1 / 50
For SaleCondominium
$798K
202 Ivory Coral Lane #201, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Cape Crossing
4
Bedrooms
3
Bathrooms
1,896
Sq Ft
2020
Year Built
$421 /sqft

About This Property

Description from listing agent

Two units! You can rent out one and live in the other. The pictures speak for themselves on this one, but let me tell you more! Your very own piece of waterfront paradise awaits for you on the Space Coast at Cape Crossing Resort. This stunning 4 bedroom 3 bath condo is full furnished and boasts luxurious finishes making it perfect for residing in full-time, part-time or for an income producing vacation rental. Sit peacefully on your oversized private balcony with views of wildlife, the marina and rocket launches. This unit FEATURES the 4th bedroom in a private suite (lockout) with private balcony, kitchenette and entrance, perfect for guest or additional income. Cape Crossing has amenities galore! The generously sized pool is heated year round, with a large deck, plenty of seating, stocked gym and sauna.

Space Coast Context

🚀 Launch Viewing — Great Views

13.3 mi from SLC-40

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

Aerospace Commute Guide
KSC8.3 mi~18 min
Boeing/KSC8.5 mi~19 min
SpaceX9.9 mi~22 min
Lockheed10.4 mi~23 min
Blue Origin11.4 mi~25 min
Northrop19.9 mi~44 min
L3Harris21.7 mi~48 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.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.02 acres (871 sqft)
Full Baths
3
Stories
5
Garage
1 car
HOA Fee
$1170.38/mo
Waterfront
Yes
Days on Market
183
MLS Area
250 - N Merritt Island

Community & HOA

HOA

  • Name: CAPE CROSSING, A CONDOMINUM
  • Fee: $1,170.38 / monthly

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jan 15, 2026
Parcel #
24-36-11-00-05060.8-0000.00
$798K

Listing Agent (for property info)

N
Nichole Demeter
Real Broker, LLC
321-427-5724
Call Listing Agent

Estimated Monthly Payment

$6,323/mo
Principal & interest
$4,205
Property taxes
$798
Insurance & HOA
$1,320

Based on a 6.90% rate, 30-year loan, and $798K price — down payment shown: $159,600.

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# 1066541

Interested in this property?

Equal Housing Opportunity

MLS# 1066541 · Listing Broker: Real Broker, 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.