Merritt Island Real Estate Tips

If you’re looking for a little slice of paradise, look no further than Merritt Island. With its sun-soaked coastal dunes, saltwater marshes and mesic forests, this seaside town in eastern Florida often resembles a tropical island with a wonderful community of people. It has a little bit of everything for everybody, has a large diversity of cultures, and is close to many attractions. I have detailed knowledge on the best areas to buy, as well as all the pros and cons.

The real estate market in Merritt Island is varied and offers something for everyone, from luxurious waterfront homes to more modest mid-island abodes. No matter what your budget or lifestyle, you’re sure to find a home that suits you on this beautiful island. If you’re thinking of making the move to Merritt Island, here’s everything you need to know about the local real estate market.

Waterfront Properties

Merritt Island is famous for its miles of coastline and stunning views of the Indian River Lagoon. If you’re looking for waterfront property, you’ll be spoiled for choice here. There are plenty of homes on canals and the lagoon itself, as well as properties with many amenities like pools, large screened-in patios, and even larger yards. There is shopping very close by, and a world class city of entertainment less than an hour away (Orlando). There are brand new homes as well as older homes that can be had for a reduction in price on occasion. I have studied this market for a long time and sold many houses in this area. This area has a lot to offer, you just need to know where to look.

It’s not just the landscape that makes Merritt Island feel like a piece of paradise. The town’s warm, wet climate also contributes to its island-like atmosphere. Many people have bumper stickers declaring their love for “their little island”. There is a lot of pride and history that has gone into the nicely sized town. People continue to flock here with the abundance of jobs, things to do, and places to see. Kayaking and outdoor activities are located throughout the community. There are many parks and outdoor areas that are a great way to spend a lovely evening out. There are many restaurants all over the city with every single type of food you can imagine.

Plenty of Real Estate Options

Whether you’re searching for a luxury waterfront property or a more modest home, you’ll find plenty of options on the Merritt Island real estate market. So if you’re dreaming of living in a tropical oasis, be sure to check out this idyllic Florida town. If you’re thinking of selling a home in Merritt Island, you’ll be pleased to know that prices have been on the rise. In April 2022, the median price for a home was $406,000, up 14.6% from the previous year. Homes are also selling faster than they were last year, with an average of just 42 days on the market compared to 55 days in 2021.

Strong Demand

Although there were fewer homes sold in April this year (93) compared to last year (96), demand is still strong and we expect prices to continue to rise in the coming months. If you’re considering buying a home on Merritt Island, now is a great time to do so. Contact Olivia Capizzi today and we can get you a quick market analysis!