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For SaleSingle Family Home
$839K
5177 Royal Paddock Way, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: Chase Hammock Lakes
4
Bedrooms
3
Bathrooms
2,557
Sq Ft
2004
Year Built
$328 /sqft

About This Property

Description from listing agent

Watch and feel rocket launches from this beautiful 4 bedroom, 2.5 bath POOL home on a LAKE in North Merritt Island. Situated on a FULL ACRE in the highly sought-after Chase Hammock Lakes community, this property offers privacy, scenic lake views, and tropical landscaping backing up to a natural preserve. The gourmet kitchen features stunning quartz countertops, a professional-grade gas range, stainless steel appliances, a farmhouse sink, and plenty of space for cooking and entertaining. The outdoor living space is vast with a large screened-in pool and a fully equipped summer kitchen--perfect for entertaining or relaxing. With an open floor plan, split bedrooms, high ceilings, and abundant storage throughout, this home offers both elegance and functionality. A must-see property that perfectly blends comfort, style, and Florida living at its finest. Just minutes from the Kennedy Space Center and all of the attractions- as well as beaches! This property has it all.

Space Coast Context

🚀 Launch Viewing — Great Views

10.1 mi from SLC-40

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

Aerospace Commute Guide
KSC5 mi~11 min
Boeing/KSC5.1 mi~11 min
SpaceX7.2 mi~16 min
Lockheed7.8 mi~17 min
Blue Origin9.3 mi~21 min
Northrop22.7 mi~51 min
L3Harris24.6 mi~55 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
  • 7/9/26
    Price change
    $839K -1.3%
    $328/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
24.3% above median
Median comparable close: $675,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.1% of list price
At that rate, a competitive offer ≈ $814,856
Price Reductions
1 reduction
Originally listed at $839,000 · Cut $11,000 total
See & adjust the 1 comparable sale 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
1 acres (43,560 sqft)
Full Baths
2
Half Baths
1
Garage
3 car (attached)
HOA Fee
$1803/mo
Waterfront
Canal Non-Navigation
Pool
Yes
Days on Market
99
MLS Area
250 - N Merritt Island

Community & HOA

HOA

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Apr 9, 2026
Parcel #
23-36-25-25-0000e.0-0014.00
$839K

Listing Agent (for property info)

A
Anke Christina Kemp
Florida East Coast Real Estate
321-616-6994
Call Listing Agent

Estimated Monthly Payment

$7,213/mo
Principal & interest
$4,421
Property taxes
$839
Insurance & HOA
$1,953

Based on a 6.90% rate, 30-year loan, and $839K price — down payment shown: $167,800.

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# 1072460

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Equal Housing Opportunity

MLS# 1072460 · Listing Broker: Florida East Coast Real Estate · 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.