Brevard County · Space Coast
Homes Under $500K in Merritt Island, FL
The short answer
There are 99 homes under $500K for sale in Merritt Island, Florida right now. Every listing comes straight from the Space Coast MLS and refreshes hourly.
Under $500K listings in Merritt Island
99 homes under $500K · newest first
Active$435,000
28 photos
295 Spruce Avenue
Merritt Island, FL 32953 · Carlton Groves Subd No 1
Updated Aug 23, 2026
Active$315,000
30 photos
250 S Sykes Creek Parkway B708
Merritt Island, FL 32952 · Merritt Towers Condo Ph II
Updated Aug 23, 2026
Active$220,000
18 photos
225 S Tropical Trail 801
Merritt Island, FL 32952 · Sunset Bay A Condominium
Updated Aug 23, 2026
Active$129,900
18 photos
2135 N Courtenay Parkway 219
Merritt Island, FL 32953 · Island Village Condo No C
Updated Aug 22, 2026
Active$489,999
66 photos
641 Heather Stone Drive
Merritt Island, FL 32953 · Copperfield
Updated Aug 23, 2026
Active$297,000
1 photos
135 S Kenneth Court
Merritt Island, FL 32952 · Villas at Newfound Harbor The
Updated Aug 20, 2026
ActiveOpen Sun 1 PM$309,994
32 photos
4301 Timothy Drive
Merritt Island, FL 32953 · Osprey Village at Cedar Creek Ph II
Updated Aug 19, 2026
Active$71,000
16 photos
365 Saint Pierre Court
Merritt Island, FL 32953 · Colony Park
Updated Aug 19, 2026
Active$494,900
40 photos
202 Ivory Coral Lane 302
Merritt Island, FL 32953 · Cape Crossing
Updated Aug 19, 2026
ActiveOpen Sun 12 PM$359,000
36 photos
300 S Sykes Creek Parkway 105
Merritt Island, FL 32952 · Merritt Towers Condo Ph III
Updated Aug 20, 2026
Active$454,700
53 photos
5515 Eagle Way
Merritt Island, FL 32953 · Kings Park Unit 1
Updated Aug 18, 2026
Active$184,900
31 photos
165 Treasure Street A3-105
Merritt Island, FL 32952 · Merritt Island Co-Op Apts Inc
Updated Aug 17, 2026
Active$345,000
24 photos
285 Hickory Avenue
Merritt Island, FL 32953 · Carlton Groves Subd Unit 2 Sec 2
Updated Aug 14, 2026
Active$74,900
18 photos
225 Buccaneer Avenue C2-102
Merritt Island, FL 32952 · Merritt Island Co-Op Apts Inc
Updated Aug 17, 2026
Active$149,900
14 photos
225 S Tropical Trail S 724
Merritt Island, FL 32952 · Sunset Bay A Condominium
Updated Aug 14, 2026
Active$205,000
42 photos
2135 N Courtenay Parkway 236
Merritt Island, FL 32953 · Island Village Condo No E
Updated Aug 11, 2026
Active$139,900
18 photos
225 S Tropical Trail 207
Merritt Island, FL 32952 · Sunset Bay A Condominium
Updated Aug 17, 2026
Active$339,000
25 photos
1505 Cunningham Avenue
Merritt Island, FL 32952 · Vetter Isles Ests Sec 2
Updated Aug 9, 2026
Active$440,000
24 photos
1515 Carmen Street
Merritt Island, FL 32952 · None
Updated Aug 18, 2026
Active$340,000
26 photos
340 Belair Avenue
Merritt Island, FL 32953 · Hampton Homes Unit 7
Updated Aug 17, 2026
Active$329,000
8 photos
125 Wales Avenue
Merritt Island, FL 32953 · Rose Hill Estates Unit 1 3rd Sec
Updated Aug 4, 2026
Active$384,900
30 photos
2720 Cutlass Point Lane 103
Merritt Island, FL 32953 · Cape Crossing
Updated Aug 16, 2026
Active$189,500
37 photos
2135 N Courtenay Parkway 241
Merritt Island, FL 32953 · Island Village Condo No F
Updated Aug 14, 2026
Active$489,000
59 photos
1250 Newfound Harbor Drive
Merritt Island, FL 32952 · Banana River Drive Subd
Updated Aug 6, 2026
Listing information provided by the Space Coast Association of REALTORS® IDX program. 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. Information is deemed reliable but is not guaranteed accurate by the MLS.
Browse Merritt Island homes by price and type
42
Under $300K
Every active Merritt Island listing priced at $300,000 or less — the entry point to the market.
Homes Under $300K in Merritt Island, FL99
Under $500K
Merritt Island homes listed at $500,000 or less, from starter homes to move-in-ready family houses.
Homes Under $500K in Merritt Island, FL76
Waterfront
Ocean, river, canal and lakefront homes in Merritt Island — every listing the MLS flags as waterfront.
Waterfront Homes for Sale in Merritt Island, FL11
New construction
Newly built and pre-construction homes in Merritt Island, including builder inventory not yet finished.
New Construction Homes in Merritt Island, FLThinking about living in Merritt Island?
Two rivers, one island — boater's paradise between the mainland and the beach.
Median list price right now: $494,900 across 192 active homes.
Merritt Island homes for sale — FAQ
- How many homes under $500K are for sale in Merritt Island, FL?
- 99 active listings as of August 23, 2026. The count covers listings the Space Coast MLS files under the city name Merritt Island.
- Are there waterfront or new-construction homes in Merritt Island?
- Yes — 76 waterfront listings and 11 new-construction homes (built 2026 or later) are active in Merritt Island right now.
- How current are these listings?
- Listings sync hourly from the Space Coast MLS; each card shows its last-updated date.