drive Subd
3
Bedrooms
3
Bathrooms
2,776
Sq Ft
1983
Year Built
$468 /sqft

About This Property

Description from listing agent

*Rare Riverfront Sanctuary | 100' Frontage | No HOA | ½ Acre Private Lot, The Ultimate Florida Lifestyle* Tucked away on a secluded street of only ten homes, this extraordinary riverfront retreat offers nearly 100 feet of direct water frontage and unobstructed views. Situated on a lush half-acre lot and far from the noise of main roads, this property represents a rare opportunity for true privacy and space in a premier waterfront setting. *Outdoor Living & Boater's Paradise* Designed for the entertainer, the outdoor oasis features: *• 75-Foot Dock:* Equipped with a boat lift for immediate river access. *• Screened Pool & Lanai:* An expansive 870-sq-ft covered area with a fully equipped outdoor kitchen. *• Waterfront Gazebo:* The perfect spot for amazing sunsets, cocktails, and endless river breezes. *Flexible & Character-Filled Interior* The main level's open-concept layout maximizes natural light and water views, featuring two guest bedrooms and a versatile *200-sq-ft flex space*--

Space Coast Context

🚀 Launch Viewing — Great Views

16.5 mi from SLC-40

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

Aerospace Commute Guide
SpaceX12.1 mi~27 min
Blue Origin12.2 mi~27 min
Lockheed12.3 mi~27 min
Boeing/KSC12.7 mi~28 min
KSC13.1 mi~29 min
Northrop14.6 mi~33 min
L3Harris16.5 mi~37 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
  • 7/9/26
    Price change
    $1.3M -3.7%
    $468/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 $1,299,982 · Cut $50,000 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
0.53 acres (23,087 sqft)
Full Baths
2
Half Baths
1
Total Rooms
9
Garage
3 car (attached)
Waterfront
Banana River
Pool
Yes
Days on Market
65
MLS Area
254 - Newfound Harbor

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
May 21, 2026
Parcel #
25-37-06-Cx-00000.0-0013.13
$1.3M

Listing Agent (for property info)

M
Marcie W Bolt
Engel&Voelkers Melb Beachside
321-750-4663
Call Listing Agent

Estimated Monthly Payment

$8,299/mo
Principal & interest
$6,849
Property taxes
$1,300
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $1.3M price — down payment shown: $259,996.

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# 1076444

Interested in this property?

Equal Housing Opportunity

MLS# 1076444 · Listing Broker: Engel&Voelkers Melb Beachside · 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.