About This Property
Description from listing agentOne-of-a-kind Peninsula Waterfront Estate on Two Premium Lots.Welcome to a rare peninsula-tip estate on coveted Milford Point Drive in Merritt Island.Fully renovated in 2017, this 4,000+ sq. ft. residence combines classic coastal elegance w/modern upgrades.RECENTLY APPRAISED AT 2.4 MILLION! The property boasts direct river access, deep-water dockage,frontage on two waterways, one lot facing the open river and a second on a protected canal. Step inside to an open-concept plan filled w/ natural light:5 Bedrooms,4 Baths,Include 3 Master Suites/In law Suite & Office.Property has amazing AIRBNB Potential! Impact-rated (hurricane-protected)doors & windows w/ plantation shutters frame water views from nearly every room.The entertainer's kitchen opens to the main living area & features Thermador double ovens w/ 6 gas burners,as well as generous prep/storage space.Two premium lots one on the open river,one on the quiet canal,12,500-lb boat lift and dock on Deep Water Pelican Creek
Space Coast Context
🚀 Launch Viewing — Great Views
14.3 mi from SLC-40
14.3 miles from SLC-40 — clear launch views from your yard or roof on most days.
Estimates only — verify with Google Maps.
Flood 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
- 6/12/26Price change$2.3M -1.8%$559/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.
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.
Location
Get DirectionsAdditional Details
Schools
Elementary
Audubon
Middle School
Jefferson
High School
Merritt Island
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $11,902
- Property taxes
- $2,259
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $2.3M price — down payment shown: $451,800.
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.
